Steel futures bring transparency, efficiency to market

For many years the steel futures market was all talk and little action, but those days are gone as more financial products tied to the price of steel come to market. In April 2008, The London Metal Exchange was the first to launch steel futures with its steel billets.

via Pocket April 08, 2013 at 07:01PM

TabbFORUM – Where Capital Markets Speak

via Pocket April 08, 2013 at 06:58PM

TabbFORUM – Where Capital Markets Speak

via Pocket April 08, 2013 at 06:58PM

Getting Ready for Dodd-Frank: A Checklist for Non-Swap Dealers and Non-Major Swap Participants : The Swap Report

IDBs shifting from SEFs to futures exchanges?

Interdin partners with Integral to add margin FX trading capabilities

First Published Monday, 8th April 2013 from Automated Trader : Automated Trading News

Interdin deploys Integral to add margin FX trading capabilities

Madrid & Palo Alto, Calif. – Spanish retail broker Interdin has partnered with Integral Development, the provider of FX trading solutions and services, to add margin FX trading capabilities to its existing platforms.

Interdin will be the first native Spanish broker to offer fully transparent FX pricing through a non-dealing desk or agency model, providing its customers with direct market access to interbank liquidity. And since Interdin will be offering the new spot FX pricing through its existing multi-asset platform, its customers are able to trade through their already familiar system.

“Margin FX trading is a growing market in Spain,” said Enrique Martí, Director,, Interdin’s online brokerage. “We are proud to offer our customers the reassurance that their trades will be executed directly in the market, without any broker interference. Once we decided this model was in the best interest of our customers, the partnership with Integral allowed us to deliver on this feature quickly and roll it out in just a few weeks.”

Integral cloud services allow Interdin to aggregate liquidity from multiple providers including every major market-making bank, professional trading groups and ECNs. Trade execution and processing is fully automated. Real-time analysis tools put Interdin in control and allow them to manage their business to their exact specifications.

“We take pride in the fact that our cloud-based services allow every broker to implement their vision, their business and risk model, exactly as they wish,” said Harpal Sandhu, CEO, Integral Development Corp. “They know their business best; and we have the solutions to implement quickly and with no upfront costs. Our partnership with Interdin is yet another example of this winning combination.”

Coastal Management deploys OneTick for quant research

First Published Tuesday, 26th March 2013 from Automated Trader : Complex Event Processing News

Quantitative investment management firm selects OneMarketData’s OneTick CEP and tick data solution

New York – OneMarketData has announced that Coastal Management LLC, a quantitative investment management firm, has selected OneTick, a single solution for complex event processing (CEP) and tick data that spans both historical and real-time.

Coastal Management will use OneTick’s analytical tools to build custom alpha generating models, run historical simulations and generate trading signals. OneTick is a mathematical market data analysis platform and big data solution that enables users to discover new alpha opportunities and optimize existing strategies through bull, bear and other market-impacting conditions.

“Outfitting our traders with state-of-the-art research and trading technology is critical to our success,” said Craig Robertson, a managing director with Coastal Management. “OneTick’s rich, comprehensive solution for quantitative research made it the obvious choice for empowering our team to make quicker and smarter investment decisions.”

“OneTick is the quintessential tool for finding alpha in the new normal of a highly challenging trading environment,” said Richard Chmiel, OneMarketData’s senior vice president. “As more investment managers and traders, such as Coastal Management, utilize quant strategies, OneTick is well-positioned to provide them with the analytical tools they need to move the needle.”

Richard Chmiel, SVP, OneMarketData  Richard Chmiel, SVP, OneMarketData

“OneTick is the quintessential tool for finding alpha in the new normal of a highly challenging trading environment.”

FXSpotStream reels in UBS as liquidity provider, now has eight global FX banks–now-has-eight–global-fx-banks

First Published Wednesday, 27th March 2013 from Automated Trader : Algorithmic Trading News

The Swiss bank giant joined seven other liquidity providers as the new FXSpotStream initiative gained momentum.

Jersey City, NJ – FXSpotStream said UBS has joined as a liquidity providing bank, bringing the total to eight global FX banks on the new service.

“The growth in liquidity providing banks since our initial launch and the increasing number of clients accessing the service globally confirms the service’s value proposition,” said Alan Schwarz, CEO.

“With the addition of UBS we continue to execute on our strategic plan, which will soon include additional functionality and products for our clients to access. We expect to have UBS live and available for trading in late Q2 of this year.”

FXSpotStream provides a multibank FX aggregation service to clients for executing spot FX trades. Other top banks offering liquidity include BofA Merrill Lynch, Citibank, Commerzbank, Goldman Sachs, HSBC, JP Morgan and Morgan Stanley.

FXSpotStream is a subsidiary of LiquidityMatch and the majority of its shareholders are liquidity providing banks. It said it does not charge brokerage fees to clients or liquidity banks.

“As a leading FX market participant we are eager to play a role in initiatives that bring efficiencies to the market and reduce the cost of execution for our clients and for UBS,” said Chris Purves, managing director and global head of FX E-Trading at UBS.

He added: “Further, it is important for us that we preserve the transparent and bilateral trading relationship we have with our clients and FXSpotStream satisfies that requirement.”

Richard Anthony, global head of FX eRisk, GFX at HSBC, said the addition of UBS further validated the new offering. “FXSpotStream has accomplished a great deal in a very short period of time and we look forward to playing a role in the continued expansion of the service to address our needs and those of our clients,” he said

Burgundy market data available via FIX / Fast channels

Burgundy market data available via FIX/Fast channels

Published on   Apr 03, 2013

Oslo Bors and Burgundy are pleased to confirm that we will offer market data for Burgundy on the FIX/Fast channels in addition to the ITCH channels when the Burgundy market goes live on the Millennium platform 3 June.

Burgundy market data will be available in the same way as the Oslo Bors FIX/FAST market data is today, i.e. as a service based on Level 2 snapshot.

Three new channels are set up:

BDE20: Burgundy Level 2 Equity Snapshot

BDP20: Burgundy Level 2 ETF/ETN Snapshot

BDW20: Burgundy Level 2 Warrant Snapshot

The service is already available in the CDS environment and will become available in the production environment together with the other Burgundy services.

Tbricks wins market making platform deal from All Options

First Published Wednesday, 3rd April 2013 from Automated Trader : Automated Trading News

All Options deploys Tbricks platform for European equity options and stock-index options activities

Stockholm & Amsterdam – Tbricks has announced that All Options International, a market maker providing liquidity to European financial derivatives markets, has adopted Tbricks’ market making platform for all of its European equity options and stock-index options activities.

All Options has deployed Tbricks’ market making software on servers co-located at European exchanges, including NYSE Euronext Liffe and NYSE Euronext cash markets, the London Stock Exchange, Swiss Exchange SIX, Bats/Chi-X Europe and Eurex/Xetra.

This delivery expands Tbricks’ reach into the broader European marketplace for any type of listed financial products. It follows last year’s completion of Tbricks’ connections within the Nordic markets.

Jonas Hansbo, CEO of Tbricks, said: “This is a landmark transaction for Tbricks. We are proud to have All Options, a major market maker, as a flagship client for our next-generation trading platform. Tbricks’ modular design allows for the deployment of an unlimited number of market adapters, each deployed in its specific co-location center, within a single trading system. The platform is easy to set up and use, and its server-based architecture combines ultra low latency with unprecedented front-end and server configurability. Tbricks provides for fast and complete trading and quoting applications, which are delivered in open-source format for custom modifications.”

Allard Jakobs, CEO of All Options, said: “As a leading market maker in European Small and Midcap equities and index options, we were looking for a system that offered comprehensive user functionality paired with the performance and flexibility we needed to succeed. After a thorough market review, we chose Tbricks due to its readiness to successfully operate in our distributed trading environment.”

Jonas Hansbo, CEO, Tbricks

Jonas Hansbo, CEO, Tbricks

“This is a landmark transaction for Tbricks. We are proud to have All Options, a major market maker, as a flagship client for our next-generation trading platform.”
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