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The London Metal Exchange (LME) has published its first Commitments of Traders Report (COTR) in response to general market demand for broader transparency.
The COTR is designed to reflect the nature of the predominant business activity that LME members and their clients are involved in.
“We are committed to providing the broadest possible market transparency for the metals industry,” says Nick Ong-Seng, managing director of regulation and compliance at the LME.
“As such we have endeavoured to produce a report in line with the industry standard, which reflects as accurately as possible the breakdown of open interest in
Software AG and Adaptive Consulting have formed a strategic partnership combing Adaptive’s front office applications expertise with Software AG's streaming analytics, complex event processing (CEP), in-memory data management and universal messaging solutions.
Matt Barrett, director of Adaptive Consulting says: "Formalising our relationship by becoming a partner made a lot of sense for us. Adaptive's consultants have worked with Software AG's Universal Messaging product for a number of years and found it to be one of the most reliable, performant and feature-rich messaging products available on the market. We are now really looking forward to working with Software AG's product teams
The CBOE Futures Exchange saw record trading volume in CBOE Volatility Index (VIX index) futures during non-US trading hours, with an estimated 68,033 contracts changing hands.
This record surpasses the previous record in non-US trading hours of 59,505 contracts set on 10 July.
In July, volume in VIX futures outside of regular US trading hours averaged more than 19,000 contracts per day, accounting for 9.9 per cent of CFE’s total daily volume.
The trading week for VIX futures at CFE now begins each Sunday at 5:00 pm CT and ends each Friday at 3:15 pm CT. Monday through
The CBOE Futures Exchange saw new single-day volume records for total trading volume exchange-wide at CFE and for futures on the CBOE Volatility Index on 1 August.
Total volume at CFE was an estimated 530,794 contracts traded, which surpassed the previous high of 452,139 contracts traded on 15 April 2013.
For VIX futures, an estimated 527,803 contracts traded, including an estimated record of 68,033 contracts during non-US trading hours. The record trading in VIX futures eclipsed the previous record of 449,955 contracts, also set on 15 April 2013.
Exchange-wide ADV during July was 197,368 contracts, a 46 per
The future of quantitative trading methods is at risk of being indistinguishable from anything else in a transition to a new quant landscape where its success will require significantly more data, says research by TABB Group.
“Micro-market structure arbitrate strategies are near full saturation across all asset classes, products and regions,” says TABB principal Paul Rowady, director of data and analytics (DnA) research who wrote “Propeller-Head Ubiquity: The Next-Generation of Quantitative Trading.”
It details the current landscape, views on the future landscape based on a March 2014 survey of market participants, recent regulatory filings by two leading proprietary trading
The Depository Trust & Clearing Corporation (DTCC) has teamed up with six banks to launch Clarient Entity Hub, which is designed to provide increased controls, standardisation and transparency during the client on-boarding process and ongoing client lifecycle events.
Clarient Entity Hub is owned and operated by Clarient Global, a new DTCC company founded with BNY Mellon, Barclays, Credit Suisse, Goldman Sachs, JPMorgan Chase and State Street.
DTCC’s Matthew Stauffer will serve as the company’s CEO. The founder banks and DTCC have collaborated in the design and development of the utility.
Clarient Entity Hub will enable industry participants worldwide
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has partnered with IP Sentinel, a provider of IT solutions, cybersecurity, monitoring and audit services to regulated entities. 


Cordium and IP Sentinel have entered into this partnership due to the increased demand from clients for advice on safeguarding their infrastructure and the identification of cost-effective solutions for technology issues.
Much of the infrastructure underlying a firm’s ability to comply with financial regulation, such as the maintenance of records and the proper execution of trades, is now technology dependent.
The SEC has put
Chi-X Japan, a wholly owned subsidiary of alternative market operator Chi-X Global, has added two local brokers, Yamawa Securities and Ark Securities, as trading participants.
This brings the total number of trading participants to 23.
Yamawa and Ark will access Chi-X Japan’s market centre through Intertrade’s platform.
Nagahori, chief operating officer of Chi-X Japan, says: “We are pleased to announce that Yamawa Securities and Ark Securities have commenced trading on Chi-X Japan. Since the launch, our strategy has been to provide investors with better prices and price improvement opportunities. Today’s announcement reflects the industry’s demand to lower the
SEC trading rules may be providing dark venues a regulatory advantage over traditional stock exchanges, according to research by The Capital Markets Cooperative Research Centre (CMCRC).
Soon to be published in The Journal of Financial Economics, the paper says that dark pools, by allowing some traders to circumvent time priority, create a queue-jumping advantage that has facilitated their rapid growth at the expense of lit venues.
Author Amy Kwan, CMCRC PhD, says the paper raises concerns that policy settings in the US are inadvertently supporting dark trading over lit. Limit orders submitted to dark venues can execute ahead of
New York-based macro hedge fund manager Atreaus Capital is now live with SunGard’s Hedge360 Risk Reporting Service.
Delivered as a managed service, the Hedge360 Risk Reporting Service provides highly customised daily risk reports, offering transparency to investors and integrated internal risk management to hedge funds.
Trading a broad range of products with an emphasis on FX and commodities, in the form of both OTC derivatives and futures, Atreaus Capital required customised daily risk reporting and monitoring of a broad range of risk measures and limits, on a daily basis, including VaR, sensitivity and exposure limits.
SunGard’s Hedge360 Risk
