Solutions
All registered swap dealers active in credit and interest rate trading are now sending information to the Depository Trust & Clearing Corporation’s (DTCC) swap data repository, DTCC Data Repository (DDR).
On 31 December, DDR began accepting data from swap dealers for over-the-counter (OTC) trades as outlined by the Dodd Frank Act and the Commodity Futures Trading Commission’s (CFTC) real-time and regulatory reporting rules.
DDR is now publishing real-time price information. Since the 31 December swap dealer reporting deadline, DDR has disseminated more than 10,000 records, which represent the vast majority of the reportable OTC derivatives market. Reports are available through
Celoxica, a provider of ultra low latency market data and order entry solutions for high frequency traders, has launched its next generation hardware-accelerated, futures trading platform for firms executing low latency trading strategies on futures exchanges.
Continued volatility and escalating market volumes in the global futures markets has led to trading firms increasingly seeking to capitalise on short-term disparities between pricing on both the US and European futures markets.
Celoxica’s futures trading platform provides a fully optimised, ultra-low latency market data and trade execution platform, with single digit latencies from wire to wire irrespective of market conditions.
Based on FPGA
Total exchange-wide trading activity and trading volume in futures on the CBOE Volatility Index (VIX) reached new all-time highs during 2012.
Total exchange-wide trading activity and trading volume in futures on the CBOE Volatility Index (VIX) reached new all-time highs during 2012.
In a record-setting year, a host of new milestones were achieved at the exchange.
Total CFE trading volume in 2012 set a new record with 23.89 million contracts traded, an increase of 98 per cent from 12.04 million contracts traded in 2011, the previous annual record. The year 2012 marked the third consecutive year of record exchange-wide trading
The Eurekahedge Hedge Fund Index was up one per cent in December, bringing the yearly number to 5.63 per cent.
The MSCI World Index returned 2.28 per cent in December and was up 13.75 per cent for year 2012.
Hedge funds started the year on a strong positive note, gaining 4.16 per cent in the first two months before posting losses for four consecutive months. Performance rebounded in the second half of the year, with hedge funds gaining 3.92 per cent, as global markets rallied amid positive announcements by governments around the world.
Total hedge fund assets grew by USD75bn
The international derivatives markets of Eurex Group ended 2012 with a turnover of approximately 2.3 billion contracts, compared with 2.8 billion in 2011.
The total volume for 2012 splits into 1.7 billion contracts traded at Eurex Exchange (2011: 2.0 billion) and 631.8 million contracts traded at the International Securities Exchange (ISE) (2011: 778.1 million).
This corresponds to a daily average trading volume of 9.0 million contracts (2011: 11.1 million), thereof 6.5 million contracts at Eurex Exchange and 2.5 million contracts at ISE.
At Eurex Exchange, the equity index derivatives segment was the largest in 2012 with a total yearly volume
CBOE Volatility Index (VIX index) futures set a new single-day volume record of 212,800 contracts (estimated) on 31 December 2012.
The new daily record eclipsed the previous single-day record of 190,081 contracts traded on 13 September 2012.
This is the first time in CFE history that trading volume has surpassed 200,000 contracts in a single day.
VIX futures are poised for another record year in 2012, with trading volume up 86 per cent through November.
The top four trading months for VIX futures occurred in the last four months of 2012.
The Hedgeweek Awards 2013 for the best hedge fund
Societe Generale Corporate & Investment Banking has become a clearing member of EurexOTC Clear for Interest Rate Swaps (IRS). By joining this new CCP for OTC derivatives, Societe Generale Corporate & Investment Banking and its clients will thus be able to prepare for the start of the clearing obligation in Europe.
“As a leading Euro derivatives fixed income house, we are pleased to join the Eurex IRS Clearing platform. This move is part of the bank’s active preparation for new regulation under EMIR. Societe Generale Corporate & Investment Banking is committed to bringing liquidity and support to key IRS OTC
LCH.Clearnet SA, the Paris-based clearing house of LCH.Clearnet Group, and NYSE Euronext have reached an agreement on the main terms and conditions of a six year clearing contract with respect to NYSE Euronext’s continental cash equities markets.
The parties are currently reviewing the technical elements and are in the process of finalising the agreement.
The agreement is expected to commence on 1 January 2013 and will run through 2018. The new contract would then replace the existing contract that was due to end on 31 December 2013 for cash equity transactions.
The contract, once signed, would enable LCH.Clearnet SA
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished November up 0.64 per cent, with nine out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD1.3bn in November, bringing overall assets under management for the industry to approximately USD1.76trn.
The fixed income arbitrage and equity market neutral sectors experienced the largest asset inflows on a percentage basis, with inflows in November equal to 2.64 per cent and 1.06 per cent of the October 2012 levels, respectively.
Event driven funds generally sustained positive performance in November. Contributors for the
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has launched AbacusVoice, a fully managed voice solution.
AbacusVoice offers the convenience of a hosted turnkey solution with always-on technical support, eliminating the need to invest in on-site systems and maintenance staff.
As budgets are squeezed across the industry, AbacusVoice enables firms to focus their resources on their core business rather than their telephony. AbacusVoice is a fully scalable all-in-one solution that allows firms to add and upgrade features seamlessly as they become available. All call traffic is routed over a secure private network,
