Trading & Execution

Depleted wallets, order allocation, CSA and algo trends, regulations and top brokers point to similarities between the US and European markets, but wallets and regulation will cause divergence, says Miranda Mizen, TABB’s director of equities research. »

Clearstream and Belfius have agreed to develop a new collateral management activity for bilateral trades, focusing on over-the-counter (OTC) derivatives and aimed primarily at corporates and medium-sized banks. »

Eurex Repo, the marketplace for international, electronic repo trading and secured funding, plans to extend the maximum term of tradable securities for the Eurex Repo markets such as GC Pooling and Euro Repo. »

Saxo Bank, the multi-asset online trading and investment specialist, has launched Saxo Prime, its new FX prime brokerage solution offering institutional clients direct market access (DMA) to major FX liquidity providers and venues worldwide. »

The PFSOFT company, a trading technology provider, has launched an enhanced web trading application. »

NYSE Euronext global derivatives average daily volume (ADV) in December 2012 totalled 7.5 million contracts, a decrease of 0.2 per cent compared to December 2011 and a decrease of 8.0 per cent from November 2012 levels. »

BNY Mellon has received regulatory approval to launch a new Issuer Central Securities Depository (CSD) entity that will offer market participants enhanced interoperability and efficiency in the global post-trade arena. »

Scoach achieved a trading volume of EUR42.6bn in Zurich and Frankfurt in 2012. »

All registered swap dealers active in credit and interest rate trading are now sending information to the Depository Trust & Clearing Corporation’s (DTCC) swap data repository, DTCC Data Repository (DDR). »

Celoxica, a provider of ultra low latency market data and order entry solutions for high frequency traders, has launched its next generation hardware-accelerated, futures trading platform for firms executing low latency trading strategies on futures exchanges. »