MarkitSERV extends ICE Clear Credit connectivity
Electronic trade processing firm MarkitSERV has extended its connectivity and trade management support for clearing of buy-side credit default swaps transactions at ICE Clear Credit.
MarkitSERV has been connected to ICE since 2011 and this latest enhancement supports an additional ICE Clear Credit API, letting clearing members perform take-ups using existing integration to ICE Clear Credit when trades are submitted via MarkitSERV.
“With CDS clearing connectivity to ICE Clear Credit, ICE Clear Europe, CME, LCH.Clearnet and CDSClear, MarktSERV is the only platform to provide trade routing to all active OTC credit clearing houses,” said Henry Hunter, head of product management at MarkitSERV.
Burgundy plans migration to Millennium Exchange
Nordic multilateral trading facility Burgundy, which was recently purchased by Oslo Børs will shift to the London Stock Exchange's Millennium Exchange trading platform next year.
Burgundy will go live on Millennium Exchange in the second quarter of 2013 and a specific date will be announced in the new year. Information meetings will be held to discuss the migration in Stockholm, London and Oslo in January.
In a statement, Oslo Børs said: “We aim to make it as easy as possible for members and vendors to access both the Oslo Børs and Burgundy markets. The access to one of both markets places will be regulated in the membership agreement and in the enablement setup from Oslo Børs. Members can use one single connection to access both markets.”
Charles River secures Russia client
Investment management solutions provider Charles River has extended its trade management system to Russian asset manager VTB Capital.
The first phase of implementing version 9 of the Charles River Investment Management Solution is complete and will cover automated decision support, trading and compliance activities for all asset classes across VTB's portfolio management business. The second phase will integrate performance measurement, attribution and risk functions into the system.
“We have a highly-complex account structure, and Charles River IMS deliver the views, asset and cash management, and the modelling and trading tools we require to support the diverse investment needs of individual, high-net worth and institutional clients,” said Vladimir Potapov, global head of portfolio management at VTB Capital Investment Management.
Interactive Data expands network with LSE presence
Low-latency infrastructure firm Interactive Data will expand its 7ticks network to include a new point-of-presence (POP) at the London Stock Exchange's (LSE) data centre.
The new POP will offer local access points between London and Milan, Oslo and the LSE’s multilateral trading facility Turquoise, improving latency performance.
“London is a major centre for electronic trading and as such is continually evolving, which creates a high level of demand for our services as clients expect better connectivity and faster execution times,” said Emmanuel Doe, president, Trading Solutions Group for Interactive Data.
ConvergEx includes PortfolioScience risk tools in OMS
Trading technology provider ConvergEx now offers risk management tools from PortfolioScience within its Eze order management system (OMS).
Eze customers can view and analyse value at risk measures, historical volatility and the value of their portfolios and positions under stressed market conditions. Combining real-time views of P&L, exposure and investment strategies with risk measures will also be offered through the OMS.
“The addition provides our customers with risk measures that reflect intraday portfolio activity and are intuitive to understand. Eze Portfolio Management users now have expanded access to a new set of measures that are important for monitoring and managing their portfolio risk and performance,” said Davide Cis, director of risk product management for ConvergEx’s Eze Castle Software.
Electra links to First Treasury for Asia-Pacific expansion
Post-trade solutions provider Electra will team up with financial services consultancy First Treasury as part of an expansion to the Asia-Pacific region.
First Treasury will resell Electra-provided solutions including ESTaARS, OpenSTaARS, Quantum, ACTioN and RecCollect to clients in the region. The solutions provide post-trade data aggregation, reconciliation and settlement functions.
“We have seen a growing demand for accurate post-trade solutions from the Asia-Pacific region,” said Ian Danic, managing director, Electra.
Deutsche Börse extends AlphaFlash connectivity to Sydney
Deutsche Börse is now offering direct connectivity to its AlphaFlash Trader application through a data centre in Sydney, which will improve data transmission speeds for clients in the Asia-Pacific region.
AlphaFlash Trader is a trading application that brings automated event driven trading to popular execution platforms and is available through connectivity in Chicago, London and Sydney.
“The Asia-Pacific region is a growing market for event trading and we want to ensure optimal data transmission for local customers,” said Georg Gross, head of front office data and analytics at Deutsche Börse.