Solutions
MarketAxess SEF Corporation’s self-certification of available-to-trade determinations for certain credit default swap (CDS) contracts is now self-certified, according to the Commodity Futures Trading Commission (CFTC).
The CDS contracts included in MarketAxess’ MAT Determination were previously determined to be made available to trade as a result of an earlier MAT Determination submitted by TW SEF LLC (Tradeweb) that was self-certified on 27 January 2014.
Under Commission regulations, these CDS contracts, whether listed or offered by MarketAxess or any other swap execution facility (SEF) or designated contract market (DCM), will become subject to the trade execution requirement under section 2(h)(8) of
CBOE Futures Exchange plans to launch trading of futures with weekly expirations on the new CBOE Short-Term Volatility Index (VXST) on 13 February, pending regulatory review.
Chicago Board Options Exchange developed the index in response to demand for Weeklys options generally, and volatility contracts that measure a shorter time period in particular.
Like CBOE's flagship CBOE Volatility Index (VIX Index), the Short-Term VIX Index reflects investors' consensus view of expected stock market volatility using CBOE's proprietary VIX methodology.
Both indexes use S&P 500 Index (SPX) options in their calculations. The VIX Index uses SPX monthly options to measure expectations
Traiana has entered into a strategic alliance with Confisio Managed Services to provide a middleware trade reporting solution to Confisio clients in Cyprus ahead of the impending 12 February EMIR deadline.
Confisio and Traiana's TRConnect service is a middleware trade reporting solution to achieve accuracy and certainty of compliance for buy and sell side firms.
A delegated reporting infrastructure enables participants to keep trade repositories up to date across the trade lifecycle.
The solution is designed to automate the challenges around UTI sharing and LEI generation/tagging and delegated reporting for EMIR compliance.
“I am excited about this
Liquid Holdings Group has launched version 3.6 of its Liquid platform, which integrates order and execution management with real-time risk, reporting, shadow NAV, and managed services in the cloud.
The updated platform now delivers a more comprehensive toolkit of pre-trade risk and compliance controls, more robust options trading capabilities, and expanded global equities markets coverage.
With pre-trade risk controls becoming a necessity for hedge fund managers, the Liquid platform provides a fully controlled environment that ensures trading activity does not breach investment mandates prior to placing a trade. In version 3.6, Liquid’s sub-millisecond pre-trade risk engine now includes net
Clearstream has opened up settlement to Russian corporate bonds its direct link to the Russian central securities depository, the National Settlement Depository (NSD).
In addition, Clearstream will work with its international central securities depository (ICSD) counterpart to ensure an effective linkage – known as the Bridge – between the two ICSDs.
The Bridge enables customers to easily settle transactions between accounts at the two ICSDs and will thus help increase liquidity flow in the Russian market.
The introduction of settlement for corporate Russian bonds, coupled with a firm commitment to establish the Bridge between the ICSDs in the
Singapore Exchange (SGX) is celebrating the 20th anniversary of its global benchmark SICOM Rubber Futures this year, on the back of multiple records achieved in 2013.
From production to trading, rubber had its roots firmly planted within Singapore from the early half of the 1900s.
In 1994, the Singapore Commodity Exchange (SICOM) was formed to assume the role of the Rubber Association of Singapore, which was the price discovery centre for the natural rubber trade.
In these two decades, the SICOM Rubber Futures contracts served the trading and hedging needs of physical market participants.
Trading interest
Wharton Research Data Services (WRDS) has added Morningstar CISDM data to its data offerings.
WRDS, a part of the Wharton School of the University of Pennsylvania, provides instant access to over 200 terabytes of data across finance, marketing, and economic disciplines for over 30,000 users in 32 countries.
The Morningstar CISDM Database allows for tracking of qualitative and quantitative information for more than 6,000 hedge funds, funds of funds and CTAs since 1994. In addition to the current funds, Morningstar CISDM includes a graveyard database of dead funds, providing robust information for over 13,000 inactive hedge funds.
“WRDS
FSMLabs’s TimeKeeper Cloud is now available on AWS Marketplace.
FSMLabs provides customers using TimeKeeper Cloud on Amazon Web Services (AWS) improved efficiency, scalability, and cost effectiveness for financial trading, gaming, and database applications hosted in the AWS cloud.
Challenges with cost and scalability are forcing financial trading firms to consider cloud technology, and legacy time synchronisation solutions fail to meet client requirements while it is common to see computing resources deviate from reference time by minutes per day.
FSMLabs’ TimeKeeper Cloud delivers a reliable, accurate, and auditable time synchronisation solution in a cloud-based environment solving complex time synchronisation
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has formed a partnership with Global Relay, a specialist in hosted email archiving, messaging and compliance services.
Global Relay will provide a secure, reliable and compliant message archiving solution as part of the AbacusFLEX private cloud platform.
The partnership offers AbacusFLEX clients integration with Global Relay’s compliance archiving and monitoring solution.
The Dodd-Frank Act requires that hedge funds, private equity funds and investment advisors retain and monitor electronic messages. Now, in partnership with Global Relay, AbacusFLEX clients’ email, Bloomberg, Instant Messenger (IM), mobile
Trading volume in S&P 500 Index (SPX) Weeklys options totalled an estimated 747,616 contracts last week, an all-time daily volume record, according to Chicago Board Options Exchange (CBOE).
The new record surpassed – by 75 per cent – the previous daily record of 426,955 SPX Weeklys (SPXW) contracts traded yesterday.
Prior to this week, the single-day volume record had been 425,270 contracts from 31 May 2013.
SPX Weeklys options have driven tremendous growth in the CBOE’s SPX options complex over the last several years. Average daily volume (ADV) for SPX Weeklys options during 2013 reached an all-time high
