Asset Classes

ISE announces record daily trading volume for equity and index options

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.

Enterprise Excel solution helps traders price and model financial products

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 reports commission recapture record high in 2006

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.

SuperDerivatives opens support office for Indian clients in Mumbai

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.

FXall launches new foreign exchange ECN called Accelor

FXall today announced that it has gone live with Accelor, a foreign exchange ECN for professional market participants. It aims to combine the anonymity of ECN trading with an advanced technical architecture and comprehensive market data.

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.