Solutions
DB Climate Change Advisors, the climate change investment and research business of Deutsche Bank’s asset management business, and Nasdaq OMX Group have introduced the DB Nasdaq OMX Clean Tech Index.
The index gives a real-time representation of the global clean technology sector with exposure to clean energy, energy efficiency, transport, waste management and water companies.
This is the first clean technology index co-branded by a global exchange company and a global bank.
The index is comprised of 119 companies identified by DB Climate Change Advisors from a global universe of around 4,000, each with at least a third of revenues
Trax, Xtrakter’s trade matching and regulatory reporting system, processed 578 million transactions in 2009, reflecting a 105 per cent increase on 2008 figures.
Xtrakter currently processes on average 2.5 million transactions daily on behalf of its user community.
“Trax plays a vital role in reducing risk exposure, facilitating trade matching and settlement and ensuring its many subscribers fulfil their regulatory obligations. This significant increase in transaction volume highlights the value the Trax community receives from the service, its continuing importance as a matching, reporting and settlement facilitator for the capital markets as a whole,” says Yannic Weber, chief executive officer,
Knight Capital Europe’s order execution service, Knight Link, will begin trading Nordic large-cap securities listed on the Nasdaq OMX Nordic.
Knight Link, a trading model for European equities, will initiate coverage of 75 stocks in Finland, Denmark and Sweden.
“We are very excited to expand Knight Link into the Nordic markets,” says Kee-Meng Tan (pictured), managing director, head of the electronic trading group in Europe. “Our unique model of providing liquidity to both retail and institutional broker-dealer clients on a single platform has been well received in the UK. We saw over USD4bn executed through Knight Link in January and
Knight Capital Group has introduced algorithmic pairs trading capabilities for institutions designed to increase fulfillment rates through improved liquidity sourcing and a flexible interface.
Knight’s pairs trading capabilities include access to Knight’s liquidity in addition to displayed and dark markets using FAN technology.
It has the flexibility for traders to create their own strategies and support for complex pairs trading strategies, including multiple combinations of single securities, inverse pairs and set-up and unwind functionality in a single pair.
"The market environment in 2010 is ideally positioned for pairs trading strategies," says Joseph Wald, managing director, Knight Direct. "After the turmoil
Structured Solutions and 2n20.com have launched the Ucits HFS Index Series, the first index family that tracks Ucits funds applying hedge funds strategies.
The index series was developed by the Switzerland-based financial service provider 2n20.com and will be calculated by Structured Solutions.
2n20.com maintains and updates a database with all funds that are considered for the index calculation and acts as index adviser.
There will be the broad market Ucits HFS Index and an index for every sub-strategy.
The following indices will be calculated with immediate effect: Ucits HFS Index, Ucits HFS Index Arbitrage, Ucits HFS Index Convertible, Ucits HFS
NYSE Technologies and four Asean equities exchanges – Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand – have signed a letter of intent that designates NYSE Technologies as the solutions provider for the Asean Trading Link.
The award marks a significant first step towards the establishment of an integrated Asean capital market.
Once complete, the Asean Trading Link will electronically interconnect the participating Asean exchanges to facilitate cross border order routing and trading, thereby allowing investors and members to access multiple Asean markets from their domicile country.
It will enable participating Asean exchanges to
BMO Financial Group has signed a subscription agreement for access to Algorithmics’ Algo First database of case studies, covering more than 9,000 operational risk events.
BMO selected Algo First to supplement its management reporting, risk identification and risk awareness initiatives.
Hamish Lock, head of operational risk and senior operational risk officer for BMO, says: “We decided to subscribe to Algo First because we needed a way to expand our knowledge and understanding of significant operational risk events that could be used to challenge BMO’s operational risk profile.”
Penny Cagan (pictured), a managing director at Algorithmics, adds: “I am delighted
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, had record trading volumes in January and compound growth following its migration to NYSE Euronext’s Universal Trading Platform on 23 November 2009.
SmartPool’s matched volume of EUR310m in January represents compound growth of 33 per cent since the end of November, making SmartPool one of the fastest-growing dark multilateral trading facilities over the period.
The number of trades also increased by 51 per cent compound to over 47,000 in January.
According to the Thomson Reuters Equity Market Share Service, SmartPool reported
Backstop Solutions Group, a provider of software-as-a-service platforms for the alternative asset management industry, has opened its Asia Pacific office in Hong Kong.
The new office will better position Backstop Solutions to serve its Asia Pacific customer base in a marketplace where SaaS applications are in high demand.
The Asia Pacific office will initially cater to the Hong Kong, Singapore, and Japanese markets with the long-term goal of expanding to other markets in the region.
“The alternative asset management industry is healthy and growing throughout Asia. We believe the region presents an extraordinary opportunity for our business,” says Jeremie Bacon,
In January 2010, the international derivatives exchanges of Eurex Group recorded an average daily volume of 10.8 million contracts, up from 10.5 million in January 2009.
Of those 7.0 million were Eurex contracts and 3.75 million contracts were at the US-based International Securities Exchange.
In total, 140.0 million contracts were traded at Eurex and 71.2 million at the ISE.
Eurex achieved 63.4 million contracts in its equity index segment – the largest product segment, compared with 70.2 million contracts the year before. Futures on the DJ Euro Stoxx 50 Index stood at 26.6 million contracts and 23.5 million on the
