Solutions
ICE Clear Europe and Liffe Administration and Management have entered into a clearing services agreement by which ICE Clear Europe will provide clearing services to the London market of NYSE Liffe.
The clearing services agreement will allow NYSE Liffe to transition from its current clearing arrangements.
"We are pleased to extend our innovative and proven clearing services through this agreement with NYSE Liffe. We will draw upon our experience as we work with NYSE Liffe to provide the regulated risk-management tools that NYSE Liffe’s customers rely on to compete effectively in an evolving regulatory and economic environment," says Paul Swann,
Interdealer broker and post trade risk services provider ICAP has taken an equity stake in iSwap, a trading platform for interest rate swaps.
Citigroup has joined as an investing partner and will support the platform with streaming prices, alongside the other shareholding banks Barclays, BofA Merrill Lynch, Deutsche Bank and JP Morgan.
The potential exists to expand further the number of banks participating in the i-Swap initiative.
As disclosed at ICAP’s half year results announced on 14 November 2012, volumes on the i-Swap platform have improved markedly over the past six months. This trend further accelerated in October as
Institutional stock brokers continued to be modestly bullish throughout the fourth quarter of 2012, continuing the trend from the end the third quarter which bodes well for the first quarter of 2013, according to a survey by TIM Group.
This is despite concerns over the US and European fiscal and economic situations and the US election which gyrated the market in 4Q12.
“It seems to be a clear case of stay calm and carry on,” says Colin Berthoud, TIM Group co-founder. “At this point, the general outlook is that brokers are sanguine if not slightly positive about the outcome of
November presented a mixed trading environment for the Newedge indices, with commodity strategies fairing poorly, extending a recent downturn in performance.
The Volatility Trading Index meanwhile, continued a good run and has now been positive in eight of the 11 months in 2012.
The best performer was the Newedge Macro Trading Index (Quantitative), which rose 0.86 per cent.
The worst performer was the Newedge Commodity Trading Index (Trading), which fell 1.16 per cent.
The Newedge Trend Indicator was down 0.33 per cent in November taking it to -16.69 per cent year-to-date, while the Newedge Volatility Trading Index is now up
Managed futures lost 0.39 per cent in November, according to the Barclay CTA Index compiled by BarclayHedge.
The index has lost 1.45 per cent year to date, compared to a gain of 0.73 per cent in the S&P GSCI Index.
“Profitable positions in the continuing uptrend in bond markets and the downtrend in the Japanese yen were insufficient to overcome losses in other sectors,” says Sol Waksman, founder and president of BarclayHedge.
Five of Barclay’s eight CTA indices had losses in November. The Agricultural Traders Index dropped 1.23 per cent, diversified traders gave up 0.50 per cent, and systematic traders
CAIS Exchange (CAIS-X), the first online alternative investment marketplace for the wealth management industry, has expanded its suite of adviser tools to include MSCI’s RiskMetrics HedgePlatform, an investment decision support tool providing hedge fund transparency and risk analysis.
The addition of RiskMetrics HedgePlatform will allow CAIS-X member firms to better analyse, monitor and manage their alternative investments through access to in-depth reports based directly on the individual positions at the underlying funds.
The addition of RiskMetrics HedgePlatform coupled with CAIS’s longstanding due diligence partnership with Mercer, provides an institutional solution previously not available to the broader wealth management industry. Through
Pacific Fund Systems (PFS) and StatPro have teamed up to allow PFS-PAXUS users that sign up to StatPro’s services to perform online portfolio analysis and Value at Risk (VaR) calculations.
StatPro Revolution, a cloud-based portfolio analysis platform for the front and middle office, will integrate seamlessly with PFS’s PFS-PAXUS integrated fund accounting and share registry platform.
By linking directly to PFS-PAXUS, StatPro Revolution is linked to the official book of records providing independence and comfort from a transparency and oversight perspective.
James Eldershaw, director at PFS, says: “Creating a seamless interface between our two systems allows PFS clients to view
The Dow Jones Credit Suisse Hedge Fund Index finished up 0.64 per cent for the month of November, with all but one of the ten sub-strategies finishing the month in positive territory.
Emerging markets (+1.10 per cent) and multi-strategy (+1.0 per cent) were the top performing sub-strategies, while dedicated short bias (-0.43 per cent) was the worst performer.
The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in November: First Quadrant Global Macro Fund, Gruss Arbitrage Fund, and Sorin Funds.
The Hedgeweek Awards 2013 for the best hedge fund performers and service providers will be
Fidessa group has completed the pan-European FIX integration from Fidessa’s OMS to Squawker, the block trading negotiation venue.
The systems integration will ensure that users of the Fidessa European Trading Platform (ETP) will be able to route orders, IOIs and advertised trades to Squawker direct from their OMS, when the new block trading venue goes-live in the first quarter of 2013.
Chris Gregory, chief executive, Squawker, says: “Squawker matches trading counterparts, enabling them to build block volumes together, according to their different types of interests. Those interests can be expressed by users from their OMS using orders, IOIs and
Interactive Data, a provider of managed ultra-low latency infrastructure and market data feed services, has expanded the Interactive Data 7ticks network to include a new point-of-presence (POP) for the London Stock Exchange within the LSE’s co-location data centre.
Interactive Data, a provider of managed ultra-low latency infrastructure and market data feed services, has expanded the Interactive Data 7ticks network to include a new point-of-presence (POP) for the London Stock Exchange within the LSE’s co-location data centre.
Growth in demand for greater data centre connectivity services in London continues to be driven by the city’s position as a global financial hub.
