Solutions
ConvergEx Group has made enhancements to its Closing Price, POV and Abraxas trading algorithms that will seek to optimise client participation in the Nasdaq, NYSE and NYSE Arca opening and closing auctions.
Using historical data and real-time auction imbalance information, ConvergEx’s algorithms can now determine the optimal number of shares to commit to the auctions, to minimise market impact and determine how best to trade the shares that remain in the market.
For the NYSE, the algos also allow discretionary quote orders (D-quotes) to be transmitted electronically to designated floor traders, allowing trades as close to the end of
From 6 October, the Chicago Board Options Exchange (CBOE) will begin including SPX Weeklys options series – expiring every Friday, except the third Friday of each month – in its CBOE Volatility Index (VIX Index) calculation.
CBOE chief executive Edward Tilly made the announcement during his address to attendees at the CBOE Risk Management Conference Europe, currently taking place outside of Dublin.
Currently, only S&P 500 Index (SPX) options with monthly expirations are used in the VIX Index calculation. The inclusion of SPX Weeklys into the VIX methodology will not alter the VIX formula. The addition of Weeklys options
The Quincy Extreme Data service now offers order book data on select Eurex bond and equity futures.
The QED service distributes select Eurex futures in major trading centres in the UK, New Jersey and Illinois at the lowest known commercial latency.
Eurex Order by Order is the first Europe-sourced data feed distributed by the QED service, which already includes eight US-based exchanges.
“We’re pleased to include select Eurex benchmark futures order book data in the QED service,” says Francois Tyc, managing director of McKay Brothers International. “We aim to distance the QED service from the pack through expansive
DigitalTangible, a bitcoin-gold platform and precious metals custodian, has launched its first ever bitcoin and gold digital money marketplace.
Partnering with bitcoin and gold bullion dealer Amagi Metals, DigitalTangible has created the fastest trading platform for physical gold, cash and bitcoin.
With crypto-experienced partners who have already processed well over USD30 million in gold bitcoin customer sales, DigitalTangible’s platform aims to bring greater transparency and speed than traditional online physical gold markets.
Marketplace customers can purchase premium physical one ounce, 99.99 per cent fine gold bullion for premiums as low as 1.87 per cent over spot and with
CME Clearing Europe is the first external client of BNY Mellon CSD, the Belgium-based central securities depositary.
CME Clearing Europe, CME Group's European clearing house, settled its first securities transaction through BNY Mellon CSD in late August.
Article 47.3 of the European Market Infrastructure Regulation (EMIR) requires that margin collateral for a central counterparty (CCP) must be segregated and held by the operator of a recognised securities settlement system, such as BNY Mellon CSD.
Lee Betsill, chief executive at CME Clearing Europe, says: “Our relationship with BNY Mellon CSD is important to us because it means that clients
smartTrade Technologies has released a new version of its order management system (OMS), which has been adopted by clients in Europe, the Americas and Asia Pacific.
smartTrade clients have optimised trading flow by using smartTrade OMS to handle client orders more efficiently across multiple desks, internalise client flows and improve their proprietary hedging strategies. All desks involved in the trading chain can use the tool, making sure that any team members can service the client orders instantly from anywhere in the world.
smartTrade OMS allows clients to implement custom strategies across a large number of orders. It is an
Trading in investment products and leverage products on the European financial markets fell in the second quarter of 2014.
At EUR26.4 billion, the trading volume was down 21.0 per cent compared with the previous quarter.
Exchange turnover was down 9.8 per cent in comparison with the same quarter of 2013, according to an analysis by Derivative Partners Research of the latest market data collected by the European Structured Investment Products Association (EUSIPA) from its members.
The trading volume of investment products on the European exchanges in the second quarter of 2014 was EUR9.4 billion, 35.6 per cent of
iTB Holdings has upgraded the interface for iTBconnect, a platform that connects market participants to the electronic fixed income trading venues of their choice.
The new interface will enable iTBconnect users to display their bids/offers and inventory to electronic fixed income trading venues to improve fill rates, optimise execution prices and maximise distribution, with virtually no fixed costs.
The enhanced interface is designed to meet high volume institutional workflows, offering connectivity to fixed income trading venues and providing users the ability to aggress and contribute to liquidity at these venues. The solution can easily handle a large quantity of
The Hedge Fund Association (HFA) has added prime brokerage firm Concept Capital Markets to its Thought Leadership Council.
Concept Capital Markets joins fellow council members McGladrey and KPMG to empower the HFA’s mission to advance transparency, development and trust in alternative investments.
“We are proud to join the HFA’s Thought Leadership Council in support of the organisation’s mission to unite and speak up for all hedge fund industry participants,” says Jack Seibald, managing member of Concept Capital Markets. “As the HFA continues to grow its regional chapters in the US, Europe, Asia, Australia, Latin America and the Caribbean, Concept
Castle Hall Alternatives, an operational due diligence specialist focused on hedge funds, private equity funds and long-only funds, has teamed up with ReportLab to launch the OpsDiligence platform.
The hosted platform provides clients with access to a detailed live database and in-depth PDF reports, often 50+ pages long. Reports can be generated directly from the database, allowing clients to pull down a publication-quality document seconds after updates to any of the content.
Castle Hall Alternatives specialises in operational due diligence on hedge funds, private equity and long only funds.
“We came to ReportLab for the document creation technology,
