Showing posts with label securities trading. Show all posts
Showing posts with label securities trading. Show all posts
Wednesday, 8 October 2008
Thursday, 25 September 2008
Cinnober Selected by Burgundy
Cinnober today announced that it has been selected as technology provider for Burgundy, the new trading facility for listed Nordic securities, targeted for launch in the first half of 2009.Burgundy is backed by a large group of leading Nordic banks and securities brokers. The goal is to offer more cost-effective securities trading to members and investors, and to strengthen the Nordic region as a financial hub.
Saturday, 13 September 2008
Securities Trading
ABCDS
A credit default swap based on an Asset-Backed Security itself based on relatively risky home equity loans (U.S.) In effect a type of insurance against default on the underlying ABS.
Assignment
Receipt of an exercise notice by an option writer (seller) that obligates him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.
At-the-money
Occurs if the strike price of the option is equal to the market price of underlying security.
Avalanche
Network load and stress testing tool for web applications from Spirent Communications. Includes security stress testing, networks, web application testing, web services.
Call
An option contract giving the holder the right to buy the underlying security at a specified price for a certain, fixed period of time.
Capped-Style Option
Option with an established profit cap. The cap price is equal to the option's strike price plus a cap interval for a call option or the strike price minus a cap interval for a put option. Exercised automatically when the underlying security closes above or below the cap price, depending on whether it is a call or a put.
CISSP
Certified Information Systems Security Professional
Common Criteria
Set of strict predefined requirements for security.
Covered Call Option Writing
Trading strategy involving simultaneously selling call options and owning an equivalent position in the underlying security. The reverse is to sells a put option and shorting the underlying security.
Cox, Christopher
Chairman of the Securities and Exchange Commission. Confirmed in 2005.
Data Governance
The process by which companies govern appropriate access to and the use and transmission of their critical data by measuring operational risk and controlling security exposures.
Derivative Security
Financial security whose value is determined in part from an another security's (the underlying security) value and characteristic.
DHS
Department of Homeland Security
Donaldson, William
Former chairman of the Securities and Exchange Commission
Expiration Cycle
The dates on which options on an underlying security expire. A given option is assigned to one of three cycles, January, February or March.
Futures Commission Agent
Engages in soliciting or accepting handling orders for the purchase or sale of futures contracts , subject to the rules of a futures exchange and, who, in connection with solicitation or acceptance or orders, accepts any money or securities to margin any resulting trades or contracts. Can be a firm or person.
General Controls
A type of control activity. Typically involve controls over data center operations, system software acquisition, system maintenance and access security.
HSPD-12
Homeland Security Presidential Directive 12.
IISP
Institute of Information Security Professionals
International Securities Lending Association
A trade association established in 1989 to represent the common interests of participants in the securities lending industry. ISLA works closely with European regulators and in the United Kingdom has representation on the Securities Lending and Repo Committee, a committee of market practitioners chaired by the Bank of England.
In-the-money
Occurs if the strike price of a call option is less than the market price of the underlying security. For put options the strike price has to be higher than the market price of the underlying security for it to be in-the money.
ISLA
International Securities Lending Association
LEAPS
Long-Term Equity Anticipation Securities
NNSP
National Nuclear Security Administration
NSA
National Security Agency
Options Industry Council
An industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, and The Options Clearing Corporation.
Physical Controls
A type of control activity. They involve the physical security of assets. They ensure adequate safeguards over access to assets and records.
PSLRA
Private Securities Litigation Reform Act of 1996
Qualified Domestic Institutional Investor
China: programme enabling Chinese insurance companies to invest in oversease securities.
Rule enforced by the SEC requiring U.S. to make available to the public that they make to securities analysts. If the disclosure is intentional the release has to be simultaneous. Unintentional disclosure has to be made available to the public within 24 hours.
RSA Conference
Conference organised every year by security giant RSA.
SEC
Securities and Exchange Commission.
Securities Lending
Lending of securities by one party to another in return for collateral in the form fo cash, government securities or letter of credit. Terms of the loan are governed by a Securities Lending Agreement.
Securities Lending Agreement
Document detailing the terms of a securities lending deal or repurchase agreement (repo).
SIPC
Securities Investors Protection Corporation
TradeSecurity
Provider of security compliance and risk management solutions
TS2
System proprosed by the ECB for a single securities settlements across the Eurozone.
WFI
Supplier of design, deployment and management of wireless communication networks, technology networks and security systems.
Trade Suite / CNS Interface
Application used to streamline trade processing and reduce risk to executing broker and the prime broker. Supplied by National Securities Clearing Corporation
NSCC
National Securities Clearing Corporation
Swaps Pricing Platform
Accessing security quotes generated by broker-dealers that prime brokers use for calculating client's net asset values (NAV). Tool vendor is SQX.
A credit default swap based on an Asset-Backed Security itself based on relatively risky home equity loans (U.S.) In effect a type of insurance against default on the underlying ABS.
Assignment
Receipt of an exercise notice by an option writer (seller) that obligates him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.
At-the-money
Occurs if the strike price of the option is equal to the market price of underlying security.
Avalanche
Network load and stress testing tool for web applications from Spirent Communications. Includes security stress testing, networks, web application testing, web services.
Call
An option contract giving the holder the right to buy the underlying security at a specified price for a certain, fixed period of time.
Capped-Style Option
Option with an established profit cap. The cap price is equal to the option's strike price plus a cap interval for a call option or the strike price minus a cap interval for a put option. Exercised automatically when the underlying security closes above or below the cap price, depending on whether it is a call or a put.
CISSP
Certified Information Systems Security Professional
Common Criteria
Set of strict predefined requirements for security.
Covered Call Option Writing
Trading strategy involving simultaneously selling call options and owning an equivalent position in the underlying security. The reverse is to sells a put option and shorting the underlying security.
Cox, Christopher
Chairman of the Securities and Exchange Commission. Confirmed in 2005.
Data Governance
The process by which companies govern appropriate access to and the use and transmission of their critical data by measuring operational risk and controlling security exposures.
Derivative Security
Financial security whose value is determined in part from an another security's (the underlying security) value and characteristic.
DHS
Department of Homeland Security
Donaldson, William
Former chairman of the Securities and Exchange Commission
Expiration Cycle
The dates on which options on an underlying security expire. A given option is assigned to one of three cycles, January, February or March.
Futures Commission Agent
Engages in soliciting or accepting handling orders for the purchase or sale of futures contracts , subject to the rules of a futures exchange and, who, in connection with solicitation or acceptance or orders, accepts any money or securities to margin any resulting trades or contracts. Can be a firm or person.
General Controls
A type of control activity. Typically involve controls over data center operations, system software acquisition, system maintenance and access security.
HSPD-12
Homeland Security Presidential Directive 12.
IISP
Institute of Information Security Professionals
International Securities Lending Association
A trade association established in 1989 to represent the common interests of participants in the securities lending industry. ISLA works closely with European regulators and in the United Kingdom has representation on the Securities Lending and Repo Committee, a committee of market practitioners chaired by the Bank of England.
In-the-money
Occurs if the strike price of a call option is less than the market price of the underlying security. For put options the strike price has to be higher than the market price of the underlying security for it to be in-the money.
ISLA
International Securities Lending Association
LEAPS
Long-Term Equity Anticipation Securities
NNSP
National Nuclear Security Administration
NSA
National Security Agency
Options Industry Council
An industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ Options Market, NASDAQ OMX PHLX, NYSE Arca, and The Options Clearing Corporation.
Physical Controls
A type of control activity. They involve the physical security of assets. They ensure adequate safeguards over access to assets and records.
PSLRA
Private Securities Litigation Reform Act of 1996
Qualified Domestic Institutional Investor
China: programme enabling Chinese insurance companies to invest in oversease securities.
Rule enforced by the SEC requiring U.S. to make available to the public that they make to securities analysts. If the disclosure is intentional the release has to be simultaneous. Unintentional disclosure has to be made available to the public within 24 hours.
RSA Conference
Conference organised every year by security giant RSA.
SEC
Securities and Exchange Commission.
Securities Lending
Lending of securities by one party to another in return for collateral in the form fo cash, government securities or letter of credit. Terms of the loan are governed by a Securities Lending Agreement.
Securities Lending Agreement
Document detailing the terms of a securities lending deal or repurchase agreement (repo).
SIPC
Securities Investors Protection Corporation
TradeSecurity
Provider of security compliance and risk management solutions
TS2
System proprosed by the ECB for a single securities settlements across the Eurozone.
WFI
Supplier of design, deployment and management of wireless communication networks, technology networks and security systems.
Trade Suite / CNS Interface
Application used to streamline trade processing and reduce risk to executing broker and the prime broker. Supplied by National Securities Clearing Corporation
NSCC
National Securities Clearing Corporation
Swaps Pricing Platform
Accessing security quotes generated by broker-dealers that prime brokers use for calculating client's net asset values (NAV). Tool vendor is SQX.
Monday, 23 June 2008
SuperDerivatives and Standard Poors
Recognizing the need of financial markets for readily accessible and comprehensive pricing capabilities across a broad spectrum of cash, structured and derivative instruments, Standard & Poor's Securities Evaluations, Inc. (SPSE) and SuperDerivatives®, today announced that they have signed an agreement to establish a strategic sales and marketing alliance to combine their valuation offerings for fixed income securities (cash and structured products) and all major OTC (over the counter) and exchange- traded derivative asset classes into one sales and marketing channel.
This new alliance will offer the broadest coverage of asset classes and geographical reach available, combining the technological and market strengths of both companies. The joint offering will help market participants manage investment and operational risk and regulatory compliance more easily and effectively across a vast range of securities.
“Our clients increasingly demand more global coverage and depth for their derivatives portfolio valuations. In SuperDerivatives we believe we have found the ideal alliance partner to create the most comprehensive and robust global coverage possible from one offering,” said Lou Eccleston, Executive Managing Director, Standard & Poor's. “For more than 35 years, Standard & Poor's Securities Evaluations has been a leader in providing daily independent, mark-to-market valuations for market participants of all sectors. Joining forces with SuperDerivatives teams us with a leader in OTC and exchange-traded derivatives valuation and together we will form the largest independent revaluation service in the combined cash and derivative market place.”
The joint Standard & Poor's Securities Evaluations-SuperDerivatives (S&P-SD) offering will provide both companies' models and market data-based pricing services to provide independent valuations for global instruments, including government, municipal and corporate bonds, syndicated loans, asset and mortgaged backed securities and money market instruments. Additionally, the services will cover “vanilla” and “exotic” OTC derivatives as well as exchange-traded derivatives on major asset classes including foreign currency, interest rates, commodities, energy, equities and credit.
“This commercial venture between SuperDerivatives and Standard & Poor's Securities Evaluations is aimed at enabling our customers from developed and emerging markets to effectively value the widest range of products in a single offering,” said David Gershon, SuperDerivatives Chief Executive Officer. “Whether they are from the buy or sell side, our customers will benefit from a ‘one stop shop' experience with the objective of delivering the most accurate and reliable valuation service with significant economy of scale advantages. I believe that this alliance will form a new global standard for independent valuation service.”
This new alliance will offer the broadest coverage of asset classes and geographical reach available, combining the technological and market strengths of both companies. The joint offering will help market participants manage investment and operational risk and regulatory compliance more easily and effectively across a vast range of securities.
“Our clients increasingly demand more global coverage and depth for their derivatives portfolio valuations. In SuperDerivatives we believe we have found the ideal alliance partner to create the most comprehensive and robust global coverage possible from one offering,” said Lou Eccleston, Executive Managing Director, Standard & Poor's. “For more than 35 years, Standard & Poor's Securities Evaluations has been a leader in providing daily independent, mark-to-market valuations for market participants of all sectors. Joining forces with SuperDerivatives teams us with a leader in OTC and exchange-traded derivatives valuation and together we will form the largest independent revaluation service in the combined cash and derivative market place.”
The joint Standard & Poor's Securities Evaluations-SuperDerivatives (S&P-SD) offering will provide both companies' models and market data-based pricing services to provide independent valuations for global instruments, including government, municipal and corporate bonds, syndicated loans, asset and mortgaged backed securities and money market instruments. Additionally, the services will cover “vanilla” and “exotic” OTC derivatives as well as exchange-traded derivatives on major asset classes including foreign currency, interest rates, commodities, energy, equities and credit.
“This commercial venture between SuperDerivatives and Standard & Poor's Securities Evaluations is aimed at enabling our customers from developed and emerging markets to effectively value the widest range of products in a single offering,” said David Gershon, SuperDerivatives Chief Executive Officer. “Whether they are from the buy or sell side, our customers will benefit from a ‘one stop shop' experience with the objective of delivering the most accurate and reliable valuation service with significant economy of scale advantages. I believe that this alliance will form a new global standard for independent valuation service.”
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