Solutions
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P. Morgan and BNP Paribas, has expanded its pan-European mid cap service.
From January 2010 the SmartPool product universe will be expanded to include the constituents of the following European indices: FTSE All Share Index (UK); CDAX Index (Germany); AEX All Share (Dutch); and CAC All Share (French).
As a result of this expansion, the total number of securities traded on SmartPool will increase by 110 per cent.
Launched in February 2009, SmartPool offers trading in the leading indices of the 15 European equity markets traded
BNY Mellon Alternative Investment Services has launched a service that independently validates a hedge fund’s position records to third parties and verifies the pricing of that fund’s securities.
The new service provides fund managers and their investors with greater transparency and additional assurance that fund assets are independently priced and validated.
The service, with pricing and validation coverage across 50 asset classes, is enabled by BNY Mellon’s relationships with more than 150 prime brokers and counterparties.
It can be used to supplement client interface with accountants and independent auditors and can also be customised to meet specific requirements, including
Gravitas, a technology solutions provider and business consultant to the alternative investment and financial services industries, has released the first suite of cloud services designed exclusively for alternative asset management firms.
Gravitas’ cloud computing service provides virtual server hosting at secure offsite co-location facilities and hosted applications including email, mail compliance, remote data backup and Voice over Internet Protocol services on a per user, per month basis.
The service also gives asset managers the ability to add computing capacity as it is needed, giving them the ability to scale to very large environments on demand.
“Alternative asset management firms
Quod Financial, a provider of adaptive trading execution technology, has pre-loaded its Adaptive Smart Order Router with a library of trading algorithms for better execution and lower market impact.
Ali Pichvai, chief executive of Quod Financial, says: “The days of separate infrastructure for scheduling and execution of orders are gone. By combining the trading and liquidity seeking algorithms, QF ASOR hunts lit and dark liquidity to maximise fill rate and makes real-time decisions to reduce market impact.
“This is achieved through historical data, real-time analysis of pre- and post-trade data and the execution algorithms embedded in Quod Financial’s Adaptive Execution
NYSE Euronext’s trading volumes for its global derivatives and cash equities exchanges in November 2009 were mixed, with European derivatives and US options trading volumes increasing while US and European cash equities trading volumes fell.
NYSE Euronext European derivatives products average daily volume in November 2009 of 4.3 million contracts increased 16.4 per cent compared to November 2008, and increased 11.2 per cent from October 2009.
Total European interest rate products ADV in November 2009 of 2.3 million contracts increased 31.2 per cent compared to November 2008, and increased 16.4 per cent from October 2009 and are at their highest
Fixnetix, a provider of ultra low latency market data and trading infrastructure connectivity services, will provide trading access to EDX London and a direct market data feed for financial institutions trading in Russian and Nordic derivatives on Sola, TMX Group’s trading technology platform.
Fixnetix customers can take advantage of the company’s raw exchange access or feed handler technology to gain ultra low latency market data from EDX London’s common order book.
Fixnetix’s 10GB+ point-to-point high-speed fibre backbone infrastructure connectivity services will also make trading on EDX London easier and more cost effective.
By offering a direct feed from EDX London,
Sybase, a provider of enterprise and mobile software, and Siag Risk Management, a provider of investment portfolio risk management solutions, have formed a partnership to provide financial institutions with real time, on demand and intra-day visibility of investment portfolio risk.
Under this new partnership, enterprises and institutions will have access to advanced performance, risk management technology solutions.
"As we developed our range of advanced risk management solutions, we recognised the market need for calculating risk in major investment portfolios on an intra-day and on demand basis, using up-to-date, validated and certified data," says David Bristow, international development director, Siag. "We
List Group, the electronic trading provider behind 15 of Europe’s electronic markets, has launched its standard alone grid computing platform, FMR Grid.
The platform enables financial institutions to conduct complex risk analysis simultaneously across asset classes, improving risk management performance and effectiveness.
The grid-based software tool provides portfolio managers, asset management firms and market makers with the ability to price, stress test and evaluate the risks of large and complex portfolios in real-time.
Asset class coverage includes FX, MM, fixed income, equity derivatives, interest rate derivatives and credit derivatives for both over-the-counter and exchange-based markets.
Enrico Melchioni, chief executive of
Merlin Securities, a prime brokerage services and technology provider for hedge funds and managed account platforms, has expanded its trading capabilities to include 24-hour international and domestic coverage.
Troy Prince and John Perna will oversee the expanded trading desk.
“Our clients increasingly seek to trade around the clock and around the globe. We have launched our 24-hour international and domestic desk to provide comprehensive access to the world’s markets,” says Eric Morgan, senior partner and head of trading at Merlin Securities. “Our clients now have the capability to execute in 96 countries across six continents – a level of
Orc Software, a provider of technology for advanced trading and connectivity solutions, has made its new interface available to the Singapore Exchange securities platform, SGX-ST.
Orc’s new gateway completes the SGX offering, enabling its customers to trade all listed products across both the exchange’s securities and derivatives platforms.
”The addition of the SGX cash interface demonstrates our continued commitment to providing access to quality execution venues in the region. The ability to trade equities, ETFs and warrants amongst other listed products on the SGX is a great complement to our existing gateway to the exchange’s derivatives platform,” says Greg Chambers,
