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The European Energy Exchange (EEX) and the independent carbon trading company Belektron have signed a cooperation agreement to further facilitate access to the primary market auctions at EEX.
The cooperation aims at opening the emissions auctions to a wider customer base, in particular, for smaller and medium-sized companies (SMEs).
Belektron will act as an intermediary who is admitted at EEX to enter bids into the auction system on behalf of its clients. The arrangements for bidding in the auctions via Belektron have been jointly developed by Belektron and EEX. In particular, Belektron guarantees to offer its services equally to
- 27/02/2017
The London Stock Exchange’s (LSE) proposed merger with Deutsche Börse may not now go ahead after the LSE ruled out selling its 60 per cent stake in fixed-income trading platform MTS.
The European Commission had ordered LSE to sell its majority stake in MTS to secure clearance for the merger.
MTS is a regulated electronic trading platform for European wholesale government bonds and other fixed income securities. It is a relatively small part of LSE’s business but is classified as a “systemically important regulated business” in Italy, where LSE also owns the Milan-based Borsa Italiana.
According to LSE,
- 27/02/2017
FIX Trading Community, the non-profit financial trading standards body, has published a document detailing extensions to the FIX Protocol to meet the requirements of MiFID II and MiFIR.
The FIX Global Technical Committee has approved these changes and these are now available to use within the industry.
Members of the FIX Trading Community have been convening regularly since the summer of 2015 to address the impact to workflows that investment firms will face due to increased regulation. By walking through a number of different trading scenarios, members have been able to document what additional data will be required to
- 27/02/2017
Managed futures traders lost 0.73 per cent in January, according to the Barclay CTA Index compiled by BarclayHedge.
Seven of Barclay’s eight CTA indices lost ground in January.
The Diversified Traders Index was down 1.20 per cent, Systematic Traders lost 0.87 per cent, Currency Traders were down 0.51 per cent, and Financial/Metals Traders gave up 0.33 per cent.
“Profits from the continuing rally in global stock markets were not enough to overcome losses resulting from trend reversals in energy, US Dollar weakness, and sharply rising European yields,” says Sol Waksman, (pictured) founder and president of BarclayHedge.
The
- 27/02/2017
By Dan Viola, partner, Sadis & Goldberg – Status of the new DOL fiduciary rule. The Department of Labor’s (the DOL) new fiduciary ruling (the Rule) has created strife in the securities industry and has the potential to significantly impact how financial advisers and brokers will manage retirement accounts in the future.
Currently, brokers, financial advisers, and other finance professionals don't legally have to act in a client's best interest, with few exceptions, such as those who are registered as investment advisers with the US Securities and Exchange Commission or in individual states. Those who aren’t registered, like brokers, just have to prove
- 24/02/2017
The Foreign Exchange Professionals Association (FXPA) has elected a slate of new board members, as well as four officers to serve on the its executive committee (ExCom).
FXPA members re-elected Chip Lowry (pictured), senior managing director of State Street Global Markets, as chair, and Sean Tully, senior managing director, financial and OTC products, CME Group, as treasurer.
FXPA members also elected two new officers to the ExCom: Fulinda Rouse, co-head of global accounts, EBS BrokerTec, as vice chair, and Paul Millward, head of FX product strategy, Bats Global Markets, as secretary.
Rouse succeeds Jill Sigelbaum, global head of
- 24/02/2017
- 24/02/2017
Snowden Lane Partners has formed a partnership with Artivest, a technology-driven investment platform that connects private equity and hedge funds to financial advisers and high net worth investors.
“As independent wealth advisers, we offer our clients access to an unsurpassed range of investment and advisory solutions,” says Rob Mooney, Snowden Lane’s managing partner and CEO. “With no proprietary products, we are free to search the world for the right investments that meet each client’s unique requirements. The Artivest partnership advances this mission. It gives our advisers additional investment options that preserve our independence. Most importantly, Artivest’s technology greatly simplifies the
- 24/02/2017
Total volume in the US options market reached 4.06 billion contracts in 2016, a 1.9 per cent decline from 2015.
As a lack of sustained volatility has resulted in little perceived volume growth, US listed options volume for 2017 is expected to also remain fairly stagnant, according to TABB Group’s latest research, “US Options Market Outlook 2017: Emerging Catalysts on the Horizon.”
The report examines factors that influence options trading activity, identifying key factors that the industry should monitor as catalysts to support trading in 2017. It also examines investor demand, the regulatory landscape and provides context on how
- 24/02/2017
CQG, a provider of trade routing, market data and technical analysis tools, is to launch connectivity to the Warsaw Stock Exchange (GPW) for futures trading.
Through the new connection, CQG customers will have access to the WIG20 contract as well as equity, FX, WIBOR, and T-bond futures contracts.
CQG will provide direct market access to GPW through all of its platforms, including its flagship, CQG Integrated Client, which offers global market data and interfaces for electronic trading and order management. The new connection will enable CQG customers to build correlation dashboards to compare GPW contracts with other exchanges and
- 24/02/2017
Bats Global Markets’ Bats One Premium market data product is now available for distribution across numerous FactSet products and platforms.
FactSet, a provider of integrated financial information and analytical applications, this month became the first distribution partner to offer the new product.
Bats One Premium, launched in February 2015, features five levels of real-time quoted depth and trade information across the four Bats US stock exchanges, and is geared towards the sophisticated professional investor.
“We’re excited about bringing our new, premium version of Bats One to market,” says Kevin Carrai (pictured), vice president, market data and access services
- 24/02/2017
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