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Tech Corner

Taiwan’s Yuanta Bank has connected to Fenics Gateway, a hosted messaging hub, and also extended its Fenics Professional license. The Fenics Gateway connects multibank and single bank transactional venues to Fenics Professional clients. It also links into the client’s Fenics database for risk management and onward distribution to trade repositories via third parties such as Traiana.

Deutsche Borse-owned electronic trading platform, Xetra, has announced the launch of eight new currency exchange-traded notes (ETNs) issued by ETFS Foreign Exchange. The eight new currency ETNs allow investors to participate in the performance of currency indices with a leverage factor of five for the first time. The underlying ETNs track the exchange rate movements of the euro to the Australian dollar, Japanese yen, Swiss franc and US dollar. Depending on the ETN selected, investors have the opportunity to benefit from a rising or a falling euro exchange rate.

BCS Financial Group, a trader in Russia for equities, FX and derivatives, is using Horizon Software to launch its derivatives market-making and distribution activities. Horizon will provide Delta One and Option Trader, a market-making platform, which includes native exchange connectivity to numerous exchanges throughout Europe. Horizon’s APIs will allow the platform to be integrated into BCS Financial Group’s existing infrastructure. BCS Financial Group will benefit from Horizon’s volatility management developments, as well as embedded volatility and pricing models.

Broadridge Financial Solutions has released new functionality for its Proactive solution suite for reconciliation and process management. The release includes a new confirmations portal that eliminates paper-based communications for the affirmation of FX and non-deliverable forward (NDF) trade confirmations. Sell-side confirmations received via Swift are published via the Internet, allowing buy-side organisations to view, affirm, or query them. Proactive’s reconciliation enhancements include extended range of alerts, graphical dashboards and reports.

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