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Commodities Portal Shines Light Into OTC Derivatives Darkness

Jul 23, 2009 @ 11:37 AM By Ivy Schmerken,

With the government pressing for more transparency into OTC derivatives, it was interesting to learn that OTC energy markets are also fragmented and that participants are hunting for information in the dark.

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Goldman Launches Two New Options Algos

Jan 11, 2008 @ 01:19 PM By Cristina McEachern Gibbs,

Goldman Sachs Electronic Trading has launched two new algorithms for U.S. Listed Options. The new Iceberg and Delta Adjusted algorithms are available to users on Goldman’s RediPlus platform as well as its FIX offering.

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RealTick Links to On Point’s Options Smart Routing

Jan 7, 2008 @ 10:18 AM By Cristina McEachern Gibbs,

On Point Execution’s Sting smart order router for options is now an execution destination available on Townsend Analytics’ RealTick Execution Management System (EMS).

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Fortis Launches 24-Hour Futures Desk

Jan 4, 2008 @ 12:17 PM By Cristina McEachern Gibbs,

Fortis Clearing Americas will launch its 24-hour futures execution desk on January 14th to service commodity trading advisor (CTA) and hedge fund clients. Gerard Colagrossi and Eli Tullis Jr. have been appointed senior vice presidents and will lead the new Chicago-based desk.

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Morgan Stanley, Trading Technologies Ink Deal

Nov 28, 2007 @ 02:39 PM By Cristina McEachern Gibbs,

Under a new strategic agreement, Morgan Stanley’s Client Listed Derivatives group will make Trading Technologies X_Trader platform available to its customers as well as its internal trading desks on a global basis.

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Buy Side Ranks SwapsWire Dealers

Sep 12, 2007 @ 01:34 PM By Cristina McEachern Gibbs,

Deutsche Bank, JP Morgan Chase and Goldman Sachs were ranked as top dealers by buy side users in the 2007 SwapsWire Dealer Performance Survey.

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BNY ConvergEx Introduces Options Trading

Aug 22, 2007 @ 10:13 AM By Cristina McEachern Gibbs,

In light of the growing popularity of listed derivatives and growing client demand, BNY ConvergEx Group has launched a new options trading desk. Buy side clients can take advantage of either broker-assisted or fully electronic options trading via BNY ConvergEx.

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Bear CDO Series: Valuation Crisis

Aug 14, 2007 @ 05:20 PM By Ivy Schmerken,

Since the credit crisis erupted six weeks ago, hedge funds suffering heavy losses in CDOs related to sub-prime mortgages have had a difficult time pricing these complex instruments. Last week, French bank BNP Paribas shut down three funds with exposures to the U.S. sub-prime market because it said it could not value the funds. This in turn rattled other overseas banks that were exposed to U.S. sub-prime mortgages. The issue is that hedge funds can't value these CDOs and sub-prime related credit instruments in their portfolios, because they rely on tradable prices and right now there are no bids, say sources.

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Calling All Listed Futures and Options Trading System Providers!

Aug 8, 2007 @ 11:34 AM By Cristina McEachern Gibbs,

Don’t miss your chance to be listed in Advanced Trading’s next Directory featuring Listed Futures and Options Trading Systems.

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Tabb's Nybo:"Don't Count the Broker out in the Derivatives World"

Jun 13, 2007 @ 09:49 AM By Kerry Massaro,

“Two thirds of equities derivatives order flow is done by phone, and most derivatives traders say they don’t expect that to change over the next two years,” says Andy Nybo, Senior Analyst, Tabb Group speaking at TradeTech Derivatives in NYC. Nybo gleaned his information from many traditional asset managers and hedge fund traders who trade derivatives to create his report: “Exchange Traded Derivatives, The Buy Side’s Increasing Exposure.”
Advanced Trading coverd this report in our June issue.

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