Solutions
The Credit Suisse Liquid Alternative Beta Index was down 0.24 per cent in November, according to Jordan Drachman, head of alternative beta strategies at Credit Suisse.
The merger arbitrage strategy was the most significant contributor to performance, finishing up 0.85 per cent for the month.
Event driven strategy is the second most significant contributor, finishing up 0.41 per cent, and continues to be the highest performing strategy year-to-date, up 9.57 per cent thus far in 2012.
The managed futures strategy was the most significant detractor from performance, finishing down 0.65 per cent for the month.
The total trading volume on the European Energy Exchange (EEX) natural gas market amounted to 7,388,020 MWh in November.
The spot market accounted for 3.474,450 MWh and the derivatives market for the other 3.913,570 MWh.
The daily reference price on the spot market for natural gas ranged between EUR26.44/MWh and EUR28.41/MWh.
The European Gas Index (EGIX), published by EEX, displays the current market price for natural gas deliveries in the following month. For December delivery, the EGIX Germany reference price was fixed at EUR27.40/MWh.
For emission allowances, a total volume of 62,301,000 tonnes of CO2 was traded in November. A
Eurex Exchange, the derivatives arm of Deutsche Börse Group, has launched what it believes to be the world’s most advanced trading system.
Participants of Eurex Exchange will benefit from significantly improved performance, more choice and enhanced functionalities.
“We believe this ‘next generation’ system will substantially change the way traders and investors access the world’s most dynamic markets, and it will establish a clear competitive advantage for our participants,” says Jürg Spillmann, member of the Eurex executive board and responsible for IT and operations.
“It has been designed in close partnership with exchange users, and we have built in the flexibility
ATA RiskStation has launched a web-based risk reporting solution for hedge funds and hedge fund services providers powered by PortfolioScience’s RiskAPI, an on demand, multi-asset risk analysis system.
"Our proprietary risk system fills a clear market gap for cost-effective but comprehensive risk modelling," says Aladin Abughazaleh, ATA RiskStation’s founder. "Our core premise is that no single measure of risk is perfect or reliably models downside exposure in all market conditions and for all portfolio types."
The service offers clients the ability to set up highly customised risk scenarios that use a variety of Value at Risk and stress testing models.
NYSE Liffe, the European derivatives business of NYSE Euronext, has expanded Bclear, the exchange’s trade confirmation, administration and clearing service, to include fixed income products.
The new contracts available through Bclear will be Three Month Euro (Euribor) Futures, Three Month Sterling (Short Sterling) Futures and Long Gilt Futures.
The new Bclear contracts will be available to NYSE Liffe members from 10 December 2012.
NYSE Liffe will be extending its Bclear service to accommodate market participants seeking to execute large size interest rate products. The exchange is focused on facilitating efficient markets and its Bclear solution reconciles the processing and
CBOE Futures Exchange, LLC (CFE) plans to launch trading in S&P 500 Variance futures on Monday, 10 December. The S&P 500 Variance futures contract, like over-the-counter (OTC) variance swaps, allows users to trade the difference between the implied and realized variance of the S&P 500 Index.
CFE’s variance futures contract will offer the same quoting conventions and economic performance of OTC variance swaps and will provide the advantages of exchange-traded contracts — transparency, price discovery and counterparty clearing guarantees.
The new S&P 500 Variance futures contract is designed to offer benefits to both existing OTC users and to customers who have
The European Energy Exchange (EEX) has completed a contract agreement with the Hungarian Ministry of National Development for the auctioning of EU Allowances (EUA) for the second trading period of the EU ETS.
The auction volume amounts to 2.5 million EUAs and is to be auctioned on the EEX Spot Market in two tranches of 1.25 million EUAs each.
The auctions will take place on 10 December and 17 December 2012 with the bidding window open from 1pm to 3 pm CET.
The Hungarian Ministry of National Development – which has recently been admitted as auctioneer for Phase III auctions
Advent Software has launched a new interface between Tamale RMS and IntraLinks offering multi-manager organisations enhanced information automation and significant time savings with their research and due diligence processes.
Advent’s Tamale RMS is the only RMS to offer the IntraLinks service to its multi-manager clients.
The interface:
• Enables automatic transfer of monthly documents from hedge fund and private equity managers to Tamale RMS, categorized according to the client’s preferences,
• Eliminates multiple extra steps and manual data entry to add the necessary data into a single system of record for research (Tamale RMS), and
• Automates due diligence
PEAK6 Advisors, an investment advisory firm launching a multi-asset class hedge fund, has selected Paladyne FastStart as part of its institutional-grade investment management platform.
PEAK6 Advisors is a unit of PEAK6 Investments, a financial institution based in Chicago with businesses spanning the proprietary trading, investment advisory, and online brokerage sectors.
The newly formed fund is led by former UBS executive Joseph Scoby, chief executive officer of PEAK6 Advisors and chief investment officer of the fund.
The fund has implemented Paladyne FastStart, a bundled technology and services offering that combines Paladyne’s firm-wide technology platform with a selection of operational, market data
Interactive Data, a provider of managed ultra-low latency infrastructure and market data services designed to facilitate electronic trading, has launched a new version of the Interactive Data RMDS Feed Handler, capable of delivering a lower latency consolidated data feed at a reduced total cost of ownership.
The RMDS Feed Handler is designed to offer Interactive Data’s Consolidated Feed across a customer’s entire market data platform infrastructure, powering multiple applications without a laborious re-engineering effort.
The Interactive Data RMDS Feed Handler presents data to applications using the same data models they were originally designed to utilise. This approach enables applications
