Solutions
Fidessa, a provider of trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and sell-side, has integrated US options trading into its EMS Workstation.
The system now supports fast trading for this asset class directly from redesigned options matrix and market depth views.
The EMS Workstation also supports users’ DMA, care and algorithmic trading needs, as well as smart order routing and access to options algorithms.
Martin Hakker, executive vice president marketing for Fidessa in North America, says: "The EMS Workstation has experienced a period of rapid development as we strive to meet the ever-growing needs of
Wiener Börse has converted its trading system for the derivatives market from US-based Nasdaq-OMX’s OM-Click to the Eurex system.
The Eurex trading and clearing platform is used by more than 410 customers in 25 countries on four continents.
In converting to the Eurex system, Wiener Börse expects to see increased liquidity on its derivatives market.
The majority of Wiener Börse’s cash market participants already use the Eurex infrastructure to trade derivatives on other marketplaces. In the future, these participants can also use the new Eurex infrastructure to trade on Wiener Börse‘s derivatives market without any significant technical investment. This will
The post-trade services market value in the interest rate swaps space is expected to skyrocket from USD200m in 2009 to USD500m in 2012, according to a report by research and advisory firm Celent.
The IRS market is divided into the interdealer broker and dealer-to-client segments.
The value of the interdealer broker market in H1 2009 was USD317trn, a growth of 53 per cent since H2 2006. It is expected to grow to USD340trn by H2 2010.
Similarly, the value of the dealer-to-client market in H1 2009 was USD120trn, a growth of 41 per cent since H2 2006. It is estimated
Gain Capital, a provider of online trading services, has launched an Arabic service under its Forex.com UK division.
The new service will offer Forex.com’s trading platform and services to clients across the Middle East region.
The Forex.com offering supports margin-based trading in FX and contracts for difference, and is regulated by the Financial Services Authority through Forex.com UK.
Investors in the region will be able to trade in oil, gold, silver and the world’s major currencies including the US dollar, Euro and British Pound, 24 hours a day, five days a week.
Forex.com also offers access to the firm’s research
The Tokyo branch of MF Global FXA Securities has gone live with Fidessa’s Japanese trading platform for its newly established Japanese equities business.
MF Global FXA Securities (Japan), a wholly owned subsidiary of MF Global group, had previously been very active in margin FX trading in Japan and has now expanded into a research driven equity brokerage business, with plans to expand further into the full range of OTC and listed derivatives services including CFDs.
Fidessa’s trading platform enables MF Global FXA Securities to offer automated electronic equity trading on the Japanese market.
Graham Elliott, chief executive at
The US Commodity Futures Trading Commission has approved the applications of Cantor Futures Exchange for designation as a contract market and Cantor Clearinghouse to be registered as a derivatives clearing organisation.
The Commodity Exchange Act requires the CFTC to approve such applications if the applicant meets criteria enumerated in the Act.
Cantor also has requested approval from the CFTC of a contract related to domestic motion picture box office receipts. The commission is still considering that contract.
Given the novel nature of the contract that Cantor has proposed trading, the CFTC has requested, and Cantor has agreed, that rather than
Citigroup has launched the AutoFX Passive Hedge service to provide institutional asset owners with a passive, automated hedging capability to lower foreign exchange risk.
The service provides new levels of flexibility, transparency and efficiency to the FX marketplace.
By using set standing instructions to execute FX contracts based on the securities portfolio valuation, AutoFX Passive Hedge smoothes out the influence of currency fluctuations in the overall return to international investment portfolios.
"Our clients will further benefit from this seamlessly integrated custody and FX offering providing a complete STP solution from deal determination and execution through to payment processing and FX
NYSE Arca Europe, NYSE Euronext’s European multilateral trading facility, will be giving customers access to the 100 most liquid US equities, featuring 86 NYSE listed companies and 14 other listings, from 21 April.
NYSE Arca Europe is inviting customers to set up their trading arrangements and will be offering a three-month fee holiday from 21 April.
The 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.
In addition to the initial US stocks, further stocks are likely to be introduced in the near future.
Virginie
Knight Capital Group has launched Oasis, a smart order execution algorithm that sources small-and mid-cap liquidity for European equities.
Oasis aims to source liquidity in thin and difficult-to-trade names with increased efficiency and opportunities for price improvement as well as greater fulfilment.
The strategy evaluates liquidity, volatility, price trend, momentum and other characteristics in real time to determine the best sources of liquidity to help minimise market impact.
Oasis also includes anti-gaming procedures such as continuous monitoring for adverse trading behaviour to further help minimise information leakage.
“Knight does not subscribe to a one-size-fits-all approach. That philosophy has led
Citi Investor Services has launched a global operating platform specifically for hedge funds.
The offering provides Citi’s existing and future hedge fund administration clients a fully integrated infrastructure spanning the complete operating lifecycle of a hedge fund: from receipt of trade to daily operations, calculation of the NAV through to the generation of the investor statements.
Citi’s end-to-end solution will establish standardised applications and processes across each region.
The platform also provides support for all investment products, strategies and instruments, and is able to valuate complex securities.
“In today’s challenging hedge fund environment, access to real-time and customizable data is
