Solutions
There is an air of cautious optimism as market conditions improve, commission wallets nudge higher, assets return and volumes stabilise, according to research from TABB Group.
However, broker lists remain under pressure and the hunt for blocks of natural liquidity remains difficult.
TABB chief executive and founder Larry Tabb, who wrote part two of the firm’s annual US institutional equity trading benchmark study, says that despite recent gloomy news, the immediate outlook for the broker community is more bullish than in recent years.
“The TABB Equity Broker Index, monitoring whether we’re bullish or bearish on the US equity
Imatchative, founded and led by prime brokerage industry veteran Sam Hocking, has launched AltX, an online solution for ensuring institutional investors are connecting with the most appropriate hedge funds.
AltX is a cloud-based, two‐sided automated network that harnesses proprietary algorithms and embraces a behavioural finance methodology to optimise the search for compatibility among hedge funds with institutional investors.
The AltX online platform facilitates a more efficient and less expensive capital allocation process through a combination of Big Data, intelligent analytics and intuitive searches.
AltX also incorporates behavioural science to assess the risk tolerance, investment goals and preferences of
Singapore Exchange’s (SGX) global physical benchmark SICOM Rubber Futures contracts achieved a new record month in June with 40,679 lots traded, surging 53 per cent higher than a year before.
Open interest also achieved a new high on 27 June 2014, hitting 29,679 contracts or 148,395 tonnes.
Volume traded in the first half of 2014 hit 1.06 million tonnes, representing a 30 per cent increase over the same period last year.
The rapidly rising trading interest in the SGX SICOM Rubber Futures market follows increased activity by financial participants including banks and proprietary trading companies – from
Intercontinental Exchange (ICE) has reported a decrease in futures and options average daily volume (ADV) of 26 per cent and 20 per cent, respectively, compared to prior year periods, for the second quarter of 2014.
June commodity ADV declined 14 per cent year to year, despite an 18 per cent increase in Brent ADV and a seven per cent increase in Other Oil ADV.
Financial ADV decreased 33 per cent due primarily to continued low volatility.
In June, NYSE’s US cash equities ADV declined 21 per cent, US options ADV declined 27 per cent year to year.
BATS Chi-X Europe has added several new customers to BXTR, the exchange’s suite of on- and off-exchange trade reporting services.
The service, which covers more than 11,800 reportable securities, has captured significant market share since its launch in November 2013, with an average EUR14.7bn reported each day.
The new BXTR participants include Deutsche Bank, Instinet, KCG and Liquidnet.
These firms join the initial customers who joined the BXTR service when it launched six months ago – Bank of America Merrill Lynch, Citigroup, Credit Suisse, JPMorgan, Morgan Stanley and UBS.
Mark Hemsley, chief executive of BATS Chi-X Europe,
Markit has launched a new service for electronic trade confirmation and exercise management for the FX options market, while will be deployed by MarkitSERV, its trade processing service for the OTC derivatives industry.
Barclays, Citi, HSBC, J.P. Morgan, Morgan Stanley, Nomura, RBS, UBS and major buyside institutions, including Citadel’s Global Fixed Income Fund, are working with Markit to design the new service that will provide electronic legal trade confirmation and an electronic system to manage the exercise processes for FX options.
This post trade solution will help participants reduce operational risk and become more efficient in their management of
The international derivatives exchanges of Eurex Group recorded an average daily volume of 8.0 million contracts in June, down from 10.1 million in June 2013.
Of those, 6.0 million were Eurex Exchange contracts (June 2013: 8.1 million), and 2.0 million contracts (June 2013: 2.7 million) were traded at the US-based International Securities Exchange (ISE).
In total, 126.0 million contracts were traded at Eurex Exchange and 42.0 million at the ISE.
In its largest segment – equity index derivatives – Eurex Exchange achieved 56.4 million contracts (June 2013: 68.3 million). The single largest derivatives contract was the future on
Intercontinental Exchange (ICE) has completed the transition of Liffe US futures and options contracts to the ICE futures exchanges, trading platform and clearing infrastructure.
The Liffe US MSCI equity index and precious metal contracts were transitioned to ICE Futures US and ICE Clear US on 30 June 2014, where they trade and clear alongside ICE’s agricultural commodity and Russell index futures and options contracts.
The transition of Liffe US MSCI equity index and precious metal contracts involved the organisation’s global customer base with 500,000 contracts being transferred to ICE Clear US and an additional USD1.9 billion margin transferred to
BlueBay Asset Management, a manager of fixed income and alternative investment products, has chosen Confluence’s Unity NXT regulatory reporting solutions to automate its data reporting processes.
BlueBay will use Unity NXT AIFMD Transparency Reporting, Unity NXT Form PF Reporting and Unity NXT Form CPO-PQR Reporting to collect its data and file the required reports.
Unity NXT regulatory reporting solutions solve complex data aggregation and reporting challenges, including those associated with AIFMD, Form CPO-PQR and Form PF reporting. These solutions are designed to provide asset managers with completeness, accuracy and control over each respective reporting process, assisting them in the
Thomson Reuters and ICAP Information Services (IIS) have renewed a distribution agreement which adds new electronic data sources to the 19901 service – a reference source for USD interest rate swaps and US Treasuries.
The 19901 service now provides Thomson Reuters clients with exclusive access to a leading swap data service using the following ICAP data sources: i-Swap, the electronic platform powering ICAP’s swap execution facility (SEF); the voice brokered “request for quote” swap market; and executable prices for US Treasury securities from fixed income electronic trading platform BrokerTec.
Market participants using Thomson Reuters Eikon, the company’s flagship financial
