Month: June 2013

Thomson Reuters Up, FXall Volumes Steady in May

There was generally positive news from Thomson Reuters last week regarding volumes at its two main spot trading businesses. Thomson Reuters’ average daily FX Spot volumes for May 2013 were $140 billion, a 7.6% increase on April, but down 9% year-on-year. This represents the average amount traded daily on Thomson Reuters main FX spot trading […]

Deutsche Launches Autobahn Mobile

Deutsche Bank has launched Autobahn Mobile, a new initiative to make its Autobahn sales, trading and research platform available via mobile devices. The latest development will allow institutional and corporate clients to access electronic content and features from Deutsche’s Autobahn, including the App Market and toolbar functionality. The platform provides access to the bank’s suite […]

TMX Connects SuperD to Nasdaq OMX’s NLX

Financial infrastructure services provider, TMX Atrium, has connected SuperDerivatives to Nasdaq OMX’s new London-based trading venue, NLX. The market data and derivatives technology firm originally connected to TMX over a VON (virtual private network) in order to get rapid access to the new platform. The firms’ say that this connection allowed SuperDerivatives to develop market […]

Tibco Acquires StreamBase

Infrastructure software provider, Tibco, Software has acquired high performance event processing and real-time analytics software provider, StreamBase Systems. Tibco has identified that event processing is fundamental to solving big data challenges, therefore, by combining each firms’ specialisms, the newly created company can enable big data to be processed in real-time to provide an event-based alternative […]

Ritossa to Join Icap Board

Ivan Ritossa will be appointed to Icap’s board as a non-executive director, following the firms’ annual general meeting in July. Ritossa was formerly on the executive committee of Barclays Investment Bank and was most recently head of Latin America, Central and Eastern Europe, the Middle East and Africa for Barclays across all products for the […]

Tradition Launches Volatility Futures Platform

Interdealer broker, Tradition, has launched Volatis, a hybrid platform created to facilitate the negotiation and subsequent trading of, realised volatility futures with a variance pay-off listed and cleared on CME Group exchanges. Tradition has designed the platform to support improved liquidity and access to the volatility market, as well as improved pre- and post-trade transparency. […]

ISDA and FOA Launch Client Cleared OTC Derivatives Addendum

The International Swaps and Derivatives Association (ISDA) and the Futures and Options Association (FOA) have launched the ISDA/FOA Client Cleared OTC Derivatives Addendum. The Addendum is a template for use by cleared swaps market participants in order to document the relationship between a clearing member and its client for clearing over-the-counter derivatives transactions across central […]

CLS Adds Natixis as Settlement Member

CLS Group has added Natixis as a CLS settlement member, taking the number of member financial institutions to 63. Natixis went live as a settlement member on 20 May 2013 after being a CLS third party participant for a number of years. The firm became a shareholder in the multi-currency cash settlement system in 2012 […]

Clearing Brokers Support ISDA CCS Initiative for OTC Derivative Reporting

The International Swaps and Derivatives Association (ISDA), and Sapient Global Markets, a division of financial services provider, Sapient, last week announced that four over-the-counter derivatives clearing brokers – Futures Commission Merchants (FCMs) – have confirmed their support for the Clearing Connectivity Standard (CCS) initiative to standardise reporting for cleared OTC derivatives. CCS is an industry […]

US Muddies the Extraterritorial Waters

The progress of US efforts to enforce cross border regulations recently imposed by the Commodity Futures Trading Commission hit a stumbling block last week when the US House of Representatives voted to block the legislation through the passing of a Bill, H.R. 1256, the Swap Jurisdiction Certainty Act. The House voted by a majority to […]