Northern Trust Hedge Fund Services (NTHFS) has added support for spots, forwards, futures, and physical contracts in energy and physical commodities to its Omnium platform in response to the growing number of asset managers who are trading in global energy markets, officials say. Officials say Omnium is a middle-office and accounting platform that supports an… Read More >>
CFTC Launches New Era for Large Trading Reporting
The Commodity Futures Trading Commission (CFTC) has approved final rules to amend its large trading reporting regulations for futures and options to modernize the position reporting system and align it with other CFTC reporting structures Unless there is a major setback in its acceptance, a revamped system of collecting information on a trader’s entire position… Read More >>
Paxos Takes On Settlement for the Commodities Market
The people behind the regulated blockchain and tokenization infrastructure platform Paxos want to make a point about the need for a more efficient settlement infrastructure for the commodities market. To help make their point, the Paxos system offers “multilateral payment netting and simultaneous settlement for the unallocated, over-the-counter (OTC) precious metals market,” officials say. In… Read More >>
Spoofing Cases Yield a Record Fine & Convictions
False trade orders that spur sharp market price reactions before they disappear — otherwise known as “spoof orders” — have the full attention of authorities as evidenced by a recent record fine against JPMorgan, and the conviction of two former traders at Deutsche Bank. JPMorgan Chase & Co. has agreed to pay nearly one billion… Read More >>
FlexTrade to Apply Corvil’s Analytics to Client Performance
Corvil to Help FlexTrade Users Optimize Executions FlexTrade, a multi-asset execution and order management systems (OMS) vendor, is using Corvil Analytics as a way to improve client performance across FlexTrade’s trading solutions, officials say. The combination will enable FlexTrade to provide clients with Corvil’s machine-time analytics, which allows FlexTrade to identify areas for optimization that… Read More >>
