Solutions
Eze Software Group has experienced record growth for each of its three product lines in the first year of operations under the Eze Software brand.
In 2013, Eze Software added 83 new Eze OMS clients, 54 new Tradar PMS clients, and 230 new RealTick EMS institutional clients across all major market regions, experiencing especially significant growth in Asia Pacific and Latin America.
It also expanded within each client segment, including traditional asset managers, hedge funds, institutional asset managers, and pension funds.
“This has been an extremely successful year for Eze Software Group on a number of levels,” says
Ingenious Initiatives has issued version 10.1 of Penny – It Works, an accounting software solution for hedge funds, fund administrators, private equity firms, investment management companies and family offices.
Penny Version 10.1’s new features and capabilities helped prompt the company’s recent name change.
Formerly known by its corporate name, TKS Solutions, it recently began doing business as Ingenious Initiatives.
Penny Version 10.1 incorporates unitised partnership calculations and allows hedge fund back offices to manage stock and cash distribution and reinvestment, and benefit from a wide range of other updates.
In Version 10.1, the unitised partnership calculation feature
Private financial cloud provider Options is to offer Quincy Data’s Quincy Extreme Data (QED) service, enabling it to offer data at the lowest known latencies to customers trading across markets in Equinix NY4 and the CME.


Quincy Data is a provider of extremely low latency market data services, powered by the McKay Brothers microwave network.
The QED service sources data from multiple financial exchanges and delivers a normalised feed to colocation centres around the world. To minimise latency, the service provides only key data items for the most liquid instruments.
Options customers can now access market data at
Changes in market structure are prompting institutional investors to consider the potential expensive and disruptive step of changing the technology that services their trading desks.
A new report from Greenwich Associates, Fixed-Income Desks Lead Increase in Tech Spend, Likelihood to Change OMS/EMS Providers, reveals that 30 per cent of the head traders interviewed at 486 buy-side institutions say their firms are considering a change in the providers of their order management systems (OMS) or execution management systems (EMS).
Across institution types, the trend is stronger among investment managers (35 per cent) than hedge funds (29 per cent).
Among
Trader Instinct, Bank of America Merrill Lynch’s global equities trading and consulting platform, is now available to sell-side brokers via Broker-Dealer Instinct, a trading, clearing and order flow management platform.
Broker-Dealer Instinct is a multi-asset platform that provides sell-side firms and their clients access to many of the same electronic trading tools that BofA Merrill’s internal trading desks use, as well as the infrastructure that the firm has built.
“Broker-Dealer Instinct is an easy and more efficient way to meet the needs of the sell-side,” says Jonathan Werts, head of broker-dealer execution. “It connects them to our industry-leading expertise,
In January 2014 the international derivatives markets of Eurex Group recorded an average daily volume of 8.5 million contracts, down from 8.6 million contracts in January 2013.
Of those, 5.5 million were Eurex Exchange contracts (January 2013: 5.9 million), and 3.0 million contracts (January 2013: 2.7 million) were traded at the US-based International Securities Exchange (ISE).
In total, 121.6 million contracts were traded at Eurex Exchange and 62.6 million at ISE.
At Eurex Exchange, the equity index derivatives segment totalled 58.4 million contracts compared with 47.9 million in January 2013. The future on the Euro Stoxx 50 Index
BATS Global Markets and Direct Edge completed their merger on 31 January, creating one of the world’s largest stock exchange operators.
In January, combined US market share of the BATS and Direct Edge exchanges reached 20.54 per cent compared to US exchanges operated by NYSE Euronext (20.58 per cent) and Nasdaq OMX (20.02 per cent).
In Europe, BATS again finished January as the largest stock exchange with market share of 22.11 per cent.
The combined company, which will operate under the BATS Global Markets brand, is the number one US exchange operator by market share for all exchange-traded
CBOE Holdings has reported new single-day volume records for CBOE Volatility Index (VIX Index) options and the C2 Options Exchange (C2SM).
Options on the VIX Index established an all-time, single-day volume record of an estimated 2,367,764 contracts traded, surpassing the previous record of 1,797,052 contracts traded on 8 October 2013.
C2SM, meanwhile, set an estimated daily record of 662,195 contracts traded, surpassing the previous record of 623,314 contracts traded on 19 April 2013.
VIX Index futures recorded their second-best day ever, with estimated volume of 355,578 contracts. VIX futures’ most active day remains 449,955 contracts traded on 15
Calypso Technology has released an interface to the DTCC’s global trade repository service (GTR) for EMIR (European Markets Infrastructure Regulation) reporting.
DTCC’s GTR, which is one of the six TRs approved by the European Securities Markets Association, offers regulators transparency into the USD650trn OTC market.
The Calypso product is released in advance of the 12 February 2014 deadline for EMIR trade repository reporting for all asset classes. The module is an extension of Calypso’s OTC Clearing Solution for CCPs, clearing members and derivatives end users. It builds on Calypso’s DTCC GTR for Dodd-Frank reporting on OTC derivatives, delivered in
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR124.9bn in January 2014, up from EUR94.6bn in January 2013.
Of the EUR124.9bn, EUR112.9bn were attributable to Xetra (January 2013: EUR85.5bn) and EUR5.8bn were attributable to the Frankfurt Stock Exchange (January 2013: EUR5.2bn).
Order book turnover on Tradegate Exchange totalled approximately EUR6.2bn in January (January 2013: EUR3.9bn).
In equities, turnover reached EUR108.2bn on Deutsche Börse’s cash markets (Xetra: EUR99.7bn, Frankfurt Stock Exchange: EUR2.9bn, Tradegate Exchange: EUR5.7bn). Turnover in bonds was EUR1.1bn, and in structured products EUR1.8bn. Order book turnover in ETFs/ETCs/ETNs amounted to EUR13.6bn.


