Solutions
At the international derivatives markets of Eurex, an average daily volume of 10.4 million contracts was traded in October 2009.
Year-on-year, the figure was 14.3 million due to the turbulence of the financial crisis.
This year’s figure splits into 6.4 million contracts traded at Eurex (Oct 2008: 9.9 million) and 4.0 million contracts were traded at the International Securities Exchange (Oct 2008: 4.4 million).
In October, a total of 228.8 million contracts were traded on both exchanges, thereof Eurex with 141.6 million and ISE with 87.2 million, compared with 226.6 million contracts at Eurex and 102.0 million at ISE y-o-y.
Fidessa, a provider of multi-asset class trading, portfolio analysis, compliance, market data and connectivity solutions, has launched LatentZero as a Service, its fully managed service for the buy-side front office.
LatentZero as a Service goes beyond standard hosted or ASP products by providing a fully managed end-to-end service, and enables asset managers of all sizes to access the best available products for compliance, order and execution management and decision support across all asset classes, with substantial reductions in the total cost of ownership.
The SaaS model improves customer return on investment, as the implementation is quick, low risk, and at
As the Securities Exchange Commission in the US puts pressure on measuring and defining dark pool activity, the same debate is occurring in Europe where buy-side equity traders are having a love-hate relationship with the dark.
Trading in dark environments is estimated by Tabb Group, the capital markets research and consulting firm, at 4.1 per cent of daily turnover in major European markets, forecast to increase seven per cent in 2010 as buy side traders acquire the knowledge, tools and insight to increase their confidence to trade where they cannot see.
Although the infrastructure for trading in a multi-layered,
The share of electronic trading in buy side fixed income volumes and sell side electronic volumes declined in 2008, but in 2010-12 there will be a recovery in Europe as the economy improves and spreads tighten, according to a report from Celent, a Boston-based financial research and consulting firm.
According to the report, trading in the secondary market has suffered in the wake of the downturn. Government bond volumes are down around 20 to 30 per cent on their pre-downturn levels. Non-government bonds suffered much more, with trading levels down 70 to 80 per cent from their pre-credit crunch levels.
J.P. Morgan Worldwide Securities Services has launched an upgraded securities lending dashboard that allows clients to view and monitor key aspects of their securities lending activities in a customised view.
The platform provides clients transparency across their programme, including real-time information.
The enhanced dashboard provides clients with snapshots of critical portfolio data and is available through J.P. Morgan Acess, the firm’s Web-based portal for treasury and securities services.
Clients are able to set snapshot filters to provide information and metrics such as loans outstanding by asset class, collateral by collateral type, non-cash collateral by rating, top securities by earnings,
Bank of America Merrill Lynch has expanded its global algorithmic trading platform into Brazil to meet increasing demand from international and local investors for more sophisticated trading products designed for Brazil’s Bovespa.
The new offering includes several of Bank of America Merrill Lynch’s most popular algorithms, including implementation shortfall and VWAP.
"Interest and liquidity in Brazilian stocks have risen significantly this year and as a result our international investor clients are asking for more sophisticated trading tools to access this market," says Steve Schneider, head of Latin America equities at Bank of America Merrill Lynch. "We are also seeing increasing
The European Energy Exchange and the international derivatives exchange Eurex are expanding their cooperation.
As of 25 November 2009, Eurex customers will be able to trade and clear EEX power derivatives via their existing Eurex access.
The new products in the cooperation comprise Phelix Baseload Futures and Options and Phelix Peakload Futures.
“We are offering our core product – Phelix Futures – to a global network of new participants for trading and clearing in one big step,” says Dr. Hans-Bernd Menzel, chief executive of EEX.
Peter Reitz, Eurex executive board member, adds: “The expansion of our cooperation with the EEX
Hedgebay Trading has launched the first hedge fund secondary market index.
The Hedgebay Global Hedge Fund Secondary Market Index provides hedge fund investors with statistics on the key aspects of the secondary market.
Most notably it offers the average discount or premium to net asset value of hedge fund shares traded during the month. It also includes the average discount or premium to NAV over one year and ten years, the highest and lowest individual prices of traded assets and the top two strategies traded.
The inaugural index has revealed another decrease in the average discount of hedge fund assets
NYSE Euronext will next month allow broker-dealers’ alternative trading systems and off-exchange market centres to print dark pool trades on the Finra/NYSE trade reporting facility and display the daily activity of each trading venue on NYSE.com.
“This is an example of NYSE Euronext and the industry working together to develop a positive solution to address the lack of understanding regarding the extent and nature of ‘dark pool’ trading , which has been a concern for regulators and legislators,” says Joseph Mecane, NYSE Euronext’s executive vice president and chief administrative officer for US markets. “We believe this will bring requisite and
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and investment firms, has launched Eze CRM Powered by Dynamo 6.0, the newest addition to its managed services.
Eze CRM is a web-based solution that provides hedge funds and alternative investment firms with instant access to critical customer information, helping them strengthen investor relationships, increase reporting options and provide greater transparency.
Eze CRM is managed and supported by Eze Castle’s technical staff and delivered via software-as-a-service, providing industry-specific functionality that is deployed quickly and maintained easily, with less infrastructure and upfront capital than traditional client-server applications.
