Latest Fixed income and OTC derivatives News: Finextra Research

TMX in talks to take minority stake in EDX; LSE to move derivatives platform to Sola trading engine

The London Stock Exchange is to port its EDX derivatives market to TMX Group's Sola Trading technology and is in negotiations with the Canadian group for the sale of a minority stake in EDX.

10 March 2009

News/Fixed income and OTC derivatives

MarketAxess scoops bid/offer list trading patent

Electronic fixed income network MarketAxess has been granted a US patent for its bid/offer list automated trading functionality.

10 March 2009

News/Fixed income and OTC derivatives

Legacy clearing threat to OTC derivatives warns State Street

Rising volumes of over-the-counter derivatives trades are threatening to swamp legacy clearing and settlement systems, warns State Street in a report that calls for a co-ordinated industry-wide effort to develop a new post-trade servicing regime for the industry.

03 March 2009

News/Fixed income and OTC derivatives

CESR calls for EU-based derivatives information repository

The Committee of European Securities Regulators (CESR) is calling for the creation of a euro-centric repository of bilaterally-agreed credit derivatives, mirroring the DTCC's Trade Information Warehouse in the US.

27 February 2009

News/Fixed income and OTC derivatives

CDS dealers bow to pressure and commit to EU clearing counterparty

Nine of the leading dealer firms in the credit default swaps markets have committed to the use of central counterparty clearing for CDS in the European Union by end-July 2009.

19 February 2009

News/Fixed income and OTC derivatives

NYSE Euronext completes migration to Universal Trading Platform

NYSE Euronext has migrated trading of all European equities, including exchange-traded fund (ETF) products, listed on the company's Amsterdam, Brussels, Lisbon and Paris markets to its next-generation Universal Trading Platform from the pervious Nouveau Système de Cotation (NSC) platform.

17 February 2009

News/Fixed income and OTC derivatives

Finextra launches Innovation Showcase

Finextra has launched the Innovation Showcase, a new feature on Finextra.com highlighting the most innovative financial technology developments over the past 12 months. Across a broad range of categories it showcases technologies that demonstrate uniqueness and impact, clever ways of solving a problem and projects at the leading edge of new industry trends.

11 February 2009

News/Fixed income and OTC derivatives

Korea Exchange doubles capacity, cuts latency on Unix platform upgrade

The Korea Exchange (KRX), the world's second largest derivatives exchange, has commenced member testing of a modern, faster version of its trading platform, in anticipation of a rise in business stemming from the introduction of the country's Capital Market Consolidation Act.

06 February 2009

News/Fixed income and OTC derivatives

HSBC and JPMorgan join SwapClear; DTCC hits back at LCH.Clearnet critics

HSBC and JPMorgan have become shareholders of OTCDerivNet, the company which provides strategic direction to LCH.Clearnet's SwapClear service.

03 February 2009

News/Fixed income and OTC derivatives

JPMorgan sacrifices CDS engine to open source in bid to stave off legislation

JPMorgan is to hand over its inhouse-developed CDS analytical engine to the International Swaps and Derivatives Association to run as an open platform in an effort to increase transparency in credit default swaps pricing and stave off legislation.

30 January 2009

News/Fixed income and OTC derivatives

JSE wins support for revised Bond Exchange tender

The Johannesburg Stock Exchange has reached agreement to buy the Bond Exchange of South Africa after raising its initial offer price by 39% from R173 million to R240.58 million.

10 December 2008

News/Fixed income and OTC derivatives

Nasdaq OMX selected to establish UK power market

Nasdaq OMX has been chosen by the Futures & Options Association (FOA) to set up a UK spot and cash-settled derivatives power exchange.

27 November 2008

News/Fixed income and OTC derivatives

Euroclear to acquire Xtrackter

European depository Euroclear is to acquire Xtrakter, the capital markets services division of trade association ICMA.

20 November 2008

News/Fixed income and OTC derivatives

GL Trade revenue up, despite fall in OTC system sales and slower front-office growth

GL Trade has reported Q3 revenue up 10.5% to EUR162.8m despite its front-office sales being hit in Europe and sales of its Tradix and Sierra solutions falling worldwide.

06 November 2008

News/Fixed income and OTC derivatives

Tradeweb enters inter-dealer broker business

Automated fixed income network Tradeweb is to become a full-service inter-dealer broker after acquiring US voice brokerage Hilliard Farber. Terms of the deal were not disclosed.

03 November 2008

News/Fixed income and OTC derivatives

Eurex outlines CDS clearing proposal

Derivatives exchange Eurex has unveiled its proposal for establishing a central clearing system for the over-the-counter (OTC) credit markets which it says has "received support from European authorities".

13 October 2008

News/Fixed income and OTC derivatives

CCorp unveils ICE alliance as Fed mulls CDS clearing proposals

The Chicago-based Clearing Corporation (CCorp) has recruited IntercontinentalExchange (ICE) to join its initiative to create a central clearing counterparty for the credit default swaps (CDS) market.

10 October 2008

News/Fixed income and OTC derivatives

CME and Citadel invite industry to take stakes in CDS counterparty JV

The Chicago Mercantile Exchange is teaming up with Citadel to launch a credit default swaps trading platform and central counterparty facility. News of the move comes as the Federal Reserve meets with industry leaders to push for new risk mitigation techniques in the over-the-counter markets.

07 October 2008

News/Fixed income and OTC derivatives

SocGen automates equity derivative confirmations with Thunderhead

Société Générale Corporate & Investment Banking (SG CIB) has deployed Thunderhead's document generation technology to automate the creation of equity derivative trade confirmations.

02 October 2008

News/Fixed income and OTC derivatives

CCorp says CDS clearing counterparty will launch by year-end

Chicago-based CCorp (the Clearing Corporation) has moved to quell rumours that its plans for developing a central counterparty for credit risk has faltered, and has pledged to launch the new facility by the end of the year.

29 September 2008