Solutions
Euronext has launched an enlarged suite of single stock futures on a range of its most liquid Euronext listed stocks.
The launch enhances the existing offering of individual equity options, index futures and options.
This initiative will offer market participants a broader choice of marketplaces for single stock futures and will provide the trading community with significant efficiencies through the combination of Euronext’s trading engine UTP, and clearing of resulting trades through LCH Clearnet, the European central counterparty.
It is envisaged that the initial offer of 86 single stock futures will be expanded over time to meet growing client demand
In an effort to simplify its electronic options trading platform, BofA Merrill Lynch has consolidated its options algo offering into four strategies: Clean Sweep, Fast Sweep, Delta-Adjusted and Smart Spreads.
The strategies have incorporated more flexibility while minimising complexity and allow for full customisation.
“Options traders are looking for sophisticated strategies without all the intricacies on the front-end,” says Jonathan Werts, head of electronic derivatives. “In response, we’ve revamped our algo offering by reducing parameter complexity and streamlining the process, making strategy selection more intuitive for traders.”
Clean Sweep and Fast Sweep are liquidity-seeking algos that leverage smart posting
PrimeOne Solutions, a division of CoreOne Technologies, has launched an end-to-end solution for Canadian prime brokers, accommodating the specific interfaces and regulations of the Canadian securities ecosystem.
PrimeOne Canada offers packaged multi-asset class systems and integration to various downstream systems for straight-through processing, including settlement via CDS (Canadian Depository for Securities), as well as industry standard financial control systems in Canada for margin, accounting and risk management.
Additionally, PrimeOne is set up for facilitation of tri-party relationships for collateral held outside of the Prime Broker.
Other features include multi-platform and multi-currency client and MIS reporting over the web,
Kepos Capital has selected MSCI for Open Protocol reporting, an industry wide risk reporting initiative.
MSCI will generate the Open Protocol reports by leveraging Kepos Capital's participation on HedgePlatform, MSCI's hedge fund transparency tool which covers over 1,400 hedge funds, including over 80 of the top 100 global funds.
Matt DesChamps, a founding partner and chief operating officer of Kepos Capital, says: "Having used MSCI's historical data and market-leading risk analytics tool, RiskManager, to assist us in our daily portfolio risk analysis and reporting since our inception, we believe their Open Protocol offering to be the most seamless and
The Commodity Futures Trading Commission’s (CFTC) division of market oversight has announced trueEX’s self-certification of available-to-trade determinations (MAT Determinations) for certain interest rate swap contracts.
This self-certification includes certain interest rate swap contracts made available to trade via an earlier determination that was deemed certified on 16 January 2014, as well as additional swap contracts.
Under Commission regulations, the additional swaps in this MAT Determination, whether listed or offered by trueEX or any other designated contract market (DCM) or swap execution facility (SEF), will become subject to the trade execution requirement under section 2(h)(8) of the Commodity Exchange Act
FX Transparency (FXT) has released FXT Analytics, a hosted application that will allow clients to create their own custom reports as well as explore new ways to reduce trading costs.
Built to help investors demonstrate FX best-execution efforts, the application allows users to select a subset of their trades based on 19 different filtering criteria, including ticket size, custodian-executed trades, and execution algorithm.
"The common thread among our clients was a need for them to build a report on a subset of trade data," says John Galanek, the firm's chief operating officer. "For the asset owner, that might mean
NorthStar Financial Services Group has launched a new subsidiary, Gemini Alternative Funds, which serves as a centralised platform for delivering a wide range of operational services to the alternative investment community.
The platform offers transparency, risk management and monitoring, distribution, fund structuring, liquidity enhancement and uniform operational set-up services from a single location.
By obtaining these services from one source, alternative fund managers can help protect themselves from complex investment activities and increase operating efficiency and accuracy.
"With investors increasingly turning to alternative strategies, more alternative managers are joining managed account platforms to obtain access to the high-level
UBS Fund Services has signed agreements with SunGard and HazelTree to offer UBS Frontier Platform – a front and middle office solution.
Developed in conjunction with SunGard’s Hedge 360 and HazelTree, UBS Frontier Platform will be offered in the Americas, APAC and Europe to enhance UBS Fund Services’ product suite.
This provides extended portfolio management, real-time P&L, desk level risk, treasury cash and collateral management solutions, trade administration, data management, pricing and reporting either as a software solution or as a managed service.
Michael Rucci, head of UBS Fund Services, Americas, says: “Working with SunGard and HazelTree will
More than 120 buy-side firms signed with EurexOTC Clear, Eurex Clearing’s central counterparty service for Interest Rate Swap (IRS), by the end of 2013.
In addition, a total of 32 clearing members including all major global sell-side banks are connected.
Further clearing members are in the admission process, ensuring broad market support among sell- and buy-side firms for EurexOTC Clear.
“We are very pleased about the strong market interest to join our service well ahead of the clearing mandate in Europe. This proves Eurex Clearing’s appealing proposition to our customers, especially to buy-side firms across Europe. By joining
CITIC Capital has launched CCTrack Solutions, a multi-strategy hedge fund platform aimed at institutional investors in North America, Europe and Asia.
The new platform combines the resources and expertise of CITIC Capital and senior management including Ron Dirusso and Robert Savage, who are foreign exchange (FX) veterans with extensive experience at financial institutions.
CCTrack will be a quantitative provider for FX Overlay, Risk Parity and alpha generation from short-term trading to relative-value skew positioning in global liquid markets covering FX, commodity, bond and equity and futures. The model approach strives to hedge client portfolios using quantitative strategies reducing correlation
