Markit Group, the London-based provider of OTC derivatives trade data, valuation and processing services, has appointed James Savitsky and Thomas Geraghty as Directors within its Asset-Backed Securities (ABS) sales and product development team.
Gissing Software, solution specialists in the routing and transformation of real-time market and trade data, has announced the immediate availability of Gissing RealtimeXL 3.0, its Microsoft Excel add-in. The latest release incorporates a number of improved usability features including an enhanced toolbar, data viewer, administration interface and a number of wizard formula builders, making it easier for traders to handle and manipulate real-time market data within Microsoft Excel, the firm says.
The hedge funds tracked by the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index finished 2006 with average annual returns up 9.51%, according to Oliver Schupp, President of the Credit Suisse Tremont Index, LLC.
TradingScreen, a provider of multi-broker, multi-product trading platforms with straight-through-processing, have announced the integration of Credit Suisse’s Advanced Execution Services (AES) algorithmic trading strategies for the listed futures markets into TradingScreen’s full suite of trading products (TradeSmart, TradeExcel, TradeFIX, etc…).
Neil Edelstein, who specializes in reference data and securities pricing services, has joined New York-based Jordan & Jordan’s Management Consulting Practice. Jordan & Jordan says Edelstein's experience in addressing data quality, sourcing and distribution issues from the perspectives of both the vendor and the consumer will provide its clients with practical solutions to meet their security master file and reference data management challenges.
Royalblue, provider of Fidessa, a provider of multi-asset trading systems, market data and global connectivity solutions, has announced that Jefferies (Japan), Tokyo Branch, a member of US-based Jefferies Group, has gone live as its first client using a fully-hosted version of Fidessa's Japanese Trading Platform. Jefferies is a global investment bank and institutional securities firm.
FutureTrade, a provider of multi-asset and algorithmic trading services, has announced that it has achieved record revenues and volumes in 2006, continuing a 4-year trend. The firm's US equities trading volumes grew by 25%.
Best Execution only on the agenda of three European buy-side firms out of four, new Edhec-Risk Advisory study finds
In an HSBC-sponsored study, Edhec-Risk Advisory questioned 127 buy-side firms about their level of preparedness for MiFID's Article 21, which stipulates that firms must prove compliance with a Best Execution strategy. 26 responses to Edhec's questionnaire were provided by hedge fund managers while 101 responses came from traditional asset management firms.
Credit Suisse and Relegence, a real-time search and news engine for the global financial services industry, have enhanced their joint venture product, Relegence Connect. The product now provides quantitative metrics, enabling users to identify investment opportunities in a real-time environment within organisations and industries.
Euroclear and The Clearing Corporation of India Limited (CCIL) have signed a memorandum of understanding regarding post-trade processing collaboration. Both companies have penned a non-binding agreement to explore the possibility of closer ties, aimed at building and nurturing a long-term, cooperative relationship.