Results for “Markets”

Conquering Chaos: Trump’s Longer Term Effect on Interest Rates and Trading in Swap Futures

The following is a guest post by Christopher Rodriguez, chief marketing and relationship management officer of Eris Exchange, and Geoffrey Sharp, Eris’ managing director and head of sales. Eris is a U.S. futures exchange that offers listed interest rate swap futures. Trading Technologies offers connectivity to Eris through both the TT® and X_TRADER® platforms.

Some traders were more prepared than others for the results of the U.S. presidential election in November. Higher implied volatility, changes in risk premium and increases in interest rates resulted from Donald Trump’s surprise victory. Equity markets plunged then rallied. All told, the month of November was remarkable for traders.

Heading into Thanksgiving, 10-year Treasury Note Yields reached highs not seen since the middle of 2015. The bond sell-off tapered toward month-end, but the forwards predicted a more aggressively rising rate environment. (more…)

5 Questions with Magnus Haglind, COO and Deputy Head of Nasdaq Global Commodities

magnus haglind nasdaq futures
I first met Magnus Haglind when he was living in Chicago and serving as CEO of Nasdaq Futures (NFX), the U.S. energy market launched by Nasdaq in 2015. Nasdaq had announced Trading Technologies’ status as a preferred NFX vendor, and our teams were starting to work together to connect traders to the new exchange using our software.

While the collaboration between TT and Nasdaq has deepened, Magnus’ role has evolved. A native of Sweden, Magnus recently took a new position that has him overseeing Nasdaq’s global commodities business.

We spoke with Magnus as he was preparing to relocate from Chicago back to Stockholm where his position is based. Read on for insight into how he got his start, his view on technology, and what lies ahead for both NFX and Magnus.

– Brian Mehta, CMO

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5 Questions with Geoff Sharp at Eris Exchange

Innovation, capital efficiency and broad market access are the hallmarks of Eris Exchange, which lists standardized LIBOR interest rate swap futures offered through TT®. In this edition of “Five Questions with…,” we talk with Geoff Sharp, who recently joined Eris as head of sales. We will explore how Eris continues to innovate and attract a broad range of clients to its market.

Brian Mehta, CMO

Geoff Sharp Eris Exchange
 

What brought you to Eris?

Geoff: After college, I spent my entire career in OTC markets; first structuring FX and interest rate derivative strategies for Credit Suisse in London, then trading both at Lehman in Tokyo and New York. This landed me on Lehman’s OTC interest rates derivatives sales desk in 2005, and I then moved on to Nomura as it expanded its global markets franchise following Lehman’s bankruptcy.

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Extending the TT® Ecosystem

Hong-Kong-skyline 

In the last two months, we have accomplished a significant milestone in the development of the TT platform. We’ve rolled out access to 16 new markets, bringing TT very close to market parity with X_TRADER®.

Adding new markets to a trading platform is not necessarily newsworthy. It’s what a software provider like us does multiple times a year, year after year. However, this mass rollout over the last two months has been unique in the way that 10 of those markets were integrated into TT.
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The Growth of Italian Equity Derivatives: A Conversation with Borsa Italiana

IDEM, the Italian Derivatives Market of Borsa Italiana, part of London Stock Exchange Group, is enjoying another strong year in terms of volume growth, making it one of the most interesting equity derivatives markets in Europe. Its flagship products—FTSE MIB index futures, mini-futures and options—are enjoying buoyant performance thanks to increasing interest from both sell-side and buy-side investors globally. Massimo Giorgini, Head of Business Development for Equity and Derivatives Markets at Borsa Italiana, took the time to talk with us about recent developments at IDEM.

TT: Let’s take it from the top. Massimo, can you talk a little bit about your line of business?

Massimo: Borsa Italiana has operated the IDEM market since November 1994, so we recently celebrated its 20th anniversary. IDEM is the leading global liquidity pool to access Italian equity derivatives, offering the full suite of Italian equity derivatives, including futures, mini-futures, options, weekly options on the FTSE MIB Index, plus the full range of Italian single stock options and futures—not only on Blue Chip symbols but also on some Mid Cap names. FTSE MIB index futures, mini-futures and options also can be bought and sold in the U.S. in accordance with the terms of the No-Action letters from the CFTC and SEC.
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