Solutions
The Singapore Exchange (SGX) is to launch SGX-listed FX block futures on EBS BrokerTec’s FX central limit order book (CLOB), EBS Market, a primary venue for e-traded currencies.
The strategic collaboration between EBS BrokerTec and SGX announced in January 2015 will bridge the FX over-the-counter (OTC) and futures markets. This new agreement will enable market participants to seamlessly access an enhanced liquidity pool for trading Asian Spot, NDF and Futures instruments via the EBS Market.
The listed FX block futures will be available on EBS Market in early Q2 2016 pending regulatory approval. Trades will be cleared through SGX’s
BGC Partners, and its majority-owned division, GFI Group – a provider of trading technologies and support services to the global OTC and listed markets – are to sell GFI’s Trayport business to Intercontinental Exchange for USD650 million.
Howard W Lutnick (pictured), Chairman and Chief Executive Officer of BGC, says: "The agreement to sell Trayport for USD650 million clearly demonstrates the value that this leading platform provides to the global energy and commodities markets. This is a business that has counted both BGC and GFI as customers for many years, and we expect to continue to use it for the foreseeable
US bank-owned prime brokerages are reasserting their influence and stealing a march on their European competitors as the financial industry adjusts to regulatory demands; in particular Basel 3 regulation, which introduces rules on capital ratios and is scheduled to come into effect in 2019.
Basel 3 will require banks to progressively reach a minimum Tier 1 capital ratio of 7 per cent by 2019. But whilst US banks appear well positioned – Goldman Sachs now has a 9.6 per cent leverage ratio – European banks such as Credit Suisse and Deutsche Bank still only have leverage ratios of 3.7 per
Chicago Board Options Exchange is collaborating with LiquidityBook to expand connectivity to its CBOE PULSe trader workstation, an execution management system that allows traders to simultaneously and electronically access the markets via Direct Market Access (DMA), advanced routing and high-touch broker relationships.
The PULSe Execution Management System (EMS) offers connectivity to CBOE, C2 Options Exchange (C2) and CBOE Futures Exchange (CFE), as well as other equity and options exchanges in one low-cost platform. Value-add features include rule 15c3-5 risk controls, 12 leg complex orders, specialised index trading tickets and CBOE extended trading hours access.
LiquidityBook, with expertise in designing
Options, a provider of cloud-based IT services to hedge funds, private equity houses, investment banks, trading firms and broker-dealers, is to offer TraderServe’s exchange emulated test environment, AlgoGuard as a managed solution.
AlgoGuard is a solution for the testing of trading algorithms in line with the European Securities and Markets Authority's recent final submission on regulatory technical standards for the financial instrument directive, MiFID II. The MiFID II requirements, which become mandatory from 3 January 2017, necessitate that all trading firms certify that their algorithms have been tested to ensure that they do not create or contribute to disorderly trading
Dovish language from the European Central Bank and language from the US Federal Open Market Committee, interpreted as positive on growth while remaining data dependent, drove markets higher last month, according to the latest Hedge Fund update from GAM.
Global equities rallied strongly with the MSCI World index up 8.0 per cent while the VIX, the so-called fear index, continued to decline from its August high. This continued decline of the VIX implies that investors are less concerned about shocks to the current slow-and-steady growth and low inflation environment and therefore are comfortable again owning risk assets. The US dollar index
Black Mountain’s Direct Lending Solutions are now offered via Software as a Service (SaaS). The firm’s clients include investment managers, credit funds, hedge funds, private equity firms, direct lenders and banks.
"We are excited to bring our leading best practice solutions to more clients with this new offering," says Kevin MacDonald, co-CEO of Black Mountain. "In addition to the deployment speed and cost benefits of the SaaS model, users will have access to new features and enhancements for Direct Lending as they become available."
The new offering comes pre-configured with industry best practices which allow users to manage all
Deutsche Börse Market Data + Services is strengthening its partnership with BSE India (formerly known as Bombay Stock Exchange) by licensing three new BSE market data products.
The new “ultra” products deliver the full chain of pre-trade information and complete post-trade data.
“The new BSE ultra information products were launched to respond to client demand from major international end clients and data vendors for more granular pre-trade information. Under our agreement with BSE India, our clients can license the data under a single license agreement with Deutsche Börse. This helps them keep administrative processes efficient and save costs,” says Georg
On 22 September, the SEC hit RT Jones Capital Equities Management, a St Louis-based investment adviser with a USD75k penalty for failing to have sufficient cybersecurity policies and procedures in place. This led to the personally identifiable information of approximately 100,000 individuals, including thousands of its own clients, being compromised when the web server it used was hacked in July 2013.
The case has been settled, and whilst the fine itself wasn’t mortifying, the potential impact on the firm’s reputation could be significant. The unfortunate reality for investment advisers of all shapes and sizes today is that failure to treat
The number of research providers available on the RSRCHXchange platform, the online marketplace for institutional research, has doubled since its launch in late September, with 100 providers now on board.
RSRCHX offers a rapidly growing number of buy side asset management firms access to a wide range of institutional research content.
Multi-asset in outlook, RSRCHX enables access to a diverse community of research providers including leading economic, strategy and equity research firms. Going beyond traditional sell side research firms, RSRCHXchange has built a new universe of providers including primary and market research, channel checking, and consulting firms, many of whom are
