Solutions
Sucden Financial is launching direct market access to a wide range of cash equity and derivatives exchanges and platforms to bring multi-asset trading facilities to its clients.
The new system, branded Storm, uses Sungard’s GL technology and enables Sucden Financial’s clients to directly trade equities, options, commodity and financial futures on global markets.
Sucden Financial, a subsidiary of Sucres et Denrées, has in recent years expanded as a broker to institutions, trading groups, hedge funds and high net worth retail clients.
Sungard’s GL technology provides access to cash and futures markets as well as sophisticated functionality and low latency quote
Revere Capital Advisors has formed an equity partnership with Statistical Research Laboratory, a UK based technology company focused on providing the asset management industry with greater transparency.
Revere, a New York, London and Singapore based investment group and hedge fund platform, says the purchase reflects its commitment to provide investors with state of the art technology and operational infrastructure.
Nexus is a fully integrated investment platform providing improved investor transparency and ownership of data, allowing institutions to analyse and evaluate all of their holdings together. It provides an independent audit trail of investment activity, communications and regulations and compliance.
Dan
PerTrac Financial Solutions, a provider of analytic and workflow solutions, has launched PerTrac RiskPlus, a returns-based risk analysis solution.
The new product is a collaboration with FinAnalytica, a provider of real world portfolio risk solutions for multi-manager funds, hedge funds and asset management firms.
“PerTrac RiskPlus is a breakthrough for hedge fund investors seeking more sophisticated risk monitoring for their portfolios,” says Gerry Mintz, PerTrac president and chief executive officer. “Using state-of-the-art statistics based on fat-tailed distributions, dynamic correlations and multi-factor models, PerTrac RiskPlus sheds light on opaque portfolios at a price far less than more traditional or position-based risk
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
