Derivatives

Quantifi launches Version 8.6 with CPDOs and tranche options

Quantifi, a provider of analytics and risk management solutions to the global credit markets, yesterday announced the launch of Quantifi Version 8.6, a toolkit for the pricing and risk assessment of credit derivatives. With the release of version 8.6, Quantifi maintains its leadership by being first-to-market with pricing models for some of the market's latest innovations, such as constant proportional debt obligations (CPDOs), options on CDO tranches, and forward starting CDO tranches.

ClusterSeven partners with DoubleHelix to offer spreadsheet management solutions

ClusterSeven, a spreadsheet management software provider, announced a strategic alliance with DoubleHelix, a management consulting firm specialising in derivatives, credit derivatives and treasury departments, to offer spreadsheet management solutions for mission critical spreadsheets in major investment banks, asset management firms and private banks. This partnership, formed in 2006, covers the UK and Europe.

Trading Technologies provides connectivity to booming MEFF derivatives exchange in Spain

Derivatives trading software vendor Trading Technologies International (TT) is introducing a trading gateway to connect its X_TRADER order-entry platform to the Spanish derivatives exchange, MEFF. TT plans to release the MEFF gateway later this year. The company will also launch a MEFF simulation environment, which will allow X_TRADER users to test and refine trading strategies without risking capital.

Eurex to use Bloomberg calculation model to price new credit index futures

Eurex, the international derivatives exchange, yesterday announced it will use a new Bloomberg model to calculate the final settlement prices of its new credit index future, to be launched on 27 March. These prices will be displayed and can be analysed on the Bloomberg Professional service.

Trading Technologies to offer connectivity to Middle East's first energy futures exchange

Trading Technologies International (TT) yesterday announced plans to offer energy traders connectivity to the Dubai Mercantile Exchange Limited (DME) when the Middle East's first energy futures exchange begins operations on May 1, 2007. It is a joint venture between Tatweer, a member of Dubai Holding, and the New York Mercantile Exchange (NYMEX).

New Canadian derivatives exchange to begin operations in 2009

TSX Group CEO Richard Nesbitt and International Securities Exchange (ISE) president and CEO David Krell yesterday announced the creation of DEX, a new derivatives exchange which is scheduled to begin operations in March 2009 and will list and trade options, futures and options on futures on a range of Canadian securities.

Eurex Repo sets new record

Eurex Repo, the electronic repurchase agreement (repo) market of the international derivatives exchange Eurex, reached a new peak on 23 February; the daily outstanding volume in the Euro repo market totaled €57.5 billion. The previous record was €55 billion reached on 10 November 2006.

UBS Securities Malaysia becomes Malaysia's first foreign broker to be granted authorised borrower status

Bursa Malaysia has granted UBS Securities Malaysia authorised borrower status under its reintroduced regulated short-selling and securities borrowing and lending activities scheme. "We are delighted at being allowed to participate in the Securities Borrowing and Lending (SBL) framework," says Joe Cavatoni, head of equity swaps, Asia, UBS. "The re-introduction of these measures will contribute strongly to greater liquidity and enhance the attractiveness of the Malaysian market," he adds.