Solutions
NYSE Euronext’s (NYX) global derivatives average daily volume (ADV) was 9.0 million contracts traded per day in January 2011, a decrease of 2.7% versus the prior year, but an increase of 35.6% sequentially.
The fall in global derivatives ADV versus prior year levels was driven primarily by a 7.5% decrease in European derivatives, partially offset by a 3.0% increase in US equity options ADV. The strong sequential increase was driven by a 78.0% increase in European fixed income derivatives and a 29.5% increase in US equity options. Cash equities ADV in January 2011 was mixed, with European cash ADV increasing
The Duet Commodities Fund has selected Imagine Software’s ASP service for risk and portfolio management. The fund is part of the global alternative asset manager, Duet Group, which has over USD2.4 billion of equity under management.
Duet invests in a wide array of commodities with particular emphasis on energy, metals and foreign exchange. The new fund’s investment strategy, which couples fundamental analysis with technical market indicators, relies on the ability to adapt quickly to changing market conditions through dynamic hedging in liquid derivatives. The complexity of such investments made powerful, third-party risk management a priority to protect client capital. Imagine
New York Portfolio Clearing, a derivatives clearing house that will deliver single-pot margin efficiency between fixed income securities and interest rate futures, has been granted NYPC registration as a US Derivatives Clearing Organization (DCO) pursuant to the Commodity Exchange Act, by the Commodity Futures Trading Commission (CFTC).
The CFTC’s approval represents a significant step towards bringing the unique capital and operational efficiencies of NYPC to global fixed income traders.
“NYPC’s DCO registration is an important milestone in the transformation of the US derivatives market towards a more open and competitive structure,” says Walt Lukken, Chief Executive Officer of NYPC. “The
The international derivatives exchanges of Eurex Group recorded an average daily volume of 10.4 million contracts in January. Of those, 7.1 million were Eurex Exchange contracts (Jan 2010: 7.0 million), and 3.3 million contracts were at the US-based International Securities Exchange (ISE) (Jan 2010: 3.75 million).
In total, 214.7 million contracts were traded, thereof 148.6 million at Eurex and 66.1 million at the ISE.
Eurex Exchange achieved 59.2 million contracts in its equity index segment – the largest product segment, compared with 63.4 million contracts in January 2010. Futures on the EURO STOXX 50® Index stood at 24.7 million contracts
The Alpari group of companies has launched QuantumFX, an anonymous forex trading platform aimed at institutional investors.
QuantumFX will provide corporations, hedge funds, banks and high frequency trading institutions with access to a diverse and deep liquidity pool and features anonymous trading via a central clearing counter-party model with multiple execution mechanisms: Executable Streaming Prices (ESP); Request for Quote (RFQ)/Request for Stream (RFS) for spot, forwards and swaps. It also supports multiple order types and execution algorithms that help minimise market impact.
Daniel Skowronski, Chief Executive Officer of Alpari (US), says: “QuantumFX is an optimal liquidity solution, providing access
Morningstar has added OTC Markets Group data (previously known as Pink OTC Markets) to its Morningstar Quotes Data Feed. This latest addition complements the existing realtime and fundamental data sets, with realtime pricing data of more than 10,000 OTC securities.
Morningstar RealTime Data’s feeds deliver fast, reliable data from all major equity exchanges and indexes worldwide, as well as foreign exchange and treasury markets. Data is available for more than 4 million global instruments including futures, options, commodities, and precious metals.
OTC Markets Group operates the world’s largest electronic interdealer quotation system for brokerdealers to trade unlisted securities. OTC
100 Women in Hedge Funds (100WHF), a leading non-profit organisation for professionals in the alternatives industry, has launched its yearlong 10th anniversary celebration with events at several of the world’s leading stock exchanges.
On January 24th, 100WHF members will gather in New York, London, Zurich, Chicago, and Toronto to commemorate 10 years of making a difference in the alternatives community through unique educational programming, professional leverage initiatives and philanthropic endeavours.
Since its formation in 2001, 100WHF has evolved from a small network of finance professionals into an organisation with 10,000 members offering programs across 14 locations worldwide. All of
ConvergEx Group’s Prime services business NorthPoint Trading Partners has grown at a record since its acquisition by ConvergEx a year ago.
During a time when there was a great deal of consolidation in the prime services space, NorthPoint’s revenues were up over 50% and its clients’ AUM grew by nearly 25%, year over year.
“These results are a testament to the powerful combination that was formed when ConvergEx and NorthPoint teamed up," says said Douglas Nelson, chief executive officer of NorthPoint Trading Partners. "Very shortly after the acquisition, we were able to give our clients access to ConvergEx’s broad
Agio Technology, a provider of managed IT services for hedge funds, has seen significant growth during its first year of operation and now boasts a 17-strong client base, including US hedge fund ‘giant’ SAC Capital Advisors.
Agio believes its rapid growth has been fuelled by both the pedigree of its management team and the increasing trend in the hedge fund industry to outsource non-core technology functions.
As well as growing its client base significantly since opening its doors on January 15, 2010, Agio has built a work force of over 50 employees, opened satellite offices in New York and Hong
Deutsche Börse is expanding its offering in the area of short indices with the launch of the ShortTecDAX, which is offered to investors as a hedge against falling prices.
The daily performance of ShortTecDAX is directly opposed to that of TecDAX, i.e. if TecDAX rises by 5 per cent ShortTecDAX falls by 5 per cent, and vice versa.


TecDAX comprises the 30 largest companies from the technology sector below DAX according to market capitalisation and stock exchange turnover.

