Solutions
The international derivatives exchange Eurex has started trading of single stock dividend futures.
For the first time, the pure dividend component of the underlying stocks of a benchmark equity index is available for exchange trading and clearing as a standalone product in Europe.
The launch was supported by Société Générale, which provides two-way prices in all 25 products throughout the day in these new products.
Eurex recorded already first trading volume during the morning. The new futures contracts cover the annual dividends of 25 of the constituents of the European benchmark index Dow Jones Euro Stoxx 50. The exchange intends
SEI is expanding its bank loan operational outsourcing solution by using new technologies that increase loan processing automation and incorporate independently-sourced data.
The new functionality is delivered through Geneva, Advent Software’s portfolio management and fund accounting solution.
Advent recently entered into an agreement with Virtus Partners to integrate Geneva with Virtus’ bank loan data offering.
Through this relationship, SEI clients gain access to automated loan data feeds from Virtus, which can be electronically posted directly into Geneva via a standard integration tool developed by Advent and Virtus. This helps SEI maximise efficiency and use straight through processing of loan data
NYSE Technologies, the commercial technology unit of NYSE Euronext, has launched a super-low latency market data platform specifically designed for the Tokyo Stock Exchange’s new Arrowhead trading platform.
As the new equities trading system for the Tokyo market, Arrowhead has been implemented to support increased trading volumes and the performance demands of ultra-fast electronic trading strategies.
"We are very pleased to offer our proven feed handlers for the TSE and its Arrowhead platform. Ten large international clients have successfully deployed and tested the NYSE Technologies market data platform and feed handler suite for their Arrowhead trading environments," says Peter Tierney,
The international derivatives markets of Eurex closed out 2009 with a turnover of more than 2.65 billion contracts, compared with 3.17 billion in the record year 2008.
This year’s figure splits into 1.7 billion contracts traded at Eurex and 960 million contracts traded at the International Securities Exchange.
This corresponds to a daily average trading volume of 10.5 million contracts compared with 12.5 million y-o-y.
At Eurex, equity index derivatives were the largest segment in 2009 with a total volume of 798 million contracts (2008: one billion). Derivatives on the Dow Jones Euro Stoxx 50 index were the largest single
SunGard has released a new version of its VPM portfolio accounting solution for hedge funds.
SunGard’s VPM version 9.0 provides hedge funds with an enterprise-level portfolio accounting application that is built on a service-oriented architecture for plug-and-play integration with a firm’s existing applications and scalability.
It also provides a new user interface focused on increasing operational efficiency, simplifying workflows and providing intuitive access.
Denise Valentine, senior analyst at Aite Group, says: “Regulators and institutional clients are fixated on transparency and improved reporting from their asset managers. Recent scandals mean clients have higher standards on reporting – including requiring a rapid
The international derivatives exchange Eurex will offer futures contracts based on particular dividends of individual shares from 11 January 2010.
Eurex will launch dividend futures on the constituents of the Dow Jones Euro Stoxx 50.
Following the introduction of the index dividend futures on the Dow Jones Euro Stoxx 50 in June 2008, Eurex is further expanding its offering. For the first time in Europe the pure dividend component of the underlying stocks of a benchmark equity index are available for exchange trading and clearing as a standalone product.
Peter Reitz (pictured), member of the Eurex executive board, says: “The
LCH.Clearnet, the largest clearer of over-the-counter products globally, has launched an interest rate swaps clearing service for the buy-side.
For the first time, institutional investors are able to access central clearing for OTC interest rate swaps via SwapClear, the only global clearing service for OTC interest rate swaps.
Developed in close collaboration with significant buy-side market participants and dealers, the SwapClear Client Clearing Service has been designed to offer a unique level of security to buy-side clients in the case of a bank default through margin segregation and portability of contracts.
Subject to regulatory approval, the list of dealers committed
Holland Park Risk Management, a risk management adviser to pension fund managers in the US and Canada, has signed a three-year contract for Algo Risk Service, Algorithmics’ outsourced risk management and portfolio construction service.
HPRM offers consulting services to improve its clients’ risk practices, as well as ongoing risk monitoring and reporting services.
HPRM will use Algo Risk Service as its third-party provider of risk analytics for its clients’ portfolios and will overlay its advisory services on top of the risk analytics and results generated by Algorithmics.
Valter Viola, president of Holland Park Risk Management, says: “Algorithmics’ Algo Risk
SEI is collaborating with long-standing partner RiskMetrics Group to provide its clients with independent risk management and reporting services that will integrate directly into the company’s flexible Manager Dashboard tool.
The new offering enhances SEI’s risk management solution and further addresses investment managers’ needs for greater transparency and detailed risk reporting amid growing investor demands and regulatory complexity.
As a result of the affiliation, SEI’s investment manager clients will be able to join RiskMetrics’ HedgePlatform Community, a network of hedge fund managers, fund of hedge fund managers and institutional investors.
As members of the HedgePlatform Community, SEI’s clients will
Russell Investments has selected Nasdaq OMX as the primary source of real-time index values for Russell’s global and ex-US indexes.
Nasdaq OMX will begin disseminating real-time values for the Russell Global Indexes on 11 January 2010 via its index service, the Global Index Data Service.
GIDS is designed to facilitate performance and portfolio valuation due to its frequent dissemination of index data.
It supports a diverse array of Nasdaq OMX-branded indexes that cover equities, bonds, commodities and exchange-traded funds, as well as third party partnered indexes.
"Russell and Nasdaq OMX clients worldwide will have instant access to our comprehensive global
