Solutions
HazelTree Fund Services, a New York-based provider of middle and back office technology solutions for hedge funds and investment companies, has launched the Operations Portal and Treasury Suite.
“Increased regulatory and investor scrutiny require system enhancements for many funds,” says Matthew Johnson (pictured), chief technology officer, HazelTree Fund Services. “We are leveraging live, in-production technology to build the next-generation platform for hedge funds delivering an unprecedented value proposition.”
The products aim to increase operational efficiency, minimise errors and reduce operational risk, achieve significant cost savings and enhance portfolio returns.
They have been in production and operational for more than three
Advent Software, a provider of software and services for the investment management industry, has launched the next version of Tamale RMS, its research management solution.
Version 5.0 introduces new configurable templates, dynamic reports and views combined with a new framework for seamless data integration that help firms streamline and optimise their investment processes.
"We are very pleased with the enhancements in the latest version of Tamale. The new customisable workflow features bring together all of our most important information in a format that allows for thoughtful collaboration," says Porter Durham, chief operating officer, global endowment management. "Version 5.0 will also
RealTick, a multi-broker cross-asset electronic trading platform, has expanded its capabilities with Jefferies as part of its international multi-broker network.
The partnership allows clients to execute US equity pairs trades, plus international equities, using new algorithms from Jefferies, a securities and investment banking firm.
RealTick users can now access Jefferies’ newest suite of algorithms, comprising MultiScale, Trader and Panel, all of which allow a trader to take more control over executions and be more responsive to changing market dynamics.
Additionally, Jefferies has upgraded its pairs trading algorithms, providing simultaneous execution of two stocks using pre-defined conditions including: spread, price ratio
NYSE Euronext will start clearing its European securities and derivatives business through two new purpose-built clearing houses based in London and Paris in late 2012, subject to regulatory approval.
LCH.Clearnet in London and in Paris have been informed that NYSE Euronext’s current contractual arrangements for clearing with them will terminate accordingly at that time.
No termination fees or penalties will be payable.
The new clearing houses are part of NYSE Euronext’s plan to offer clearing services in the UK and in the Eurozone. The clearing houses will complement NYSE Euronext’s cash and derivatives trading business.
The clearing of NYSE
NYSE Liffe says its Malting Barley Futures and Options have attracted good levels of participation from the market since launching on 10 May, trading a total of over 84 lots in futures and ten lots in options.
Trading occurred in five delivery months, from the first position of November 2010 out as far as the November 2011 futures contract, as well as in the May 2011 options expiry month.
“We are very pleased with the markets response to the first day of trading,” says Ian Dudden, director of commodity derivatives at NYSE Liffe. “The level of activity and range
NYSE Euronext’s European liquidity data centre is now open, with the first phase of customers installing equipment in readiness for the anticipated migration of all NYSE European matching engines in the fourth quarter of this year.
The facility will house all of NYSE Euronext’s European markets and also includes a next generation co-location service for trading firms.
The company’s European liquidity data centre will leverage the latest advancements in design and efficiency to create a resilient, high-capacity and low-latency facility.
“We are very excited to welcome the first wave of customers into our new data centre. The facility has been
Fortis Bank Global Clearing has extended its Market Access services to include access to the Milan Stock Exchange.
Trading companies can now access the Milan Stock Exchange using the combination of Fortis Clearing Market Access exchange connectivity and Fortis Bank Global Clearing’s membership on the exchange.
Access to the exchange is offered via a fully redundant set up operated out of two data centres in London.
Sven Diepenbach, Market Access business development manager, says: “Offering our Market Access services to Milan Stock Exchange further completes our powerful European Market Access offering and is proof of Fortis Bank Global Clearing’s strive
At the derivatives markets of Eurex an average daily volume of 12.7 million contracts was traded in April compared with 11.8 million in April 2009 – an increase of eight per cent.
Thereof, 9.4 million contracts were traded at Eurex (April 2009: 7.6 million), reflecting a 24 per cent increase year-over-year, while 3.3 million contracts were traded at the ISE (April 2009: 4.2 million).
In total, nearly 257 million contracts were traded on both exchanges (Eurex: 187.6 million, ISE: 69.2 million), compared to April 2009 with approximately 240 million contracts.
At Eurex, the equity index derivatives segment totalled at 58.1
Shaking off the frustrating association of blame for the global financial crisis, equity derivatives in Europe are now attracting buy-side traders who have been struggling with laggard volumes, fragmentation in the cash markets and the need for new avenues of alpha.
According to Tabb Group, Europe’s buy side is gearing up for growth and diversity in equity derivatives.
Driven by changes in fund strategies and renewed asset growth providing fresh impetus, Tabb says 71 per cent of buy-side firms expect higher turnover in their main products in 2010.
For some traders, derivatives are a tool to help with efficient housekeeping
International Derivatives Clearing Group, an independently operated subsidiary of The Nasdaq OMX Group, will be clearing four new over-the-counter interest rate derivative products through its clearinghouse.
The products are:
• US Dollar Interest Rate Swap vs. 1 Month Floating Rate
• US Dollar Forward Start Interest Rate Swap vs. 1 Month Floating Rate
• US Dollar Overnight Index Swap
• US Dollar 1 Month Forward Rate Agreement
• US Dollar 3 Month Forward Rate Agreement
“IDCG is committed to providing a rich suite of clearable OTC derivative products to the marketplace to meet end-user demand,” says Garry O’Connor, chief executive officer of IDCG.
The previous
