Solutions
In co-operation with ČEZ Group, the European Energy Exchange (EEX) has expanded its Transparency in Energy Markets platform with energy market data from the Czech Republic.
From now on, information provided voluntarily on the platform regarding the installed and available capacity, the volume generated on the previous day as well as scheduled and unscheduled non-availabilities of power from ČEZ power plants will be displayed on the platform.
Compared with the entire generation capacity installed in the Czech Republic the degree of coverage (20.2 GW) is approximately 60 per cent.
“Through the enlargement of the platform with Czech generation data we
The London Metal Exchange’s (LME) minor metals contracts have reached USD1bn in notional turnover.
Cobalt and molybdenum have traded 7,748 lots so far in 2012, (equivalent of USD291m) with a total of 22,161 lots traded since launch (equivalent of USD1bn).
LME Cobalt volumes surged 91 per cent in 2012 (January-July) compared with the corresponding period last year. Cobalt also reached record market open interest in March 2012 at 619 lots. LME Molybdenum volumes also increased nine per cent in 2012, with 310 lots traded from January to July 2012.
"LME cobalt volumes have been steadily growing in 2012," says Chris
The secondary market, where investors historically went to trade their illiquid holdings in hedge funds, private equity and other alternative investments, is increasingly a source of liquidity in normal times and not just an escape hatch for investors in duress, according to a recent survey of more than 489 institutional investors managing gross assets of USD417bn.
The survey indicates that, while USD65bn worth of secondary stakes are now traded annually, this market is expected to grow 125 per cent within the next year, to USD146bn.
Even with that increase, that trading would only represent about two per cent of
The international derivatives market Eurex Exchange has set several new records in its Euro-OAT Futures.
In August 2012, open interest exceeded for the first time the 100,000 threshold with 104,869 contracts.
Trading volume in July also set a new record, both in average daily volume with about 19,600 contracts and in total with 431,000 contracts. Total volume since launch is close to 1.5 million contracts. The OAT futures were launched on 16 April and are based on the notional long-term bonds issued by the French Republic (Obligations Assimilables du Trésor – OAT).
Since launch, more than 150 Eurex customers have
NYSE Euronext European derivatives products average daily volume (ADV) in July 2012 totalled 3.5 million contracts, a decrease of 6.8 per cent compared to July 2011 and a decrease of 24.7 per cent from June 2012 levels.
The 3.5 million in European derivatives futures and options contracts ADV in July 2012 consisted of 2.7 million contracts executed through NYSE Euronext’s full-service Liffe Connect trading platform and 0.8 million contracts, or 23.8 per cent, executed through Bclear, NYSE Liffe’s trade administration and clearing service for OTC products.
Excluding Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives
From 13 August, all New York Stock Exchange and NYSE MKT securities as well as staff, operations and systems responsibility will return to the Designated Market Maker (DMM) unit of Knight Capital Americas from GETCO in light of the completion of Knight Capital’s recapitalisation plan.
In accordance with applicable rules, the NYSE and NYSE MKT temporarily assigned custodial responsibility for approximately 524 NYSE and 156 NYSE MKT listed securities from Knight’s DMM unit to the GETCO DMM on 6 August 2012.
“Knight and GETCO have demonstrated outstanding commitment and leadership in serving the best interests of investors, our
Orc, a provider of technology and services for the global financial industry, is to support Eurex Exchange’s new trading architecture, the all-new trading platform scheduled for launch on 3 December 2012.
Orc says clients will immediately benefit from performance improvements, enhanced features and greater flexibility offered by the new platform, including new order types and more efficient processing and reporting.
Eurex Exchange’s new trading architecture will be launched in steps over a three to four month period. Orc, by working closely with Eurex Group, will support the migration from day one in each of these steps.
“Eurex Exchange’s new platform
Last week’s buy-side notional cleared on SwapClear is nearly double the amount of the clearing service’s previous industry record-breaking week, totalling USD233.4bn.
Additionally, SwapClear hit its second trillion in cumulative buy-side notional cleared in only two months (USD2.016trn).
SwapClear believes that these industry records and the rapid pace at which they were achieved are evidence that buy-side clearing is gaining momentum ahead of the regulatory mandates.
The New York Stock Exchange (NYSE) and NYSE MKT have temporarily assigned custodial responsibility for approximately 524 New York Stock Exchange (NYSE) and 156 NYSE MKT listed securities from the Designated Market Maker (DMM) unit of Knight Capital Americas LLC to the DMM of GETCO LLC.
Exchange rules permit the temporary reallocation of any security whenever the Exchange believes such reallocation would be in the public interest. Upon Knight Capital Group, Inc’s completion and approval of a recapitalization plan, all temporarily reassigned NYSE and NYSE MKT securities as well as DMM staff, operations and systems oversight will be returned to
IndexIQ, a developer of index-based alternative investment solutions, has reported positive performance for six out of seven of its proprietary family of hedge fund replication and alternative beta indices.
The IQ Hedge Global Macro Beta Index was the strongest performer in July, rising by 3.28 per cent.
This was followed by the IQ Hedge Event-Driven Beta Index, which was up 2.14 per cent.
The IQ Hedge Long/Short Beta Index rose 1.31 per cent, the IQ Hedge Emerging Markets Beta Index was up 0.56 per cent, the IQ Hedge Fixed Income Arbitrage Beta Index rose 0.84 per cent and the IQ
