Solutions
NYSE Liffe’s Robusta Coffee and Cocoa Futures contracts will be added to the Rogers International Commodity Index (RICI) for the first time.
The changes will be implemented during the January roll period, at the end of January 2013.
These new contracts will replace the existing Intercontinental Exchange’s Arabica Coffee and Cocoa contracts and will give NYSE Liffe’s Robusta Coffee and Cocoa contracts weightings of two per cent and one per cent respectively.
The index was designed to meet the need for consistent investing in a broad-based international vehicle; it represents the value of a basket of commodities consumed in
Sciens Alternative Investments has launched the Sciens Managed Account Risk Technologies (SMART), an interactive risk analytics and portfolio construction engine that enables investors to evaluate their hedge fund portfolios and aggregated fund exposures on Sciens Managed Account Platform (MAP).
John Godden, head of managed account platform, Sciens, says: “The main challenge for hedge fund investors is insufficient and/or out-of-date information on which to base investment decisions. We created SMART in response to a growing desire among institutional investors to manage Hedge Fund investments in the same way as their traditional equity/bond portfolios. SMART is unique because it draws upon up-to-date
The Eurex KOSPI Product traded 352,562 contracts on 7 November 2012 – a new daily record since the June 2012 introduction of the 500,000 KRW contract multiplier.
The trading value of this daily record equals 121 billion Korean Won.
Average daily volume year-to-date: 139,431 contracts
Average daily volume 2011: 71,454 contracts
Total volume year-to-date: 29,419,984 contracts
Total volume full year 2011: 17,577,676 contracts
NYSE Euronext has announced the 2013 holiday calendar and early closing dates for its European markets.
NYSE Euronext’s European cash markets, including NYSE Arca Europe and SmartPool Trading, and its derivatives markets will be open Monday to Friday through 2013 except on the following days:
• Tuesday 1 January 2013 (New Year’s Day)
• Friday 29 March 2013 (Good Friday)
• Monday 1 April 2013 (Easter Monday)
• Wednesday 1 May 2013 (Labour Day) [On Wednesday 1 May 2013, certain London market contracts will however be available for trading, i.e. interest rate products, UK-based commodity contracts and those equity derivatives for which the
The Depository Trust & Clearing Corporation (DTCC) processed approximately USD19trn in securities transactions last week during the events of Superstorm Sandy.
During and since this time period, DTCC has remained operational from its multiple out-of region facilities.
The company’s New York-based employees began working remotely at the onset of the storm, and DTCC’s emergency recovery centre in Brooklyn was active by 31 October.
“DTCC’s robust business continuity strategy includes having a number of facilities operating on a daily basis from different locations, maintaining multiple technology redundancies and a disbursed employee population. This enables us to stay operational even under the
Eurex Clearing is to go live with Europe’s first central counterparty (CCP) service for the bilateral securities lending market on 22 November.
In order to ensure a smooth and efficient market establishment, Eurex Clearing’s lending CCP will commence operations with an initial group of banks and asset classes.
At the start, German and Swiss blue chip equities and exchange-traded funds (ETFs) will be available for pilot clients. This initial phase will allow clearing members to lay the necessary foundations for the alignment of their systems and processes and extensively test the infrastructure to access this innovative CCP offering. Building on
Total monthly volume in futures on the CBOE Volatility Index (VIX) reached an all-time high for a second consecutive month in October 2012.
The record trading activity in VIX futures also drove total volume at CFE to a new all-time high.
Total monthly trading activity in VIX futures during October was a new all-time high of 2,443,878 contracts, a gain of 172 per cent from the 897,966 contracts traded in October 2011 and up two per cent from the 2,400,552 contracts during September, which had been the previous record.
In October, average daily volume (ADV) in VIX futures totalled
Deutsche Bank has launched an app-based fund solution that provides access to its fund administration services as well as award-winning research and analytical tools in one place via the Bank’s Autobahn App Market.
The Autobahn App Market not only consolidates hedge funds, fund of funds and private equity applications in a single sign-on, intuitive environment, it also gives alternative investment managers access to the full resources of Deutsche Bank, including industry research, analytic tools and customised reporting included in the existing package.
The Autobahn App Market is a web-based distribution channel that to date contains more than 150 Apps. The
Strate (The Licensed Central Securities Depository for electronic settlement of Financial Instruments in South Africa) is to replace its current bond market system UNEXcor with the Market Infrastructure solution from the TCS BaNCS product suite.
The solution will provide Strate with the ability to adopt multiple BIS settlement models along with a flexible framework to cater to market-specific requirements designed to maximize settlement efficiency.
In line with global trends, the solution provides comprehensive support for both nominee and beneficiary accounts, thereby providing Strate with the ability to smoothly transition to an SOR (Securities Ownership Register) market model.
As part of
Risk-AI and BarclayHedge have collaborated to produce the first hedge fund risk application for the iPad.
The new application allows users of Risk-AI’s Transparency Analytics software to view data and analysis wherever they can use their iPad.
“This application allows users to quickly research hedge fund managers and review fund information anytime and anywhere, even without Internet connectivity,” says Aleksey Matiychencko, senior partner and chief executive of Risk-AI. “For example, you could do a quick check on the performance of a hedge fund manager you hear at a conference or meet at a networking event. It could also prove useful
