Solutions
NYSE Arca Europe will admit US equities to its trading platform when it launches the components of the S&P 100 Index for trading during the second quarter of 2010.
EuroCCP will offer clearing services for these securities with settlement taking place via EuroCCP’s account at The Depository Trust Company, the US central securities depository and subsidiary of the Depository Trust and Clearing Corporation.
This service will provide trading firms the first-ever opportunity to trade US securities on a European platform during European trading hours with settlement at DTC.
Initially, S&P 100 stocks will be admitted to the platform; however, further
Fortis Bank Global Clearing Asia Pacific has launched a network that enables algo traders, market makers and hedge funds to access multiple exchanges via proximity and collocation data centres from one single point of entry.
FBGC Asia Pacific worked over a 12 month period to devise the network to encompass over 12 different data centres in the Asia Pacific including official collocation and proximity exchange data centres in Singapore, Sydney, Tokyo and Osaka.
In Hong Kong considerable expense was invested to produce a data centre to harness a location as close to the exchange as possible.
Best of breed providers
BarclayHedge has launched an online video service that allows registered managers of hedge funds, fund of funds and managed futures funds to create and make available videotaped presentations online for current and prospective investors.
BarclayHedge, which had begun accepting applications for its new BarclayHedge TV service, will arrange and oversee all aspects of its new video service, from scripting assistance to professional videotaping and editing to online hosting and updating.
BarclayHedge has secured an opinion letter from law firm Drinker Biddle & Reath supporting the compliance of BarclayHedge TV as it pertains to various sections of the Securities Act of
Deutsche Börse has expanded its data and news feed offering by launching AlphaFlash, the fastest currently available data feed for machine readable, trading relevant macroeconomic releases.
AlphaFlash delivers more than 150 economic indicators from the US, Canada and Europe.
Market participants use this data as triggers for their trading algorithms.
AlphaFlash is the first joint product of the Deutsche Börse’s segment Market Data & Analytics and the US financial news agencies Need to Know News and Market News International, both entities of Deutsche Börse Group.
“AlphaFlash ideally combines the strengths of all partners. With AlphaFlash we are assuming the lead
Xtrakter, the fixed income specialist, has launched an over-the-counter liquidity service called XVOL.
XVOL provides access to a range of liquidity and volume data to assist users in better determining the liquidity of differing OTC fixed income securities.
XVOL offers fund, risk and performance managers the ability to determine the liquidity of differing fixed income securities they may currently hold or be monitoring.
It provides subscribers with the total volume figure for each security traded in the preceding month and a unique flag indicating the level of trading in each listed security within pre-defined bands.
The service is based on
LCH.Clearnet has received approval from the UK Financial Services Authority to extend its interest rate swap clearing service, SwapClear.
Buy-side firms can now access the service through clearing members based in Ireland and Switzerland.
The extension means that institutional investors are able to clear through members based in six countries: the US, the UK, France, Germany, Ireland and Switzerland.
LCH.Clearnet is regulated in the UK by the FSA and in the US by the Commodity Futures Trading Commission.
Its SwapClear service offers protection to buy-side clients in the event of a default of a clearing member, through margin segregation and
NYSE Euronext says derivatives trading volumes in March 2010 recorded strong year-over-year growth, with European derivatives average daily volume increasing 13 per cent, driven by a 25 per cent increase in fixed income derivatives product average daily volume.
NYSE Euronext European derivatives products ADV in March 2010 of 4.6 million contracts increased 13.3 per cent compared to March 2009, but decreased 5.7 per cent from February 2010 levels.
Total European fixed income products ADV in March 2010 of 2.6 million contracts increased 24.5 per cent compared to March 2009, but decreased 5.3 per cent from February 2010.
Total equity products
SEI has expanded its capabilities related to the processing and accounting of side pocket investments for fund managers.
SEI spearheaded the design and development of expanded functionality intended to provide managers with greater processing control, efficiencies, and risk reduction capabilities related to these pools of separate illiquid assets.
Over the past several years, side pocket investments have become more prevalent in hedge funds amid liquidity issues in the market, and as a result, the processing of these assets has come under greater scrutiny.
Side pocket investment processing is typically performed manually because methodologies are unique across managers and complex in
NYSE Arca Europe, NYSE Euronext’s pan-European multilateral trading facility, says its market share has reached a significant milestone, with an average of 1.10 per cent and 1.02 per cent traded in transaction value on the FTSE 100 and FTSE 250 stocks respectively in the last week.
Virginie Saade (pictured), head of NYSE Arca Europe, says: “The diversity of our market participants combined with the consistently ultra low latency of our Universal Trading Platform have allowed our volume and market share to reach new record levels.”
NYSE Arca Europe provides trading access across Europe. Launched in March 2009, the platform
In March 2010 the international derivatives exchanges of Eurex Group recorded an average daily volume of ten million contracts, a decline of 17 percent from March 2009.
Of those, 7.1 million were Eurex contracts and 2.96 million contracts were traded at the US-based International Securities Exchange.
In total, 163.7 million contracts were traded at Eurex (March 2009: 172.3) and 68.1 million at the ISE (March 2009: 96.7).
The equity index derivatives product segment recorded 69.5 million contracts (38.5 million index futures and 31 million index options), down from 92.5 million contracts the year before.
Futures on the Euro Stoxx 50
