News

DTCC appoints CLS Bank to settle OTC derivatives contracts

The Depository Trust & Clearing Corporation (DTCC) has appointed CLS Bank International (CLS) to provide central settlement of payments for over-the-counter (OTC) derivatives contracts housed in the Trade Information Warehouse it launched earlier this week. The aim is to provide an integrated global payment processin

DTCC launches OTC Derivatives Trade Information Warehouse

The Depository Trust & Clearing Corporation (DTCC) has launched a Trade Information Warehouse, which it claims will reduce the manual component in post-trade processing of over-the-counter (OTC) derivatives transactions. DTCC announced its plans to build the warehouse in February this year. Since then, a DTCC team ba

Eurex to modify prices in bid to increase volumes traded algorithmically

Eurex, the derivatives exchange operated by Deutsche Borse, is to launch an incentive program designed to increase the volumes of proprietary and algorithmic trading done by its clients. Due to be launched on 1 February 2007, the program will include volume discounts for exchange-based transactions in key Eurex product groups.

Reuters tags news for clients to feed into automated trading programmes

Reuters is attempting to take news-driven trading to a new level by tagging news items so that they can be read by computers and fed into automated trading programmes. Reuters NewsScope Real-time will let Reuters clients use Reuters live news content to drive automated trading and respond to market-moving events as t

LSE confirms rejection of Nasdaq's final offer

The Board of the London Stock Exchange Group plc yesterday published its formal rejection of Nasdaq's final order. The Board rejected the offer because its members felt it substantially undervalued the Exchange. "The transatlantic deal between the New York Stock Exchange and Euronext has meant that Nasdaq is under pr

FutureTrade launches multi-asset class and cross-border trading platform

FutureTrade, a provider of integrated electronic equity, option and algorithmic trading services, announced the release of its Version 4.0 trading platform yesterday. Version 4.0 includes direct access to international equity markets and improved integration of equity and options trading facilities. "Our clients have

ISE launches fully displayed stock market

The International Securities Exchange (ISE) announced yesterday that the launch of its fully displayed stock market on Friday, December 8, was successful. The ISE Stock Exchange is a completely automated market place that offers high-speed order execution capabilities, neutral access rules and integrated access to bot

Sifma finds electronic bond-trading volumes are soaring

The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data revealed that 74% of operators of electronic trading systems for fixed income securities witnessed an increase in trading v

Hedge funds ahead of Dow Jones and NASDAQ In November, says Hennessee Group

Hennessee Group says the hedge fund index it maintains was up 1.84% in November, and 10.06% in the year to date, which kept it ahead of the Dow Jones Industrial Average, which was up 1.17% (+14.04% YTD), and the NASDAQ Composite Index, which climbed 2.75% (+10.26% YTD). Bonds also gained in November, as the Lehman Bro