The New York Stock Exchange (NYSE) and NYSE MKT have temporarily assigned custodial responsibility for approximately 524 New York Stock Exchange (NYSE) and 156 NYSE MKT listed securities from the Designated Market Maker (DMM) unit of Knight Capital Americas LLC
Quantitative Brokers (QB), an independent provider of advanced algorithms and data-driven analytics to clients in the futures and US cash treasury markets, has added two new algorithms, Octane and The Roll to its suite of best execution algorithms: Bolt, Strobe,
Royal Bank of Scotland has launched 2,000 Turbos on NYSE Euronext in Paris, bringing the market total to 4,300. These Turbos are already listed on NYSE Euronext in Amsterdam. The Turbos introduced by RBS offer investors an increase in
Watson Wheatley Financial Systems has successfully implemented its iRecs reconciliation system at London-based BennBridge, part of the Bennelong Funds Management Group. The deployment of iRecs covers daily reconciliation of positions, trades, balances and cash flows as well as P&L, NAV
Fidessa group, a provider of trading systems, market data and connectivity to both buy-sides and sell-sides, has launched global market coverage for its fragmentation analysis tools, the Fidessa Fragmentation Index and Fragulator. These free to use web-based services were first
While trade capture and confirmations/affirmations still constitute over 50% of OTC post-trade processing costs, the buy side desires technology wh
Quantile Technologies (Quantile), a provider of multilateral compression and optimisation services for Financial Markets, has successfully completed its initial NDF Margin Optimisation cycles with CME Group. CME Group’s latest cycle generated over USD1.2 billion in NDF clearing across multiple currency
In July EUR94.9bn was traded on Xetra and on the floor at Börse Frankfurt – an increase of five per cent year-on-year. Of this, EUR89.3bn was traded on Xetra, an increase of six per cent year-on-year and EUR5.7bn was traded
The CBOE Futures Exchange plans to introduce trading in its first options on a futures contract – Weekly options on VIX futures – on 28 September, subject to regulatory approval. All key pieces of the VIX product suite will now
Eurex is planning to launch a completely new trading system. Subject to the required legal approvals, first roll-out is currently scheduled for December 2012, followed by a migration phase, where products will be moved in a stepwise approach from the
