Solutions
Liffe reached a daily volume record of 205,570 contracts in MSCI World Net Total Return (NTR) Euro Index futures on 11 June 2014.
The previous record of 197,264 contracts was set on 14 March 2014.
Liffe has the widest derivatives franchise based on MSCI indices with more than 60 futures and options contracts and is further developing products based on MSCI geographic, sector and factor indices across emerging and developed markets.
In addition to the flagship MSCI World, MSCI Emerging Markets and MSCI Europe index futures, ICE and Liffe offer benchmark futures and options based on an extensive
Customers of Markit’s Portfolio Valuations service can now elect to have their portfolios updated automatically using a realtime trade feed from MarkitSERV.
For permissioned customers, the new connection captures their over-the-counter (OTC) derivative trades processed through MarkitSERV, the electronic trade processing service.
This feature eliminates the need for customers to build a separate trade feed for valuations, thereby significantly reducing costs, onboarding times and discrepancies in trade details.
Padmesh Thuraisingham, managing director of portfolio valuations at Markit, says: “Our customers are very focused on getting value for service and therefore on managing the technology and cost of connectivity
Trading in investment certificates and leverage products on the European financial markets continued to rise appreciably in the first three months of 2014.
At EUR33.4 billion, trading volume was up 25.4 per cent on the previous quarter and 24.4 per cent in comparison with the first quarter of 2013.
This is one of the findings of an analysis by Derivative Partners Research of the latest market data collected by the European Structured Investment Products Association (EUSIPA) from its members.
The members of EUSIPA include: Zertifikate Forum Austria (ZFA), Association Française des Produits Dérivés de Bourse (afpdb), Deutscher Derivate
Rapid Addition’s RA-Cheetah FIX engine is to support DET Technologies’ flagship DET Hub.
The RA-Cheetah FIX engine will underpin the DET Hub trading platform, which provides a modular, high throughput, low-latency solution to clients who are seeking higher transaction rates and consistent response times. Its performance, flexibility and scalability allows DET Hub to be used across a wide range of projects and tasks within the electronic trading community.
Petr Postulka, partner at DET Technologies, says: “Our clients value not only the sector expertise that we provide, but also the partnerships with world-class technology providers that we form in order
The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42.
The warning follows a string of high-profile cases of international banks facing multi-million pound fines for breaking AML (anti-money laundering) rules and sanctions violations.
Soon, however, this heightened level of forensic investigation by legislators and regulators globally is set to cascade down through the financial services sector as a whole — and affect even the smallest firms.
Big Data platforms are increasingly being used by regulators to automate the process of
The majority of swap execution facilities (SEFs), including BGC Derivative Markets, Bloomberg, trueEX, GFI Group, ICE Swap Trade, MarketAxess, Tradeweb, Tradition Trad-X and Tullett Prebon, have now adopted the FIX Protocol.
The FIX Trading Community has been working closely with the investment community since 2011 to develop guidelines on how FIX could be used to trade swaps following the requirement by Dodd-Frank a year earlier for regulated trading of certain swap instruments.
With the commencement of mandatory trading for selected swap instruments this year, this work has resulted in the establishment of FIX as the de-facto standard for swaps
Eurex Clearing, the clearing house of Deutsche Börse Group, has introduced the second release of the new risk system Eurex Clearing Prisma.
Clearing members and clients are now able to benefit from portfolio margining capabilities within an asset class as well as cross-margining between listed fixed income products and the OTC IRS business.
Since the end of May, clearing users can realise margin offsets between listed fixed-income (Schatz, Bobl, Bund, Buxl) and money market derivatives (Eonia, Euribor), i.e. the entire euro-denominated interest rate curve. Simultaneously, they can also use their existing portfolios in these interest-rate derivatives traded at Eurex
Wexford Capital has selected SS&C GlobeOp to provide an expanded suite of services including middle- and back-office, regulatory reporting and investor solutions for the firm’s private equity funds and hedge funds.
Wexford, headquartered in Greenwich, Connecticut, manages over USD4 billion in assets.
SS&C GlobeOp previously delivered various back-office services to support Wexford's hedge funds. The terms of the revised agreement will allow Wexford to leverage many of SS&C's capabilities to act as an outsourced operational, middle- and back-office provider and fund administrator. SS&C will hire a number of Wexford employees to augment the team that will service Wexford.
The European Energy Exchange (EEX) and Eurex Exchange have jointly decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority interest of 62.57 per cent.
The move will give customers access to a large and standardised offering of commodity derivatives contracts via one platform.
The agricultural derivatives currently tradable on Eurex Exchange will be offered on EEX from 2015.
Eurex Exchange’s product portfolio comprises futures on potatoes, skimmed milk powder, whey powder, butter, hogs and piglets. All contracts are quoted in Euro and are settled in cash. Market indices which reflect the underlying
Interest rate swaps platform Trad-X has hit record trading volumes for US dollar interest rate swaps.
In May, Trad-X executed 680 trades equating to a notional of USD37 billion.
These electronically executed trades accounted for almost 24 per cent of all USD trades at Tradition.
Since Trad-X USD was launched, the platform has executed well over 6,000 US dollar interest rate swap trades, worth a notional value in excess of USD290 billion.
Daniel Marcus, chief executive of Trad-X, says: “The introduction of regulatory requirements to trade interest rate swaps on SEFs in the US has shown a
