Solutions
NYSE Liffe’s FTSE 100 Dividend Index futures contract has traded its millionth contract.
The contract, which was launched in May last year, is available both through Liffe Connect and Bclear, the exchange’s trade administration and clearing service.
NYSE Liffe launched a similar contract based on the CAC 40 dividend index late last year.
Both indices represent the cumulative value of ordinary cash dividends declared by the individual constituents each index over a one-year period, calculated in terms of index points.
Jonathan Seymour, director of equity derivatives and OTC services at NYSE Liffe, says: “Predicting companies’ dividends became harder from the
Rapid Addition, a software solution provider to the electronic financial markets, has launched a free-to-use portal for the electronic dealing community.
ElectronicDealing.com is a secure portal that ensures consistency of FIXatdl files, saving the industry money, and simplifies the publication, distribution, and downloading of tools and artifacts for the electronic dealing community.
FIXatdl (financial information exhange algorithmic trading definition language) allows firms receiving orders to specify exactly how their electronic orders should be expressed.
Orders built using FIXatdl can then be transmitted from traders’ systems via FIX Protocol, which is a series of messaging specifications for the electronic communication of
Toby Nangle, Director, Multi-Asset and Fixed Income Team at Baring Asset Management, unravels the funding implications of the UK’s latest Budget.
The UK government funding requirement for 2009/10 was forecast in today’s Budget to be GBP167 billion, a substantial rise from GBP25 billion in 2009/10.
Historically, the Treasury has been reluctant to make use of Inflation-Linked (IL) Gilts, preferring to issue the great majority of its debt in fixed-rate instruments. Should this change?
The argument for moving the greater part of the present funding to Inflation-Linked appears compelling. Since the introduction of FRS17 linked pension fund liabilities directly to
Eurex Clearing has launched a real-time risk data distribution service called Enhanced Risk Solution.
It is the first central counterparty worldwide to offer risk management and margining data in real-time to its trading and clearing members.
The Enhanced Risk Solution is available across all asset classes and products – including derivatives, cash equities, bonds and repo transactions – for all connected exchanges and trading venues where Eurex Clearing offers clearing services.
The new service is free of charge and will allow all members to optimise their intra-day risk monitoring, risk controlling and treasury management towards Eurex Clearing.
“Our Enhanced Risk
Broadcort, a clearing division of Bank of America Merrill Lynch, has expanded its clearing and execution business for institutional broker-dealers by attracting more than a dozen new clients in the second half of 2009, and six additional new clients already in 2010.
"With our open architecture, robust third-party connectivity, high capacity and outstanding service culture, we believe we are setting a new standard in the institutional clearing space," says Michael Bird, head of Broadcort. "We would like to thank all of our clients who entrust their business to us every day."
Broadcort operates with Bank of America Merrill Lynch’s execution
NorthPoint Solutions, a business and technology consulting firm serving the alternative investments space, has launched a multi-asset order management solution.
It is designed to enable alternative investment managers to take advantage of trading opportunities in non-traditional assets, while reducing complexity, establishing order and enabling better decisions.
The solution was developed to allow traditional and non-traditional assets to be traded together on a single platform.
By consolidating trade capture across all asset classes and integrating order management with other systems in the investment manager’s environment, much of the manual processing can be eliminated, standard workflows can be established, and real time
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, is launching a service designed to help traders and other market users access, interpret and navigate the post trade data published by European dark trading venues.
Delivered in partnership with NYSE Technologies, SmartPool’s MatchView service will be powered by and fully integrated within the NYSE Technologies’ liquidity discovery service, ioinet, a fast provider of indications of interest and trade adverts to over 350 buy-side and 150 sell-side institutions.
SmartPool MatchView will go live in Q2 2010 with data initially provided by
The implementation of the Tokyo Stock Exchange’s Arrowhead trading system has resulted in a reduction in the costs of trading Japanese equities, according to analysis by ITG.
According to the research, January 2010 saw a 36 per cent drop in Japanese trading costs compared to the previous month. This is the largest month on month per cent drop in Japanese trading costs in over a year and a half.
This differed from trading cost trends in other Asian markets over the same period – for example Hong Kong saw a smaller 17 per cent drop and Korea saw an increase
Eurex and the Korea Exchange have set the start date of their Eurex/KRX Link, a product cooperation to trade and clear Kospi 200 options, at 30 August 2010.
For the first time, Kospi 200 options will be available worldwide after Korean trading hours.
In-soo Kim, executive director of Korea Exchange, says: “Our agreement with Eurex today is part of our strategy to extend the global reach of KRX markets and furthermore, it is in line with KRX’s vision of becoming a world-class premier exchange. Through this cooperation, we will provide round-the-clock trading opportunities in the Kospi 200 options market, which
NYSE Euronext has reported strong year-over-year growth of derivatives trading volumes in February, with European derivatives volumes increasing 44.2 per cent and US options trading volumes increasing 56.4 per cent.
Cash equities trading volumes were mixed in February 2010, with European cash transactions increasing 9.1 per cent and US cash equities trading volumes declining 35.7 per cent from prior year elevated levels.
Both European and US cash trading volumes, however, remain above fourth quarter 2009 levels.
NYSE Euronext European derivatives products average daily volume in February 2010 of 4.9 million contracts increased 44.2 per cent compared to February 2009,
