Solutions
List Group, an electronic trading software provider, has launched Brain3, a complex event processing and algorithmic trading engine, which provides buy and sell-side firms with a solution for the development of low latency, automated algorithms.
B3’s CEP engine enables real-time monitoring and analysis of event streams and the parallel development of customised and complex strategies.
Stefano Falciani, managing director of List UK, says: “B3 not only allows you to back test, but also measures the effectiveness of your algo’s interacting with previous day’s market data via a playback function or in real time by mirroring real time market data.”
B3
LaCrosse Global Fund Services, a hedge fund administrator, is partnering with RiskMetrics Group, a provider of risk management and corporate governance services, to offer LaCrosse’s hedge fund clients access to RiskMetrics’ HedgePlatform Community.
LaCrosse’s clients can now access at no cost RiskMetrics’ RiskManager Investor Reporting Application, allowing them to create custom monthly risk reports for their investors.
"The addition of RiskMetrics’ new tools furthers our ability to create an accurate representation of a hedge fund’s risk, including understanding and verifying representation of risk, communicating risk to investors, and staying current on the latest risk methodology," says Mike Carpenter, managing director
Asian exchanges will see high trading volumes of 20 to 30 per cent growth per annum, driven mainly by economic fundamentals but also by greater order flow from foreign traders and overseas quantitative funds, according to a report by Celent.
However, while undergoing change the Asian landscape still has a real need for improvement.
Market participants that expect the Asia Pacific equities markets to resemble the US and European market structure in the next few years are likely to be disappointed, says Celent.
Ultimately, firms that can customise to the local markets and have sufficient capital and patience to wait
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
