Nasdaq has acted to acquire Swedish fintech provider Cinnober for $190 million. The move bolsters Nasdaq’s offering of analytics, risk management and market infrastructure products.
CONTINUE READINGHong Kong Exchanges and Clearing will soon launch a new margin methodology as part of our Next Generation Post Trade Program. The methodology will be more sophisticated than the current methodology and is designed specifically to provide more efficient and accurate representation of portfolio risk exposure.
CONTINUE READINGSponsored Content: Since August 2017, B3 has been authorized by local regulators to accept assets held offshore as part of its total required collateral. This applies to all products traded at B3’s platform. The previous model for offshore collateral had been restricted to specific listed contracts, thus this recent authorization has represented a significant turning point in terms of risk and operational management for international investors, particularly due to the potential interest of newcomers entering the Brazilian market
CONTINUE READINGThe number of futures contracts traded worldwide grew by more than 30% last year, setting yet another record along the way.
CONTINUE READINGSponsored Content: Financial firms are toeing the waters of artificial intelligence (AI) and machine learning (ML) with focused initiatives to enhance operations and make more informed decisions. Some of the largest financial institutions in the U.S. are using AI to execute some trades and apply the technology toward detecting fraud. The ability to use this emerging technology to solve for specific issues is part of what makes it compelling and why startups with targeted-use applications are proliferating.
CONTINUE READINGParametric Portfolio Associates is a sophisticated user of the U.S. options markets. The Seattle-based asset manager, which currently has $230 billion in assets under management, has been using derivatives for more than 30 years to deliver investment solutions to pension funds and other investors looking for alternative sources of return. In this interview with MarketVoice, two Parametric executives talk about how they use equity index options for one strategy in particular. This strategy is based on extracting the "volatility risk premium" from the options market by systematically selling puts and calls. The key to the strategy is the historical tendency for options buyers to pay a premium to options sellers in return for protection from volatility. To put it another way, the level of volatility implied by the pricing of options is typically higher than the actual level of volatility. Options sellers profit from the difference, so long as they manage the risks effectively.
CONTINUE READINGGetting global agreement on environmental policies is incredibly difficult. But as the history of the North American carbon market illustrates, even getting regional players on the same page is no easy task.
CONTINUE READINGSeventeen years ago, the world was horrified when over 2,700 people died in the Sept. 11, 2001 terror attacks on the World Trade Center. While memories of 9/11 have faded for some, there are many people within the New York financial community who continue to dedicate their time and energy to honoring the victims of those attacks.
CONTINUE READINGIn July, Société Générale reached an agreement with Commerzbank to purchase its Equity Markets & Commodities business, a move that will bring additional customers into the French bank's derivatives business and strengthen its footprint in Germany.
CONTINUE READINGFinancial technology firm Axoni is proving that the promise of blockchain may live up to the hype. Axoni, a provider of enterprise blockchain technology that was founded in 2013, raised $32 million in a Series B financing in August. The funding round was led by Goldman Sachs and fintech-focused venture capital firm Nyca Partners. Other investors included well-known venture capital investors Y Combinator and Andreesen Horowitz as well as financial firms such as Citigroup, J.P. Morgan, NEX Group and Wells Fargo.
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