Solutions
Merlin Securities, a prime brokerage services and technology provider, has launched Merlin Dossier, a one-click solution that allows hedge fund managers to create detailed reports about their funds with up-to-date net performance information.
“Merlin Dossier creates a standardised overview of a hedge fund, answering all of the questions that a prospective investor might have on a gross and net basis,” says Patrick McCurdy, partner and head of capital development at Merlin. “For many funds, the process of putting such reports together is tedious and extremely time-consuming. Merlin Dossier allows funds to select the type of information they wish to include
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has been designated a primary dealer in Germany and France, effectively immediately.
Harry Samuel, global co-head of fixed income and currencies, RBC Capital Markets, says: “In the UK, we have been a gilt-edged market maker for over a decade and in the US, we were designated as a primary dealer to the Federal Reserve of New York in July 2009. We are now looking to build on our success in these markets and are focused on establishing a trading capability across multiple jurisdictions in Europe.”
Morgan Stanley has cleared over-the-counter interest rate swap transactions for clients of the firm at the Chicago Mercantile Exchange.
Trades were cleared on the first day of operation of the CME Clearing service for interest rate swaps.
This follows the previously announced clearing of client OTC credit default swap transactions at CME’s CDS clearing service.
“Morgan Stanley has been a pioneer in the OTC clearing space over the last ten years initially in the dealer-to-dealer market and now in the dealer to client space. We strongly support the drive toward more central clearing of OTC derivatives as a means to
A brisk month of trading on the secondary market saw investors move funds in all available asset classes, according to Hedgebay’s Global Hedge Fund Secondary Market Index, with private equity and credit strategies particularly popular.
The diversification of trading in September, combined with the high volume of trades, indicates that investors have returned to the secondary market in earnest after reduced volume over the summer months.
The heavy trading saw the index rise five per cent to 78.93 per cent, a rise of over 450 basis points from August.
The rise was partially driven by return of near-par trading, trading
BGC Partners, an intermediary to the wholesale financial markets, has executed its first fully electronic dollar interest rate option trade.
The transaction was carried out using the Volume Match tool on BGC’s proprietary, hybrid execution platform, BGC Trader.
The BGC Trader platform offers customers the option of voice or electronic execution for over 50 BGC products across rates, credit, equity, commodity and foreign exchange products globally.
Volume Match is an auction-style tool that enables fully-electronic transaction of asset classes including credit default swaps, foreign exchange options and European interest rate swaps.
Rob Sutton, managing director, global head of USD IRS
Merlin Securities, a prime brokerage services and technology provider, has released the Merlin Compass iPad application.
Merlin Compass for iPad is a real-time analytics platform that provides portfolio managers with intraday performance, exposure and risk metrics.
Merlin’s hedge fund clients can now monitor their portfolios remotely with the familiar look, feel and functionality they get from the desktop version of Merlin Compass.
The application integrates with the Merlin portfolio management and trading platforms to provide portfolio updates based on real-time market data and trading activity.
Merlin Compass for iPad provides managers access to a range of information about their funds,
Quintillion, an independent hedge fund administration firm, has integrated a new version of Paladyne Price and Paladyne Security with its accounting system Advent Geneva and internal control dashboard QControl.
Paladyne Security Master and Paladyne Price Master consolidate security, pricing, and corporate actions data, from multiple market data sources into a single "Golden Copy".
Paladyne Price Master provides automated collection, storage and analysis of prices and market data, customizable pricing rules, and comprehensive audit and compliance reporting.
The new version of Paladyne Price Master, which is integrated with FT Interactive Data, Reuters, Bloomberg and Markit among other data vendors, includes enhanced
The London Metal Exchange will delist its plastics contracts and the last prompt date for all existing contracts will be 29 April 2011.
The formal decision to delist was taken by the board of the London Metal Exchange following a recommendation by the executive committee.
The exchange has decided that the costs of withdrawing outstanding warrants from the LMEsword depository will be waived. Current open interest for all plastics contracts is 228 lots, out to March 2011.
Plastics futures trading was introduced on the LME on 27 May 2005. Despite a number of changes to the contracts and
Derivatives exchange Eurex has launched a mobile training application called M-Learning to help users prepare for the Eurex Trading Examination.
M-Learning enables flexible and customised preparation for the exam directly from any web-enabled feature phone or smart phone.
Users can view the entire list of questions and test their knowledge by visiting the web portal at.mobileacademy.deutsche-boerse.com or m.eurexchange.com.
In developing and launching the application, Deutsche Börse Capital Markets Academy worked with Netbiscuits, a provider of web-based platforms for the development and operation of mobile websites and applications.
The material for the Eurex trading exam consists of 102 multiple choice questions.
NYSE Liffe, the Europe-based derivatives business of NYSE Euronext, says the rules and trading procedures of the Amsterdam and Brussels derivatives markets have been harmonised after regulatory approval of their respective regulators, the AFM and the CBFA.
This harmonisation is based on the Amsterdam market model. It aims to allow an enhanced access of the Brussels derivatives market for more market participants, like on screen market makers and retail flow providers.
With the introduction of the Prof Trade facility in the Brussels derivatives market, professional market participants are offered a flexible mechanism to trade wholesale size in a regulated environment
