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Maitland Selects Milestone Group’s pControl For Enhanced Multi-Manager Service - Solution Brings Global Multi-Manager Capability To The South African Fund Administration Market

Date 16/01/2013

Milestone Group, the specialist provider of optimised fund processing solutions to the global funds industry, has today announced that international fund administrator Maitland, has selected its pControl platform to enable it to provide an enhanced administration service to multi-manager clients in South Africa.
Liquidity Alliance Launched To Address Global Collateral Crunch - The Initial Members Of The Liquidity Alliance Are ASX (Australia), Cetip (Brazil), Clearstream (Frankfurt/Luxembourg), Iberclear (Spain) And Strate (South Africa) - The Goal Of The Liquidity Alliance Is To Exchange Information, Identify Common Needs And To Extend Global Collateral Solution - Liquidity Alliance Will Be A Dynamic Forum And Open To Additional Participants From All Regions

Date 16/01/2013

The financial crisis in 2007/2008 prompted regulators to make risk avoidance their top priority which they then backed with a portfolio of new legislation. The consequence of the Dodd-Frank Act, EMIR, CRD IV and other regulations will be to leave the financial services industry short of liquidity and collateral at a time when new capital rules make banks unwilling to lend. According to April 2012 estimates by the Basel Committee on Banking Supervision, banks in Europe alone are facing an aggregate shortfall of stable funding of EUR 2.78 trillion in fulfilling the additional liquidity requirements of Basel III. Additionally, the IMF reported in April 2012 that sovereign downgrades would reduce the supply of general collateral by USD 9 trillion by 2016. Sourcing collateral is therefore a truly global issue for the industry now and for the years to come.
Gold Price Advancement Continues On Tokyo Commodity Exchange

Date 16/01/2013

Tokyo Commodity Exchange, Inc, announced that its December 2013 Gold futures contract (back contract month) temporarily reached 4,828 yen per gram during today’s session renewing the highest price recorded since the listing of gold futures contract at TOCOM on March 23, 1982 in the three consecutive business days after January 11, 2013. Daily trading volume of Gold futures (standard) was 84,840 contracts (including 68,082 contracts traded for December 2013 contract) and the entire TOCOM market to 163,093 contracts.
MKS Selects smartTrade’s Liquidity Management System For Precious Metals Pricing - smartTrade’s Technologies Provides Customer And Dealer Pricing, Order Management And Smart Order Routing

Date 16/01/2013

smartTrade Technologies today announced that MKS (Switzerland) SA (MKS) has selected smartTrade’s Liquidity Management System (LMS) to handle its physical customer pricing. The system will provide end-to-end market connectivity, pricing configuration and distribution, order management and smart order routing.
TMX Atrium Upgrades Infrastructure Across London To 10Gbps

Date 16/01/2013

TMX Atrium, provider of smarter infrastructure solutions for the financial community, today announced that it has enhanced its ultra-low latency connectivity infrastructure across Europe. The 10-gigabits-per-second (Gbps) capacity has been added in response to anticipated customer demand for flexible and scalable connectivity to multiple markets across London and Europe and into Russia.

TriOptima Eliminates $84 Trillion In OTC Derivatives Notional Principal Outstandings In 2012 - $322 Trillion Terminated Since triReduce Portfolio Compression Launched

Date 16/01/2013

TriOptima announces today that it eliminated $84 trillion in OTC derivatives notional principal outstanding in 2012: $80.5 trillion in interest rate swap notionals and $3.5 trillion in credit default swap (CDS) notionals. Of the $80.5 trillion, almost $72 trillion in reduced interest rate swap notionals were the result of ongoing efforts by LCH SwapClear, its member institutions and TriOptima to reduce outstandings in the clearinghouse.
NASDAQ OMX Partners With Deutsche Bank And Imarex FS To Introduce FX Trading And Clearing Solution

Date 16/01/2013

NASDAQ OMX Nordic, part of NASDAQ OMX Group (NASDAQ:NDAQ), announces a partnership with Deutsche Bank and Imarex FS (Financial Services) to offer market participants access to an integrated trading and clearing service for FX products. This allows clients of NASDAQ OMX’s Norwegian clearing house, NOS, to trade FX products through Deutsche Bank’s leading FX trading platform. Thus they will get direct access to liquidity from the world's leading FX bank, whilst ensuring that clearing and counterparty risk management is carried out in a best practice environment.
Orc Expands Its Broker Connectivity Reach

Date 16/01/2013

Orc, a leading provider of technology and services for the global financial industry, today announced that UBS Securities (UBS) has extended its usage of the Orc Access solutions to meet increasing global demand for high-performance and robust access on APAC exchanges.
SIFMA Statement On U.S. Trade Representative’s Notification Of International Services Agreement Negotiations

Date 15/01/2013

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy after U.S. Trade Representative Ron Kirk notified Congress that the Obama Administration intends to enter negotiations for a new trade agreement aimed at promoting international trade in service.
Financial Stability Oversight Council Extends Comment Period For Proposed Recommendations For Money Market Fund Reform

Date 15/01/2013

The Financial Stability Oversight Council (Council) announced today that it has extended the comment period for proposed recommendations for money market mutual fund (MMF) reform. At the request of the Chairman of the Securities and Exchange Commission, the Council voted to extend the comment period until February 15, 2013, to allow the public more time to review, consider, and comment on the proposed recommendations. This also allows the public to consider the information in the SEC staff report issued on November 30, 2012.