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, 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.
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.
The American CSD, the Depository Trust and Clearing Corporation (DTCC), says its Deriv/SERV OTC derivatives order routing and matching business has had a record year, with transaction volume tripling in 2006. As a result, DTCC is providing a first-time rebate of $3 million to its dealer customers.
The trade association for the American securities industry, the Securities Industry and Financial Markets Association (SIFMA) says it will respond to a market best practices guide published by the US Treasury Department on 9 February.
American insurer AIG has launched the AIG Emerging Markets Foreign Exchange Index in response to the growth of investor interest in emerging markets and foreign exchange as asset classes in recent years.
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.
GAIN Capital Group, a provider of Foreign Exchange (Forex) trading and services for institutional investors, yesterday launched a new margin trading platform FOREXTrader for Windows. It was tested with a select group and is available free of charge to GAIN Capital Group global clients.
Buy-side foreign exchange trading services provider GAIN Capital Group has launched a new version of its margin trading platform, FOREXTrader for Windows. Following a successful beta test with select clients, the platform is now available at no charge to GAIN Capital Group clients around the world. It can be accessed via GAIN Capital (www.gaincapital.com), GAIN's service for professional traders, and FOREX.com (www.forex.com), GAIN's retail division for self-directed individual investors.
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).