Solutions
Newedge UK and Newedge USA have both joined LCH.Clearnet’s SwapClear, the global clearing service for interest rate swaps.
LCH.Clearnet’s SwapClear has been clearing OTC interest rate swaps for 14 years. The service has cleared more than 3.1 million contracts, USD384trn notional and compressed more than USD187trn (as at May 2013). SwapClear’s global membership currently stands at 82.
Nicolas Breteau (pictured), chief executive of Newedge, says: “The continued evolution of the OTC market provides many opportunities for Newedge to broaden its offering and add value for clients. Joining SwapClear is an important step towards building our cross boarder services
OTC Markets Group, an operator of financial marketplaces for 10,000 US and global securities, and Exchange Data International (EDI), a provider of back- and front-office financial and securities data, have created the OTC Corporate Actions Data Service which will provide corporate action data for companies trading on the OTCQX, OTCQB and OTC Pink marketplaces.
The OTC Corporate Actions Data Service will publish information on all OTCQX, OTCQB and OTC Pink securities, including data on the underlying securities for American Depositary Receipts (ADRs) and foreign ordinaries traded in the US market.
In addition to standard corporate action data such
The international derivatives marketplace Eurex Exchange is to start a new initiative to increase the attractiveness of its short-term interest rate derivatives segment by offering new trading and market making incentives for its Three-Month Euribor Futures.
These measures will become effective on 1 June 2013. Euribor Futures have already been listed on Eurex Exchange for several years.
The major elements of the initiative have been discussed with relevant market participants, who approached Eurex earlier this year. As part of the initiative, Eurex will offer a completely new market making scheme starting on 1 June, which will replace the current
Chicago Board Options Exchange (CBOE) and CME Group have begun disseminating values for a new volatility benchmark index using futures options data on CME Group’s 10-year US Treasury note contract.
The CBOE/CBOT 10-year US Treasury Note Volatility Index is the first volatility index based on US government debt to be calculated and disseminated by CBOE.
The index was developed with significant contributions from Antonio Mele and Yoshiki Obayashi of Applied Academics.
CBOE and CBOE Futures Exchange (CFE) plan to offer trading on the 10-year Treasury Volatility Index in the future.
"We’re pleased to introduce an interest rate
After nearly 12 months in operation, over 400 limited partner firms and more than 600 general partner firms from 60-plus countries actively use Palico.
LPs, GPs and advisers have connected on more than 500 investment opportunities posted on Palico in the past year.
Palico is the first regulated electronic platform for the full range of private equity fund investment options, including classic fundraisings, co-investments, secondaries and deal-by-deal structures. Using Palico, LPs, GPs and advisers, meet and engage with qualified counterparts on primary, co-investment and secondary opportunities.
Palico helps LPs and GPs connect in a private equity fund
Misys has released Sophis VALUE v5, its flagship buy-side solution.
The new version offers an increased level of transparency for traditional and alternative asset managers into their operations from pre-trade activity, through portfolio and risk management, to back-office processes.
Investment management firms are searching for new sources of alpha as they face a low-yield environment. Driven by increased volatility in major asset classes and lower expected returns over the long-term, asset managers and their clients need to diversify their portfolios, reduce operational risk, improve compliance with global regulations, expand into new asset classes and geographies while increasing overall
FIX Protocol Ltd (FPL), the non-profit, industry-driven standards body for the electronic trading community, has published updated recommended guidelines for the use of FIX for post-trade processing.
As the tolerance level for post-trade inefficiencies is minimised, the industry is witnessing a determined drive to adopt free, open and non-proprietary standards as the platform on which firms can manage their operational risk and cost base. The strain on the industry’s post-trade infrastructure is expected to permeate further with increasing regulation, shorter settlement cycles and the recognition that there is no competitive edge in this space. Investment managers and broker dealers
Wikipedia could have been used as early warning signs of stock market movements, according to a study published in Scientific Reports. Researchers led by Dr Suzy Moat, senior research fellow at Warwick Business School, found that changes in how often financially related pages were viewed on Wikipedia could have been linked to subsequent movements of the Dow Jones Industrial Average.
Their historic analysis detected increases in views of financially related Wikipedia pages before stock market falls.
Moat says: “These results provide evidence that online data may allow us to gain a new understanding of the early stages of decision making, giving
Celoxica, a provider of ultra low latency market data, order entry and pre-trade risk solutions for high frequency traders and brokers, has extended its hardware accelerated market data products with the launch of the Generic Book Accelerator (GBA) product line for the US market.
The GBA delivers unique performance advantage maintaining order books on an FPGA board and distributes the five best limits to consuming applications delivering deterministic wire to wire latency of one microsecond and eliminating performance spikes.
Combined with GBA, Symbol Filtering also reduces the required system bandwidth ensuring only relevant market data is sent to
The first futures commission merchant (FCM) has completed production testing for Traiana’s central risk management infrastructure for swaps clearing.
This firm is now ready to go live with clients trading interest rate derivatives and credit default swaps on swap execution facilities (SEFs) or designated contract markets (DCMs) with pre-trade order screening, as required under the new Dodd-Frank clearing regulations.
Five additional FCMs as well as further buyside firms, fund servicing firms, and order management service providers are currently in the process of joining the service and production testing.
Developed with input from leading FCMs and delivered using
