Data, portfolio valuation and OTC derivative trade processing vendor Markit Group says that global custodian Northern Trust has selected the firm as its preferred provider of OTC derivative valuations.
Bank of New York extends OTC derivatives valuation service to cover swaptions, FX and equity options
Global custodian Bank of New York says it has expanded its independent valuation service for OTC derivatives to include European swaptions, foreign exchange options and OTC equity options. The bank already provides valuation services for interest rate swaps and credit default swaps.
Interest rate swap trading platform Swapstream is introducing an Euro Overnight Index Average (Eonia) swaps trading facility on its sDealer platform. Swapstream users already trade the medium to long end of the IRS curve through the platform, and the new service simply extends its coverage to the short end.
Trading and back office systems vendor GL TRADE says its Tradix OTC derivatives platform is selling well, following expansion of its instrument coverage and better connectivity between its front and back office applications.
GL TRADE has launched the a so-called options startegy scanner, which it says can instantly simulate all possible options strategies based on the expected price/date of the underlying value and profitability criteria.
The parent of the New York Mercantile Exchange has ditched plans to operate a trading floor in London. Open outcry trading in London "never took off the way that we hoped," a Nymex spokeswoman explain
SwapsWire announced yesterday that Capitalia Spa is the first Italian bank using its system to automate OTC equity and interest rate derivative trade confirmations. Capitalia started confirming interest rate swaps trade electronically in August 2006 and went live with equity options on SwapsWire in December.
Advanced Financial Applications (AFA) is adding an options trading capability to its IMPACT Pro platform. Phase I offers clients options trading capabilities, and is available now. Phase II, likely to be release at the end of the first quarter, will include analytics functionality
GL TRADE, a provider of front-to-back solutions for international financial institutions, has launched GL SCANNER, the first options strategy scanner. GL SCANNER is a hosted, server-based solution.
From today, the Spanish derivatives exchange MEFF has expanded its futures and options contracts to cover all the underlying shares in the IBEX 35, and PRISA. This means MEFF now provides 100% coverage of the Index’s capitalisation, both with futures and with options.