A-Team Group » MiFIDMonitor.com

Blue Mobile To Deliver Market Data From MTF’s Turquoise, BATS and Chi-X

paul.skeldon@a-teamgroup.com — Fri, 10 Oct 2008 07:50:45 +0000

Financial information software provider Blue Systems has revealed that it will be the first company to deliver real-time market data alternative equity trading venues BATS, Chi-X Europe and Turquoise globally via its blue mobile – the first such professional-grade application to be priced for the mass market and professional investors. With current market volatility driving a [...]

NYSE Euronext Chooses LCH.Clearnet Rival to Clear Equities for New Octopus Platform

paul.skeldon@a-teamgroup.com — Thu, 09 Oct 2008 09:23:06 +0000

NYSE Euronext has indicated that rather than choosing its current clearing house LCH.Clearnet to clear trades for its new trading platform, Octopus, it is initially giving the mandate to EuroCCP, the European arm of US clearer the Depository Trust & Clearing Corporation (DTCC). Octopus, the pan-European multilateral trading facility (MTF) due to launch in November, will [...]

KPMG Forensic Hires Taylor as Forensic Technology Director

paul.skeldon@a-teamgroup.com — Thu, 09 Oct 2008 08:44:13 +0000

KPMG Forensic has hired Rowan Taylor as a director in its forensic technology team, to lead the development of its forensic technology services for the financial services industry. He joins from Atos Origin where he was a partner with its financial services advisory practice specialising in technology and security. Prior to Atos Origin, Taylor worked at [...]

Data Vendors Keen to Play Role in US Government’s Tarp Scheme

paul.skeldon@a-teamgroup.com — Thu, 09 Oct 2008 08:42:59 +0000

Following the passing of the Federal Reserve and US Treasury’s troubled asset relief programme (Tarp) last week, data providers including Thomson Reuters and Bloomberg have indicated that they wish to play a part in the programme. The vendors are keen to get involved in the area of pricing and risk management in particular, with a [...]

CME Group and Citadel Investment Group Unveil CDS Clearing Platform Plans

paul.skeldon@a-teamgroup.com — Thu, 09 Oct 2008 08:39:30 +0000

Following the announcement that they would be launching a credit default swap trading and clearing platform in November, Chicago Mercantile Exchange (CME) Group and hedge fund Citadel Investment Group have revealed more details about their joint venture. According to both parties, the electronic platform will act like an exchange and allow participants to trade CDS [...]

QuantHouse Unveils Ultra Low Latency Market Data Feed for Turquoise

paul.skeldon@a-teamgroup.com — Thu, 09 Oct 2008 08:34:28 +0000

Global end-to-end systematic trading solutions provider QuantHouse has announced the launch of its sub-millisecond data feed-handler and direct market access connectivity to Turquoise Trading, the new MTF that launched on 26 September and signed up its first undisclosed customer. With QuantHouse’s proprietary fibre optic network interconnecting the major exchanges in Chicago, New York, London, Paris and [...]

Net2S Signs Reseller Agreement with Varonis for Data Governance Software

paul.skeldon@a-teamgroup.com — Wed, 08 Oct 2008 06:24:47 +0000

Capital markets consultancy Net2S has signed a reseller partnership with data governance software provider Varonis under which Net2S hopes to provide customers with a comprehensive solution for controlling, protecting and auditing unstructured data use. Net2S, which specialises in electronic trading, risk, data management and IT security consultancy services, reckons data management is becoming increasingly important in [...]

SEC Names Eastman Chief Counsel and Associate Director of Trading and Markets

paul.skeldon@a-teamgroup.com — Wed, 08 Oct 2008 06:22:49 +0000

The Securities and Exchange Commission (SEC) has named James Eastman chief counsel and associate director in the division of trading and markets. He will be charged with rendering legal advice and interpretations SEC Commission rules. The office of chief counsel also prepares and analyses legislation that would amend or impact the Act and serves as liaison [...]

Fed Meets with Market Players to Discuss CDS Clearing House Plans

paul.skeldon@a-teamgroup.com — Tue, 07 Oct 2008 10:51:03 +0000

The New York Federal Reserve has organised a meeting this week with market players involved in the credit derivatives sector, including representatives from both the buy side and the sell side, to discuss the various industry initiatives to establish credit default swap (CDS) clearing houses. It is expected that the regulator will back the creation of [...]

Icap Picks OpenPages Operational Risk Management to Meet Compliance Requirements

paul.skeldon@a-teamgroup.com — Tue, 07 Oct 2008 10:47:53 +0000

Interdealer broker Icap has selected the OpenPages Operational Risk Management (ORM) module to manage its operational risk and compliance requirements. The firm also hopes the system will help it to improve reporting and develop an extensible and repeatable operational risk framework. Herve Geny, global head of risk at Icap, explains: “For global companies like Icap, ensuring [...]

IFDS Appoints Ex-Pershing Head Barrett as Client Administration Exec

paul.skeldon@a-teamgroup.com — Mon, 06 Oct 2008 19:26:30 +0000

International Financial Data Services (IFDS), the international transfer agency joint venture between State Street Corporation and DST Systems, has appointed Richard Barrett as group executive of client administration responsible for dealing, registration, administration control as well as IFDS’ distributor services functions. In his new role, Barrett will report to Jon Willis, IFDS’ operations director. Prior to [...]

DTCC Hires Ex-Merrill COO Peiffer as Managing Director and General Auditor

paul.skeldon@a-teamgroup.com — Fri, 03 Oct 2008 16:04:04 +0000

The Depository Trust and Clearing Corporation (DTCC) has hired ex-Merrill Lynch chief operating officer for global compliance Robert Peiffer as managing director and general auditor. He will lead the internal audit activities of the DTCC and its global subsidiaries, with international responsibility. Peiffer will be based in New York and report to the chairman of the [...]

French Finance Minister Calls for Summit on Financial Crisis and Introduction of Emergency Fund

paul.skeldon@a-teamgroup.com — Fri, 03 Oct 2008 09:35:35 +0000

French finance minister Christine Lagarde has been pushing policymakers from Britain, Germany and Italy to discuss the financial crisis at a European summit over the next few days, dedicated to finding a solution to the European economic downturn. Lagarde has also proposed the introduction of an emergency European fund to rescue crisis hit banks. Several reports [...]

Plans for Derivatives Clearing Houses Coalesce, Heating Up the Competition in the Market

paul.skeldon@a-teamgroup.com — Fri, 03 Oct 2008 09:34:27 +0000

Following ongoing discussions about the establishment of centralised clearing counterparties for OTC credit derivatives over the last couple of months, a number of players have stepped into the ring with definite launch plans. This includes investment bank-backed the Clearing Corporation (TCC), which finalised the date for the launch of its planned credit default swap (CDS) [...]

LSE Imposes Special Tariffs on Competitor Platforms as Nasdaq OMX Europe Offers All FTSE 100

paul.skeldon@a-teamgroup.com — Thu, 02 Oct 2008 12:03:36 +0000

Nasdaq OMX Europe, the new trading venue that secured approval by the UK’s Financial Services Authority (FSA) to operate as a Multilateral Trading Facility (MTF) from the platform’s launch date late last month, is to add the main indices for stocks quoted on Euronext’s main markets, Deutsche Boerse’s DAX 30 and the Nordic region by [...]

EuroCCP Able to Act as Central Counterparty for All MTFs

paul.skeldon@a-teamgroup.com — Wed, 01 Oct 2008 10:42:53 +0000

EuroCCP, the European subsidiary of the Depository & Trust Clearing Corporation (DTCC), has announced that it now has the capacity to process for all the multilateral trading facilities (MTFs) that have appointed Fortis Bank’s subsidiary European Multilateral Clearing Facility (EMCF) as their central counterparty. “We have proven with our faultless implementation of Turquoise that we have [...]

A Swift Succession in Securities

sharon@a-teamgroup.com — Tue, 30 Sep 2008 12:41:18 +0000

Twelve months ago, CEO Lázaro Campos announced plans for restructuring Swift’s management and refocusing its energies on better meeting customer needs. How much progress has been made since and what does it mean for Swift’s Securities business? By Virginie O’Shea, Contributing Editor, A-Team Group It’s been a turbulent year for the markets and a hectic year for [...]

Crowded House

sharon@a-teamgroup.com — Tue, 30 Sep 2008 12:19:10 +0000

By Roger Aitkin, Contributing Editor, A-Team Group Does the entrance this season of a bewildering array of new alternative equity trading venues in Europe offer real choice or just a new set of headaches? A plethora of new European trading venues is heading this way – and fast. The EU’s Markets in Financial Instruments Directive (MiFID) [...]

Thomson Reuters Launches Ultra Low Latency Direct Feed Connectivity to Turquoise

paul.skeldon@a-teamgroup.com — Tue, 30 Sep 2008 09:21:51 +0000

Thomson Reuters has launched an ultra low latency direct feed to Turquoise, the multi-lateral trading facility (MTF) established by nine leading European investment banks to deliver market data and trading connectivity. The sub-millisecond direct exchange feed for Turquoise is in response to growing interest in multilateral trading facilities. Immediate access to the Turquoise feed is available [...]

Burgundy MTF Poised To Expand Ownership Structure

paul.skeldon@a-teamgroup.com — Tue, 30 Sep 2008 09:05:46 +0000

Burgundy, the regional multilateral trading facility (MTF) for Nordic securities slated to launch in the second quarter of 2009, could see its existing ownership structure expanded to include several more securities firms, according to its recently appointed chief executive office. And the platform’s trading fees could be significantly lower than the region’s incumbent exchanges. Olof Neiglick, [...]