Solutions
ICAP Futures and Options, the financial futures business of ICAP plc, has selected Traiana’s Harmony Network for its client connectivity layer.
This now brings the total number of futures commission merchants (FCMs) on the Harmony Network for Exchange Traded Derivatives (ETDs) to 13.
Gary Pettit, executive managing director of ICAP Futures and Options, says: “As ICAP’s global exchange traded derivative network continues to grow we have selected Traiana to provide STP connectivity direct from our execution platform in order to best facilitate the expanding requirements of our customers. We look forward to developing this relationship into other technology areas
eVestment, a provider of institutional investment data and analytics, has launched the first offerings in a revamped suite of solutions designed to analyse and report on both traditional and alternative investment strategies.
This includes marketing, sales, strategy, product and investment professionals within asset management firms and hedge funds, as well as plan sponsors, consultants and other buy-side institutional investors.
This suite of cloud-based solutions will include four distinct tiers:
eVestment Spotlight – for the user who wants easy access to the most critical data in an intuitive package and with a lower cost. Customizable user dashboards and seamless publishing
Aquis Exchange, the proposed pan-European trading exchange, has received approval from the UK’s Financial Conduct Authority (FCA) to begin trading as a multilateral trading facility (MTF).
Aquis Exchange chief executive Alasdair Haynes says: “We are very pleased to have received the green light from the FCA just a year after announcing the creation of Aquis Exchange. We can now forge ahead with the introduction of subscription pricing to the European cash equities market.”
Aquis Exchange was established in October 2012. Currently, over 90 per cent of European equity trading in each individual country takes place on only two exchanges.
BATS Chi-X Europe, the pan-European recognised investment exchange, is in the process of on-boarding customers to BXTR, a suite of on- and off-exchange trade reporting services.
With all functions fully operational, the BXTR pan-European trade reporting service has captured significant market share since its launch earlier this month.
Mark Hemsley, chief executive of BATS Chi-X Europe, says: "We are encouraged greatly by the initial participation in BXTR, as customers realise the benefit of our comprehensive, pan-European reporting services. We appreciate the support of our initial participants and look forward to working together as an industry to improve and consolidate
TriOptima has launched a UTI (Unique Trade ID) pairing functionality to assist firms preparing for the European trade repository reporting effective February 2014.
The service accommodates paper-confirmed trades and foreign exchange (FX) trades without a common match ID.
EMIR trade reporting rules require that trades outstanding during the specified period before the effective date be reported to a trade repository. In order to achieve this backloading, firms must agree UTIs for those trades. TriOptima’s new service enables firms using triResolve to assign a UTI to paper-confirmed OTC derivative trades and FX trades lacking a common match ID.
This
More and more traders are discovering the capital savings they can receive by trading Swap Spreads using a CME-cleared Interest Rate Swap and CME Treasury Futures – a popular example of this is the "Invoice Swap" or "Invoice Spread".
These swaps may eliminate a substantial portion of Dodd-Frank margin costs. To find out how to implement this trade and unlock potential savings, read our brief paper on how it works.
Maxim Group, a full service investment banking and brokerage firm providing services to hedge funds, investment advisors, family offices and high net worth individuals, has selected SunGard’s VPM.
Now live, the solution helps Maxim Group better service its clients by providing advanced portfolio accounting and reporting capabilities, which helps promote smarter operations within its investment management and operations functions.
Maxim Group’s integration of VPM and its clearing firms’ data provides a scalable solution with minimal reconciliation overhead. VPM physically stores all of Maxim Group’s investment activity to help enable the firm to have more accurate information, transparency into data
Eze Castle Integration, a provider of IT solutions and private cloud services to hedge funds and alternative investment firms, has released the next generation of its Eze Disaster Recovery (Eze DR) service.
The new version of Eze DR features advanced technology to deliver more aggressive Recover Time Objectives (RTO) and Recovery Point Objectives (RPO) and enhanced testing to ensure clients can resume operations after a disaster.
Eze DR is a fully managed disaster recovery solution used by hedge funds around the world. The newest version incorporates hypervisor-based replication technology to replicate, in near real-time, a client’s virtual production environment
The first trading transaction in Italian power futures has been registered on the European Energy Exchange (EEX) for clearing via the European Commodity Clearing (ECC).
The trade with a volume of 7,200 megawatt hours and a price of EUR62.25 per MWh for delivery in November 2013 was concluded between Gunvor International and A2A Trading via the broker Spectron Energy Services.
EEX launched the registration of financially fulfilled Italian month, quarter and year futures on 1 October.
“As a result of the registration of trades on EEX, our customers benefit from tried and tested standard processes and security in
Options is expanding its partnership with Redline Trading Solutions, a provider of low-latency market data and order execution solutions, to offer a fully managed ticker plant for options and equities.
The Options-Redline collaboration enables trading firms to access a complete and fully resilient set of exchange-traded equities, options, futures and FX market data, in addition to a full suite of broker connections, and to submit and track orders to the exchanges.
Additionally, the service is being delivered via market leading low latency infrastructure and alongside a fully redundant hosted environment with storage in NY4 and Weehawken.
The delivery
