Solutions
The US Patent Office has awarded Green Key Technologies a patent for the design of its OTC liquidity allocation process called Decline Ratio Matching.
Within Green Key’s Block Pool, a quote management platform used by OTC derivative participants, brokers are able to rank traders in the matching algorithm according to performance metrics such as their “decline ratio” by dragging them up or down in a GUI.
“The problem with indicative markets is the no obligation-optionality embedded into each market maker quote. Since quotes are not the same as firm orders, brokers are often probed with indications from traders searching
The London Metal Exchange (LME) has delivered the systems modifications to support its members and clearing house in response to the European Market Infrastructure Regulation (EMIR) requirements.
The on-schedule delivery of the technology changes means that LME members can make necessary modifications to their own systems in advance of EMIR coming into force.
"We are pleased that the changes were successfully implemented on schedule," says Robin Paine, chief technology officer at the LME. "This delivery is testament to effective collaboration between the LME, its partners and the regulators. We will continue to work closely with members, the clearing house
Ledgex Systems, a provider of portfolio management solutions for fund of funds and multi-fund managers, has released the next generation of the Ledgex portfolio management platform.
Ledgex’s integrated suite delivers new liquidity management and manager research modules that give firms real-time visibility into their existing and proposed portfolio liquidity options while providing the research and analytics that support the manager selection process.
Effectively managing liquidity and reporting within investment portfolios has been a struggle for fund of funds, institutional investors, pensions and endowments. The Ledgex Liquidity module solves this challenge by providing an advanced liquidity modelling utility and reporting
Eze Castle Integration has published its 2013 Global Hedge Fund Technology Benchmark Study, which provides insight into front, middle and back office technology choices at buy-side firms.
Based on data collected from 538 firms located in the US, UK and Asia, respondents revealed their preferred technology solutions in a range of categories including market data, portfolio accounting, order management, archiving, mobile technology and more.
Eze Castle Integration asked survey participants to detail their use of front, middle and back office technologies.
Key data points include:
· Portfolio accounting: Fifty-four per cent of respondents are using an Advent Software
Northern Trust has enhanced its collateral management system to include forward settling mortgage-backed securities (MBS) in response to new margin recommendations affecting asset managers that use the securities in a variety of fixed income trading strategies.
Offered as a component of investment operations outsourcing for asset managers, Northern Trust's collateral management service supports two-way variation margin recommended as of 31 December 2013 by the Treasury Market Practices Group (TMPG), which is sponsored by the Federal Reserve Bank of New York to establish best practices for the Treasury, agency debt and agency MBS securities markets.
The forward-settling nature of most
Landbank of Taiwan, Mega International Commercial Bank and Bank of Taipei have appointed Calastone for the execution of offshore fund transactions via the Taiwan Depository Clearing Corporation (TDCC) fund order routing service.
TDCC official figures show Calastone now has 32 fund ranges connected through the TDCC, which is significantly more than any other service provider operating in Taiwan.
Higher fund coverage allows distributors selecting Calastone to immediately maximise their offshore fund automation rate, allowing them to drastically reduce their operational costs and risks while improving their service levels.
Calastone now handles over one million funds messages per month
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has expanded its application hosting service partnership network.
The Abacus partnership programme provides hedge fund and private equity firms with access to fully hosted and managed business applications on the AbacusFLEX private cloud platform.
By increasing its application hosting service, Abacus offers greater overall business and workflow efficiency to fund managers. Hosting applications in the private cloud also ensures better system resiliency, redundancy and data back-up capabilities, while providing support services from round-the-clock IT staff.
The AbacusFLEX private cloud platform enables funds to
Ten out of 13 Lyxor Indices ended the month of November in positive territory, led by the CTA Long Term Index (+4.2 per cent), the L/S Equity Market Neutral Index (+1.7 per cent) and the CTA Short Term Index (+1.6 per cent).
The Lyxor Hedge Fund Index posted a positive performance close to one per cent in November (+5.8 per cent YTD).
Financial markets remained conducive to hedge funds in November. Macro data published over the month was mixed but monetary policy kept erring on the dovish side particularly in Europe where the ECB cut the refi rate. The
DealVector, a provider of a secure electronic communication network for the fixed income and structured credit space, has launched InvestorLink to streamline communication in the structured credit markets.
Created primarily for issuers, collateral managers and trustees, InvestorLink opens a direct communication channel between deal administrators and holders.
InvestorLink allows deal administrators, investors, lawyers and other affiliated parties to create asset-specific micro-sites to communicate with holders about an upcoming event. An InvestorLink micro-site allows the author to describe the event and actions required, make pertinent documents available for download, and create a customised URL for distribution through DTCC, Euroclear, Clearstream
The presence of high-frequency traders improves market fairness by reducing end-of-day price dislocation, according to research from the Capital Markets Cooperative Research Centre (CMCRC).
Professor Michael Aitken (pictured), CMCRC chief executive, says that end of day (EOD) price dislocations whether they occurred by fair means or foul were troublesome for markets and that any market structure change which mitigates the incidence of such changes should be seen as a positive outcomes for the marketplace.
“EOD prices are often used to determine the expiration value of directors’ options, the price of seasoned equity issues, evaluate broker performance, calculate net asset
