Month: June 2009

EBS Continues Technology Roll Out

As noted in Squawkbox two weeks ago, Icap’s EBS platform continues to roll out technology upgrades. Over the past three weeks, the firm has changed its core quote interrupt function to the matching algorithm, meaning that the interrupt process moves from the broker to the arbitrator in each region. Also in production is the latest […]

UniCredit Aggregates FX Liquidity with Progress Apama

UniCredit has gone live with Progress Apama’s FX Aggregation Accelerator for its foreign exchange desks. The bank’s FX traders are now using the Progress Apama platform along with its customised dashboards to connect to a number of liquidity venues to gain an aggregated view of liquidity in the FX market. In addition, UniCredit traders are […]

Bache Commodities Adds to FX PB Team

Bache Commodities Group, a subsidiary of US-based Prudential Financial, is continuing to expand its FX prime brokerage activities with another senior hire. Dominic Cheah has joined Bache Commodities in London as a senior sales person focused on commodities trading advisors and hedge funds. He joins Chicago-based Mike Stone who recently joined the company as a […]

GFI Joins Japanese OTC Derivs Clearing Group

GFI Group has joined a working group set up in May by the Japan Securities Clearing Corp. (JSCC) and Tokyo Stock Exchange to design a central counterparty to clear over-the-counter derivatives. The JSCC and TSE Working Group, set up in accordance with a report released from the Study Group on post-trade processing of OTC derivatives […]

OTC Fared Better than Exchange Traded Derivs in H2 2008: Report

Over-the-counter derivatives suffered less in the second half of 2008 than exchange-traded derivatives, according to a report released last week by International Financial Services London (IFSL), an independent organisation that promotes UK financial services. The report says there was a 13% drop in the notional outstanding value of OTC derivatives from $684 trillion in June […]

Aegisoft Provides Access to FX Liquidity from Major Banks

Trading technology company Aegisoft says its real-time market aggregation and algorithmic trading platform, AthenaFX, now provides connectivity to foreign exchange liquidity from some of the world’s largest financial institutions includingBarclays Capital, Citigroup, Deutsche Bank, HSBC, JP Morgan Chase, Morgan Stanley and UBS. “In today’s rapidly moving and fragmented FX market, traders need a fast and […]

CME Selects StreamBase to Analyse Real-Time Data

CME Group has selected StreamBase’s complex event processing (CEP) service to analyse real-time streaming data.The exchange will deploy the StreamBase service enterprise-wide, initially for its options pricing applications, and use it as its internal standard CEP platform. “CME Group is one of the most demanding technology environments in the world, processing millions of orders a […]

BNYMellon Launches Derivatives360 Platform

The Bank of New York Mellon has launched Derivatives360, a platform to help clients execute and manage derivatives transactions. Derivatives360’s modular design allows clients to select some or all of the components offered by the new platform, allowing them to focus resources and management time on their core activities. “Clients are today looking to outsource […]

AIMA Throws its Weight Behind US Regulatory Plan

The Alternative Investment Management Association (AIMA) has formally announced its support for the financial regulatory reform proposals put forward by the US Treasury. The decision follows a similar announcement from the Managed Funds Association (MFA) last month (Squawkbox, May 18). The US proposals include both the registration of all hedge fund managers whose assets under […]

MSCI Launches FX Indices

MSCI has launched the MSCI FX Hedge Indices, designed to help institutional investors decompose and measure the impact of hedging the currency exposure of MSCI equity indices. Based on the MSCI Global Investable Market Indices (GIMI), the FX hedge indices are designed to reflect the investment process of hedging the currency exposure of a regional […]