Solutions
Advent Software has entered into an agreement with Virtus Partners to integrate Geneva, its portfolio management and fund accounting solution, with Virtus’ bank loan data offering.
Through this relationship, Advent’s Geneva clients will have access to automated loan data feeds from Virtus.
With assets under administration of more than USD60bn, Virtus is a provider of data and services to the fixed ncome market. Specifically, Virtus offers fixed income asset administration and middle-office services to managers, hedge funds, and private equity groups across a wide spectrum of structures, including separate accounts, hedge funds, total return swaps and collateralised loan obligations.
Advent
Knight Capital Group has launched Knight Link in Europe, a trading model for European equities which provides institutional and retail broker-dealers with access to Knight’s liquidity.
“We are very excited to be launching Knight Link in Europe,” says Kee-Meng Tan (pictured), managing director, head of the electronic trading group in Europe. “Knight Link is designed to bring European clients quality executions with high fulfilment rates and low cost on a low-latency platform.”
Knight Link is authorised and regulated by the UK Financial Service Authority as a systematic internaliser, in accordance with the Markets in Financial Instruments Directive. Knight Link
NYSE Technologies, the commercial technology unit of NYSE Euronext, is actively expanding its SuperFeed product suite to Asian markets.
SuperFeed is NYSE Technologies’ fully managed and hosted data ticker plant, with microsecond latency and coverage of major markets in North America, Europe, and now Asia.
SuperFeed Asia currently provides access to the Hong Kong Stock Exchange’s price reporting system derivatives feed and market data feed cash feed via its Hong Kong data centre, with plans to expand to other major Asia-Pacific markets in 2010.
“SuperFeed is one of our most comprehensive and flexible market data products globally, delivering microsecond
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
