Solutions
The Depository Trust & Clearing Corporation’s (DTCC) corporate actions pilot programme has begun systemic client testing of ISO 20022 messages covering the full entitlement and allocation lifecycle for distribution events.
The pilot for distribution events, launched in September 2012, is part of DTCC’s multi-year corporate actions reengineering initiative that will replace DTCC’s proprietary files with ISO 20022 messages.
For the first several months of the pilot, DTCC produced sample ISO 20022 distribution messages, enabling clients to understand and validate the message formats and business flows.
Beginning today, DTCC, through its subsidiary The Depository Trust Company (DTC), will start a parallel
Scoach, the joint trading platform for structured products in Switzerland and Germany operated by SIX Swiss Exchange and Deutsche Börse, is to close after SIX terminated the cooperation contract between the two exchanges.
Due to this termination of the cooperation contract the joint venture will end on 30 June 2013.
The markets brought into the venture will be returned to their parent companies.
ICAP has launched i-Swap, its electronic interest rate derivative platform in the US for trading of US Dollar interest rate swaps (IRS).
Barclays, BofA Merrill Lynch, Citi, Deutsche Bank and JP Morgan are supporting i-Swap by providing streaming prices.
An additional 30 banking and investing institutions have access to trading on the platform. Initial levels of participation on the platform were encouraging and are expected to increase over the course of the coming weeks and months.
i-Swap is a trading platform for interest rate derivatives that enables customers to choose optimal execution methods, either through a broker or directly
IntraLinks has launched a cloud-based investor communication platform, IntraLinks Investor Portals, designed to allow hedge funds, private equity and real estate managers to better differentiate their brands, meet the transparency demands of institutional investors and compete effectively for assets.
Scalable, secure, and easy to use, the Investor Portals platform will be premiered at two alternative investment trade shows, SuperReturn International 2013 in Berlin on 26 February and at the iGlobal Real Estate Private Equity Summit on 6 March.
"As institutional investors continue to allocate to alternative investments, the rules of engagement – marketing, reporting and client service- are changing quickly,"
Options, the provider of the Options PIPE Private Financial Cloud services platform for the exchange, banking, trading and investment communities, is to open an office in Chicago next month.
Scheduled to open on 1 March, Options’ Chicago office will enable the firm to better serve the growing number of regional clients, as well as to communicate with proprietary trade firms in the area.
Options has had a presence in the Chicago area since 2007 when it began offering co-location services at the Cermak datacenter facility.
The Chicago office will expand Options’ presence in major global financial markets which include New
Pine River Capital Management has deployed its Flex Trade Systems’ FlexTRADER EMS to facilitate trading for equities, FX and listed derivatives.
“In this business, one has to continue to innovate or die,” says Scott Reinhart, head of Pine River Capital Management’s Hong Kong office. “Trading strategies that might have been successful five years ago simply might no longer be attractive. FlexTrade’s solutions have helped us to expand our existing strategies and quickly launch new ones across multiple asset classes and geographic regions.”
As part of the deployment, Pine River is live with FlexTRADER for equities, FX, equity options trading and
The turnover of investment certificates and leverage products traded on the European stock exchanges in the fourth quarter of 2012 was EUR20.7bn, or 13.4 per cent lower than in the third quarter of the year.
In year-on-year terms, the decline amounted to 21.9 per cent. 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.
Six national associations contributed to the market statistics: Zertifikate Forum Austria (ZFA), Association Française des Produits Dérivés de Bourse (afpdb), Deutscher Derivate Verband (DDV), Associazione Italiana Certificati e Prodotti
Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, has released its OData (Open Data Protocol) interface to provide customers with an enhanced analytics and reporting capability by improving the integration between Inferno and other enterprise systems.
Inferno is a post-trade securities and derivatives processing software service meeting the needs of regional and mid-sized investment banks, asset managers, hedge funds and brokers for clearing, settlement and integrated accounting across multiple assets, currencies and geographies.
OData is a web-based protocol originally proposed by Microsoft to allow open access to data across multiple IT platforms. In
QuantHouse, S&P Capital IQ’s real time operation, has partnered with the European arm of Russian financial institution BCS Financial Group to launch low latency market data for MICEX-RTS – Russia’s main equity market.
In addition, BCS is leveraging its trading infrastructure and advanced algo-trading development tools.
There is established and long-term demand among European buy-side firms, hedge funds and specialist trading firms to access the Russian market. Coupled with this, is the increasing investment in smart and cost-effective technology to exploit arbitrage opportunities that exist between the prices of securities listed on multiple venues.
“As a result of
FIX Protocol Ltd (FPL), a non-profit, industry standards organisation for the global electronic trading community, has published recommended best practices and accompanying implementation guidelines for the electronic trading of bonds.
These recommendations will enable bond market participants to benefit from cost effective and efficient connectivity to the growing number of bond trading platforms emerging across the US and European markets.
Regulatory efforts to increase capital requirements and enhance transparency, in this traditionally voice traded asset class, have led to market structure changes, creating an increasingly automated and venue-driven trading environment. The best practices and implementation guidelines provide recommendations to both
