Standard & Poor's Securities Services and IVRS, a subsidiary of Lombard Risk Management, have reached an agreement by which each party's clients will have access to a broader range of independent valuations for hard-to-value, illiquid and complex financial instruments.
Instinet Chi-X, the first pan-European equity alternative trading system (ATS), or multi-lateral trading facility (MTF), as it will be known once MiFID goes into effect in November, yesterday announced that its roundtrip latency has been measured at 10 milliseconds - or 1/100th of a second — after a series of latency and throughput tests performed by TransactTools.
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.
Trading platform provider Imagine Software says that Stoneworks Asset Management, a London-based global macro fund, has bought the firm's ASP service, derivatives.com, to support its trading and risk management activity as it enters its first months of trading.
GL TRADE has launched the a so-called options startegy scanner, which it says can instantly simulate all possible options strategies based on the expected price/date of the underlying value and profitability criteria.
The Nordic stock exchange group OMX says the owners of the Ljubljana Stock Exchange have invited the company to join discussions on how OMX can help enhance the "efficiency, liquidity and visibility of the Slovenian capital market."
The parent of the New York Mercantile Exchange has ditched plans to operate a trading floor in London. Open outcry trading in London "never took off the way that we hoped," a Nymex spokeswoman explain
Spanish stock exchange group Bolsas y Mercados Españoles (BME) has tripled its electronic trading system's capacity. In 2006 its SIBE platform handled over 200 million transactions. The SIBE electronic system aims to guarantee that any investor, whether they are from Spain or elsewhere, receives the best price on the market at any time and the maximum liquidity and speed in the execution of their orders.
On Friday the US regulator, the Securities and Exchange Commission (SEC), extended three of the future compliance dates for Rule 610 and Rule 611 of Regulation NMS, the US equivalent of the Markets In Financial Instruments Directive (MiFID).
RIXML.org, a consortium of buy-side, sell-side and vendor firms that is developing the first open standard for investment research, says SNL Financial, an information and research firm, has joined the organisation.