Solutions
MarketAxess has reported total monthly trading volume for May 2013 of USD62.5bn on its electronic trading platform.
The total consists of USD39.0bn in US high-grade volume, USD15.8bn in other credit volume, and USD7.7bn in liquid products volume.
Monthly volume updates are posted in the Investor Relations section of the MarketAxess website on or before the tenth business day of each month. The data provide current month and historical volume totals on a monthly, quarterly and annual basis.
Advent Software has launched new releases of its portfolio management software, Advent Portfolio Exchange (APX), and Moxy, the firm’s trade order management system, and the associated solutions including Advent Rules Manager, Advent Revenue Center and Tradex.
This release supports Advent’s commitment to deliver functionally rich solutions that are easy for asset and wealth managers to implement, adopt and own.
The new releases provide a number of key benefits to users, including:
• Simplified reporting processes in APX as well as a more efficient upgrade experience with new data management tools
• Enhanced customization options in Moxy
RealTick Data is now available in Eze Software Group’s Eze OMS and the Tradar PMS.
Through this integration, RealTick Data is able to provide cross-asset class market data to any of Eze Software’s core products.
Clients can leverage global market data and options analytics provided by RealTick Data to power market data-dependent features of the Eze OMS and Tradar PMS including P&L and cash balance analysis, portfolio modelling, and order valuation and impact calculation.
"We are excited to extend the proven success and capabilities of our RealTick Data solution to all Eze Software clients," says Daniel Rooney,
Fifty three per cent of capital markets respondents are not ready to centrally clear interest rate and credit default swaps, according to a poll conducted by SimCorp.
The survey, conducted in March, surveyed the views of nearly 60 executives from 34 capital market firms from around the world.
With regulations like Dodd-Frank and EMIR aiming to increase transparency and market efficiency in over-the-counter (OTC) derivatives trading, the poll asked respondents whether or not their firms are ready to centrally clear interest rate swaps (IRS) and credit default swaps (CDS). While 41 per cent answered yes, a 53 per
Misys, the application software and services company, has launched Misys Risk Insight, a new way of visualising and managing risk across the organisation.
The solution from Misys is both a risk aggregation tool and a presentation dashboard that gives banks an intelligent and dynamic way to control and manage risk on all levels of the organisation.
Sitting at the heart of Misys Global Risk, which was launched in November 2012, Misys Risk Insight gathers together all risk information from each part of the organisation into one central place. Risk Insight is a valuable tool for anyone who needs to
ICAP, a markets operator and provider of post trade risk mitigation and information services, has begun trading in Sterling (GBP) on i-Swap, its electronic interest rate derivative platform.
This follows the launch of i-Swap in the US in Dollars in February 2013. Euro interest rate swaps (IRS) was launched on i-Swap in September 2010.
As with Euro IRS and US Dollar IRS, i-Swap’s shareholding banks – Citigroup, Bank of America Merrill Lynch, Barclays, Deutsche Bank and JP Morgan – will support the platform with streaming prices.
The i-Swap trading platform is for interest rate derivatives and enables
The turnover of investment certificates and leverage products traded on European exchanges rose significantly in the first quarter of 2013.
Volumes were up by 19.97 per cent to EUR24.9bn year on year.
This is shown by the latest market data collected by the European Structured Investment Products Association (EUSIPA) from its members and analysed by Derivative Partners Research.
For the first time EUSIPA has also released open interest data from the deepest European markets. At stock exchanges in Germany, Austria and Switzerland open interest in the first quarter of 2013 amounted to EUR246.9bn, up 1.3 per cent
DealVector has launched the first secure electronic communication network to allow fixed income and illiquid asset market players to know “who’s in their deal,” improving the efficiency of these markets by facilitating communication.
The DealVector platform fills a major gap in the current DTC/Street Name system by offering market participants the ability to directly message the beneficial owners of financial assets on a mutual opt-in basis. In doing so, DealVector allows issuers, investors, advisors, collateral managers and others to come together to address governance and restructuring issues, improve market surveillance, source illiquid assets and more.
Market participants
Financial data management specialist RIMES has enhanced its managed data services to offer buy-side firms an immediate solution to the ongoing challenges of managing a growing volume of reference and security master data.
Reference and security master data form the foundations of a successful investment management business. But designing, building and maintaining a global repository of accurate and reliable data is costly and time consuming.
RIMES Reference Data Service offers a cost-effective alternative to an in-house operation and aligns costs with business needs. Clients are freed from the burden of managing a growing volume of reference data and
DMS Bank & Trust (DBT) has expanded its online banking capabilities, giving hedge funds, institutions, family offices and other banking customers a faster and more convenient way to manage their banking accounts.
Through a strategic relationship with one of its AA rated financial service counterparties, DBT now offers real-time foreign currency capabilities via the bank’s online portal. All foreign exchange transactions initiated online up to 4:00 PM EST, subject to currency and amount, will be processed the same day.
DBT offers all major currencies, providing a seamless way for banking clients to manage their bank accounts and transactions whether
