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The Derivatives Service Bureau has launched its real-time International Securities Identification Number (ISIN) creation service, allowing users to create OTC derivative ISINs and obtain associated reference data to address regulatory reporting obligations and processing requirements.
A year after the initial announcement of the core functionality of the first automated global ISIN-allocation engine, the DSB has met its commitment to be in full production on this date. The first users are being onboarded for creation of ISINs for OTC derivatives, resulting in the beginning of a global OTC ISIN data archive, which will also contain Classification of Financial Instruments (CFIs), Financial
Shareholders of Saxo Bank Group (Saxo), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 per cent of the bank.
In May 2017, it was announced that Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co, Ltd (“Geely Group”), had made an offer to buy 30 per cent of the shares of Saxo. Geely Group has offered to buy more shares and will thus become majority shareholder with a total of 51.5 per cent.
TPG Capital and SinarMas
Ali Chughtai, portfolio manager at USD235 million European macro manager WHARD Stewart, believes that the short term has a real possibility of seeing a correction in emerging market (EM) currencies.
“We have had a reasonable rally in emerging markets and their currencies that arguably started at the beginning of 2016, once the market became comfortable that the worst was possibly over for China,” Chughtai says.
The Chinese stabilisation provided a kind of a catalyst for emerging markets, he says and this rally is now getting mature. “It’s not necessarily due for an end to the rally or the trend, but
NPL, the UK’s National Measurement Institute, is expanding its precise timing service, NPLTime, through a distribution agreement with QuantHouse, an independent provider of trading and infrastructure solutions and market data services to the quant trading community.
NPLTime® provides a precise time signal delivered over fibre, traceable to Coordinated Universal Time (UTC), accurate to within 1 microsecond. The agreement will provide QuantHouse customers with the capability for traceable timestamping, latency monitoring and synchronisation. Furthermore, it enables users to be fully compliant with MiFID II timestamping requirements and eliminate their reliance on GPS, removing susceptibility to jamming, spoofing, urban canyon effects and
IHS Markit, a specialist in critical information, analytics and solutions, has partnered with six leading securities finance market participants as part of its ongoing effort with Pirum Systems to build a solution to address Securities Finance Transaction Regulation (SFTR) reporting requirements.
Joining IHS Markit as design partners for the SFTR reporting solution are BNY Mellon, Brown Brothers Harriman, Deutsche Bank Agency Lending, eSecLending, JP Morgan and Rabobank. Each member of the initial design group will contribute their requirements and market expertise to ensure the fully-hosted, end-to-end reporting framework suits the diverse needs of the securities lending and repo communities.
Calastone, the global funds transaction network, has appointed Henning Swabey as Managing Director and Head of Continental Europe.
Swabey joins from RBC and will be responsible for defining and implementing the European Business Development Strategy, and will build and manage a growing sales team across Continental Europe.
Swabey joins Calastone with significant experience in the mutual funds sector, in which he has been able to use his strong leadership to service and develop core business relationships. He has held a number of senior roles within several leading global financial services institutions, including RBC where he developed their Investor &
Bloomberg Data Reporting Services Limited (BDRSL) has received authorisation from the UK Financial Conduct Authority (FCA) for its Approved Reporting Mechanism (ARM) – effective 3 January 2018.
Under MiFID II, investment firms will be required to submit transaction reports containing up to 65 data fields including LEIs (legal entity identifiers), personal and trade data to local regulators, known as National Competent Authorities (NCAs).
As a component of Bloomberg’s pre-integrated MiFID II solution, Bloomberg’s ARM and reporting solutions will allow firms to enrich their transaction reports with data from Bloomberg or third-party order management systems.
“The authorisation of our
Fluxys Belgium is to simplify its services for ZTP physical trading (formerly Zeebrugge Beach services) as from 1 October 2017. The PEGAS trading platform will enhance its services accordingly.
Fluxys Belgium will simplify its services for ZTP physical trading by harmonising the operational rules with those for ZTP notional trading services.
Huberte Bettonville , Director Commercial Regulated of Fluxys Belgium, says: “Our new approach for ZTP physical trading marks a clear step forward as solving flow reductions at the border or unmatched flow nominations no longer require back-up services and a financial guarantee. PEGAS now can offer automatic nomination
Intercontinental Exchange’s (ICE) ICE Low Sulphur Gasoil futures contract achieved a new open interest record of 1,004,645 contracts on 26 September, 2017, surpassing 1 million contracts for the first time.
The previous open interest record was 999,264 contracts on 25 September, 2017.
This record reflects an expanding diesel market and demonstrates a strong growth in liquidity as market participants rely on ICE Low Sulphur Gasoil to hedge exposure to diesel prices. The ICE Gasoil futures complex includes a comprehensive range of oil products, including 50 contracts that price as a differential to Low Sulphur Gasoil including options, differentials and
The Exchange Council of the European Energy Exchange (EEX) held its third meeting of 2017 in Paris. The meeting was chaired by Dr Michael Redanz (pictured), Managing Director of EWE Trading GmbH.
The Exchange Council discussed a wide range of topics, including the significant volume growth of the Phelix-DE Future since launch, as well as EEX’s implementation strategy ahead of the upcoming MiFID II deadline.
The Exchange Council was particularly encouraged that the Phelix-DE Future has quickly established itself as the new benchmark in European power. Since launching in April 2017, increased confidence from market participants has resulted in
