Solutions
Clearstream and Belfius have agreed to develop a new collateral management activity for bilateral trades, focusing on over-the-counter (OTC) derivatives and aimed primarily at corporates and medium-sized banks.
The service, which will leverage Belfius’ specialist experience, will be white-labelled by Clearstream and offered to its clients.
It is expected that the new outsourced service will be launched in 2013 following the signature of a letter of intent.
The deal is the latest in a number of strategic partnerships created by Clearstream as it extends the reach and capabilities of its Global Liquidity Hub, a collateral management environment delivering worldwide services
Eurex Repo, the marketplace for international, electronic repo trading and secured funding, plans to extend the maximum term of tradable securities for the Eurex Repo markets such as GC Pooling and Euro Repo.
Currently, the maximum duration for transaction is one year; as of 21 January, customers can also trade terms of up to two years.
With this step, Eurex Repo provides its market participants with a new and easy-to-use opportunity to make use of the repayment option of the Long Term Refinancing Operations of the European Central Bank (ECB). Starting on the 30 January, the ECB will allow banks
Saxo Bank, the multi-asset online trading and investment specialist, has launched Saxo Prime, its new FX prime brokerage solution offering institutional clients direct market access (DMA) to major FX liquidity providers and venues worldwide.
Saxo Prime combines prime brokerage functionality from Saxo Bank with connectivity from MarketFactory, a provider of low latency algorithmic trading software and hosted co-location services.
Saxo Prime expands Saxo Bank’s product offering for asset managers, retail brokers and proprietary trading firms by offering FX DMA. Saxo Direct, the API (Application Programming Interface) connectivity solution, provides access to Saxo Bank’s own cross-asset liquidity.
Saxo Prime’s DMA functionality
Phillip Futures, the Chicago-based futures clearing entity of Singapore’s Phillip Capital, and Trading Technologies International (TT), a provider of professional derivatives trading software and solutions, have begun offering TT’s high-speed derivatives execution solutions to Phillip Futures’ customers in the US.
The new initiative between Phillip Futures and TT builds on the success of the firms’ existing Asia-centric distribution agreement and coincides with the launch of Phillip Futures’ US-based trading network, which offers co-location access to CME Group’s data centre in Aurora, Illinois.
The network will provide the firms’ mutual customers with ultra-high-speed, low-latency access to the TT-supported markets traded through
The Conifer Group, a provider of fund administration, middle office, trading and prime brokerage services, has launched its proprietary cloud-based Form PF solution.
The Conifer Form PF solution is based on Conifer’s iCon portal, a cloud-based platform for portfolio accounting, reporting, analysis and data warehousing.
Leveraging the iCon technology will allow Conifer’s fund administration clients and other funds to complete, file and revise Form PF, an in-depth document which must be submitted to the Securities and Exchange Commission by all registered fund managers advising at least USD150m in private fund regulatory assets.
"This solution represents a significant development in our
The PFSOFT company, a trading technology provider, has launched an enhanced web trading application.
This new front-end allows users to access to the Protrader platform regardless of whether they use Windows, Mac or other operating systems.
"As well as our Desktop solution, Protrader for Web allows users to trade professionally over all asset classes from one place. In addition to basic functionality, web application provides traders with advanced charting, level 2 quotes, option chain, and even automated strategies management. Our team is very proud to have the most advanced web interface on today’s market," says Vitalii Ivliev, analyst at PFSOFT.
NYSE Euronext global derivatives average daily volume (ADV) in December 2012 totalled 7.5 million contracts, a decrease of 0.2 per cent compared to December 2011 and a decrease of 8.0 per cent from November 2012 levels.
NYSE Euronext European derivatives products ADV in December 2012 totalled 3.5 million contracts, an increase of 1.5 per cent compared to December 2011, but a decrease of 12.4 per cent from November 2012 levels.
Excluding Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives products ADV increased 8.5 per cent compared to December 2011 and increased 1.5 per cent from
Advise Technologies, a software solutions provider for global regulatory compliance, saw rapid growth during 2012.
Advise secured significant new client gains across the US fuelled by demand for its solutions, including its Consensus RMS suite of regulatory reporting tools.
A majority of first-round Form PF filers in the industry successfully filed using Advise’s Consensus RMS suite in July/August, and again in October/November.
In response to this demand and to help private funds prepare for the Alternative Investment Fund Managers Directive (AIFMD), Advise plans to open an office in Europe in 2013. The company continues to add global sales and
BNY Mellon has received regulatory approval to launch a new Issuer Central Securities Depository (CSD) entity that will offer market participants enhanced interoperability and efficiency in the global post-trade arena.
BNY Mellon CSD SA/NV will offer issuer, settlement and safekeeping services for the benefit of all market participants across Europe and the wider global marketplace.
Tim Keaney, vice-chairman and chief executive of investment services at BNY Mellon, says: “BNY Mellon supports current regulatory and infrastructure initiatives aimed at making the securities markets more efficient and safer for all participants. Establishing BNY Mellon CSD reflects our proactive engagement with those
Scoach achieved a trading volume of EUR42.6bn in Zurich and Frankfurt in 2012.
Since it was founded, Scoach has held its number one position in Europe continually and ranks third in global terms behind the Hong Kong Exchange and the Korean Exchange.
Its total offering of more than 950,000 tradable products is the largest in the world.
Turnover in Frankfurt stood at EUR16.1bn in 2012, 18 per cent less than in 2011. At 1.8 million, the number of transactions was 34 per cent lower than in 2011.
The average order volume increased by 25 per cent to approximately EUR9,000 per
