Electronic options exchange HedgeStreet says that Susquehanna International Group (SIG) and DRW Trading Group (DRW) have launched market-making services on its platform. In addition, SIG and DRW have taken investment stakes in HedgeStreet. Together with a second investment from the Chicago Board Options Exchange (CBOE), HedgeStreet has closed its latest funding round.
Inrer-dealer brokers GFI Group and ICAP are launching the first multi-broker tradable iTraxx tranche fixings for the interbank market. The month-end fixings will be established by dealers inputting prices onto a joint GFI/ICAP platform and follows on from fixings in previous months operated by GFI.
Inter-dealer broker Tullett Prebon has established a nuclear fuel derivatives desk. The firm is already active in the power, gas, oil, coal and emissions markets. The desk will initially offer utilities, miners, banks and funds, a set of standardised financially settling contracts on U3O8, but are intending to look other areas of the fue lcycle as well as wider, cross-product applications in the near future.
GL TRADE, a solutions provider for financial institutions, has announced that Russian DMA equity and derivatives broker, BrokerCreditService, will go live on EDX using GL TRADE ASP technology. BCS Group's clients will have a cost-effective opportunity to trade directly on EDX London which launched, last December, Russian IOB equity derivatives services. This enables equity and index derivatives based on IOB Russian depositary receipt instruments to be traded on-exchange and cleared by LCH.Clearnet.
NYSE Group has received approval from the U.S. Securities and Exchange Commission (SEC) to launch its fixed-income trading platform, NYSE Bonds. The newly-developed system makes us of NYSE Arca's matching technology to offer a trading platform for all NYSE listed corporate debt securities.
ICAP wants to offer electronic trading in the New Zealand dollar around the globe. The inter-dealer broker is introducing the "Kiwi dollar" (NZD) to the EBS electronic spot FX trading platform as a tradable currency against the US dollar so traders can view the NZD tradable pair along with the other major dollar, euro and yen currency pairs, and precious metals, on the same screen.
The Dubai Financial Services Authority (DFSA) has granted Eurex the status of a Recognised Body within the Dubai International Financial Centre (DIFC). The DFSA is the regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the DIFC.
FXMarketSpace, a centrally-cleared, global foreign exchange (FX) platform for the over-the-counter market, today announced that it is fully operational and open for trading. The on-schedule launch comes just 11 months after Reuters and CME announced the creation of FXMarketSpace in May 2006.
Merrill Lynch yesterday introduced ML FX Clone, a methodology for replicating hedge funds' foreign exchange (FX) strategies that will help investors to better understand and ultimately access the FX markets with greater ease and at lower cost. ML FX Clone is designed to replicate the most widely-used FX investment styles followed by active portfolio managers.
Quant House has implemented access to Hotspot FXi, a multibank foreign exchange marketplace, via its feed handler. Quant House is a provider of low latency market data technologies, trading strategies development frameworks, execution engines and proximity hosting services that aim to help programme trading firms to trade ahead.