Derivatives

OTC Valuations (OTC Val), a provider of independent valuations for derivatives and other financial products, has announced that Ian Blance is joining the company as vice president of strategic sales.

Orc Software (Orc), a technology provider for advanced derivatives trading and connectivity solutions, has announced that its customer Banca Aletti has utilised Orc technology to launch two new certificates for basket of stocks on the Italian Securitised Derivatives Exchange (SeDeX).

LiquidPoint, an agency-based broker owned by investment technology firm BNY ConvergEx, routed and/or executed 685 million options contracts in 2007.

US exchange CME Group has announced a raft of upcoming technology and interest rate product enhancements.

The Spanish Exchange today began to trade 74 new warrants issued by Bankinter.

Data vendor Markit says the roll-out of its ABX.HE index has been postponed for three months.

Software vendor GL TRADE says BNP Paribas is using its UBIX back-office system for listed derivatives.

Eurex announced late last week that it had completed the acquisition of the International Securities Exchange (ISE).

FAS 157, the new accounting standards launched in November in the United States to regulate the way banks value their assets, are likely to lead to a significant change in the way financial assets are valued, according to OTC Valuations (OTC Val), a provider of valuation and risk reports for over-the-counter (OTC) derivatives.

Deutsche Börse now offers CEF ultra+, a data feed that supplies pre-trade and trade information on the international derivatives exchange Eurex.