Solutions
Inter-dealer broker Tullett Prebon is teaming up with GMEX Group to develop a hybrid voice and electronic trading platform for FX options.
The new FX Options trading solution is designed to enhance Tullett Prebon’s offering to its clients, integrating GMEX’s request for quote (RFQ) technology with Tullett Prebon’s existing central limit order book (CLOB) capability.
GMEX Technologies, supported by its development partner Forum Trading Solutions, will provide its bespoke trading system and market surveillance solutions for the FX options trading platform.
David Perkins, managing director, electronic broking at Tullett Prebon, says: “This latest initiative highlights our intent to
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, are to introduce a suite of exchange-traded and centrally-cleared precious metals products.
The initiative has been driven by the need for greater market transparency, to support and aid ongoing regulatory change, provide additional robustness to the precious metals market, broaden market access, make trading more capital efficient and trade lifecycle management easier.
LMEprecious will be developed to accommodate the interests of the full range of market stakeholders and to reinforce the strengths of the London market.
Four words spring to mind when discussing the evolution of The Bahamas as a leading international financial jurisdiction: regulation, location, expertise and innovation.
Collectively, they provide a multi-layered value proposition that is helping The Bahamas cement a reputation for not only committing to a regulatory framework that embraces and, indeed, reflects international best practices, but which encourages tangible innovation. In other words, The Bahamas is a jurisdiction that gets things done, rather than just talking about it.
One only has to see the incredible success of the SMART funds series to appreciate this. First introduced in 2003, there are now
A new partnership between Avelacom and SGX aims to improve accessibility of low latency applications that are in high demand among hedge funds, trading firms, investments banks both within and outside the APAC region.
Avelacom’s network comprises of the most direct, low latency fibre routes with Singapore. By setting up a new point of presence in SGX Data Centre Avelacom leverages its connectivity offerings across major trading hotspots in Asia and beyond. As a result, SGX’s members can benefit from more diverse and reliable low-latency solutions including ultra-low latency market data delivery and order routing, cross-connect opportunities, cloud strategies.
“We
SimCorp has released version 6.0 of its integrated investment management solution, SimCorp Dimension. The new release, which is the second of this year’s two releases, introduces a number of new modules and enhancements across front, middle and back office.
A new module, ‘General Reconciliation – Static Data’ adds to the recently launched Reconciliation Manager, which was introduced with Release 5.9 as a central hub for all reconciliation processes with full integration to the system’s IBOR (Investment Book of Record). The new module facilitates the reconciliation of static data, for example the maturity date of a bond or the expected dividend on
FlexTradeSystems, a specialist in multi-asset execution management systems, has recently opened an office in Frankfurt am Main, Germany.
Frankfurt is the heart of the German financial sector and is right at the centre of Europe. Based in the same building as the Frankfurt stock exchange, FlexTrade’s German office has been opened in order to offer local sales and service to the company’s growing German- speaking client base.
Boris Komljenovic (pictured), sales director for central Europe, says: “The initial driver to open the office in Frankfurt was to serve our fast-growing client base in the German-speaking countries. Our clients clearly communicated
Listed options volume climbed in June to its highest level in 10 months after a stock market swoon on the heels of the United Kingdom’s decision to leave the European Union, accordoing to data released by TABB Group.
Volume in Q2 hit 1.01 billion contracts, a 3.2 per cent drop from Q1 2016’s volume, but a 4.6 per cent increase over Q2 2015’s totals.
In June, listed options volume climbed to its highest levels in 10 months after a stock market swoon that erased more than 5 per cent from the S&P 500 Index (S&P 500) on the heels of
The ability for traders to see the full depth of the order book on an exchange not only proffers greater insight and transparency on the supply and demand of individual stocks, it allows them to enhance their trading strategies, not to mention providing the ability to improve liquidity management.
Ordinarily, people think of Level 2 price data as the best way to ascertain the depth of the market. Level 1 simply shows the live best bid and offer on a company’s shares.
But it is a misnomer to suggest that anything over and above the current displayed BBO is Level
Compression provider LMRKTS has formed a strategic partnership with Tradition, a wholesale market broker in over-the-counter financial and commodity related products, which will initially handle execution and compression processing unique to FX Forwards.
A limited release is planned for August and the full commercial release later this year. Additional asset classes will be added over time.
LMRKTS’ leadership team has been discreetly working on this FX solution with a select number of banks for over a year. The company’s focus has been on refining its technology and product to ensure it is in tune with the market – to offer a
Bats Global Markets is to launch the Bats Auction Mechanism (BAM), new functionality that provides price improvement opportunities for orders sent to its EDGX Options Exchange.
Bats plans to launch BAM in November, pending SEC approval. The company’s two US options exchanges, EDGX and BZX, set a combined record with market share of 11.7 per cent in June while remaining the market leader in single-leg equity options trades with 19 per cent market share.
BAM is an options auction process that provides Members with an opportunity for price improvement for the Member’s client orders. The BAM functionality alerts all Members
