GL TRADE, a provider of integrated solutions for financial institutions, working in partnership with the London Stock Exchange (LSE) and its derivatives business EDX London, will hold its first joint trading forum in Moscow on 29 March. The forum will give an overview of the LSE's International Order Book (IOB) and the newly launched EDX Russian IOB Equity Derivatives Services.
The International Securities Exchange announced yesterday that it set a new record daily trading volume of 5,531,875 equity and index options contracts on Tuesday, February 27, 2007. The previous record for contracts handling was 4,580,678, and was set on January 20, 2006.
Derivatives pricing software provider NumeriX yesterday announced a strategic partnership with ClusterSeven, a developer of enterprise spreadsheet management and control software. The combined technologies give customers the capability to quickly and accurately price and execute financial products without leaving Excel, the trader’s preferred technology tool.
BNY ConvergEx Group, a provider of agency brokerage and investment technology solutions, yesterday announced record new client numbers for its commission recapture business in 2006. Globally, 279 new clients entered into commission recapture programs with LJR Recapture Services, up from 217 in 2005, a 29% increase year-on-year. This number represents a record high for LJR Recapture Services since joining The Bank of New York’s affiliate BNY ConvergEx Group (formerly BNY Securities Group) in 2005.
Derivatives valuation experts SuperDerivatives have opened a sales and support office in Mumbai, together with a dedicated data centre, to support the company's expanding customer base in India. The new regional office and extended local team will provide sales, support training and professional services to SuperDerivatives users coming from both the private and public sectors.
SwapsWire has claimed record volumes in 2006. The electronic swap trading platform says that last year it confirmed more than one million trade events for the first time - more than double the number in 2005.
London-based fund manager Schroders has expanded its relationship with the UK-based fixed income and derivatives portfolio modelling software vendor CAfIT to include use of an "analytics engine."
F&C Asset Management selects Charles River Development to automate pan-European front-office investment management operations
Charles River Development (Charles River), a provider of financial software and services to the global investment management community, yesterday announced that London-based F&C Asset Management (F&C) has selected the Charles River Investment Management System (Charles River IMS) to support its front office equity, fixed income and derivative operations.
Charles River Development, a provider of front- and middle-office systems to the global investment management community, yesterday announced that BlueBay Asset Management is now trading derivatives via the Charles River Investment Management System (IMS) and has been using the system since 2005 for its fund management business totaling in excess of US$9 billion in assets under management.
In a new report based on the first week of trading on the U.S. equity options market penny quoting pilot (which commenced on January 26th), trading platform provider Tethys Technology predicts that algorithmic execution in options markets will grow.