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The US Commodity Futures Trading Commission (Commission) has unanimously approved proposed rules that mark a comprehensive regulatory response to the evolution of automated trading on US designated contract markets (DCMs).
The proposed rules, known collectively as Regulation Automated Trading or Regulation AT, represent a series of risk controls, transparency measures, and other safeguards to enhance the US regulatory regime for automated trading. The notice of proposal will be open for a 90-day public comment period.
Regulation AT takes a multilevel approach by proposing risk control and other requirements for (a) market participants using algorithmic trading systems (ATSs), who are
ITG has added trading in India and Taiwan equities to the award-winning POSIT Alert crossing network. ITG now offers POSIT Alert in ten Asia Pacific markets, reflecting the ongoing demand for crossing tools in the region and reinforcing ITG’s global commitment to high quality, block size liquidity for institutional investors.
In addition to India and Taiwan, the POSIT Alert block crossing platform is now available for trading Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines and Singapore as well as 22 EMEA countries, Brazil, Canada, Mexico and the U.S.
Ofir Gefen (pictured), Head of Electronic Brokerage for ITG in
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has fully implemented ISO 15022 messages for its Worldwide Fixed Income offering.
The EDI service provides a comprehensive overview of the global fixed income market. It covers new corporate, government bond and government agency issues from 150 countries, as well as changes to their terms and conditions.
The newly released ISO feed is available on its own or integrated with EDI’s existing Equity SWIFT ISO 15022 offering. It covers all messages, including cash flows, partial and full redemptions and conversions. It also captures defaults and bankruptcies.
Kevin Brady, EDI’s
The Chicago Board Options Exchange (CBOE) has created five new options-based strategy performance benchmark indexes that focus on options as risk management and yield enhancing investment tools
Index values for the new benchmarks, which are tied to the Russell 2000 Index (RUT), will be available on CBOE's website and from quote vendors beginning Monday, November 23, 2015.
Inspired by CBOE's flagship strategy benchmark series, the new benchmarks use RUT options to create a CBOE Russell 2000 PutWrite Index, a CBOE Russell 2000 Zero-Cost Put Spread Collar Index, a CBOE Russell 2000 30-Delta BuyWrite Index, a CBOE Russell 2000 Conditional
Alternative investments specialist Franklin Square has hired Marc Yaklofsky as Senior Vice President of Corporate Development.
Yaklofsky will lead business development and strategic initiatives, while further developing Franklin Square’s stakeholder communication efforts.
“Marc has extensive experience in business development and stakeholder relations, and is an excellent addition to our team,” says Michael F Gerber, Executive Vice President of Franklin Square. “As we have grown as a firm, so too have our opportunities to execute on strategic initiatives, and we look forward to Marc helping us continue our growth.”
Yaklofsky was most recently Managing Director, Head of Stakeholder Relations,
Eurex is now offering its Trade Entry Services (TES) for customers based in the US.
Eurex’s TES enable trading participants to enter off-book transactions into the Eurex system, which allows them to benefit from the flexibility of customised trading and the advantages of standardised clearing and settlement through Eurex. Off-book trades can be processed for all Eurex Exchange products approved for trading in the U.S. by the Commodity Futures Trading Commission (CFTC).
The TES are available, among others, for FX futures, equity index futures, and fixed income futures and options.
The Depository Trust & Clearing Corporation (DTCC) has launched its Data as a Service (DaaS) offering, the latest solution available through its centralised and dynamic data provisioning service.
The newest offering from DTCC Data Products transforms the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, providing firms with new insights on trading activities across multiple asset classes.
DTCC has unparalleled access to financial markets data, enabling its clients to directly source reliable, enriched and unique market and reference data. The DaaS offering provides subscribers access to their own firm-specific transaction
To date, most hedge fund strategies are up in November as previous trends in FX and commodities continue unabated. The renewed fall in commodity prices has triggered another leg down in energy stocks in November. As a result, the defensive positioning of hedge funds on the commodity complex has been rewarding.
FIX Trading Community is opening its technical standards process to software developers throughout the financial industry.
A standard, complete modern high performance interface for venues will promote fairness, lower costs, and should lead to quality and reliability improvements. An open process, based upon widely accepted open source licenses, that is hosted on the leading open source platform, GitHub, is seen as the optimal way to complete the design, implementation, and launch of the FIX Trading Community's high performance technical standards.
The objective is frictionless access: all of the important resources will be freely available in one place using a single
BCS Global Markets (BCS), the international arm of BCS Financial Group, the largest broker of securities on the Moscow exchange, has appointed Bradley Duke and Alex Romer-Lee as Non-Executive Directors.
As part of their role as members of the BCS UK board, both Alex and Bradley will provide additional oversight and constructively challenge and help develop Company strategy.
Romer-Lee joins BCS having held Non Executive Directorships at FCE Bank plc, where he chaired the Audit Committee; Alex was previously a Partner at PricewaterhouseCoopers (previously Coopers& Lybrand and Deloitte Haskins & Sells) between 1976-2001 heading up their financial services business
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