Solutions
CBOE Futures Exchange is to extend trading hours for CBOE Volatility Index (VIX Index) futures to nearly 24 hours a day, five days a week, starting 22 June.
In March, CFE announced 22 June as its planned launch date.
The trading week for VIX futures at CFE will begin each Sunday at 5:00 pm CT and end on Friday at 3:15 pm CT. CFE will close for 15 minutes between 3:15 pm CT and 3:30 pm CT, Monday through Thursday, after which the next trading day will begin at 3:30 pm CT.
"We've been very encouraged by the
The Securities and Exchange Commission (SEC) has charged dark pool alternative trading system operator Liquidnet with improperly using subscribers’ confidential trading information in marketing its services.
Regulations require an alternative trading system (ATS) to establish and enforce safeguards and procedures to protect the confidential trading information of its subscribers.
Among them is limiting access to subscribers’ data to employees who operate the ATS or have a direct compliance role.
An SEC investigation found that Liquidnet violated its regulatory obligations and its own promises to its ATS subscribers during a nearly three-year period when it improperly allowed a business
Pershing has launched its Alternative Investment Center, the latest addition to an expanding suite of alternative investment solutions, at its INSITE 2014 conference in Hollywood, Florida.
Pershing's Alternative Investment Center, which can be accessed through NetX360, the firm's technology platform, provides advisors access to the educational resources, research and tools required to provide solutions for their clients seeking alternative investment strategies.
Pershing has also added new alternative investment asset classess to FundVest 200, the firm's research-driven list of no-transaction fee mutual funds, including domestic and international real estate, credit/event-driven, managed futures, absolute return and multi-strategy funds.
Investor appetite
FSMLabs and Spectracom have formed a new partnership to address the most complex synchronization challenges for time-sensitive network operations.
As the first step, Spectracom has launches a 10 gigabit-per-second high-accuracy network clock that integrates FSMLabs software with its GPS timing technology and high speed network interfaces. This combination sets a new standard for network performance and dependability in critical enterprise network applications.
The collaboration between Spectracom and FSMLabs addresses the requirements of demanding data centre operations that depend on speed, security and availability in parallel with the delivery of exceptional performance relative to low latency and high packet speeds
Alternative asset management firm Sandell Asset Management has chosen SunGard’s Hedge360 for its portfolio management platform.
Hedge360 will enable Sandell to automate processes and offer a hosted, enterprise-wide solution that fully integrates with its trading, risk and operations.
“Reducing our operational costs, strengthening our infrastructure while supporting complex instruments and multiple strategies is on top of our firm’s agenda. As a highly customised solution, Hedge360 meets all of our requirements to help us increase operational efficiency while offering scalability critical to our future business activities,” says Rick Ecklord, senior managing director, Sandell Asset Management.
“Transparency and accountability becoming
SS&C Technologies is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group, which assists funds of all types with Form PF, FATCA, AIFMD and other compliance and reporting rules.
Recent additions in the first quarter of 2014 take the total number of customers to more than 150 customers and 2,000 funds.
“We’ve relied on SS&C GlobeOp for fund administration services for many years, and using their regulatory services has enhanced our ability to better serve our customers while ensuring compliance with the numerous regulatory changes. This is a critical measure of our success,” says Robert Swan, chief
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR96.1 billion in May 2014, down from EUR109.2 billion in May 2013.
Of the EUR96.1 billion, EUR88.4 billion were attributable to Xetra (May 2013: EUR99.5 billion).
EUR3.9 billion were attributable to the Frankfurt Stock Exchange (May 2013: EUR5.4 billion).
Order book turnover on Tradegate Exchange totalled approximately EUR3.8 billion in May (May 2013: EUR4.3 billion).
In equities, turnover reached EUR84.2 billion on Deutsche Börse’s cash markets (Xetra: EUR78.9 billion, Frankfurt Stock Exchange: EUR1.8 billion, Tradegate Exchange: EUR3.5 billion). Turnover in bonds was EUR1.0 billion,
May 2014 average daily volume (ADV) and total monthly volume in futures on the CBOE Volatility Index (VIX Index) and total exchange-wide at CFE have fallen since May last year.
Average daily volume in VIX futures was 143,946 contracts during May, a one per cent decrease from May 2013 and a 19 per cent decrease from April 2014.
May total trading volume in VIX futures was 3.02 million contracts, a six per cent decrease from May 2013 and a 19 per cent decrease from April 2014. Year-to-date, VIX futures total volume of 19.14 million contracts is 16 per cent
The Commodity Futures Trading Commission has issued an order granting a request from ICE Clear Europe regarding portfolio margining of futures and foreign futures contracts.
The order, which is pursuant to Section 4d(a) and (b) of the Commodity Exchange Act, amends an earlier order dated 15 October 2012, which set forth terms and conditions under which ICE Clear Europe and its clearing members that are registered futures commission merchants may (1) commingle in an account subject to Section 4d(a) and (b) (a futures customer account) positions in futures and options, and foreign futures and foreign options, and related customer money,
First Derivatives, a provider of software and consulting services to the capital markets industry, has launched an integrated trade execution, risk management and surveillance solution for FX markets.
The solution enables brokers to provide value-added services to their clients by monitoring for unauthorised trader activity, detecting unusual trading patterns and offering a sandbox environment for testing and validating new trading models.
Combined with its accompanying market replay facility for forensically reviewing historical trading patterns, this integrated offering enables brokers to meet their regulatory obligation to provide a fair and efficient trading venue for their clients and liquidity providers alike.
