Solutions
Advent Software, a provider of software and services for the investment management industry, has released Advent Portfolio Exchange 3.0, the latest version of its portfolio management solution.
The latest version of APX offers flexibility to manage portfolios and client relationships.
It includes a new reporting framework using Microsoft SQL Server Reporting Services for flexibility in creating custom reports.
It also offers expanded data access and enhanced client relationship management features to better track and manage client communications
“We had been eagerly awaiting the new reporting capabilities in APX 3.0 and are extremely pleased with what we’ve seen,” says Jason Robinson,
In February 2010 the international derivatives exchanges of Eurex Group recorded an average daily volume of 10.6 million contracts, compared with 10.7 million contracts in February 2009.
Of those, 7.45 million were Eurex contracts (+ eight per cent) and 3.15 million contracts were traded at the US-based International Securities Exchange.
In total, 149.0 million contracts were traded at Eurex and 59.8 million at the ISE.
In its largest product segment – equity index derivatives – Eurex recorded a small increase and achieved 67.1 million contracts (36.3 million index futures and 30.8 million index options), compared with 66.5 million contracts the
Derivatives exchange Eurex is expanding its offering of volatility index derivatives based on VStoxx.
The new options contract will be launched on 22 March 2010 and complement the existing VStoxx mini future.
This step aims to increase the offering of volatility derivatives that are centrally cleared via Eurex Clearing, thereby mitigating counterparty risks.
The VStoxx index calculates the implied volatility of the Euro Stoxx 50 options.
“Our new VStoxx options will not only complement our VStoxx mini futures but will also allow users to hedge their positions with greater precision,” says Peter Reitz (pictured), member of the Eurex executive board.
There is huge performance dispersion between strategies in Asia hedge funds, according to research by GFIA, the Singapore based specialist in skill-based managers in Asian and emerging markets.
GFIA reviewed the performance of emerging markets hedge funds in 2008 and 2009, and found that Asia hedge funds not only outperformed benchmark indices, but with a much lower volatility.
It also found that there is huge performance dispersion between strategies within the Asiahedge Composite index.
However, the big differentiator was the underlying asset class: equities or other assets.
Peter Douglas, principal of GFIA, says: “The Asian hedge fund industry is
GlobeOp Financial Services has partnered with Linedata Services to offer an ASP-delivered, front-office order management system fully integrated with GlobeOp’s middle- and back-office services.
Time to market is reduced for start-up long/short equity managers and commodity trading advisers. Both new and existing hedge funds can reduce overall technology investment.
"With the surge in capital raising and new opportunities for hedge funds, we see managers demanding a scaled alternative similar to solutions that GlobeOp has already developed for complex products," says Ron Tannenbaum, GlobeOp managing director.
The GlobeOp-hosted service combines technology and functionality in a turnkey package. Key elements include pre-trade
Progress Software has joined forces with Statistical Research Laboratory, a company developing software for financial trading desks, to provide a trading technology solution for brokers and hedge funds.
The SRL solution will be powered by the Progress Apama complex event processing platform.
It will offer two components: “broker in a box” technology providing brokers with outsourced algorithmic trading and internalization capabilities across multiple asset classes; and “hedge fund in a box” capabilities offering hedge funds the technology platform to trade complex, high frequency trading strategies as well as to manage and monitor P&L, risk and back office functions such as
Nara Capital, an alternative advisory and consultancy service provider based in Geneva, will start to release its Ucits Alternative Index to the public.
The series of indices aims to track the performance Ucits hedge funds and funds of funds.
The following indices are calculated: Ucits Alternative Index; Global Ucits Alternative Index; Fund of Funds Ucits Alternative Index; Long/Short Equity Ucits Alternative Index; Equity Market Neutral Ucits Alternative Index; Fixed Income Ucits Alternative Index; CTA Ucits Alternative Index; Macro Ucits Alternative Index; Event Driven Ucits Alternative Index; Commodities Ucits Alternative Index; FX Ucits Alternative Index; and Multi-Strategy.
The Ucits
EuroCCP and Turquoise have expanded their respective clearing and trading services into two additional markets, Hungary and the Czech Republic.
The move makes Turquoise the first multilateral trading facility to offer trading and EuroCCP the first pan-European CCP to offer clearing services in the 25 components of the main Hungarian and Czech indices—the BUX and PX indices, respectively.
EuroCCP’s clearing services for Hungary and Czech Republic securities are open to any trading venue to which it is linked that offers trading in these securities.
Turquoise will offer trading in the Hungarian and Czech securities cleared through EuroCCP from 26 February.
The London Metal Exchange has submitted a formal proposal to bring trading of forward freight agreements on-exchange in a joint venture with The Baltic Exchange.
The LME proposal is to create a new, fully regulated exchange to bring transparency, efficiency and a robust technology platform to the dry-bulk FFA market, in collaboration and co-operation with all freight market participants.
The Baltic and its members are being invited to consider a substantial equity participation – between 25 and 50 per cent – in a new exchange, which the LME proposes would have regulated investment exchange status.
In addition, the LME’s support
Fixnetix, a provider of ultra-low latency market data and trading infrastructure connectivity services, now offers a direct market data feed and trading access to Burgundy, the regional multilateral trading facility for Nordic securities.
Traders can use Fixnetix’s 10 GB+ point-to-point high-speed fibre backbone network to connect with the new trading platform, which is looking to reach a market share of 25 per cent in Sweden this year.
Fixnetix also offers a direct market data feed from Burgundy, taking advantage of its high bandwidth provision to provide traders with realtime level 1 and/or level 2 market data exactly as it leaves
