Solutions
Omgeo and Eze Software Group are launching a high-performance interface to fully automate futures and options matching between the Eze OMS and Omgeo Central Trade Manager (Omgeo CTM), a central matching solution for domestic and cross-border exchange-traded derivatives (ETDs), equities and fixed-income transactions.
This new interface has been developed using Omgeo CTM’s native XML messaging format and greatly improves both the speed and capacity with which trades and trade statuses can be delivered between the two systems.
The Eze OMS is a global multi-asset class order management system that streamlines the investment cycle from idea generation through settlement.
A partnership of industry leaders in the investment consultancy and alternative asset sectors has launched an independent investment platform for investors and hedge fund managers, geared toward the investment markets of 2013 and beyond.
ClearVest offers a total portfolio solution with an intelligent interface between a diversified offering of alternative managers, research, institutional quality infrastructure, and leading edge technology.
The ClearVest founders bring a combination of experience and expertise in fund administration, fiduciary oversight, technology and research to the investment platform. HedgeACT, an alternative asset management platform founded by Michael E. Griffin, will provide the technology backbone for
Fund services provider SEI has chosen Calastone to provide its order routing service for the UK business.
SEI, which manages or administers USD495bn of assets globally across pooled and separately managed accounts, will now move toward automated order processing for transactions across its retail fund range and goals-based strategic portfolios.
The move will result in faster turnaround times for order confirmations and contract notes which in turn allow SEI and client counterparties to reduce processing time and benefit from a reduction in operational risk.
Calastone’s system allows all parties in the process – third party administrator, distributor
HedgeStart Partners, the London-based alternative investment consulting firm, has partnered with Commensus to provide IT outsourcing and cloud-based services to HedgeStart’s clients.
HedgeStart provides consulting and other outsourced services to both new and established investment businesses, including hedge funds, fund managers, advisors and institutional investors.
London-based Commensus provides managed cloud, business continuity and IT outsourcing services to investment managers and other businesses.
Under the terms of the agreement, the provision of outsourced IT consulting services to HedgeStart’s client base will be transferred to Commensus along with delivery of both infrastructure and user support for HedgeStart’s own business.
The ICAP Securities & Derivatives Exchange (ISDX) has launched new admissions criteria for companies wanting to apply for admission to the ISDX Growth Market.
The ISDX Growth Market is a venue for small and medium sized companies seeking to raise growth capital, achieve an independent market valuation and enhance their corporate profile.
The move is the result of a thorough review of the business following the exchange’s acquisition by ICAP in June 2012 and a public consultation process on the proposed amendments which began in April 2013.
Under the new rules, entrepreneurial companies typically seeking access to
June 2013 was the most active trading month for futures on the CBOE Volatility Index (VIX) in exchange history.
New records for total trading volume and average daily volume (ADV) were set during the month and for the second quarter of the year.
Trading volume of VIX futures at CFE totalled a record 4,213,488 contracts during June, eclipsing the previous high of 4,056,760 contracts in April 2013. June’s volume increased 96 per cent versus the 2,154,055 contracts traded in June 2012 and rose 31 per cent when compared to the 3,212,399 contracts traded in May 2013. June marked the
LuxCSD, Luxembourg’s central securities depository, has now designated five banks as its LPAs – Banque et Caisse d’Epargne de l’Etat, Banque Internationale à Luxembourg, BNP Paribas Securities Services, Caceis Bank and Citi – to support the issuance process of domestic and international securities.
Issuers of securities inside and outside of Luxembourg can select and appoint one of the LPAs to ensure compliance with LuxCSD’s operations throughout the lifetime of the issuance.
Issuers will gain the advantage of distributing their securities in central bank money while benefitting from the extensive customer network of LuxCSD shareholder Clearstream which gives access
MarketAxess, the operator of an electronic trading platform for fixed income securities and the provider of market data and post-trade services for the global fixed income markets, has reported total monthly trading volume for June 2013 of USD68.6bn.
The total consists of USD43.1bn in US high-grade volume, USD18.8bn in other credit volume, and USD6.7bn in liquid products volume.
The international derivatives exchanges of Eurex Group achieved an average daily volume of 10.8 million contracts in June (June 2012: 11.0 million).
Of those, almost 8.1 million were Eurex Exchange contracts (June 2012: 8.5 million), and 2.7 million contracts (June 2012: 2.5 million) were traded at the US-based International Securities Exchange (ISE). In total, 162.6 million contracts were traded at Eurex Exchange and 54.3 million at ISE.
Eurex Exchange recorded 68.3 million equity index derivatives contracts (June 2012: 86.6 million). The single largest contract was the future on the Euro Stoxx 50 Index with 33.6 million contracts. The
The Australian government has granted LCH.Clearnet an extension to its existing clearing and settlement facility licence enabling it to offer its SwapClear OTC interest rate swap clearing service directly to Australian banks.
As members of SwapClear, Australian banks will now be able to participate alongside international clearing members, enabling them to mitigate counterparty risk through clearing and realise greater portfolio netting efficiencies.
International banks operating in Australia are already actively clearing interest rate swaps through SwapClear and now, as a result of this licence, Australian banks will be able to join them as direct clearing members, subject to
