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Nasdaq has established a new energy futures market, Nasdaq Futures (NFX), with the support of leading commodities participants.
NFX will offer competitive pricing, an innovative clearing solution and high-performance technology for futures and options based on key energy benchmarks including oil, natural gas and US power, which will launch mid-2015 pending regulatory approval.
Nasdaq has secured support from prominent trading firms, inter-dealer brokers, and futures commission merchants (FCMs) to facilitate broad product distribution and early liquidity. Founding market participants include ABN AMRO Group, Advantage Futures, Goldman Sachs, JP Morgan, Morgan Stanley1 and Virtu Financial.
"Our strategy is always to meet
OptionsCity has been selected as a preferred independent software vendor for Nasdaq Futures (NFX), the exchange group's US-based designated contract market (DCM).
Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in 2015.
"OptionsCity is the leading software platform for options on futures traded on global futures exchanges," says Hazem Dawani, the CEO and cofounder of OptionsCity. "Supporting Nasdaq Energy Futures offers our clients the ability to find opportunities and execute new trading strategies."
OptionsCity will support Nasdaq energy futures immediately at launch
UBS Global Asset Management has listed a new ETF on the London Stock Exchange (LSE) offering investors access to commodities markets with the additional benefit of GBP currency hedging.
The UBS ETF (IE) CMCI Composite hedged GBP SF UCITS ETF is a swap-based ETF that enables investors access to broad commodities. The investment objective of the ETF is to deliver the performance of the UBS Bloomberg CMCI Composite Total Return GBP-hedged index by synthetically replicating the index performance through the use of futures contracts.
The UBS Bloomberg Constant Maturity Commodity Index is a 2nd-generation index which extends beyond use
ICAP Information Services (IIS) and CME Group have partnered with The Beast Apps Group to create and deliver RapidRV, a real-time market data and analytics tool designed to provide market participants with the capability to analyse relative value opportunities between the Over-The-Counter (OTC) and exchange-based futures markets.
"We're very happy to be partnering with CME Group and The Beast Apps Group to provide these real-time products and services for the futures and OTC markets," says Michael Kirby, IIS Americas Director. "As a leading OTC marketplace and data provider, ICAP is ideally situated to offer clients a unique view into the
DataArt has partnered with OpsCheck to develop and launch a web-based application which helps hedge funds maintain effective operational oversight in an increasingly challenging business and regulatory environment.
Conceived by Frank Caccio, a hedge fund industry veteran, OpsCheck (www.opscheck.com) gives hedge funds and other investment platforms an enhanced degree of command and control over their operational infrastructure and a new level of control and transparency into all operational activity, from the most granular to the highest-level tasks. DataArt contributed its industry expertise and technical acumen to help build the application, which has already been deployed at multiple hedge funds.
“DataArt
CBOE Holdings plans to list options on the MSCI Emerging Markets Index (EEM) and the MSCI EAFE Index (EAFE) beginning Tuesday, 21 April.
The announcement was made during a CBOE press briefing at the Futures Industry Association conference in Boca Raton, Florida.
In December 2014, CBOE Holdings, Inc. announced it entered into a licensing agreement with MSCI Inc, a leading provider of investment decision support tools worldwide, to offer options trading on several MSCI Indexes. Under the agreement, options on the MSCI Indexes will be solely listed for trading in the US on the Chicago Board Options Exchange (CBOE). Options
iMatchative’s new online data analytics, monitoring and matching service for institutional investors and hedge funds, AltX, will now use a data feed from HedgeFund Intelligence’s.
HedgeFund Intelligence’s global database of hedge fund performance tracks over USD2 trillion in assets under management and over 16,000 funds and contains performance information such as investment terms, strategy and historical AUM. The data feed into AltX will feature the US North Americas Absolute Return database of over 5,200 funds.
This partnership comes at an exciting time for iMatchative as they look to disrupt the investor-hedge fund intro market. Within the first year they already
ASPN Solutions has been named Best Aggregation and Reporting System for its front, middle, and back office technology platform, ASPN in the 2015 Hedgeweek Awards
The winners are determined on a peer review basis whereby institutional and high net worth investors, as well as managers and other industry professionals such as prime brokers, custodians and advisers, elect a 'best in class' system. The award was announced at a ceremony in London’s Mayfair district on 27 February.
Ken Akoundi, President of ASPN Solutions, says: “We are extremely excited that ASPN was recognized as a frontrunner by our peers in the industry.
BATS Global Markets (BATS) has hired Kapil Rathi as Vice President, Options Business Strategy.
Rathi joined BATS on 23 February after 10 years in key roles at the International Securities Exchange (ISE) and is working closely with Jeromee Johnson, Vice President, Options Business Strategy, as a senior member of the BATS Options team. Both Rathi and Johnson report to Bryan Harkins, Executive Vice President, Head of US Markets.
Harkins says: “BATS Options has more than doubled in size during the past year and we’re always seeking to bring in top talent to work with the existing team to help continue
Osney Buy-Side has identified the top three challenges currently facing European asset managers: the role of technology in driving growth; the continuing wave of regulation; and lack of standardisation in cash flow management.
These three issues will be addressed at the 14th annual TSAM Europe, which returns to London on 17 March, along with the latest strategies and developments in the asset management industry.
The role and importance of technology in driving growth for the future of the industry is of high importance, and at the front of asset manager’s minds. The issue will be addressed in the event’s
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