Squarepoint Capital, a global systematic investment manager, has significantly expanded its use of Kx technology for investment research, according to Kx Systems, a subsidiary of First Derivatives.
The firm is using Kdb+, Kx’s time-series database, which is used for trading and risk management platforms and Kx says that as faster large-memory servers are becoming standard, investment managers like Squarepoint are designing their systems to capitalise on the extra speed available when analysing the vast data sets that underpin their investment models.
TriOptima has included client cleared trades in a triReduce Mexican peso compression cycle in CME Clearing for the first time.
CME Clearing and TriOptima have offered 15 compression cycles in five currencies since they started collaborating in 2016, compressing a total of $26.1 trillion in notional principal, of which $1.2 trillion is in MXN. There were 17 participants in this cycle.
Commenting on the news, Jacaranda Nava, head of derivatives trading at Banorte, says: “We are pleased to be the first Mexican bank to participate in a cleared Mexican peso compression cycle. Since we are a major participant in the derivatives market, this compression process simplifies the management of our swaps portfolio and optimises our capital requirements.”
CLS has announced plans to expand its bilateral payment netting service, due to launch in 2018, to support more than 140 currencies at launch as opposed to the 24 currencies initially planned.
In a release issued today CLS says that this decision was taken in response to demand from market participants. Coverage will now include all currencies associated with jurisdictions not on an official black and grey or sanctions list that would prevent CLS from conducting business with that jurisdiction.
Compression service provider, LMRKTS (Lmrkts), has become the first firm to sign up to Cobalt DL’s BlueSky service, the shared ledger component of Cobalt’s platform.
The Cobalt BlueSky service is a secure repository of unique shared FX contracts and the staging area for lifecycle events, risk reduction and preparation of trades for settlement finality. It is designed to enable third party technology providers to facilitate and develop their own applications based on access to the database of reconciled transaction data created by the Cobalt network.
Risk management solution provider AtlasFX has added the Transaction Exception Analyser to its cloud-based FX risk and analytics engine.
The Technancial Company (TTC) and Ullink have jointly launched a solution that monitors all Sponsored Direct Market Access (SDMA) trading activity continuously for HFT trading clients on all major exchanges.
Sydney-based Dalton Street Capital, in partnership with Prodigy Investment Partners, has deployed the FlexTrader execution management system to facilitate global cross asset trading of futures, equities and FX.
NEX Optimisation, the NEX Group (Nex) company that helps clients simplify complexity and optimise their resources, has launched an end-to-end regulatory reporting platform ahead of new reporting requirements coming in under MiFID II.
Called Nex Regulatory Reporting, the new platform is being led by Collin Coleman and powered by Abide Financial, a Nex Group business. Abide is a reporting partner to more than 120 clients including banks, asset managers, hedge funds, brokers and trading firms and venues.
“Clients will benefit from seamless processing of large data volumes under multiple regulatory regimes and transparent delivery of final reports to regulators via a suite of in-house regulatory end points,” says Coleman. “We will also continue to deliver the high level of service which our clients recognise us for.”
Pragma has established a connectivity presence in Equinix’s LD6 data centre in London to service its international client base.
Inter-dealer broker Tradition says it has delivered an initial margin optimisation in FX, after extending its partnership with compression and analytics provider LMRKTS.
The two firms announced a strategic partnership in 2016 to handle execution and compression processing for G10 FX forwards and they say in February they completed a Standard Initial Margin Model optimisation for NDFs with a group of Tradition’s clients.
Tradition says it used its existing infrastructure and connectivity, in combination with LMRKTS’s analytics, to provide the end-to-end service for participants.