Trading & Execution

Emerging markets hedge funds posted strong gains to conclude 2012, which continued through early 2013, as stimulus measures in developed markets contributed to EM currency and equity market gains. »

The European Energy Exchange (EEX), in its capacity of the transitional auction platform for the Federal Republic of Germany, has cancelled Friday’s auction of EU Allowances (EUA) for the third trading period, because it would have cleared below the reserve price. »

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished January up 2.07 per cent, with nine out of 10 strategies in positive territory. »

The international derivatives marketplace Eurex Exchange will start listing new derivatives on global MSCI indices on 11 March. »

The International Capital Market Association (ICMA), a trade body for the international debt capital markets, has published a legal opinion on the enforceability and validity of the Global Master Repurchase Agreement (GMRA) in Russia. »

Scoach, the joint trading platform for structured products in Switzerland and Germany operated by SIX Swiss Exchange and Deutsche Börse, is to close after SIX terminated the cooperation contract between the two exchanges. »

ICAP has launched i-Swap, its electronic interest rate derivative platform in the US for trading of US Dollar interest rate swaps (IRS). »

Pine River Capital Management has deployed its Flex Trade Systems’ FlexTRADER EMS to facilitate trading for equities, FX and listed derivatives. »

The turnover of investment certificates and leverage products traded on the European stock exchanges in the fourth quarter of 2012 was EUR20.7bn, or 13.4 per cent lower than in the third quarter of the year. »

QuantHouse, S&P Capital IQ’s real time operation, has partnered with the European arm of Russian financial institution BCS Financial Group to launch low latency market data for MICEX-RTS – Russia’s main equity market. »