Chicago Mercantile Exchange has outbid electronic rival Intercontinental Exchange (ICE) to acquire the Chicago Board of Trade (CBOT), creating the world's largest derivatives exchange.
Yesterday, Greenwich Associates, a research-based consulting firm in institutional financial services, announced its 2007 U.S. fixed income dealer rankings, which place Lehman Brothers and JPMorgan in joint top position.
On Monday, Markit, an industry source of independent data, portfolio valuations and OTC derivative trade processing, launched an integrated pricing and performance monitoring service for the European asset-backed securities (ABS) market.
Yesterday, Daiwa Securities SMBC Europe, a subsidiary of Daiwa Securities SMBC Co., an investment banking joint venture 60%-owned by Daiwa Securities Group and 40%-owned by Sumitomo Mitsui Financial Group, signed an agreement with ORIMOS
In June, trading volumes on Eurex, the Deutsche Boerse's derivatives exchange, rose to 196.3 million contracts, 28 percent higher than June 2006, making it the second strongest month so far for the exchange
Northern Trust offers valuation and collateral management services to fund mangers investing in OTC derivatives
Northern Trust has expanded its OTC derivatives valuation and processing service for institutional investors and fund managers to include independent valuation of derivatives for its custody, fund administration and investment operations outsourcing clients.
Wall Street Systems adds post-trade notification functionality to FX trading platform via partnership with Logicscope
Treasury systems provider Wall Street Systems has formed a partnership with Logicscope, a vendor of automated post-trade notification and automation technology, which will see Logicscope's TradeSTP post-trade notification software integrated into the Wallstreet FX ASP application.
Interactive Data Corporation says its has enhanced its low latency, digital PlusFeed service with the addition of new OTC content and a fresh representation of existing data sourced from Tullett Prebon Information
Reuters, an information company, has announced that its evaluated pricing service available on Reuters DataScope Select now releases bespoke valuations for IRS, CDS, CDX and CDS deals at premium and end of day time points.
Omgeo, a post-trade, pre-settlement trade management services provider, announced last week that ABP Investments (ABP), a pension fund, has gone live on Omgeo central trade manager (Omgeo CTM).