Solutions
Omgeo’s Central Trade Manager (Omgeo CTM) community has grown by more than 17 per cent during 2013, with the addition of 220 investment management and broker/dealer clients worldwide.
Omgeo CTM is the firm’s strategic platform for the central matching of cross-border and domestic equity, fixed income, exchange-traded derivative (futures and options) and contract-for-difference transactions. Over 1,500 firms worldwide now use Omgeo CTM, including 655 investment managers and 866 broker/dealers. In total, Omgeo has over 6,500 clients in 52 countries using its services.
The growth in the Omgeo CTM community has come from an expansion across geographies and asset
S&P Capital IQ Real-Time Solutions has partnered with Arista Networks to provide its clients with advanced data transfer speeds and improved performance via the firm’s QuantLINK offering.
S&P Capital IQ Real-Time Solutions will leverage the latest network device generation – provided by Arista Networks – to bolster its QuantLINK product, thereby improving direct market access and providing ultimate results in market data and order routing.
Dave Watkins, managing director EMEA at Arista Networks, says: “New developments in technology within the algo-trading sector are ongoing and we are keen to collaborate with leading firms in order to supply an exceptional
FIX Trading Community, the non-profit industry-driven financial trading standards body, has published updated guidelines for the electronic trading of bonds and swaps using the FIX messaging standard.
The guidelines have been designed to enable market participants to benefit from cost effective and efficient connectivity to the growing number of bond trading platforms, emerging swap execution facilities (SEFs) and upcoming organised trading facilities (OTFs) set to launch across the US and European markets.
As regulatory requirements, in the form of Dodd Frank, MiFID II and Basel III, seek to enhance transparency, reduce risk and increase capital requirements, a new
MarkitSERV, the electronic trade processing service for over-the-counter (OTC) derivative transactions, will be the first middleware provider to deliver foreign exchange (FX) trades for clearing to Nasdaq OMX.
Providing clearing connectivity to Nasdaq OMX expands MarkitSERV’s ability to serve the global FX industry’s growing need to connect to multiple clearinghouses (CCPs) and trade reporting facilities. MarkitSERV connected to Nasdaq OMX for clearing interest rate swaps in 2012.
To date, MarkitSERV has processed approximately 100,000 FX non-deliverable forward (NDF) submissions and its gateway has been used for the vast majority of the USD1trn-plus in notional value of cleared NDF trades.
Lombard Risk Management has released a new version (V12.3) of COLLINE for collateral management and clearing, providing enhanced and new functionality for collateral management, clearing and regulatory demands.
Designed by experienced business practitioners for end-to-end, cross-product (OTC derivatives, repo and sec lending) collateral management and clearing, COLLINE provides a consolidated solution for mitigating exposure risk while satisfying the growing demand for multiple/global entities, cross-product margining, clearing, optimisation, master netting, MIS reporting, dispute management and electronic messaging.
After the 2008 crisis the G20 directed a move for the standardised over-the-counter (OTC) derivatives from a bilaterally-cleared to a centrally-cleared
Commerzbank and Clearstream have teamed up to offer their clients increased efficiency and reduced risk to cleared and uncleared OTC derivative transactions.
The new TradeCycle service will be launched in Q4 2013 and is the first integrated service of its kind.
The joint offering will provide clients access to an integrated management solution for the OTC derivative trade lifecycle: from trading to clearing, settlement and custody, including key services such as advisory, valuation, and collateral management.
Market participants will benefit from an end-to-end solution for the handling of OTC derivatives which will allow them to minimise operational
BCS Prime Brokerage, the international arm of the largest trader of equities and derivatives on the Russian exchange, has appointed Succession Systems to launch a pre-trade Market Access risk system, TripleCheck.
The system delivers ultra-low latency risk management for Direct Market Access (DMA) clients including proprietary and algorithmic trading firms.
The Market Access system is the fastest software pre-trade solution available for the Russian markets. It offers single digit microsecond latency one way, wire to wire. Additional markets will be added in the coming months.
New regulation rules for risk management on international markets are driving clients
Data connectivity between the Depository Trust & Clearing Corporation (DTCC) Data Repository (DDR) and TriOptima’s triResolve portfolio reconciliation service, first announced in June, is now live and operational.
The service, which enables the reconciliation of OTC derivatives trades reported to DTCC’s US trade repository, is a significant step aimed at improving portfolio risk management for dealers and end users.
It will help ensure compliance with the CFTC mandated reconciliation deadline of 23 August. DTCC and TriOptima anticipate that their collaboration can also be extended to market participants in Europe where portfolio reconciliation and trade reporting rules will come into
Global Markets Exchange Group (GMEX) is to launch an interest rate swap (IRS) futures contract on its London Derivatives Exchange (LDX) segment.
GMEX’s new product, called a Constant Maturity Future (CMF), has been designed to address the complications for hedging interest rates that have been associated with the standard quarterly (March, June, Sept, Dec) expiring futures contracts. This is a timely launch as the industry continues to adapt to meet the G20-led market reforms to reduce systemic risk by pushing some privately negotiated derivatives onto electronic trading venues and through central counterparty (CCP) clearing houses.
As a key market targeted
Eurex Clearing has welcomed KAS Bank NV, based in Amsterdam, Netherlands, as another member of EurexOTC Clear for Interest Rate Swaps (IRS).
With this new user, the number of clearing members on EurexOTC Clear increases to 16.
The Dutch bank aims to execute self-clearing transactions in a first step. The admission of KAS Bank NV further increases the attractiveness and distribution of the EurexOTC Clear IRS service to Dutch buy-side firms.
EurexOTC Clear for Interest Rate Swaps was launched on 13 November 2012. Eurex Clearing offers fully integrated clearing and collateralization of OTC transactions and listed derivatives
