Swaps Exchange Processes $100B of Bunched-Order Allocations
trueEX Group, the New York-based electronic exchange for interest rate swaps, reports that it has successfully processed more than $100 billion in bunched-order allocations via its newly activated Post-Trade Services (PTS) platform.
trueEX’s PTS platform allows buy-side clients and their futures commission merchants (FCMs) to directly allocate executed and cleared bunched order trades to a client’s respective sub-accounts at clearinghouses, company officials say. Bunched orders, and the post-trade allocations of swaps, help clients achieve best price, increase liquidity, reduce operational risk and maximize ease of execution, trueEX says.
The platform also offers direct connections to major clearinghouses and can process allocations from execution venues while providing real-time updates on the allocation status, says trueEx.
The PTS offering is execution-venue and clearing-house agnostic, according to truEX, which is a designated contract market and temporarily registered swap execution facility.
trueEx’s bunched trades were recently cleared by Credit Suisse Securities USA and LCH.Clearnet Group’s SwapClear clearing service, according to trueEx’s statement, which notes also that there are two additional FCMs “in the final [stage] of testing and certification” with trueEX.
Sapient Launches Cloud-based Client Connect
Sapient’s Global Markets division, whose offerings include data-visualization solutions for asset managers, has unveiled Client Connect, a solution for fund-marketing and client-service automation.
Client Connect will employ cloud-based data platform and portal technology from Kurtosys, in which Sapient has invested.
Client Connect provides asset managers with a variety of reporting, presentation and secure portal capabilities, according to a Sapient statement. The system also has the ability to automate the generation and distribution of such marketing material as fund fact sheets and online fund information.
The Kurtosys cloud-based platform can integrate with other systems, such as customer relationship management (CRM) packages, Sapient officials say.
Sapient Global Markets offers services across advisory, analytics, technology, and process, as well as methodologies in program management, technology development, and process outsourcing. London-based Kurtosys, an online and mobile communications specialist, offers digital marketing and reporting tools, including client reporting, secure portals, fund fact sheets, and fund tools.
LiquidityBook’s LBX Available via AbacusFLEX
A new partnership will allow LiquidityBook’s buy-side connectivity solution, LBX, to be hosted in the AbacusFLEX private cloud environment of Abacus Group, which provides hosted IT solutions for hedge funds and private equity funds, officials say.
The LBX platform offers the buy side global FIX protocol and non-FIX connectivity to brokers, and contains a regulatory compliance module with Value-At-Risk (VAR) calculations, stress testing, reporting and alerting capabilities, along with shadow books and records, say LiquidityBook officials.
In addition, the new arrangement between LiquidityBook and Abacus will give AbacusFLEX clients access to LBX’s order management, portfolio management, trading, network connectivity, compliance, and post-trade processing services. The LBX platform can be applied across asset classes, currencies and multiple prime brokers.
Xenomorph’s TimeScape to Use the “R” Language
Xenomorph, an analytics and data management solutions vendor, reports that its TimeScape product now incorporates both the open source R language and the R environment for statistical computing and graphics.
The integration, developed by Xenomorph, enables users of R to access the datasets in TimeScape, as well as to extend the data analysis capabilities of R by leveraging the analytics in the TimeScape platform.
The addition of R connectivity extends TimeScape’s analytics management capabilities and is complementary to Xenomorph’s recent integration with Aqumin’s Alphavision visual landscapes, according to the company.
The R platform’s long-standing integration with Microsoft’s Excel, its connectivity with Matlab and its SpreadSheet Inside technology for managing spreadsheet-like calculations aligns with Xenomorph’s approach to making data transparently and consistently available to all that need it, the company says.
“In our view, making data available anywhere and anyway that users need to consume it is vital to improving data management and to maximizing efficiency across the front, middle and back office,” Naj Alavi, managing director of Xenomorph’s New York office, said in a statement.
CACEIS Launches New Web Portal
CACEIS, a member of France’s Crédit Agricole Group, has launched a new web portal, optimized for mobile access.
The new portal is already used by more than half of CACEIS clients and will be rolled out to all clients by mid-2014, according to a CACEIS statement, which also notes that clients of asset managers, banks and institutions can use the new portal to access real-time data on transactions and to generate reports.
Via the portal, clients also can be updated on the latest regulatory requirements, such as the deadlines for the Alternative Investment Fund Managers Directive, the European Market Infrastructure Regulation legislation and Foreign Account Tax Compliance Act, according to the statement.
The new portal also facilitates the group’s existing portal for middle-office outsourcing, custody and settlement, cash management and fund administration, says the asset servicing banking group for institutional and corporate clients.
Clients also will be able to access information on fund distribution activities, derivative execution and clearing, and collateral management services, according to CACEIS.
CACEIS offers services covering depositary and custody, fund administration, middle-office outsourcing, derivatives clearing, foreign exchange, securities lending, fund distribution support and issuer services.
Need a Reprint?
Leave a Reply