Solutions
Traiana, a provider of pre-trade risk and post-trade processing solutions, has launched an enhanced version of CreditLink with new functionality designed for buy-side market participants trading on swap execution facilities (SEFs).
The enhanced version includes services to streamline post-trade processing of SEF trades, manage the allocations process for bunched orders, and the ability to monitor limits across the entire trade lifecycle.
Buy-side clients complying with mandatory SEF trading are wrestling with new processes for executing, clearing and allocating swaps, with significant added complexity for traders, middle office and risk managers.
The updated release of CreditLink, currently in production,
Chicago Board Options Exchange (CBOE) plans to introduce PM-settled, end-of-month options series (EOM) – with expiration dates falling on the last business day of the month – for its S&P 500 Index (SPX) options.
CBOE is adding SPX EOM options to its SPX options product line in response to requests from asset managers who want to more precisely match SPX option expirations to end-of-month fund cycles and fund performance periods.
"End-of-month options represent another dimension to our extensive S&P 500 Index options complex, which includes our flagship SPX contract, SPX end-of-week, SPX end-of-quarter and SPX LEAPS contracts. Each of
4th Story has introduced a new set of tools that aim to simplify workflow and improve efficiency for analysts and portfolio managers.
The tools are targeted at the cumbersome, repetitive tasks that are necessary for PMs to stay abreast of the market and its interaction with the portfolios they manage. The integration of dynamic data from multiple sources often involves complex spreadsheets and repeated tedious interaction with third party terminals and platforms.
The new 4th Story tools build on the firm’s analytic capabilities to automate these tasks and produce reports that are both visually engaging and portable.
“Our
The international derivatives market Eurex Exchange is expanding its interest rate derivatives segment with the addition of physically deliverable Euro-Swap Futures, available from 1 September.
The new Euro-Swap Futures contracts are based on euro-denominated interest rate swaps with varying maturities (two, five, 10 and 30 years) and fixed rates.
On maturity of the futures contracts, a standardised euro-denominated interest-rate swap with the corresponding maturity and a fixed interest rate against a variable six-month Euribor rate will be delivered.
“The Euro-Swap Futures provide our participants with a cost-effective product which tracks the risk of the underlying with the margin
Customers of Enyx will now be able to access nxFeed, the firm’s ultra-low latency FPGA-based market data distribution system, through Options’ Velocity market connectivity and application hosting service.
The solution enables users to access, via a single API, an ultra-low latency feed of filtered, normalised market data for ten key US equities markets (NYSE, Arca, Amex, NASDAQ, BX, PSX, BATS BYX, BATS BZX and Direct-Edge EDGA and EDGX), offering the levels of jitter-free and performance of FPGA technology while maintaining feature and accessibility levels offered by conventional software solutions.
The service is initially being offered from Options co-location facilities
Eurex Exchange, the international derivatives market of Deutsche Börse Group, is to extend its product range by introducing foreign exchange (FX) derivatives as a new asset class.
Effective 7 July 2014, exchange-traded currency futures and options will be offered on the following main currency pairs: EUR/USD, EUR/GBP, EUR/CHF, GBP/USD, GBP/CHF and USD/CHF.
“With this step we are making a further important contribution to increasing the transparency and safety of financial markets. We have tailored our products to market practices and want to provide efficient and effective access to our marketplace,” says Mehtap Dinc, member of the Eurex executive board.
The European Energy Exchange (EEX) and the Kazakh commodity exchange Caspi JSC have concluded a cooperation agreement.
Signed on 15 May 2014 at the International Carbon Forum in Astana, Kazakhstan, both companies expressed their joint commitment to develop exchange-based emissions trading within the Kazakh emissions trading scheme.
“EEX supports the use of market-based instruments in climate policy and the long-term vision of a globally-linked emissions market,” says Peter Reitz, chief executive officer of EEX. “Therefore, we appreciate Kazakhstan’s engagement as the first Asian country to launch a national carbon market and are glad to support the development of Caspi
DoubleLine Capital has licensed Vichara Technologies’ V*CLO platform for analysis of collateralised loan obligations (CLOs) and their underlying collateral pools.
“The DoubleLine fixed income teams require IT solutions that can be customised to our investment approaches and existing platforms,” says Casey Moore, chief technology officer of DoubleLine. “In the CLO space, there are several systems that collect similar data points, generate canned reports and perform various degrees of analytics. Vichara’s V*CLO platform was customisable to our needs, enabling us to quickly stratify the CLO universe into our targeted cohorts for analysis by our analysts, traders and portfolio managers. In addition,
Calastone has implemented its Proquote connection, providing real-time market data coverage of the global markets with integrated trading supporting a number of exchange venues.
The connection with Proquote, which is owned by the London Stock Exchange, has already seen Investec Wealth & Investment (IW&I), which is part of the Investec Group, send through over 75 per cent of their order routing volumes via automation.
In 2013, Calastone connected with Proquote enabling their clients who trade in mutual funds to send trades to the market via straight-through-processing (STP). Calastone built the initial FIX connection in partnership with Investec WI, who
European Central Counterparty (EuroCCP), the largest cash equities central counterparty in Europe, will be clearing trades executed on London Stock Exchange (LSE).
Firms using EuroCCP to clear UK equities trades executed on Aquis, BATS Chi-X, Equiduct, GETMatched, Sigma-X, SmartPool, Turquoise and UBS MTF will be able to direct LSE trades to EuroCCP and save at least 50 per cent on settlement costs.
Through cross-platform netting by EuroCCP, all trades in the same UK stock, regardless of where they are executed, can be netted with LSE trades into one single settlement obligation.
In April EuroCCP became the first authorised
