Solutions
Omgeo has partnered with TriOptima and AcadiaSoft to extend straight-through processing (STP) for users of Omgeo ProtoColl, its automated collateral and margin management solution.
In response to global regulations that require firms to reconcile OTC positions on a regular basis, including Dodd-Frank and the European Market Infrastructure Regulation (EMIR), ProtoColl will directly interface with TriOptima’s triResolve, a portfolio reconciliation solution that features over 600 institutions on the service.
By linking ProtoColl to triResolve, users can manage their entire collateral management process in ProtoColl, and then automatically reconcile their over-the-counter (OTC) positions.
As part of the daily counterparty reconciliation,
Deutsche Bank’s Autobahn electronic trading business has launched Autobahn Options, offering complete US equity options trading capabilities.
Autobahn Options provides access to major electronic options exchanges, including Chicago Board of Options Exchange, International Securities Exchange, NYSE Arca, Boston Options Exchange, BATS Options and NYSE Amex.
Using the new suite of option-focused strategies, clients can trade single stock options, equity index and ETF options.
With Autobahn Options, clients now have a full suite of investment solutions for electronic options trading, including single-leg and complex multi-leg strategies as part of a suite of algorithms, direct market access, and smart order
Napier Park Global Capital, an alternative asset management firm with USD6.7bn in assets under management, has completed its trading application infrastructure spinout from Citigroup.
Sky Road, leveraging its solution delivery model that blends trading software expertise and daily operational process support, successfully migrated Napier Park’s existing trading platforms.
Facing a short timeframe to meet the Volcker Rule’s 2014 deadline, Napier Park selected Sky Road as the technology partner for both domain expertise and end-to-end management of its existing trading and operational system infrastructure. To meet these time constraints, the project tapped into key operational support elements available in Sky Road’s
Newedge UK Financial has joined EurexOTC Clear for Interest Rate Swaps (IRS), bringing the total membership to 17 firms.
“We have expanded our clearing services significantly over the past nine months, from listed derivatives and OTC commodity swaps to IRS OTC swaps. Joining Eurex Clearing is an important part of that strategy,” says Nicolas Breteau (pictured), chief executive at Newedge. “Strengthening our cross border services and broadening our clearing offer means that we remain well-placed to meet client needs and tap into future growth opportunities.”
“We are very pleased to welcome Newedge as a new user of our EurexOTC
Deltix, a provider of software for the development of advanced quantitative strategies, has integrated its quantitative analytics and trading technology with Object Trading’s global DMA platform for equity, derivative and FX markets.
The demand for an integrated solution comes as firms must apply quantitative analysis to rapidly research trading strategies and easily deploy them across asset classes and geographies in order to compete.
The joint offering enables Deltix users to develop, test and implement trading strategies across more than 55 global markets using FrontRunner, Object Trading’s global DMA platform. FrontRunner is trading screen and venue agnostic, providing market data,
Guernsey Finance has welcomed an announcement from the Channel Islands Stock Exchange (CISX) that it is once again open to considering new listing applications.
A statement published on the CISX website says that it is “gradually able to apply more capacity at this stage of proceedings to consider new listing applications with no apparent suitability issues.”
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance – the promotional agency for the island’s finance industry internationally, says: “We welcome the announcement from the CISX that it is now once again open to considering new listing applications. This not only demonstrates determination
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.
Gravitas has launched Gravitas Atmosphere, a secure, private, cloud-based online file sharing, sync and storage service, for the alternative investment industry.
Gravitas Atmosphere was designed for asset management professionals to access, share and synchronise corporate data or files from any authorised computer or mobile device anytime, anywhere, within a private, secure environment.
Gravitas has partnered with EMC Syncplicity and EMC Atmos to deliver Gravitas Atmosphere within the Gravitas Private Cloud, which is powered by VCE’s Vblock technology.
“The collaborative, dynamic ways in which we work have changed things dramatically and the alternative asset management industry is no exception,” says Patrick
The Depository Trust & Clearing Corporation’s (DTCC) CICI Utility, the interim global legal entity identifier (LEI) solution developed in collaboration with SWIFT, has been endorsed by the Regulatory Oversight Committee (ROC) as a pre-Local Operating Unit (LOU).
This action marks an important milestone in establishing full operational deployment of a Global Legal Entity Identifier System (GLEIS) aimed at giving regulators and firms stronger systemic risk monitoring capabilities so they can analyse positions and transactions they oversee on a global basis.
In addition to the CICI Utility, the ROC endorsed two other pre-LOUs, WM Datenservice in Germany and INSEE
Chicago Board Options Exchange’s (CBOE) Volatility Index (VIX index) has set an all-time, single-day volume record, with options volume totalling an estimated 1,782,329 contracts.
This easily surpassed the previous record of 1,399,867, contracts traded on 15 April 2013.
Year to date through September, VIX options average daily volume (ADV) was 565,040 contracts, a 32 per cent increase over the same period a year ago. VIX futures ADV year to date through September was nearly 160,000 contracts, an 86 per cent increase over the same period a year ago.
