The derivatives exchange Eurex will be launching derivatives on Russian underlyings denominated in US dollars as of 23 April 2007, the firm has announced. This will enable investors to trade emerging markets derivatives on the Eurex platform for the first time. The derivatives will be traded in US dollars, another first at Eurex.
Investit Intelligence, the research forum dedicated to the operational issues of the investment management industry, has revealed the UK's largest investment management companies' and third party administrators' top priorities for spend and focus in the coming year.
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.
Orc Software, a provider of technology for advanced trading, market making and brokerage, yesterday announced that Nordea, a financial services group in the Nordic and Baltic Sea region, will offer FX execution on the Orc ExNet to ExNet participants, commencing Q1.
Electronic trading of bonds in Europe is set to grow by nearly two fifths. This is one of the most striking findings of the second survey of electronic fixed income trading in Europe by the Securities Industry and Financial Markets Association (SIFMA).
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.
Vhayu, a provider of streaming tick processing and persistence software, yesterday launched Vhayu Velocity for Fixed Income, which delivers real-time analytics and storage of critical fixed income market data.
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.
Barclays Capital's FX strategy team has recently published an article entitled "Carry trades: market regimes, positioning risk and petrodollars," in which it discusses whether last week's setback to carry trades is temporary or if an even bigger correction is around the corner.