Latest News
The European Power Exchange EPEX SPOT and the clearing house European Commodity Clearing (ECC) have introduced 30-minute continuous trading of power spot contracts in the intraday markets in France, Germany and Switzerland.
Some 450.45 MWh have been traded during the first 24 hours, with 118.65 MWh in France, 328.20 MWh in Germany and 3.6 MWh in Switzerland.
Cross-border trades accounted for 48 per cent of the total traded volume.
Cross-border capacity allocation in 30-minute-sequences by the Transmission System Operators (TSOs) Amprion, RTE, Swissgrid and TransnetBW was already possible since 2015. As the central counterparty of all EPEX SPOT
- 31/03/2017
US Commodity Futures Trading Commission (CFTC) acting chairman J. Christopher Giancarlo has appointed James McDonald as director of the agency’s enforcement division.
McDonald, who was most recently a prosecutor in the Southern District of New York, brings to the agency a successful track record of pursuing white collar and other crimes. He will assume his duties at the agency on April 10.
“Jamie McDonald’s appointment as the Director of the Enforcement Division is a signal to those who may seek to cheat or manipulate US markets that there will be no pause, no let up and no relaxation in
- 31/03/2017
The Exchange Council of the European Energy Exchange (EEX) has discussed the extension of EEX’s power derivatives product range with contracts currently listed on Power Exchange Central Europe (PXE).
At a meeting chaired by Michael Redanz, managing director of EWE Trading, the Exchange Council also approved the re-appointment of Steffen Köhler (pictured) and Tobias Paulun to the exchange management board of EEX, in addition to confirming new appointments to the sanction committee of EEX.
The focus of the meeting was the cooperation with PXE and the migration of the PXE product range of power derivatives to the EEX platform
- 30/03/2017
Avelacom has extended its low latency network and launched a new point of presence (PoP) to connect Interxion’s London data centre and Borsa Istanbul, making it easier for London’s capital markets players to enter emerging markets and exploit cross-venue arbitrage opportunities.
Interxion’s London data centre is home to an extensive financial services hub, made up of over two hundred market participants including key equity and commodity exchanges, PoPs for 12 major global execution venues as well as international banks, brokers and trading firms.
Financial markets firms using quantitative, high-speed trading strategies are now able to start trading Turkey’s capital
- 30/03/2017
Bloomberg has launched standardised Total Return Swap contracts on the Bloomberg Barclays Indices, providing predefined synthetic exposure to cash bonds for the most widely-used fixed income benchmarks.
As investors seek more cost-efficient methods of trading in less-liquid credit markets, Bloomberg TRS (BTRS) offers exposure to the Bloomberg Barclays US Corporate Investment Grade and US High Yield Indices at minimal capital expense.
“The introduction of Bloomberg TRS will help drive down costs and risks for a broader set of market participants,” says Bloomberg's global credit and TRS business manager Paul Kaplan. "As margin, risk and post-trade capital requirements have reduced
- 30/03/2017
Hedge Connection, a platform for connecting fund managers with allocators, has formed a partnership with conference organiser iGlobal Forum.
The new relationship will provide iGlobal Forum event clients a year round technology platform for connecting and building relationships, while Hedge Connection looks to expand its business beyond the hedge fund community into the various industries served by iGlobal Forum.
The industries served by iGlobal Forum events include independent sponsors, global REITs, private equity, private equity real estate, and specialty finance. Through the new partnership, the top-level senior executives that attend the exclusive networking events will have the ability to
- 30/03/2017
The Depository Trust & Clearing Corporation’s (DTCC) Omgeo ALERT solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralised SSI Utility.
With 6.6 million settlement instructions as of year-end 2016, an increase of 15 per cent over 2015, DTCC remains committed to driving the industry towards automating and replacing onerous, manual processes.
Last year, the industry’s SSI Utility also achieved another significant milestone with over one million FX and cash-based SSIs now held in ALERT, up 13.5 per cent in 2016, with a compliance rating of more than
- 30/03/2017
Softbank’s decision to choose a Jersey-based financial services company to administer its USD100 billion technology fund is expected to lead to more funds domiciling in the island.
The Softbank Vision Fund was launched in October 2016 with the aim of becoming the biggest investor in the technology industry over the next decade.
The decision to have the fund administered in Jersey has been described as a “game changer” in the selection of fund domiciles by several attendees at the Jersey Finance Annual Funds Conference in London last week.
Christopher Griffin, counsel at law firm Carey Olsen, says Softbank’s choice
- 29/03/2017
The European Energy Exchange (EEX) has welcomed RWE Supply & Trading as a market maker for the Spanish, French and Italian power futures markets.
Under the new agreement RWE Supply & Trading will promote liquidity in these markets by providing bid-offer spreads for Baseload Month, Quarter and Year contracts in the order book.
“In 2016, we made significant progress in these markets and the further support from RWE will help us to grow the liquidity, in particular in the emerging Spanish market. We very much appreciate RWE as a partner in further developing our offering for the European power
- 29/03/2017
FlexTrade Systems, a provider of multi-asset execution and order management systems, has appointed Vishal Pandya as chief operating officer (COO).
In this newly created position, Pandya (pictured) will serve as a member of FlexTrade’s executive leadership team and have overall responsibility for the performance and development of the company.
In this capacity Pandya will report to the CEO and be responsible for driving all functions/ products/geographies to achieve and surpass financial and business objectives. He will also be responsible for putting in place the necessary operating structure and management systems to enable FlexTrade to scale and accelerate growth. Pandya
- 29/03/2017
- 29/03/2017
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