Solutions
CBOE Holdings has reported second quarter 2013 net income allocated to common stockholders of USD45.5m, or USD0.52 per diluted share, compared with USD37.9m, or USD0.44 per diluted share, in the second quarter of 2012.
On an adjusted basis, net income allocated to common stockholders was USD47.0m, or USD0.54 per share, compared with USD37.9m, or USD0.44 per diluted share, in the same period last year.
Operating revenues of USD150.8m for the second quarter increased 14 per cent compared with USD132.6m in the second quarter of 2012.
"We are pleased to report another strong quarter at CBOE Holdings, with
Hedgebay has published the results of a survey conducted amongst its high profile hedge fund, institutional and banking clients designed to pinpoint potential improvements that could be made in secondary market trading.
More than 150 firms from across Hedgebay’s user base took part in the survey, including hedge funds, funds of funds, pension funds, insurance companies, family offices and banks. Questions were asked to determine how far the secondary market for hedge funds has come, and whether any improvements need to be made.
Trading in hedge fund secondaries has seen its popularity skyrocket since the financial crisis, as
Eze Software Group has set multiple sales records and experienced strong global growth in the first half of 2013.
The group added a record 50 new Eze OMS clients and 25 new Tradar PMS clients across all regions in the first half of the year. It also closed out the first half of 2013 with one of the strongest months ever recorded for the RealTick EMS, following two quarters of steady growth in the number of institutional connections.
"It has been an exciting year for Eze Software Group, and we continue to experience tremendous success across the business
July 2013 trading volume for futures on the CBOE Volatility Index (VIX) increased 53 per cent over July 2012, while year-to-date volume through the end of July has nearly surpassed the total volume for all of 2012.
July trading volume in VIX futures totalled 2,921,386 contracts, an increase of 53 per cent over July’s total in 2012 and a decrease of 31 per cent from the all-time monthly record sent in June.
Average daily volume in VIX futures during July was 132,790 contracts, an increase of 46 per cent over July 2012 and a decrease of 37 per
The international derivatives markets of Eurex Group recorded an average daily volume of 6.8 million contracts in July, down from 8.1 million in July 2012.
Of those, 4.6 million were Eurex Exchange contracts (July 2012: 5.7 million), and 2.2 million contracts (July 2012: 2.3 million) were traded at the US-based International Securities Exchange (ISE). In total, 106.9 million contracts were traded at Eurex Exchange and 48.7 million at ISE.
At Eurex Exchange, the equity index derivatives segment totalled 44.8 million contracts (July 2012: 63.1 million). The decrease is mainly driven by the continuous low volatility of the European
SunGard has released a new version of its Asset Arena InvestOne global accounting solution for asset managers, custodian banks and third party administrators.
The latest version gives firms extended accounting automation and servicing capabilities to improve operational controls and productivity and ultimately ease the burden of meeting growing regulatory requirements.
The new version is enriched with the addition of two new features. Asset Arena InvestOne’s Multiview accounting functionality is improved with new Multiple Books of Record (MBOR) capabilities. By extending the ways in which users can leverage existing datasets, MBOR provides the flexibility to support more jurisdictions and offer
Buy-side firms are unprepared for new trading mechanisms, costs and increased complexity and should partner with established providers to adapt to an evolved OTC derivatives marketplace, according to research commissioned by State Street.
The new research paper, “From Readiness to Revolution: The Implementation and Impact of Derivatives Clearing Regulatory Reform,” provides insight into preparations for swap execution facilities (SEFs), central clearing, collateral management and reporting.
State Street, which operates as a futures clearing merchant (FCM) and a SEF, commissioned the research with Aite group which surveyed buy-side firms that collectively represent more than USD6trn in assets under management.
Sapient Global Markets has become a certified implementation partner of the European Energy Exchange (EEX) to facilitate regulatory reporting in the European energy wholesale markets.
Sapient Global Markets and the EEX will work together to help firms comply with new wholesale energy market reporting requirements to the Agency for the Cooperation of Energy Regulators (ACER), which was mandated by the Regulation on Energy Market Integrity and Transparency (REMIT).
REMIT requires wholesale energy market participants to disclose insider information relevant for pricing in power and natural gas trading. The rules were designed to prevent market abuse and reinforce the
Range-bound volatility creates challenging market conditions for US options traders, forcing them into a more aggressive stance in a search for returns, says TABB Group in its seventh annual benchmark options trading study.
This is driving traders to refine their strategies by using options with more precise strike prices, looking for new opportunities and adjusting expectations to encompass a new environment with lower returns.
“It has become more difficult to find a profitable edge in options markets,” says Andy Nybo, TABB’s head of derivatives research and author of “US Options Trading 2013: Looking for the Edge.”
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The first phase of CBOE Futures Exchange’s plans to expand CBOE Volatility Index (VIX index) futures trading hours will begin in late September, with the second phase to begin in the weeks that follow.
The first phase of the expanded trading hours initiative is designed to meet demand from US customers for a post-settlement trading period by adding a 45-minute trading session to the current trading hours for VIX futures (7:00 am CT to 3:15 pm CT).
Fifteen minutes after the 3:15 pm CT close of VIX futures, the market will reopen for a new trading period from
