Solutions
The London Metal Exchange (LME) is taking steps to boost liquidity on its traded options market, increasing the transparency of data reporting and providing greater protection for participants placing large options orders on the Exchange.
The LME plans to enrich published data for matched traded options to provide greater granularity, and the Exchange’s detailed reports on options will be expanded to include the expiry date, premium and type of option. The LME will also increase the number of times its matched trades report is released throughout the day to allow more comprehensive analysis of daily volumes.
“The LME is
The Boston Company Asset Management LLC. (TBC), a subsidiary of Bank of New York Mellon Investment Management, has selected Portware Enterprise to support its global equities and FX trading.
Through an integration with Portware’s Alpha Vision, TBC can monitor real-time market conditions to maximise execution performance, increase trading efficiency through cutting edge visualisations and better manage broker commissions.
Portware was selected as The Boston Company’s multi-asset trading solution after a competitive evaluation for its industry-leading trade analytics, advanced transaction cost analysis (TCA) and adaptability to address TBC’s complex and unique workflows. TBC specialises in traditional and alternative strategies that
2015 has been a big year for Concept Capital Markets, LLC. Earlier this year, the firm entered into an agreement to be acquired by Cowen Group, a leading growth investment bank and alternative investment manager with a heritage dating back to 1918.
Through its acquisition of Concept Capital, Cowen will add a significant prime brokerage arm to its overall offering.
"Cowen is a notable name in the institutional equity research, sales, trading and investment banking business through its Cowen and Company brokerage, as well as in the alternative asset management space through its Ramius investment adviser," explains Jack Seibald (pictured),
Exchange Date International (EDI) is to provide Market and Corporate Actions data to AQMetrics clients through AQMetrics cloud based risk and compliance software.
AQMetrics delivers turnkey Pre and Post Trade Monitoring for Reg NMS, OATS and OTS reporting, UCITS Rules Monitoring, AIFMD Risk Management and Annex IV Reporting, AML/KYC and UBO monitoring, EMIR Reporting and OPERA Reports. Using AQMetrics firms can: track investor activity, orders, executions and holdings from pre to post trade; receive risk alerts and notification of compliance breaches; and gain access to a dedicated team of industry specialists who assist in the simplification of regulatory risk and
Independent execution broker and research provider ITG’s multi-asset platform for global listed and OTC assets, ITG RFQ-hub, has expanded its network of liquidity providers and is extending its footprint in North America.
ITG RFQ-hub connects buy-side trading desks and portfolio managers with a large network of sell-side market makers (liquidity providers), allowing them to place requests for quotes (RFQs) in negotiated equities, futures, options, swaps, convertible bonds, structured products, commodities and securities lending.
Over the past few months, ITG RFQ-hub has added eight sell-side liquidity providers in the US and 10 new sell-side liquidity providers in the EMEA region.
Digital Realty Trust and GMEX Technologies are to establish multiple global hubs for new product exchanges and trading venues in Digital Realty’s facilities. The first hub will be located in London at Digital Realty’s Chessington data centre.
The London trading hub will enable established communities to access and trade emerging markets securities easily, cost-effectively, and securely from a central location. Market operators will be able to expand beyond their own geographical boundaries and provide new opportunities for market participants to access a wider range of asset classes – including securities, commodities, derivatives, and FX.
“Building on our established capital
Securities and corporate actions reference data provider Exchange Data International (EDI) has added equity analytics data, Worldwide Equity Analytics, to its comprehensive securities data offering.
This new service enables clients to identify the sources of risk and returns in their portfolios and project their volatility. It comprises a customisable set of more than 60 equity derived data fields such as Average Daily Volume, Simple Moving Averages, Alpha, Beta, and R-squared.
In addition to the analytics data, the service contains key reference and pricing data providing clients with a comprehensive overview of the global equity market.
Chief Executive Officer Jonathan Bloch
Multifonds is expanding its core transfer agency (TA) solution, Multifonds Global Investor (MFGI), to meet the needs of its asset servicing clients as they seek to consolidate and rationalise their TA processing systems.
Since the launch in 2012, the MFGI client base has grown by more than 80 per and assets on the platform have increased by 50 per cent. MFGI now supports more than USD1.8 trillion in assets across 20+ global fund domiciles; specifically MFGI has more than 20 per cent market share in Luxembourg and Ireland.
With the regulatory change agenda putting pressure on margins, service providers
Cowen Prime Services (formerly Concept Capital Markets) has won the Hedgeweek USA Award 2015 for “Best North American Prime Broker.” This is the second time the firm received this distinction this year, having also won it at the Hedgeweek Global Awards.
It also extends the string of similar awards earned from Hedgeweek in recent years.
Jack D Seibald (pictured), Managing Director and Global Co-head of Prime Brokerage Services, says: “We are honored for this recognition by Hedgeweek readers for our prime brokerage capabilities. As our clients’ trusted partner, we take our responsibility very seriously. We provide robust custody, execution
While CFTC Commissioners and staff have in the past asserted that the CFTC has jurisdiction over bitcoin derivatives in speeches and testimony, for the first time the Commission has issued a definitive finding that bitcoin derivative exchanges must register as a SEF or designated contract market.
The CFTC will now uphold the laws and regulations of the Commodity Exchange Act for all derivative bitcoin trading venues
“This begins a new chapter in the evolution of the bitcoin market,” says Palu L Choue, CEO LedgerX. “This demonstrates that bitcoin is a new commodity subject to CFTC jurisdiction and that
