Solutions
Five out of six of Market Vectors investable hedge fund beta indices recorded positive returns in March, according to figures released by Market Vectors Index Solutions (MVIS).
The MV Emerging Markets L/S Equity Hedge Fund Beta Index (0.07 per cent) was the only index to finish the month in negative territory.
MV North America L/S Equity Hedge Fund Beta Index (2.08 per cent) was the best performer, while MV Asia (Developed) L/S Equity Hedge Fund Beta Index (1.48 per cent), MV Global L/S Equity Hedge Fund Beta Index (1.32 per cent), MV Global Event L/S Equity Hedge Fund
In March 2013, the international derivatives exchanges of Eurex Group recorded an average daily volume of 9.7 million contracts, down from 10.1 million contracts in March 2012.
Of those, 7.3 million were Eurex Exchange contracts (March 2012: 7.4 million), and 2.4 million contracts (March 2012: 2.7 million) were traded at the US-based International Securities Exchange (ISE).
In its largest segment – equity index derivatives – Eurex Exchange achieved 65.9 million contracts (March 2012: 79.7 million). Futures on the Euro Stoxx 50 Index stood at 30.6 million contracts and 20.5 million on the index options. Futures on the DAX
March 2013 was the third consecutive month in which total volume in futures on the CBOE Volatility Index (VIX) and total exchange-wide trading reached new all-time highs.
A record 3,220,977 VIX futures contracts traded during March, exceeding the 3,062,344 contracts traded in February, the previous record, by five per cent.
February and March are the first two months in CFE history to register more than three million VIX futures contracts traded. When compared to the 1,963,893 contracts traded a year ago, March’s volume rose by 64 per cent.
Monthly average daily volume (ADV) in VIX futures during
Charles River, a front- and middle-office investment management solutions provider, has introduced a direct interface between the Charles River Investment Management Solution Version 9.1.4.5.3 (Charles River IMS) and MarkitSERV MTM which helps clients comply with mandatory clearing requirements for newly executed over-the-counter (OTC) derivatives under the Dodd-Frank Act.
The Dodd-Frank requirement for central clearing of OTC derivatives is designed to reduce systemic risk in the financial markets.
Charles River’s new integration ensures greater accuracy and transparency by allowing clients to submit interest-rate swaps (IRS), credit-default swaps (CDS) and CDS Index trades directly to MarkitSERV MTM. Clients can monitor
AES Options single leg tactics for US listed equity, index and ETF options can now be accessed through PrimeTrade, Credit Suisse’s global front end trading system for listed derivatives, US treasuries and foreign exchange.
PrimeTrade, used by over 1,000 traders at hedge funds and institutions, provides access to over 35 futures and listed options exchanges across the world. Its order offering includes option structures, cross-product spreads, foreign exchange, as well as access to Credit Suisse’s AES algorithms and Onyx, Credit Suisse’s Fixed Income algorithmic trading platform.
Pat Luongo, director in AES Options at Credit Suisse, says: "AES Options
MSCI has launched a new version of Barra Portfolio Manager, which features advanced workflow tools designed to help portfolio managers improve their investment processes and goals.
One of the critical advancements in this version is historical strategy simulation. Analytics and portfolio managers can now use Barra Portfolio Manager to test various investment strategies simultaneously and monitor statistics even while optimisations are being actively processed. This provides users with immediate insight into a strategy’s risk and return profile, allowing for real-time adjustments.
"These enhancements are the latest in our continued efforts to provide a comprehensive platform that allows clients
Israel A Englander has expanded its prime services division and will now offer the first and only technology platform offering solutions to both emerging hedge fund managers and investors.
The division has been rebranded as Managed Accounts and Prime Services (MA&PS).
Created to serve the needs of the sub-USD250m AUM hedge fund community and investors, MA&PS provides traditional prime brokerage services that are enhanced with customised investment solutions targeting entities that manage or invest capital via a separately managed account (SMA) structure.
The MA&PS platform delivers tools that allow emerging hedge fund managers to easily operate a
Napier Park Global Capital has chosen Options’ PIPE Core and Momentum services as its fund’s technology infrastructure.
Napier Park is an independent asset management firm with approximately USD6.8bn under management and more than 110 employees in offices in New York and London. The firm manages a diversified product mix, including hedge funds, bespoke client solutions, CLOs and private investing for institutional investors globally.
Napier Park will use Options’ PIPE Core and Momentum services, key components of the Options’ Private Financial Cloud platform. PIPE Core is a complete business technology infrastructure service providing a robust and resilient technology
The Cayman Islands Stock Exchange (CSX) has migrated its electronic securities trading to Deutsche Börse’s Xetra trading system.
Xetra trading participants can now use Deutsche Börse’s infrastructure to easily access a non-European financial market.
It also gives six new market participants from the Cayman Islands access to an extensive pan-European network of traders.
Alexander Höptner, executive vice president of Deutsche Börse and responsible for market data and services IT, says: “The Cayman Islands Stock Exchange now has one of the fastest and most reliable cash market trading systems. It connects participants in Cayman Islands to one of
CYMBA Technologies Limited, a leading supplier of business software solutions for the Asset Management, Multi Manager and Hedge Fund communities, today announced it has lifted out its Pre and Post Trade Compliance Engine into a functionally richer stand-alone product. CYMBA Centurion brings to the market a state of the art Compliance solution providing comprehensive support for different Rule Types, Asset Classes and a customisable Incident Breach Management Workflow via fully configurable screens.
CYMBA Centurion is utilised as a stand-alone Compliance system by a number of CYMBA’s clients. Previously integrated as a module within the CYMBA Athena IMS platform, it is
