For years, real-time margin calculations were a pipe dream for risk managers. However, a new partnership is working to show risk managers that the dream is now a reality. Broadridge Financial Solutions and The Technancial Company are combining TTC’s JANUS Margin Engine with Broadridge’s post-trade management solution to create a new post-trade offering for options and futures. This new solution will provide clients access to expanded derivatives processing capabilities, including client clearing and the power to consolidate post-trade operations across various assets.

The move reflects trends both firms have seen in the marketplace. “Margins are no longer an end of day calculation. We can answer questions about open orders in microseconds,” Mirko Marcadella, TTC’s Global Head of Business Development, explained on the sidelines of the 41st Annual International Futures Industry Conference in Boca Raton, Fla.

“The collaboration between Broadridge and TTC offers our mutual clients the ability to benefit from a superior, highly efficient exchange traded derivatives capability with seamless process throughout,” explained Paul Clark, Broadridge’s head of Institutional Strategy and Product Management. (read more…)

Attendees at the 41st Annual International Futures Industry Conference awoke to the news this morning that London Stock Exchange Group and Deutsche Boerse had announced their “merger of equals.” The news comes as a relief to many in Boca as there was a fear during yesterday’s Day One that this year’s conference would become three days of “no one talking about what everyone wants to talk about.” Perhaps ICE boss Jeff Sprecher summed it up best at the end of his exchanges information exchange yesterday when no one in the audience asked any questions: Sprecher expressed thanks and relief that no one would ask him questions he couldn’t answer.

Other highlights from Day One included comments from FIA President and CEO Walt Lukken about the burden regulations continue to represent for the industry. FIA Head of Europe Simon Puleston Jones summarized it best in his comments about MiFID: The industry is happy the implementation date has been pushed back, but the industry still wants the rules finalized as quickly as possible. (read more…)

Be it the volatility Chinese markets have experienced in recent months or the prospect of increased geopolitical uncertainty, the Singapore Exchange (SGX) has come to represent a stable alternative for investors seeking to access Asian markets.

Speaking on the sidelines of the 41st Annual International Futures Industry Conference in Boca Raton, Fla., executives from the SGX urged the assembled members of the media to not let the positive potential of Asian markets get lost in the headlines of volatility in Chinese markets.

“Asia is not just about China slowing down,” explained SGX chief executive officer Loh Boon Chye. “Asia is about growth.”

SGX executives also fielded questions about rising geopolitical tensions in Asia, especially in the South China Sea region. Tensions that see countries beginning to align over land grabs of the South China Sea and elsewhere might propel SGX into the position of a trusted third party market for outside investors seeking to harness the potential of Asian markets. (read more…)

ICAP has announced the successful completion of a proof-of-technology test of a distributed ledger using blockchain. The technology could potentially be a game-changer for trading operations while maintaining the capability of meeting current, stringent regulatory standards, according to the company. The test was completed on Feb. 26 by ICAP’s Post Trade Risk and Information unit, but the news was announced on the first day of the 41st Annual International Futures Industry Conference in Boca Raton, Fla..

Blockchain could bring huge advances for all manner of market uses, but the full potential of the technology will take years to manifest itself, one executive who was involved in the test explained on the sidelines of the FIA conference. Nevertheless, the test mark a significant milepost in blockchain implementation.

The test relied on underlying blockchain infrastructure from Axoni and the multi-asset matching and messaging network of Harmony. Axoni’s blockchain implementation is unique, according to the company, offering complex automation functions, transparency and enough bandwidth to handle high trade volume. (read more…)

CME Group has announced plans to make Duco Technologies’ automated reconciliation service – Duco Cube — available to member firms later this year. CME Group and Duco made the announcement at the 41st Annual International Futures Industry Conference in Boca Raton, Fla.

“At CME Group, we are committed to finding the best and most innovative solutions to our clients’ needs. Teaming up with Duco to utilize its intuitive, easy to use technology helps us simplify and streamline the current fee processes for our member firms,” said CME Group Chief Commercial Officer Bryan Durkin.

Duco Cube will automate the alignment of firm back-office systems with CME Group exchange fee pricing components. The capability, the companies say, will vastly simplify processes without the requirement of investing in expensive IT infrastructure and personnel.

“We’re very excited to collaborate with CME Group on this critical offering that will significantly improve efficiency for the nearly 350 clearing and non-clearing firms it serves,” said Duco CEO Christian Nentwich. (read more…)