Technology, Transparency and Choice Drive Buy Side’s Investment in U.S. Options


Technology, Transparency and Choice Drive Buy Side’s Investment in U.S. Options

http://tabbforum.com/opinions/technology-transparency-and-choice-drive-buy-sides-investment-in-u-dot-s-options?utm_source=TabbFORUM+Alerts&utm_campaign=1bcb918626-UA-12160392-1&utm_medium=email&utm_term=0_29f4b8f8f1-1bcb918626-271568421

Volumes in the options market are estimated to increase by more than 5 percent as electronic trading fuels access to the U.S. marketplace.
The U.S. market for exchange-traded options took off during the past decade. The buy side is increasingly looking at options as instruments to hedge risk exposure and generate alpha, according to TABB Group’s recent report on the state of the U.S. options markets. In fact, TABB estimates that volumes will increase by more than 5 percent by year-end, even as market volatility wanes. So what is continuing to fuel growth in the options markets?

[Related: “Buy Side Is Getting Smarter at Trading Options”]

Market transparency and growing adoption of electronic trading technologies are key contributing factors. The changes in regulation and increasing use of electronic trading helped raise volume an average of 21 percent a year from 2000 to 2010 on seven U.S. options exchanges. Today, the options markets are supported by 12 exchanges and electronic venues where traders can access legitimate, reliable prices and order information so they can confidently and quickly execute a trade.

While the increase in trading venues has increased competition and lowered transaction costs for investors, fragmentation has also forced continued investment in technology on both the sell side and buy side. One area of investment on the buy side is platforms that help aggregate liquidity across multiple counterparties and exchanges. To access liquidity and capitalize on momentary market opportunities, institutional investors are adopting electronic platforms that offer integrated pricing monitors, trade analytics, risk monitors, and other tools. For the second year in a row, TABB’s study found Bloomberg Execution Management System (EMSX) is the most popular electronic trading platform for U.S. options. Now, I may be biased, but what I believe this reveals is that options market participants value unparalleled technology and transparency – but they also value choice.

With trading volumes stagnant in the past few years, the buy side has also sought to balance technology and commission spend with necessary efficiency drivers. Especially among hedge funds, the desire for un-conflicted choice has fueled growth in broker-neutral electronic platforms that connect to a broad network of brokers, functionality algorithms and counterparties.

From hedge fund traders looking for an edge, to long-only asset managers that use options to manage risk, electronic trading is fueling access to the U.S. options marketplace. As the industry evolves and trading options becomes even more commonplace for the institutional investor, platforms that offer the buy side choice, access and sophisticated trading tools will succeed along with the market itself.

Cross-Border Swaps Deal to End U.S., EU Regulation Overlap


U.S. and European Union financial regulators broke a deadlock over rules for the $633 trillion global swaps market, saying the accord will protect banks from overlapping requirements and additional costs. The U.S.

via Pocket http://www.bloomberg.com/news/2013-07-11/cross-border-swaps-deal-to-end-u-s-eu-regulation-overlap.html July 11, 2013 at 07:51PM

Bank Leumi USA Selects Lombard Risk’s Regulatory Reporting Solution for U.S. Reporting


Solution Allows Largest Subsidiary of the Leumi Group, Israel’s Leading Banking Group, to Automate its Regulatory Reporting Lombard Risk Management plc, a leading provider of integrated regulatory compliance and collateral management solutions for the financial services industry, is pleased to anno

via Pocket http://www.bobsguide.com//guide/news/2013/Jul/10/bank-leumi-usa-selects-lombard-risks-regulatory-reporting-solution-for-u-s-reporting.html July 10, 2013 at 07:40PM

US States MFDV, MBE Certification processes


US States MFDV, MBE Certification processes

Commonwealth of Virginia
http://www.dmbe.virginia.gov/

Ohio
www.edge.ohio.gov/

Akansas
www.arkansasedc.com/…/minority-business-enterprise-certification-program

South Carolina
www.govoepp.state.sc.us/osmba/apps.html

Rhode Island
www.mbe.ri.gov/

Indiana
www.in.gov/idoa/2352.htm

Orlando
www.cityoforlando.net/admin/mbe/certification.html

Tennessee
www.tmsdc.net/certification.htm

Baltimore
www.baltimorecity.gov/…/MinorityandWomensBusinessOpportunityOffice/CertificationProcess.aspx

Oregon
www.oregon4biz.com/…Business/Business…/Minority-Owned-Business-Certification/

New Jersey
www.nj.gov/njbusiness/…/NEW%20MBE-WBE%20%20Web%20Application%20JAN_2012.pdf

Chicago
https://www.cityofchicago.org/city/en/depts/dps/provdrs/cert.html

Wisconsin
www.dot.wisconsin.gov/business/mbe/application.htm

Pennsylvania
www.iup.edu/page.aspx?id=128836

Alabama
www.adeca.alabama.gov/Divisions/ced/cdp/Pages/ombe.aspx

Nevada
www.nvmsdc.org/MBE%20Application1-19-09.pdf

NY
Division of Minority & Women Business Development

Florida
www.dms.myflorida.com/other…/office_of_supplier_diversity_osd

Cook County
www.cookcountygov.com/…/MBEWBE/cc_MBEWBE_scheduleA.pdf

National Minority Supplier Development Council Certification Links


The National Minority Supplier Development Council, Inc. ® (NMSDC®) provides a direct link between corporate America and minority-owned businesses. NMSDC is one of the country’s leading business membership organizations. It was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.

http://www.nmsdc.org/nmsdc/app/template/contentMgmt%2CContentPage.vm/contentid/1311;jsessionid=36E013B093218F00BF4D6A74AB54B0A1

 

Regional Councils

 
ALABAMA
South Region Minority 
Supplier Development
Council, Inc.
Birmingham:
(205) 957-1883

ARIZONA
Grand Canyon Minority
Supplier Development
Council
Chandler:
(602) 495-9950

ARKANSAS 
Arkansas Mississippi Minority Supplier
Development Council, Inc.
Little Rock:
(501) 374-7026

CALIFORNIA
Southern California
Minority Supplier Development Council

Los Angeles:
(213) 689-6960

Northern California
Minority Supplier Development
Council

Oakland:
(510) 686-2555

San Diego Regional
Minority Supplier Development Council
San Diego:
(858) 537-2281

COLORADO
Rocky Mountain Minority
Supplier Development
Council
Denver:
(303) 623-3037

CONNECTICUT 
Greater New England 
Minority Supplier
Development Council
Bridgeport:
(203) 288-9744

FLORIDA 
Southern Florida Minority Supplier Development Council
Miami:
(305) 762-6151

Central and North Florida  Minority Supplier
Development Council

Orlando:
(407) 404-6700

GEORGIA
Georgia Minority Supplier Development Council
Atlanta:
(404) 589-4929

ILLINOIS
Chicago Minority Supplier Development Council
Chicago:
(312) 755-8880

INDIANA
Indiana Minority Supplier Development
Council
Indianapolis:
(317) 921-2675

KENTUCKY
Tri-State Minority Supplier Development Council
Louisville:
(502) 625-0159

LOUISIANA
Louisiana Minority Supplier Development Council
New Orleans:
(504) 299-2960

MARYLAND
DISTRICT OF COLUMBIA

Maryland/DC
Minority Supplier Development Council
Silver Spring, MD:
(301) 593-5860

MICHIGAN
Michigan Minority Supplier Development Council
Detroit:
(313) 873-3200

MINNESOTA
Midwest Minority Supplier Development Council
Minneapolis:
(612) 465-8881

MISSOURI
Mid America Minority 
Supplier Development
Council
Kansas City:
(816) 221-4200

St. Louis Minority Supplier Development Council
St. Louis:
(314) 241-1143

NEVADA
Nevada Minority Supplier Development Council
Las Vegas:
(702) 894-4477

NEW YORK
New York and
New Jersey
Minority Supplier Development Council

New York:
(212) 502-5663

NORTH CAROLINA
SOUTH CAROLINA
Carolinas
Minority Supplier Development Council, Inc. Charlotte:
(704) 549-1000

OHIO
Northern Ohio Minority Supplier Development Council
Cleveland:
(216) 363-0004

OHIO
South Central Ohio Minority Supplier Development Council
Columbus:
(614) 225-6959

OKLAHOMA
Oklahoma
Minority Supplier Development Council
Oklahoma City:
(405) 767-9900

PENNSYLVANIA 
PA-NJ-DE Minority Supplier Development Council 
Philadelphia:
(215) 569-1005

Western Pennsylvania Minority Supplier Development Council Pittsburgh:
(412) 391-4423

PUERTO RICO
Puerto Rico Minority Supplier Development Council
San Juan:
(787) 627-7272

TENNESSEE
Tennessee Minority Supplier Development Council
Nashville:
(615) 259-4699

TEXAS
Southwest Minority Supplier Development Council
Austin:
(512) 386-8766

Dallas/Fort Worth Minority Supplier Development Council
Dallas:
(214) 630-0747

Houston Minority Supplier  Development Council
Houston:
(713) 271-7805

VIRGINIA
Virginia Minority Supplier Development Council
Richmond:
(804) 788-6490

WASHINGTON
Northwest Minority Supplier Development Council
Tukwila:
(206) 575-7748

WISCONSIN
Wisconsin Iowa and Central Illinois Minority Supplier Development Council
Madison:
(608) 241-5858

2013 US Broker Dealer Comparison link


2013 US Broker Dealer Comparison link

http://broker-dealers.findthebest.com/

 

Liquidity Finance opens US office


Liquidity Finance opens US office

http://www.automatedtrader.net/news/at/142916/liquidity-finance-opens-us-office

Liquidity Finance expands to US and Latin America, appoints Dan Mullineaux and Robert McDonald to head team

Dan Mullineaux, Liquidity Finance, US

Dan Mullineaux, Liquidity Finance, US

“With a platform like this, and with their established presence in Europe, we felt that Liquidity Finance was best positioned to quickly become a significant player in the US.”

UK-based Liquidity Finance is expanding its activities across the Atlantic with a new office opening in Stamford, Connecticut in the US.

Headed by ex-Knight Capital Group and UBS AG Dan Mullineaux, working alongside ex-Head of EM Trading at Goldman Sachs, Robert McDonald, the expansion of Liquidity Finance to the US mirrors developments in the market, as clients are moving increasingly towards alternative sources of liquidity.

Liquidity Finance says it has received good traction and market shares in Europe, and will now be expanding its focus to the US and Latin American client base.

Liquidity co-founder Faisal Mian said: “The US market is a critical part of the Emerging Markets investor base and it is imperative for any serious bond trading operation to have deep roots there. In Dan and Bob, we are lucky to find seasoned professionals who have strong relationships and unquestionable integrity. This is the perfect nucleus around which we will build our North American team.”

Comments Mullineaux: “Experience has shown me that there is a place for both banks and agency trading firms through all parts of the market cycle. In addition, there is a clear trend towards anonymous price matching for block trades, further strengthened when the relationships and market experience of a strong team come into play. With a platform like this, and with their established presence in Europe, we felt that Liquidity Finance was best positioned to quickly become a significant player in the US.”

JOBS Act 2.0


Building on the bipartisan success of last year’s JOBS Act, some House members plan to introduce “JOBS Act 2.0” legislation that aims to increase investor interest in startup businesses and “make it easier for small companies and entrepreneurs to raise capital,” reports POLITICO.

via Pocket https://exchanges.nyx.com/en/clarke-camper/jobs-act-20 June 17, 2013 at 03:59PM

Etrali Trading Solutions expands mobile recording offering for Dodd Frank compliance in the US


Etrali Trading Solutions, the leader in voice and electronic trading infrastructure and services for the trading communities, and its mobile technology partner, Natterbox, today announced the expansion of its mobile recording solution for the US.

via Pocket http://www.bobsguide.com//guide/news/2013/Jun/17/etrali-trading-solutions-expands-mobile-recording-offering-for-dodd-frank-compliance-in-the-us.html June 17, 2013 at 01:40PM

What_colour_is_my_trade


http://thetradenews.com/USA_Features/Industry_Profile/What_colour_is_my_trade_.aspx.

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