Solutions
Koger, a provider of software and services for the fund administration industry, has launched the next version of NTAS, its transfer agency solution.
NTAS 10.1 introduces a number of enhancements and new features that expand the tools available to the administrator making the fund administration process faster and more automated.
“We are very pleased with the enhancements and new features in NTAS 10.1. Our customisable workflow screens make NTAS even more user-friendly,” says Ras Sipko, chief operating officer. “Introducing integrated real time accounting capabilities of IKAS into NTAS for the first time makes NTAS that much comprehensive in its reach
Derivatives exchange Eurex will be introducing six additional commodity index futures on 28 June.
The new futures are based on the Dow Jones UBS commodity index family’s sub-indices: softs, grain, precious metal, ex-energy, petroleum and livestock.
They complement the futures listed since March 2009 based on the Dow Jones UBS composite index and the three sub-indices agriculture, energy and metal.
The entire range of sub-indices of the Dow Jones UBS family will be covered by futures as from the start of trading.
“We are expanding our commodity index derivatives in response to our customers’ increased interest in exchange-traded index products
NYSE Arca Europe, NYSE Euronext’s European multilateral trading facility, has expanded into trading blue chip securities listed on the Prague Stock Exchange and the Budapest Stock Exchange.
From today, NYSE Arca Europe will expand its product range to include constituents of the BUX Index (Budapest Stock Exchange) and the PX Index (Prague Stock Exchange).
Trades in these securities will be cleared by EuroCCP.
The announcement follows the recent expansion of NYSE Arca Europe’s securities coverage to include access to the 100 most liquid US equities featuring 86 NYSE listed companies and 14 other listings.
Virginie Saade, head
Merchant Capital, a provider of a Ucits III umbrella for hedge fund managers, has launched its Ucits strategy assessment/feasibility evaluation service, which helps managers to ascertain whether their strategies will translate efficiently into a Ucits structure.
Merchant Capital is supported by Carne Global Financial Services and Kinetic Partners in the execution of the system.
Merchant Capital and Carne Global undertake the role of assessing a fund’s invested underlying instruments, exposure and positioning, while Kinetic Partners carries out the appropriate value-at-risk analysis.
George Cadbury, director of funds at Merchant Capital, says: "With many alternative investment managers from around the world
Liquidnet, the institutional investment community that enables secure and anonymous block trading of equities, is expanding its trading operations to include New Zealand listed securities.
Liquidnet will commence trading of New Zealand equities on 22 June 2010.
It is believed to be the first time an alternative trading venue has offered electronic trading access to equities listed in New Zealand.
Sam Macqueen, co-head of Liquidnet Australia, says the decision to facilitate New Zealand equities trading was led by strong demand from Liquidnet’s asset manager members who find the local market restrictive when it comes to trading large volumes of stocks.
A tool for accurately valuing over-the-counter and exchange-traded derivatives has been launched by SuperDerivatives.
The Revaluation Investigation and Analysis system will validate valuations for complex and vanilla derivatives in all asset classes.
It is a web based interactive application which allows the user to provide a set of shifts in the underlying yield curves and volatility surfaces and the system displays the resulting valuations and associated risk measures.
The tool enables users to analyse the pricing assumption of individual trades and for price sensitivity comparison and stress testing of large portfolios of instruments. The results are shown within SuperDerivatives’s various
RealTick, a multi-broker, cross-asset electronic trading platform, has expanded the suite of products provided by the Latin American investment banking and brokerage house, Bulltick Capital Markets.
The longstanding relationship now enables clients to access Bulltick’s direct to market and algorithmic trading execution capabilities for the major Latin American and US markets.
In addition, clients can access Bulltick’s execution for futures and international equities.
“Regional investors are increasingly seeking trading opportunities across local, pan-regional and international markets, while at the same time international investors are increasing their exposure to the LatAm markets. Bulltick is able to service both types of investors
The European Energy Exchange and the derivatives exchange Eurex will expand trading in European Union Allowance futures from 30 June with contracts which will reach maturity from the third commitment period of the European Emission Trading System.
The third commitment period, which will begin on 1 January 2013, was specified as early as upon the adoption of the European Climate and Renewable Energies Package by the European Parliament in December 2008.
Subject to approval by the EEX Exchange Council, EUA futures for delivery in 2013 and 2014 will be available in the trading system as of the end of June.
Credit Suisse has launched Onyx, an algorithmic trading platform designed specifically for fixed income.
The platform gives clients electronic access to trade directly with Credit Suisse.
The initial Onyx offering is a suite of algorithmic execution for pair strategies between fixed income futures and cash US Treasuries. These are the same algorithms that were designed by and have been used by the Credit Suisse trading desk for several years.
For the first time, clients have electronic access straight from their desktops to trade cash US Treasuries directly with Credit Suisse, a market maker in fixed income. While previously clients
BNY Mellon Alternative Investment Services has introduced enhanced accounting and reporting functionality for side pocket accounts and special purpose vehicles.
The service offers hedge fund managers greater flexibility in structuring their funds and managing illiquid or long-term assets.
Delivered via BNY Mellon’s fund accounting platform, Praeeo, the automated service enables fund managers to segregate illiquid investments.
Capital and/or earned income, along with applicable profit-carry forward, can be automatically moved from the side pocket to the main or "trading" portfolio, giving fund managers more ways to manage realised events within the side pocket.
In addition, flexible investor statement options allow hedge
