Day: 23 February 2014

And Finally…

It may be a subtle shift but I find it interesting that the new Chicago Fed Letter attempts to advance the debate over high speed trading – a development that more reflects the reality of the modern market. There remains much emotion and continued misunderstanding over the subject of high frequency trading, mainly because – […]

Around the World

CFTC Hits FX Fraudsters The Commodity Futures Trading Commission (CFTC) has revoked the Commodity Pool Operator and Commodity Trading Advisor registrations of Veruus Wealth Management (Veruus). The CFTC warned Veruus on August 21, 2013, that it planned to revoke the company’s registrations on the basis that it has engaged in civil theft and conversion of […]

On the Move

Monza to join EBS in Singapore Andre Monza will be joining EBS as head of solution sales and business development, Asia Pacific next month. Singapore based, Monza was previously the managing director, Asia Pacific at Integral Development Corporation for three years. He has also held the post of CEO, South East Asia with technology firm […]

Advanced Markets Adds Metals

Advanced Markets has launched trading in spot platinum and palladium. The new metals products will be priced and traded through Advanced Markets’ Direct Market Access (DMA) market structure, allowing market end users to trade on multi-bank liquidity provided by market makers in a low latency, pure agency model. The company already supports DMA trading of […]

CLS Volumes Start Year with an Upturn

CLS has reported an increase in the average daily volume (ADV) submitted to its settlement and aggregation services for January, with instructions submitted increasing 22.4% from 988,674 in December to reach 1,210,588. The average daily value submitted to CLS was US$5.29 trillion, up 8.6% from US$4.87 trillion in December. But ADV remains down when compared […]

Javelin SEF Connects to Nine Clearing Firms

Javelin Capital Markets has connected to nine individual clearing firms for the post-trade clearing of interest rate swaps on the Javelin Swap Execution Facility (SEF). This means the SEF can now send customer trades for clearing acceptance at LCH or CME to the following clearing firms: Bank of America, Barclays, Citigroup, Credit Suisse, HSBC, JP […]

Risk Management Key Focus for Institutional Investors – Study

BNY Mellon has released a new study highlighting the increased importance of risk management for institutional investors. The study, written in collaboration with Nobel Prize-winning economist Dr. Harry Markowitz, shows that 73% of these investors expect to spend more time on investment risk issues, while 68% expect to spend more time on operational risk issues. […]

ISDA Publishes 2014 Credit Derivatives Definitions

The International Swaps and Derivatives Association (ISDA) has announced the publication of the 2014 ISDA Credit Derivatives Definitions. This document contains the basic terms used in the documentation of most credit derivatives transactions. The 2014 ISDA Credit Derivatives Definitions introduce several new terms, including such as ‘standard reference obligation’, bail-in/financial terms for credit default swap […]

Lucera Launches On-Demand Infrastructure for Electronic Trading

Lucera Financial Infrastructures has announced the availability of its infrastructure to power electronic trading by financial institutions and high-frequency trading (HFT) firms. The firm says its platform is designed to enable customers to accelerate time-to-market, provide high-speed connections to marketplaces and exchanges, and reduce operational and regulatory risk while eliminating the capital expense of building […]

…As JP Morgan Named

JP Morgan has reportedly said it has been named in a number of class-action lawsuits over its foreign-exchange trading business. Reports indicate that the bank has also received requests for information about its foreign exchange trading from authorities both inside and outside the US, according to a regulatory report filed by the bank last week. […]