The global trading industry has begun implementation of the guidelines set down by the FIX Trading Community to reduce operational risk and enable more efficient set up of clients on OTC electronic trading platforms. The Trading Enablement Standardisation Initiative (TESI),
FIX Trading Community, the non-profit financial trading standards body, has extended the Trading Enablement Standard Initiative (TESI) to include foreign exchange (FX) client enablement. TESI uses FIX protocols to achieve more efficient and standardised communication for trading enablements. Last
State Street has announced the establishment of State Street Alternative Investment Solutions, which combines its hedge fund, private equity and alternative risk servicing capabilities to
NYSE Technologies and Americas Trading Group (ATG) have launched their high-performance order routing and market-data platform offering the global trading community low-latency access to the key trading venues in Latin America. Leveraging NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI), the
Euronext is reducing client trading fees for transactions in Dutch individual equity and index options. Fees for all retail investor transactions will be reduced from EUR0.40 cents to EUR0.31 cents as of 1 October, a reduction of almost 25 per
Fixed income asset administrative and middle-office services and data provider Virtus Partners is teaming up with VPM, SunGard’s asset management business, to offer an integrated bank debt service. Scott Alintoff, chief operating officer of VPM, says: “An end-to-end loan administration,
In the last few years, operational due diligence on hedge fund managers has taken on the same level of forensic detail as the hit TV show CSI New York. Given that this has coincided with greater institutional allocations, it is
MarketAxess Holdings, operator of an electronic trading platform for US and European bonds, has been awarded a US patent for its electronic request-for-quotation method and system for c
The first interdealer non deliverable forward (NDF) trade has been delivered to LCH.Clearnet’s ForexClear service through the recently established link with Traiana’s Harmony CCP Connect. The trade was a USD/KRW NDF with HSBC as one of the trading parties.
New York-based Liquid Holdings Group has developed a real-time risk analytics solution for those who manage multiple accounts, traders or strategies, and as a result require an aggregate view of market and liquidity risks. The new solution, LiquidFIRM (Financial Intermediary
