Aquis Exchange To Offer Access Via BT Radianz Cloud


Aquis Exchange To Offer Access Via BT Radianz Cloud

http://www.mondovisione.com/media-and-resources/news/aquis-exchange-to-offer-access-via-bt-radianz-cloud/

Date 29/07/2013
BT given preferred supplier status
Aquis Exchange Members will benefit from subscription pricing
Allows quick and cost-effective access to Aquis Exchange
Enables straight through processing
Aquis Exchange Limited, the proposed pan-European stock exchange*, today announced a new agreement with BT that allows its Members to access its trading platform via the BT Radianz Cloud.
The BT Radianz Cloud — the largest secure networked financial community in the world — helps financial market participants globally to exchange market information, trade with each other and clear and settle transactions.
Under the new agreement, BT will not only be Aquis Exchange’s preferred cloud connectivity supplier, but the Exchange’s services will now be accessible to the thousands of members of the BT Radianz Cloud community globally.
In addition, Aquis Exchange Members can use the BT Radianz infrastructure to connect with Aquis Exchange’s clearing partners using one resilient access point. This allows the full trade cycle to be conducted seamlessly and helps institutions achieve straight through processing (STP).
Commenting on the agreement, Alasdair Haynes, CEO of Aquis Exchange said:
“The opening of our doors to the BT Radianz Cloud community to access Aquis Exchange is important for us. It provides us with an opportunity to gain rapid access to an unrivalled community of market participants, which is why we have selected them as our preferred cloud connectivity supplier. We believe in having the widest possible range of users to strengthen the ecology of our marketplace and extend the benefits of our subscription pricing model to all professional investors.”
Robin Farnan, Managing Director, Financial Technology Services, BT, said:
“We are delighted to have been selected as Aquis Exchange’s preferred cloud connectivity provider. Aquis Exchange now joins over 100 trading venues that are already part of the BT Radianz Cloud community and benefits from reduced time-to-market and cost of technology infrastructure. The availability of Aquis Exchange to the BT Radianz Cloud community is a great example of how technology can accelerate innovation and efficiencies in the financial sector.”
Aquis Exchange’s subscription pricing works on a similar model to that of the telecoms industry and is designed to encourage participation from all categories of professional trading firm. Users will be charged according to the message traffic they generate, rather than a percentage of the value of each stock that they trade. There will be different pricing bands to accommodate varying degrees of usage. There will be a very low usage band for small firms, that are traditionally disadvantaged by the pricing structure of the incumbent exchanges and, at the other end of the pricing structure, will be the top category where usage is unlimited (subject to a fair usage policy).
For Aquis Exchange Members that are not part of the BT Radianz Cloud, access is available in a number of other ways, including via direct line connection or co-location into Equinix’ LD4 data centre in Slough (Berkshire, UK)

Advertisements

ISDX Launches New Admissions Criteria For ISDX Growth Market Companies


The ICAP Securities & Derivatives Exchange (ISDX), has today announced the launch of its new admissions criteria for companies wanting to apply for admission to the ISDX Growth Market.

via Pocket http://www.mondovisione.com/media-and-resources/news/isdx-launches-new-admissions-criteria-for-isdx-growth-market-companies/ July 08, 2013 at 07:36PM

Knight-Getco outlines European bond blueprint as KGC Holdings


Knight-Getco outlines European bond blueprint

http://www.efinancialnews.com/story/2013-07-02/knight-getco-kcg-lays-out-european-blueprint?omref=email_TradingTechnology

One of the most senior European executives at the new trading company formed by the merger of Getco and Knight Capital has said the group is aiming to play an “important and strong” role in fixed-income markets, as they undergo an equity-like transformation.

Knight-Getco outlines European bond blueprint

The two firms today formally began operations under a new listed company called KCG Holdings, which in one sweep has become one of the world’s largest broking and electronic marketmaking firms.

Albert Maasland, formerly head of Knight Capital’s international business, and now KCG’s London-based global head of execution services and venues, said the combined group had bold plans for Knight’s Bondpoint platform.

Speaking to Financial News, Maasland said: “We expect to play an important and strong role in the electronification of fixed-income markets. Bondpoint has strong penetration in the US, and we’re already seeing customers, private banks and retail brokers use the platform here.”

Fixed-income instruments are less liquid than equities, so investment banks have traditionally taken these securities being sold in the market onto their books until they could find a buyer. However, regulatory pressure has made it prohibitively costly for them to fulfil this role, while the G20’s reform agenda is promoting greater electronic trading and central clearing.

 

According to the latest New York Federal Reserve data, dealer holdings of corporate bonds have shrunk to a fraction of their previous size over the past five years. That has led to concerns of liquidity crunch, resulting in several banks and asset managers, such as Goldman Sachs, BlackRock and Detusche Bank, attempting to build electronic bond platforms. While many of these ventures have struggled to build liquidity, Maasland said that KCG’s independent status was a factor that could work in its favour.

He said: “I think we’re going to see a pulling together of a number of platforms in the fixed-income space, and we want to play a strong part in that process.”

The comments come a day after Getco ̶ a high-frequency trading and electronic marketmaking firm based in Chicago ̶ and New Jersey-based broker Knight closed a $1.8bn merger deal. The deal was first struck in December, about five months after Knight suffered a $461m loss as the result of a trading error, with Getco one of five firms that came to the broker’s rescue.

Maasland is one of KCG’s 12-person global management team and reports to Daniel Coleman, Getco’s former chief executive who will take up that role at KCG.

 

As well as the group’s voice-driven institutional trading businesses, Maasland will oversee Bondpoint, its FX platform Hotspot, the KnightMatch equities platform, and Getco’s equities venues in the US and Europe, GetMatched.

Despite speculation that some of these platforms would be sold off, Maasland said “we like these businesses, they make sense, and they support our premise of helping firms to access liquidity efficiently across asset classes and across geographies”.

The new group will have just under 200 people working in Europe, Maasland said. He declined to comment on cost-cutting plans. In previous regulatory filings in the US KCG said it expects that combining electronic trading systems will save it up to $110m over three years.

Following a difficult first quarter for both companies – Knight reported a $9.4m loss, while Getco lost $9.3m – Maasland was optimistic for the year ahead.

 

He said: “It is a really, really tough market at the moment and there is excess capacity. But we bring a unique proposition created by two specialist firms: Knight’s client-centred approach and Getco’s technological expertise. Clients will get best of both worlds”.

BLOOMBERG PROVIDES SELF CLEARING FOR EQUITIES VIA TRADEBOOK


via Pocket http://www.securitiestechnologymonitor.com/news/bloomberg-self-clears-for-equities-clients-31791-1.html?ET=securitiesindustry:e4249:190117a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=SIN_DailyClose__062713 June 28, 2013 at 07:50PM

Moscow Exchange seeks to ramp up derivatives offering


Moscow Exchange seeks to ramp up derivatives offering

http://www.efinancialnews.com/story/2013-06-20/moscow-exchange-seeks-to-ramp-up-derivatives-offering?omref=email_TradingTechnology

The Moscow Exchange will add futures based on popular German stocks to its market, as part of its plans to further develop a derivatives offering for both retail and institutional investors.

Moscow Exchange seeks to ramp up derivatives offering

The Moscow Exchange has partnered with Deutsche Börse-owned derivatives market Eurex to offer futures based on the stocks of Deutsche Bank, Siemens, BMW, Volkswagen and Daimler from September.

Speaking to Financial News, Roman Sulzhyk, head of futures and options market at Moscow Exchange, said: “These new futures will offer Russian retail investors with new products to invest in and are the first step in our cooperation with Deutsche Börse. We plan to look at the portfolio of products offered by both exchanges to see where we can further extend our partnership.”

Deutsche Börse signed a letter of intent with Moscow Exchange in November 2012, which established a strategic partnership between the two bourses. The exchanges have previously said they will look to cooperate on infrastructure, product development, regulations and post trade services.

The new derivatives are short-dated products that Sulzhyk said would allow retail investors to take short-term bets on the future stock price of the five German stocks. He added that Eurex and Moscow Exchange deliberately started with products that would not lead to a shift of liquidity from Germany to Russia.

 

Sulzhyk also said the Moscow Exchange was actively working with regulators to help encourage the use of derivatives among institutional investors.

“We are working hard to make it easier for large Russian funds to trade derivatives. There aren’t many Russian funds with derivatives in their portfolio because of unclear regulation. Institutional investors want access to liquid, longer-dated derivatives that will help them to hedge against portfolio risk,” he said.

The Russian exchange already lists futures based on the main indices of Brazil, India, Hong Kong and South Africa as part of an initiative known as the Brics Exchange Alliance that was launched last June.

The Moscow Exchange was formed in December 2011 from a merger of Russia’s two main domestic exchanges RTS and Micex as part of the Russian government’s plan to transform Moscow into an international financial centre. Since the deal was completed, the exchange has taken steps to encourage overseas firms to trade on its market, including major changes to post trade processes.

 

— write to anish.puaar@dowjones.com and follow on Twitter @anishpuaar

 

NYSE-ATG venture in Brazil aims to bring in new partners


NYSE-ATG venture in Brazil aims to bring in new partners

http://www.efinancialnews.com/story/2013-06-20/nyse-atg-venture-brazil-aims-to-bring-in-new-partners?omref=email_TradingTechnology

Americas Trading System Brasil, a joint venture of NYSE Euronext and Americas Trading Group, or ATG, has requested authorisation to begin operations in Brazil, the company said in a statement Wednesday morning.

 

If approved, ATS Brasil plans to start operations in the first half of 2014, and become the first exchange in more than a decade to compete with BM&FBovespa.

ATS Brasil chief executive officer Alan Gandelman said in interview it expects to have approval from Brazil’s securities and exchange regulator, or CVM, in up to around six months. The company aims to have a 15% share of the Brazilian equity market within two years of starting up.

The value of equities trading on Brazil’s sole stock-exchange operator, BM&FBovespa, hit a record 1.78 trillion reals ($820bn) in 2012.

ATG owns 80% of ATS Brasil. NYSE Technologies, the technology arm of NYSE Euronext, has a 20% stake.

 

Those stakes will likely change in coming months because ATS Brasil intends to sign as many as eight local and international banks and money management firms as partners to ensure a higher trading volume once the exchange starts to operate, Gandelman said.

The new partners, called liquidity partners, will collectively take an equity stake of as much as 24% in ATS, Gandelman said, noting it hasn’t yet been decided how much ATG’s and NYSE’s stakes will be diluted.

Talks are in an advanced stage and the partnerships with the financial institutions will likely have been decided by the end of July, the executive noted.

ATS Brasil will initially trade only equities and soon after will also offer equities derivatives, the CEO said.

 

The company could also in future extend its operations to other countries in the region, although currently this is only a possibility, Mr. Gandelman said.

ATG, which provides electronic trading products, was established in 2010 and is already connected to stock exchanges across Latin America, with the exception of Argentina and Venezuela.

ATS Brasil is preparing to enter the Brazilian market at a time of losses for local shares. The benchmark Ibovespa stocks index is down close to 20% year-to-date amid worries about slow economic growth and persistent high inflation. There are also concerns the US Federal Reserve might announce an easing of its bond-buying policy, which could lead to an even stronger US dollar and a reversal of investment flows from emerging markets to the US.

“The outlook for local stocks is not favorable, at least for the next year,” said Joao Pedro Brugger, an analyst at Brazil’s brokerage Leme Investimentos. “In the long run, however, we have a positive view of the Brazilian market and believe it will benefit from having another stock exchange,” Brugger said.

 

“We believe we are coming to Brazil in an interesting time as we expect investors to come back to the stock exchanges in short or medium term,” Gandelman said, noting that he believes recent losses have been exaggerated.

A few other international companies have shown an interest in entering the Brazilian market, but their plans haven’t yet moved forward.

New Jersey-based Direct Edge Holdings has delayed plans to request an operating license, but says it continues working on it.

One major obstacle to new arrivals is the lack of access to a clearinghouse, where equities trades are processed. BM&FBovespa owns the only clearinghouse in Brazil, but it has said several times it’s not yet opened to the possibility of allowing competitors to use its system.

 

ATS Brasil has already found a solution to clear its trading without the use of local stock exchange, Gandelman said, though he didn’t give more details on the alternative.

Kansas-based BATS Global Markets and asset management firm Claritas have said they were studying the possibility of launching a competitor to BM&FBovespa, but plans haven’t advanced.

BATS faced problems of its own after announcing that errors on its exchange went undetected for years. According to the company those errors “turned out to be a minor issue, costing customers a total of $17,000 over four years.”

–write to luciana.magalhaes@dowjones.com

 

This article first appeared in the Wall Street Journal [ http://on.wsj.com/17p74gc ]

 

http://thetradenews.com/Asia_Agenda_Archive/Learning_the_ropes_of_the_SFC’s_new_electronic_trading_regulations.aspx


http://thetradenews.com/Asia_Agenda_Archive/Learning_the_ropes_of_the_SFC’s_new_electronic_trading_regulations.aspx.

The Asset – Magazine-Baring AM underweight on mainland equities


The Asset – Magazine-Baring AM underweight on mainland equities.

Strategies_for_DMA_and_algorithm_collaboration.aspx


http://thetradenews.com/USA/Expert_Opinions/2012/February/Strategies_for_DMA_and_algorithm_collaboration.aspx.

Borsa İstanbul Equity Market And Emerging Companies Market Trading Hours Change


Effective , Borsa İstanbul Equity Market and Emerging Companies Market trading hours for the first session will be changed as detailed below:

via Pocket http://www.mondovisione.com/media-and-resources/news/borsa-istanbul-equity-market-and-emerging-companies-market-trading-hours-change/ June 06, 2013 at 07:39PM

OTC Clearing and Regulations

My views on OTCs and Regulations

Knowledge Problem

Commentary on Economics, Information and Human Action

northoceanscm

4 out of 5 dentists recommend this WordPress.com site

Aditya Ladia's Blog

Forex, Investment and Finance

Soltis Consulting, Inc.

Business Concepts, Ideas, and Information

intradaynifty

An Endeavor To Explore The Uncertanity

All About Cyber Security and Financial Technology and Beyond

The Future of FinTech and Cybersecurity are Interlocked: Creating the Secure Future of Financial Technology Today

symphony

Read about latest trends in Algo Trading in India or visit our website symphonyfintech.com

Trading Smarter

Thought Leadership, Insight and Product Information from TradingScreen

Tales from a Trading Desk

Noise from an Investment Bank

The Main Street Analyst

New York City Magazine! Marketing, Social Media, Business - Connecting The Dots!

NPA Computers

Bringing you info about the latest on Internet Technology

duanetilden

The Latest News on International Energy Trends, Green Building, Sustainability, A&E and Social Media

Trade News in Brief

International Economic Affairs & Relations / Regional & International Organizations / Global Commerce & Business

Letters from Nopeville

Nothing to do here

SingleDealerPlatforms.Org

The Single Dealer Platform Community

Carl A R Weir's Blog

A Cross Asset Connectivity and Finance WordPress.com site

%d bloggers like this: