Markit Group to price loan credit default swaps

Markit Group, which provides OTC derivatives valuation and trade processing services, has extended its pricing service to loan credit default swaps (LCDS). Markit says LCDS was launched in response to strong interest in the nascent LCDS market from dealers and institutional investors wishing to take synthetic exposur

Euroclear buys UK mutual fund order routing network EMXCo

Euroclear has bought the UK mutual fund order routing network EMXCo. The Brussels-based ICSD, which also owns the UK CSD (CRESTCo) says that by combining mutual fund order routing with settlement services it can shave 50% off fund manager costs, primarily through the elimination of manual processing, especially in set

Electronic bond trading up sharply in 2006, says Sifma survey

The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data, which was compiled from more than sixty operators of electronic trading systems for fixed-income securities in the US, Eur

CHX drops manual trading

Last Thursday the Chicago Stock Exchange (CHX) launched its fully automated trading system in which participants can submit orders from any location for immediate display. "This roll-out is the culmination of a multi-year effort to meet the requirements of Reg NMS and satisfy the growing trend towards high velocity al