In trading rooms, the term “spread” is frequently used. A spread is usually regarded as the nominal difference between a target rate of return and a benchmark. For example, a funding spread of 50 basis points over Libor (the benchmark) is regarded as the charge of borrowing the cash from a funding source. If the borrower and lender are international banks, the funding spread can be zero; on the other hand, if the borrower is in distress, the lender may charger a huge cost or simply does not lend. Hence, the funding spread reflects the borrower’s ability to pay back the cash or the obligor’s credit risk, in professional term. (more…)
On March 10, 2010, In Quants, By SI
On March 9, 2010, In Articles, By SI
Thomson Reuters has acquired the assets and business of Aegisoft, to expand its direct market access trading capabilities in exchange-traded cash and derivatives markets.
“What we lacked until now is the direct markets network in terms of the exchange connectivity piece that Aegisoft brings to the table,” said Stephen Wilson, global head of exchanged traded instruments, in an interview with Wall Street & Technology. (more…)
On March 9, 2010, In Articles, By SI
WALL STREET HAS NEVER LACKED intellect and talent from the best schools. While distinguishing itself in mergers and acquisitions and raising capital for Main Street, Wall Street also has found brilliant ways of blowing itself up from time to time, creating periodic market routs and bringing down its own firms. (more…)
On March 8, 2010, In Articles, By SI
SciComp, the Austin, Texas based provider of scientific computing solutions to the financial markets, are no strangers to pioneering the development and advancement of technologies…The company has made a name for itself in software synthesis engines (software that writes software), high-level programming languanges, robust, state-of-the-art algorithms and the latest financial instruments, integration efficiency tools, and customzed, off-the-shelf models. (more…)
On March 8, 2010, In Articles, By SI
Europe’s equities market is not large enough to sustain the current number of trading venues, which will lead to consolidation in the medium term, according to research from investment bank UBS.
In its first research note covering European exchanges and inter-dealer brokers, UBS noted that European multilateral trading facilities (MTFs) have yet to achieve a solid record of profitability. It said that sources at MTFs suggested that the venues require a pan-European market share of 14% to break even. Assuming a fixed cost base, the bank said this seemed reasonable. (more…)
Ivy Capital Ltd |Jobs in Quantitative Finance
