BNY Mellon has created a new company to clear futures and derivatives trades on behalf of institutional clients in Europe, Middle East and Africa. Headquartered in Dublin, the business, BNY Mellon Clearing International Limited (BNYMCIL) is the first MiFID authorised futures and
In March 2011, the international derivatives exchanges of Eurex Group recorded an average daily volume of 11.8 million contracts (March 2010: 10.0 million). Of those, 8.7 million were Eurex Exchange contracts (March 2010: 7.1 million), and 3.1 million contracts (March
The international derivatives exchange Eurex will offer futures contracts based on particular dividends of individual shares from 11 January 2010. Eurex will launch dividend futures on the constituents of the Dow Jones Euro Stoxx 50. Following the introduction of the
Aquis Exchange, the proposed pan European stock exchange, plans to establish its primary data centre at the Equinix LD4 International Business Exchange (IBX) data centre inside the Equinix London Slough campus. Aquis Exchange, which will launch pending approval by
Investor Analytics (IA), working closely with Albourne Partners, has launched a hedge fund OPERA reporting service for managers to show investors how the risk in their portfolios translates directly into returns. "The long-overdue OPERA initiative provides fund managers with
Eurex’s KOSPI Product exceeded the 1 million traded contracts threshold last Thursday, 12 May, for the first time since its launch on 30 August 2010. Monthly trading volume has been increasing steadily, reaching more than 147,000 contracts in the
For most businesses, having a website is fundamental. Not so for hedge fund managers who have preferred to reinforce their clandestine activities by eschewing a snazzy homepage. This is beginning to change as managers embrace the new era of regulation
Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, recently showed that its Inferno back office system is capable of processing one million transactions per hour. Working at Arrow Electronics’s Oracle-authorised solution centre
Maples Fund Services is using Geneva, Advent’s global portfolio management and fund accounting solution, to provide enhanced services to its clients. Maples is an independent global fund services provider with assets under administration of USD30 billion. The firm has expanded its
LCH.Clearnet and Australia’s Financial and Energy Exchange Group (FEX), have agreed initial terms for LCH.Clearnet to provide clearing for the FEX Exchange Traded Derivatives Market, subject to regulatory approval. LCH.Clearnet will clear energy, commodity and environmental derivatives listed on FEX. Participants
