Solutions
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading result to date on its spot segments in December, reaching a new record with 95.7 TWh (previous record: 85.4 in January 2017).
The total traded volume amounted to 169.3 TWh in December, an increase of 11 per cent compared to the previous year (December 2016: 152.1 TWh).
Spot trading volume in December amounted to 95.7 TWh , representing an increase of 27 per cent over the previous year (75.1 TWh). This new record was due to a series of highs in the Netherlands, France, Belgium, the U.K.
By Mary Beth Hamilton – The new year is upon us so time for predictions, watch lists and resolutions. Here’s our take on some technology trends we see within our client base as well as buzzing across the industry.
Cloud Transformations: Hybrid Grows & Connections Matter
In 2017 hybrid cloud gained traction as companies embraced its ability to combine the benefits of dedicated private environments with on-demand public cloud resources and application sets. In 2018 we expect broader mainstream hybrid adoption for everything from application and infrastructure services to disaster recovery.
With hybrid cloud use increasing, the importance of
The European Energy Exchange (EEX) achieved a total volume of 234.5 TWh on its power derivatives markets in December (December 2016: 287.4 TWh). The December volume comprised 160.8 TWh traded at EEX via Trade Registration with subsequent clearing.
Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
On the German power derivatives market, trading volumes in Phelix-DE Futures (72.9 TWh) exceeded Phelix-DE/AT Futures (66.0 TWh) for the first time. On the markets for Italy (50.0 TWh) and Spain (7.4 TWh), EEX recorded the highest monthly volume of the year 2017. Compared to the previous year,
Market access technology provider Vela has added Virtu Financial, an electronic market making firm, to the growing list of electronic liquidity providers delivering market data through its new Systematic Internaliser (SI) Data Hub, which is part of its comprehensive MiFID II solution suite.
Based upon Vela’s core feed handler technology, the SI Data Hub provides a low latency, high performance normalised market data solution. The functionality aggregates SI data and allows clients to receive their own bespoke SI price feeds through a single connection and unified API. The SI Data Hub also provides clients with their own configurable Best Bid
Business information provider IHS Markit’s thinkFolio investment management platform is now connected to TRADEcho’s Approved Publication Arrangement (APA), providing clients with a trade reporting solution for MiFID II.
MiFID II rules will shift the responsibility for trade reporting to the buy side for certain products. Firms using thinkFolio as their order management and portfolio modelling system can now form an agreement with TRADEcho to enable real time trade reporting to the TRADEcho APA and use of the TRADEcho Smart Report Router to report to other APAs.
In addition, IHS Markit has introduced a new layer within thinkFolio that enables interfaces
Three weeks after the approval of bitcoin futures by the Commodity Futures Trading Commission in the United States, niche index provider Solactive is launching the Solactive Bitcoin Front Month Rolling Futures 5D Index, an index tracking the performance of XBT futures listed on Cboe Global Markets (Cboe).
Earlier in December, Cboe became the first regulated exchange to list bitcoin futures, for which Solactive has been granted worldwide exclusivity in index calculations.
Bitcoin, the most prominent cryptocurrency, rose from USD789 in December 2016 to USD18,960 in December 20171, an increase in price of more than 2,300 per cent over the course
Indus Valley Partners (IVP), a provider of technology solutions for alternative asset managers, has enhanced its Cash Master, Price Master, EDM, regulatory, cloud and managed services offerings.
With over USD1.5 trillion of global hedge fund AUM managed using its technology, IVP has also extended its footprint in Direct Lending, CLO, BDC, Private Equity, Real Estate, Infrastructure and traditional asset management segments. Bringing the flexibility of the IVP solution suite to new market segments will allow traditional asset managers the ability to create operational efficiencies that traditional hedge funds have enjoyed and harnessed for years.
IVP Cash Master now features
Charles River is helping clients prepare for the impending European Union’s Markets in Financial Instruments Directive II (MiFID II) requirements by incorporating ICE Data Services’ Continuous Evaluated Pricing (CEP) into the Charles River Investment Management Solution (Charles River IMS).
Charles River provides investment managers with an end-to-end solution for meeting regulatory obligations under MiFID II. The solution captures key data and trade lifecycle decision points needed to comply with new requirements for trade and transaction reporting, best execution and commission management.
CEP provides an independent, trade-by-trade measure of price quotes that help fixed income portfolio managers and traders more
The European Energy Exchange (EEX) has set a new daily record in Phelix-DE Futures, achieving a total of 10.8 TWh on 19 December, which is 62 per cent above the previous record (6.7 TWh on 12 December 2017).
In terms of the overall power derivatives market, a total of 22.2 TWh were traded on that day.
In addition, trading volumes on the market for butter futures recorded a new all-time high yesterday at 2,090 tonnes of goods equivalent (418 contracts). The previous record was set on 9th March 2016 at 1,500 tonnes of goods equivalent (300 contracts).
The
Concerns about data and system security, and ensuring systems will be equipped for compliance with GPDR are among the key technology concerns for IT professionals in the finance sector, according to a new study from digital workplace provider Invotra.
Research, conducted with senior IT managers working across a variety of financial services organisations, found that 85 per cent of respondents consider data and systems security to be their biggest priority. Over half (52 per cent) also said that high profile cyber-attacks in the news prompt greater scrutiny on existing systems, and nearly a third (31 per cent) said they make
