News/Technology
Credit Suisse extends ICPPI hedging platform
Swiss bank adds SunGard data service to reduce operational barriers for insurers
Structural barrier to HFT participation in Asia OTC markets
Barriers include a lack of finalised rules and technology for scalable operations
Concerns over high-frequency trading overstated, says Australian regulator
Asic less concerned with high-frequency trading but is clamping down on dark pool operators
FX liquidity fragmentation costs reduced by technology
The increase in electronic trading venues in the foreign exchange market has created the potential for further fragmentation of liquidity. Technology vendors have developed a variety of solutions in response
Majority of firms expect to up IT spend in 2013
Nearly 60% of financial institutions say they will increase spending on technology next year – and new regulatory requirements are a big driver
OTC Derivatives Clearing Summit Europe: Lack of dealer involvement may hamper OTF move
A portion of the European derivatives market will eventually be required to trade on OTFs – but change will be hampered without bank involvement, panellists say
Quant Congress Europe: Quants should take share of blame for crisis
Quants should take their share of the blame for the crisis, and should focus on less mathematically complex models, said some panellists – although not everyone at Quant Congress Europe agreed
Sentiment could enhance risk models, says Algo’s Macdonald
Market sentiment could eventually be used as an input for risk and trading models, helping to predict future events, says John Macdonald of IBM Algorithmics
FX platform proliferation branded unsustainable
A recent flurry of FX trading platform launches will undoubtedly lead to a round of consolidation, with less successful players squeezed out of the market, argue FX Week USA speakers
Hong Kong securities regulator argues for more control over HFT
The Securities and Futures Commission makes the case for more regulation of high-frequency trading – but the market is not convinced
Structural issues hindering uptake of electronic trading in India
An increasing appetite for electronic trading by domestic Indian firms is being stymied by issues over market structure and regulatory climate
ECB aims to increase protection of internet payments
New guidelines outline minimum standards for industry
Icap’s forex e-trading platform to offer outright forwards
Icap’s forex spot and NDF electronic platform, EBS, is looking to diversify into outright forwards and other services this year
Former Thomson Reuters risk business on the lookout for acquisitions, says CEO
Thomson Reuters completes the sale of its trade and risk management business to Vista Equity Partners, and the new company – called Turaz – already has its eye on acquisitions, says chief executive Bret Bolin
Bank of England sets out code of practice on electronic trading
Members of the FX Joint Standing Committee comment on the recently reviewed Nips code, which includes a new section on electronic trading
Financial institutions plan to increase risk and trading IT spending in 2012
Just over 60% of respondents plan to up their technology spend next year, with market risk systems the main beneficiary
Energy risk manager outlines post-Dodd Frank reporting vision
Energy risk managers must develop a sustainable reporting system and not focus on finding "perfect technology", says ConocoPhillips risk manager
Hellman & Friedman to buy OpenLink
New-York-based commodity software firm OpenLink has announced its owners The Carlyle Group will sell it to a US private equity firm
SunGard’s Jackson moves to ICE
Ben Jackson, formerly senior executive vice-president of energy and commodities at technology vendor SunGard, has taken up a new role at the IntercontinentalExchange (ICE)
Chi-East moves to connect Asia's dark pools
Joint venture between Singapore Exchange and Chi-X Global expects to announce four new members in the next two months
Energy experts eye Dodd-Frank tech benefits
Data reporting systems may be far from Dodd-Frank friendly in the energy sector, but experts say users are likely to benefit once they are up and running
Aramco Trading advances towards launch
More demand for trading systems from Middle East expected as Aramco Trading selects ETRM system
Deutsche considered Autobahn spin-off in bid for Sef status
Dodd-Frank caused Deutsche to look at reinventing its Autobahn platform as a Sef – but dealers now see a future for their platforms as price aggregators
Trade associations start request for proposal process for LEI identifier
Self-registration is preferred operational model, with each legal entity paying an annual fee to cover costs