Solutions
Michael Zimmerman's hedge fund Prentice Capital believes up to 80 per cent of consumers will embrace mCommerce in 2014, and it anticipates significant increases in the amount of money shoppers spend online via mobile.
This view is supported by research published in a report from mobile ad network InMobi which states that 83 per cent of surveyed respondents plan to use mobile commerce in the next 12 months with a further 48 per cent of respondents using mobile to influence their purchasing decisions.
Michael Zimmerman's Prentice Capital, a hedge fund that invests heavily in consumer retail stocks with strong
Mitsubishi UFJ Fund Services is launching a suite of services for the administration of syndicated loan portfolios using the Wall Street Office (WSO) solution provided by Markit, a financial information services company.
The new solution will enable Mitsubishi UFJ Fund Services to service all trade and portfolio management activity, allowing asset managers to focus on their core role of selecting loans.
The services also eliminate the need for clients to maintain the considerable infrastructure and specialist team required to administer loan portfolios.
The demand for asset servicing solutions for syndicated loans has grown over the past year, as
Union Investment, one of the largest German asset managers for private and institutional investors, has adopted EurexOTC Clear for Interest Rate Swaps (IRS).
The company has been connected as an individually segregated client since end of March and has cleared the first transactions using EurexOTC Clear via its clearing member Deutsche Bank.
Union Investment is the first major asset manager to have fully concluded onboarding using the German clearing framework agreement.
More than 120 further buy-side firms are currently in the connection process to use Eurex Clearing’s OTC service.
Union Investment is a member of the cooperative
BATS Chi-X Europe is introducing a new pricing model on its CXE Lit Order Book, the largest of the exchange’s four European order books.
The changes are in response to higher market volumes and are designed to bring more competitive pricing to more participants.
The pricing, which is effective retroactively from 1 April 2014, applies to UK, Irish, French, Dutch, Belgian, and Portuguese securities. Depositary receipts and ETFs within these listing markets are included. All other pricing remains the same.
Mark Hemsley, CEO of BATS Chi-X Europe, says: “Throughout our short history, BATS Chi-X Europe has driven exchange
Average daily volume (ADV) in VIX futures was 183,612 contracts during March, a 14 per cent increase from March 2013 and a 15 per cent decrease from February's record ADV.
March total trading volume in VIX futures was 3.86 million contracts, a 20 per cent increase from March 2013 and a six per cent decrease from February.
Exchange-wide ADV during March was 183,863 contracts, a 14 per cent increase from a year ago and a 15 per cent decrease from the record ADV in February. Exchange-wide total volume during the month was 3.86 million contracts, a 20 per
Options, a private financial cloud provider for the global capital markets industry, plans to build a giant data centre in northwest Iceland, at the very tip of the Arctic Circle.
As part of the announcement, the IaaS provider also confirmed that it soon plans to approach the Icelandic government with a proposal to take a 100-year lease on an area of land in the Westfjords region of Iceland, a large peninsula famous as the most western point in Iceland.
The data centre, scheduled for completion on 1 April 2018, will be the firm’s first in the Arctic region.
The
Algorithmic trading strategies are taking hold in FX – a development that is providing a boost to proprietary bank trading systems that had been losing market share to multi-dealer trading platforms.
According to a new report, FX Electronic Trading 2014 – Global Trends and Competitive Analysis from Greenwich Associates, 11 per cent of FX market participants now use execution algorithms for some portion of their trading, up from just seven per cent in 2012.
This report is based on the results of more than 1,500 interviews with buy-side FX users.
Greenwich Associates projects that global use of algorithmic trading
Misys has launched a new regulatory reporting service, enabling corporates, fund managers and smaller banks to meet their EMIR-specific reporting requirements.
Offered as a software-as-a-service (SaaS) solution, it enables customers to report to a trade repository on the execution, modification and termination of a derivative transaction, without needing to implement or maintain new systems.
The EMIR regulations makes it mandatory for both parties to a derivative trade to report all new, modified, cancelled and terminated transactions by the close of the following day, with each party responsible for the accuracy of the data reported.
The service from Misys
S&P Capital IQ Real-Time Solutions has extended it QuantFeed and QuantLINK technologies to TMX Group markets and information.
TMX Group includes Toronto Stock Exchange, TSX Venture Exchange, Alpha and the Montreal Exchange.
North America is a core region for S&P Capital IQ Real-Time Solutions’ operations and the company continues to consolidate its presence and offering in the area by providing clients with connections to all major financial institutions, thereby enabling them to operate competitively in the global arena.
S&P Capital IQ Real-Time Solutions currently has over 130 real-time feeds from exchanges, brokers and index providers around the globe.
The Over-the-Counter (OTC) Derivatives Regulators Group (ODRG) has issued a report that identifies the current list of remaining cross-border implementation issues related to global reform of OTC derivatives markets.
The ODRG is made up of authorities with responsibility for the regulation of OTC derivatives markets in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland, and the US.
The report also includes a summary of the status of such issues and a timetable for addressing them through a series of reports to the G20 Finance Ministers and Central Bank Governors over the course of 2014.
