Solutions
TriOptima has worked with industry participants to implement a triReduce compression methodology for Index Tranche trades with non-standard coupons, known as “legacy” trades as well as the more recent Index Tranche trades with standard coupons.
triReduce compression cycles eliminated 25 per cent or EUR35.9bn of the European-based ITraxx and 56 per cent or USD189.6bn of US CDX Index Tranche legacy notionals.
Total notionals eliminated in the triReduce index tranche cycles were EUR80.4bn and USD281.3bn including trades with standardized and non-standardized coupons.
Since 2009, coupons on index tranche trades have been standardised; however many outstanding trades with non-standard coupons
Fidelity Institutional has launched a new solution for accessing alternative investments.
Fidelity’s platform will provide research, education and third-party due diligence, as well as access to a wide range of alternative investment products for all Fidelity Institutional clients.
Financial advisors and family office professionals will now have access to a variety of alternative investment products, including hedge funds, private equity funds and ’40 Act mutual funds.
Fidelity’s platform will also provide access to research and third-party due diligence reports through strategic alliances with leaders in the space – including CAIS, Goldman Sachs Asset Management (GSAM) and Morningstar.
BNY Mellon has added to its line-up of risk and collateral management-related services with the launch of the Liquidity Aggregator, available through the company's Liquidity DIRECT portal.
"As markets expand globally, the need to analyse and quantify your portfolio return and liquidity risk is paramount. The Liquidity Aggregator offers clients a deeper view of exposure and risk, which is essential to managing their investments," says Kurt Woetzel, chief executive of BNY Mellon's Global Collateral Services (GCS) business.
"Nearly all financial transactions and commitments have liquidity implications," says Jonathan Spirgel, EVP and head of GCS sales and relationship management at
Deutsche Börse is improving trading on the Frankfurt Stock Exchange by reorienting the trading venue and launching a new quality guarantee for trading from 1 November.
In addition, all structured products will be traded under the Frankfurt Stock Exchange brand.
From Friday, investors will receive a quality guarantee when executing German, European and US blue chips, as well as ETFs. This guarantee ensures that investors can buy or sell at a price equivalent to that on the respective reference market or better. The guarantee applies to all orders up to a volume of EUR7,500.
The specialists at Frankfurt
Calastone and Barclays have gone live with the market's first-ever net settlement service as Smith & Williamson and Capita Asset Services select the solution for their automated settlement of funds.
Both parties have been using Calastone’s managed net settlement service since 2011, which is now underpinned by Barclays, enabling settlement finality through its centralised market cash clearing facility.
Since Calastone and Barclays announced their intention to launch the first full market net settlement service solely designed for the funds industry, they have both been working with key industry participants to finalise the design and delivery.
To date, Calastone’s
The US Commodity Futures Trading Commission (CFTC) has announced an anticipated publication schedule for reports delayed by the recent US government shutdown.
The CFTC will begin issuing its weekly Commitments of Traders (COT) reports on a rolling basis as soon as they are ready – with the first report being published on 25 October. If not for the shutdown, this report would have been published on 4 October.
The CFTC expects to release two more of the delayed COT reports during the week of 28 October and at least two more of the delayed COT reports during the week
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has opened an office in Dallas to help support a growing client base in that market.
Abacus Group’s expansion, which included the addition of 57 new funds this year, was prompted by increased demand in the Dallas market from new and existing fund managers. While an improved economic environment in 2013 has contributed to new fund launches, heightened regulatory pressure on the business has prompted funds to seek more cost efficient business technology models that meet new requirements.
Changes imposed under Dodd-Frank have set
To successfully execute on complex trading strategies and to stay in compliance, a firm must know the exact time that events happen, such as ticks, trades and computed correlations.
If a time stamp is off, it could be the difference between a successful trade and a debilitating business challenge.
For the last four years, FSMLabs has provided financial trading firms with software and hardware for high-precision time synchronisation and distribution to prevent intentional and accidental time errors, manage compliance, and guard against malicious attacks. However, a large number of financial firms still do not recognise how easily time can
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.
BCS Prime Brokerage has partnered with ARQA Technologies to implement backQRT, ARQA’s automated back-office software.
The multipurpose back office system, which provides record-keeping, trade settlement, regulatory reporting and partial management accounting, will provide BCS clients with access to new markets and a more efficient transaction clearing model.
The BCS platform will now perform accounting of spot instrument operations in various markets including the Moscow Exchange (MOEX) the London Stock Exchange (LSE) and the MOEX Currency market.
The backQORT system makes calculations of various taxes applicable to companies operating in accordance with EU regulations. One of the improvements introduced
