Day: June 16, 2013

And Finally…

There is a paradox in the FX industry that is highlighted in the top two stories in Squawkbox this week – on one hand we have an initiative aimed at making the market a better, fairer and more transparent place and …

Tech Corner

Kx Systems has released the latest version of its high-performance database, kdb+ v3.1, as well as its latest benchmark results. Following performance enhancements, the kdb+ v3.1 has seen results up to 8 times faster than any previous Securities Technology Analysis Centre M3 benchmarks, says the firm. Compared to previous best results, the latest version runs […]

On the Move

NFA Adds Four Swap Participant Members The National Futures Association (NFA) has added four swap participant members to its board. The election follows a unanimous vote in August last year when the board voted to increase the size and modify the structure of the board to integrate swap dealer and major swap participant members into […]

EACH Calls for CCP Exemption

The European Association of CCP Clearing Houses (EACH) last week urged regulators to exempt central counterparties (CCPs) from the bail-in provisions of the banking recovery and resolution framework proposal. The body says that the inclusion of CCP cleared contracts in the bail-in provisions would be counter to a number of the provisions in the European […]

ISDA Publishes 2013 SCSA

The International Swaps and Derivatives Association (ISDA) has published the 2013 Standard Credit Support Annex (SCSA). The SCSA aims to standardise market practices in collateral management for OTC derivatives. It removes embedded optionality in the existing CSA, promotes the adoption of overnight index swap (OIS) discounting, and aligns the mechanics and economics of collateralisation between […]

Report Identifies PB Technology and Services Trends

Software and IT Services provider, SunGard, in association with financial research firm, Finadium, has identified five key trends in prime brokerage technology and services that are helping to create new approaches for companies. The companies state that developments in these areas have helped to evolve and create methods for client services to help companies achieve […]

Traiana Expands Harmony ClientLink Capabilities

Post-trade and risk services provider, Traiana, has expanded Harmony ClientLink’s cross-asset capabilities to include the cash equities and fixed income markets with a number of brokers. Harmony CreditLink now offers a comprehensive cross-asset straight through processing (STP) and allocation platform for banks, brokers and buy-side firms. The offering provides executing brokers and prime and clearing […]

StanChart RGI Reaches New Record for April

The Standard Chartered Renminbi Globalisation Index (RGI) has recorded a new high of 925 in April, up 3.7% from 892 in March. The expanding pool of Dim Sum bonds and certificate of deposits (CDs) was the biggest driver of the RGI’s increase for the month, says StanChart. “While slowing issuance momentum in May will likely […]

Progress to Sell Apama

Progress Software says it has signed an agreement to see its Apama complex event processing solution to Software AG.  The terms of the transaction, which is expected to be completed in the third quarter, were not disclosed. Phil Pead, Progress president and CEO, says, “After careful consideration, we concluded that it is in Progress’ best […]

Digital Vega Confirms SEF Application

Digital Vega has confirmed that the company has begun the application process to become a swap execution facility (SEF). Following a review of the recently published documentation from the US Commodity Futures Trading Commission (CFTC) on the application process, regulations and structure, the firm has commenced the process and expects to meet the required deadlines […]