Solutions
Deutsche Börse plans to expand the scope of tradable instruments on its pan-European Xetra International market from 86 securities at present to 1,000.
By summer 2010 the existing offering for France, the Netherlands, Belgium, Finland, Spain and Italy will be enlarged by 700 securities.
In this way all Euro Stoxx instruments from these countries and additional highly liquid ones will become tradable and will be settled in their home countries.
In the second half of 2010 Deutsche Börse plans to admit to trading securities from the Stoxx Europe 600 from Switzerland, Great Britain, and Ireland – the first two in
ABC Quant, a provider of risk management analytical solutions for the hedge fund industry, has launched the Quant Suite Morningstar edition, which offers a choice of risk management and portfolio allocation tools for institutional investors and investment advisers.
Morningstar, a provider of independent investment research, is powering this new edition through access to its hedge fund database.
Morningstar has performance data for approximately 8,000 active hedge funds and funds of hedge funds in its database and tracks operational data, like fee structure and contacts.
Subscribers to the Quant Suite Morningstar edition will also have access to the Morningstar Rating for
PerTrac Financial Solutions has launched a Microsoft Excel add-in that allows users to interact with major PerTrac applications from within Excel.
PerTrac PowerLink opens new reporting and analysis possibilities for PerTrac clients, while allowing them to easily incorporate PerTrac applications into their existing Excel-centric workflows.
“PerTrac PowerLink bridges the gap between two of the most important software platforms for investment professionals, the PerTrac Suite and Microsoft Excel,” says Gerry Mintz, PerTrac president and chief executive officer. “Users can conveniently pull PerTrac Suite data and statistics into Excel, where they can build custom reports or do whatever calculations they wish,
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
