Trading Technology

State Street's Tomas Zikas talks to DerivSource about the implications of the recently announced Swap Execution Facility (SEF) rules and how the market can prepare for implementation in the next several months.

Q. The CFTC announced SEF rules May 16th that the market has been digesting since. Can you offer a quick overview of what these newly announced rules mean for SEFs and the industry in general?

A new app marketplace for OTC derivatives that is low cost and regulatory compliant is nearly at hand, but are financial institutions and derivatives users ready for this innovative concept? DerivSource's Julia Schieffer talks to DerivaTrust founders and market participants about this new ‘app swarm’ for trading OTC derivatives.

New global trading system fully rolled out since 10 June/Fixed-income derivatives segment was last product group to migrate

Streamlined negotiation of CME Group futures with variance pay-off

Tradition, one of the world's largest interdealer brokers in over-the-counter commodity and financial products, has today announced the launch of Volatis, a new hybrid platform designed to facilitate the negotiation, and subsequent trading of, realised volatility futures with a variance pay-off listed and cleared on CME Group exchanges.

New gateway also links TT clients to GovEx

Trading Technologies International, Inc. (TT), a global provider of high-performance trading software for derivatives professionals, and Eris Exchange, a U.S.-based futures exchange offering swap futures as a capital-efficient alternative to traditional OTC interest rate swaps, today announced that TT has released its connection to the Eris SwapBook™ electronic trading platform.

Trad-X, the global hybrid platform for trading interest rate swaps, today announced the launch of its Sterling interest rate swap product.

Trad-X, the derivative technology solution launched by Tradition two years ago and supported by 11 of the largest banks in the world, has already established itself as the leading hybrid liquidity source for Euro and USD interest rate swaps. The platform intends to build on this success by expanding its services into another key trading currency – Sterling.

Trading Technologies International, Inc. (TT) announced today that TT will connect its X_TRADER® platform and related products to NASDAQ OMX NLX (NLX), a new London-based derivatives trading market.

NLX will initially list European short-term interest rate (STIR) and long-term interest rate (LTIR) euro- and sterling-based futures products. All instruments will clear through LCH.Clearnet,providing optimal initial margin efficiencies for market participants who will have the unique ability to portfolio margin both STIRs and LTIRs in a single clearing house.

Trading Technologies International, Inc. (TT) today announced that effective June 1, TT will offer X_TRADER® with bundled access to all of TT’s 35 supported markets for the flat rate of $500 per month and X_TRADER Pro for a reduced price of $1200 per month. Also, X_TRADER will now include synthetic order functionality through its Synthetic Strategy Engine (Synthetic SE), which was previously available only with X_TRADER Pro.

Initiative led by 12 investment and commercial banks has gathered the support of many of the leading bond electronic trading venues

The Fixed Income Connectivity Working Group of leading sell side banks (FICWG) welcomes the positive response shown by the industry for the adoption of open, standardized protocols for the trading of fixed income cash bonds.