Solutions
Barclays has launched an enhanced Legal Segregation with Operational Commingling (LSOC) with Excess model at CME Clearing for its over-the-counter (OTC) derivatives clearing clients.
Barclays has worked closely with multiple clearing houses to develop and meet client demand for an enhanced LSOC with Excess model, which allows client-specific excess value to be used to cover margin requirements, including a client’s variation loss.
Clients will benefit from a stronger level of collateral protection on excess balances held at the clearing house and greater operational simplicity.
“The enhanced LSOC with Excess model means that we can not only offer clients
Neonet Securities and LiquidMetrix are to collaborate on the creation of an enhanced suite of trading algorithms.
This partnership will provide clients with the expertise in electronic trading of Neonet Securities coupled with the quantitative research and analysis of LiquidMetrix.
"Neonet's innovative electronic trading infrastructure and smart order routing technology will leverage the highly respected quantitative pre- and post-trade analysis models and the unique database of order book data from LiquidMetrix. We believe that this represents a fully differentiated offering for our clients, focused on delivering the highest quality of execution, combined with conflict-free interaction with liquidity,” says Tim Wildenberg,
FactRight has launched a secure online report centre to better serve the alternative investment due diligence community.
The password-protected site provides registered broker dealers and registered investment advisors with on-demand access to FactRight’s most popular offering and operational-level sponsor reports. The online system is configured for compatibility with both desktop and mobile devices.
“Financial firms across the country rely on our analytical, multidisciplinary approach that outlines the essential information and insight needed to drive good decision-making,” says Scott Smith, president and CEO. “The new FactRight Report Center provides registered broker dealers and registered investment advisors with easier, broader, and
Traiana’s Harmony CCP Connect is the first middleware solution to match and affirm FX derivative client trades with LCH.Clearnet’s ForexClear service, following the establishment of direct connectivity with the clearing house in July this year.
Traiana’s Harmony CCP Connect provides a workflow solution via the Harmony network for both interdealer and client clearing, including CCP connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
Andy Coyne, chief executive, Traiana, says: “We are extremely pleased to have been the first to match and affirm trades through our link with LCH.Clearnet on the day that
Global Prime Partners (GPP) has become the latest asset management services client to transfer its back office and account administration and reporting to netConsult's private cloud based hosting infrastructure.
netConsult will be taking on responsibility for GPP's back office account management and support infrastructure.
netConsult provides bespoke and fully compliant IT infrastructure support for global financial entities and is dedicated to working with clients in the alternative investments industry.
Kevin LoPrimo, managing director and head of hedge fund services at Global Prime Partners, says: “Technology is a key factor in dictating a firm’s growth potential and operational strength
Cor Financial’s Salerio has published a whitepaper examining how automation in appropriate business critical areas of hedge funds operations can deliver meaningful commercial advantages.
Operational due diligence (ODD) is an increasingly important element in the decision making process of institutional investors. Investment performance without robust infrastructure is unlikely to convince investors to entrust their money to funds where doubts exist over operational systems and procedures.
With risk in general now such a focus for regulators, market operators and investors alike, the risk (and therefore cost) of potential errors within manual processing is one coming under increasing scrutiny in ODD
NYSE Euronext has provided a statement and timeline for the completion of its acquisition by IntercontinentalExchange (ICE), an operator of global markets and clearing houses.
ICE and NYSE Euronext now have all regulatory approvals necessary to proceed with closing their previously announced transaction and intend to close the transaction on 13 November 2013.
Trading in IntercontinentalExchange stock and NYSE Euronext stock will cease at the end of the trading day on 12 November 2013 and trading in IntercontinentalExchange Group stock will begin on 13 November 2013 under the ticker symbol “ICE” and will continue to trade on the New
The European Securities and Markets Authority (ESMA) has approved DTCC’s Derivatives Repository Limited (DDRL) to operate a multi-asset class derivatives repository in Europe.
Located in London, with a data centre in The Netherlands, DTCC’s European trade repository will support trade reporting mandated under the European Market Infrastructure Regulation (EMIR) which is due to begin on 12 February 2014.
The approval is DTCC’s fourth trade repository license globally and adds to the firm’s existing and proven multi-jurisdictional capabilities in derivatives trade reporting. DTCC’s trade repositories have been supporting regulatory reporting in the US since October 2012, in Japan since April
The first trade repositories need to begin European Market and Infrastructure Regulation (EMIR) reporting for all derivative counterparties in February 2014, according to the European Securities and Markets Authorities (ESMA).


As a result, any derivative counterparty in the European Economic Area (EEA) that is subject to EMIR, including corporates and other unregulated market participants, will be required to provide complex reports for transactions in all derivative asset classes (interest rates, foreign exchange, equity, credit and commodities) and for both over-the-counter (OTC) and exchange-traded derivatives from 12 February 2014. 


The new reporting obligation will require substantially more detailed information than
ICAP and Interactive Data Corporation have formed a new collaboration for over-the-counter data distribution.
Risk managers, institutional investors and portfolio managers increasingly require access to comprehensive pre-trade price information for improved evaluations, risk management and compliance assessments.
Under the new agreement, Interactive Data clients can access a broad spectrum of ICAP data via the Consolidated Feed, including ICAP’s interest rate, credit, fixed income, money markets, foreign exchange, and energy market data. This data can support enhanced market analysis, including price verification, price forecasting, correlation analysis and liquidity profiling.
“Sourcing content from the leading broker of interest rate derivatives,
