Solutions
Neonet has added two markets to its execution services offering to further strengthen its coverage of European equities – Athens Stock Exchange and Istanbul Stock Exchange.
“Greek equities will complement Neonet’s focus on offering trading access to all markets in the Eurozone, while the Turkish addition addresses investors’ recognition that the Turkish economy has continued to grow despite global macro volatility,” says Massimiliano Raposio, vice president sales at Neonet. “Furthermore the Istanbul Stock Exchange has become increasingly important, having upgraded its connectivity and market operations.”
Access is available through Neonet’s execution services offering as of 3 October.
The London Metal Exchange (LME) experienced record volumes in September, with 14.09 million lots traded.
Average daily volume is up 8.5 per cent from 2011 with 633,702 lots trading per day.
Up to the end of September 2012, 119.1 million lots traded, the equivalent of USD10.9trn in notional turnover, which is up 11 per cent from the corresponding period last year (107.0 million lots).
The LME’s previous monthly record was set in September 2011, with 13.97 million lots traded.
PrimeOne Solutions, a division of CoreOne Technologies, is rolling out its new equity swap platform, Syn Prime, a synergistic addition to its set of hosted prime finance technology solutions.
Syn Prime was developed by a team of industry experts to provide investment banks, and hedge funds with all aspects of managing and valuing synthetic trading activities including robust financing capabilities, P&L, dividend workflows, resets and commissions.
“Most financial firms have traditionally built swap systems internally,” says EJ Liotta, global head of PrimeOne Solutions. “The market environment has permanently changed this strategy for firms and now is the time for them
Trend Capital, a Greenwich Connecticut based global macro hedge fund, has deployed Navatar Hedge Fund Cloud to manage its fundraising and investor relations.
Navatar Hedge Fund Cloud helps manage operational functions, including investor subscriptions and redemptions, fund offering and returns, security holdings and trades, fund exposure and risk.
It runs entirely in salesforce.com’s cloud and can be fully operational for a low monthly fee.
"We are very excited that Trend Capital chose to run their hedge fund business on the Navatar cloud service," says Ketan Khandkar, principal, Navatar Group. "Financial firms around the world are choosing Navatar cloud service so
The international derivatives markets of Eurex Group recorded an average daily volume of 10.2 million contracts in September 2012, down from 12.4 million contracts in September 2011.
Of those, 7.5 million were Eurex Exchange contracts (September 2011: 9.1 million), and 2.7 million contracts (September 2011: 3.3 million) were traded at the US-based International Securities Exchange (ISE).
At Eurex Exchange, the equity index derivatives segment totalled 68.9 million contracts (September 2011: 112.6 million). The single largest contract was the future on the Euro Stoxx 50 Index with 30.6 million contracts. The option on this blue chip index totalled 23.5 million contracts.
The CBOE Futures Exchange (CFE) says September 2012 was the most active trading month ever for futures on the CBOE Volatility Index (VIX).
The record trading activity in VIX futures drove total volume at CFE to a new all-time high.
During the month, several new trading records – for both VIX futures and CFE – were set.
In September, average daily volume (ADV) in VIX futures reached a new all-time high of 126,345 contracts, which surpassed the previous record ADV of 102,587 contracts during June 2012. September’s ADV increased by 170 per cent from the 46,784 contracts ADV in September
The Commodity Futures Trading Commission has approved the application of trueEX for designation as a contract market.
trueEX is organised as a Delaware limited liability company and is a wholly owned subsidiary of trueEX Group.
trueEX has indicated that initially it intends to list for trading interest rate swap contracts. It will be the first designated contract market to do so as permitted under the Dodd-Frank Act.
Clearing services for trueEX will be provided by the Chicago Mercantile Exchange. Swap data repository services will be provided by DTCC Data Repository. Regulatory services for trueEX will be performed by
With effect from 1 October, bond trading on Xetra will be expanded to include over 2,000 international government and corporate bonds and 60 German government bonds.
Trading participants will benefit from a transparent and liquid bond market and gain access to a broad investor network via Xetra.
For the first time, the open Xetra order book will have a depth of five, showing the five best bid- and ask-limits and the market data dissemination offers trading participants complete transparency in pre and post trading. Xetra Bonds thereby meets the highest transparency requirements.
Designated sponsors and specialists provide additional liquidity in
Pacific Fund Systems has included an automated Form PF solution in the latest release of its PFS-PAXUS fund accounting and share registry software platform.
The solution, which is fully integrated into PFS-PAXUS, provides for the automated generation of an xml file for submission to FINRA’s Private Fund Reporting Depository.
The application also contains a user-friendly Form PF submission editor and an enrichment function to calculate and populate automatically those data elements which can be calculated directly from the PFS-PAXUS database.
Further functionality has been provided for file storage and organization of incomplete and complete submissions in the PFS-PAXUS database itself.
RBC Investor Services has launched a Global Derivatives Platform for listed and OTC derivatives.
This single platform and operating model was developed to deliver middle and back-office services to listed and over-the-counter (OTC) derivatives for a wide range of global clients.
RBC Investor Services’ clients are increasing their investments in listed and OTC derivatives using a convergence of traditional and alternative investment strategies. Client migrations to the platform have already begun and will continue in 2013 with the integration of the new central clearing requirements in the global operating model.
“This is a robust, scalable, and flexible application that enables
