Wall Street Letter VOL. XLV, NO. 36 - December 2013 - Page 13

DECEMBER 2013 Hanweck. “We are expanding it out with NYSE to get product into the feed platform for NYSE Technologies and will broadening our scope out to Europe, since NYSE has a presence via Euronext, and ICE [IntercontinentalExchange], presuming the acquisition goes through.” Hanweck noted the offering has been calibrated for the European markets. “The development work on our side entails making sure the data is in place,” said Hanweck. “We are trying to cover major index options in Europe, then work towards single stock options on futures.” Targeting US hedge funds, the expansion will widely open the scope of trading for clients, Hanweck noted. Over time, local industry players in Europe and Asia may utilize the offering as well, he added. “An active options trader in the US may want to see what’s going on with British, so the system is a US product tracking European markets, because volatilities and other options analytics from Europe are pretty important even for US trader,” said Hanweck. The pitch to firms is that the offering can replace antiquated systems or provide a fresh framework for new companies, according to Hanweck. “Volera can back up existing feeds or replace a screen-based platform,” said Hanweck. “Many firms are finding that it is not best to use IT’s time to put together calculations for implied volatility and Greeks.” FIA EXPO 2013 Cloud adoption bigger on sellside, Fidessa execs say The use of cloud technology among financial services firms has taken hold on the sellside more than it has on the buyside, according to comments from Justin Llewellyn-Jones, chief operating officer and global head of derivatives at Fidessa. Llewellyn-Jones told WSL on the sidelines of the Futures Industry Association’s 29th Annual Futures & Options Expo the differences in levels of adoption has a lot to do with the fact that the sellside has spent more time considering cloud options to the po ??BF?BF?RF????r&?WBF?P???g&7G'V7GW&R?2??&RGf?6VB??( ?F?R6V7W&?G??2v??BV??Vv???@?F?W?&R6??f?'F&?Rv?F?F?R6??6W@??b&?fFR?ffW&??w2???R??vVB6??WF???2?v?BvRW6VBF?6??6?gGv&V2??6W'f?6R?( ???WvV??????W26?B?RFFVB???6?FR??7F??F????2F?P????V?V?FF????b6???6R?W72?gFV???( ?F?B?2v?B???6???rW??W&R?F?W?F??( ?Bv?BF?'W?6?gGv&P??6V?6W2??6?V?G5?v?BF??ff??BF?P?&?&?V??( ?F?F?????F?R'W?6?FR?2?V???r'WB?R??FVBF?W&R&R??&P?6V7W&?G?6??6W&?2&V?FVBF?F?RG?P??b??f?&?F???F?Bv?V?B&R??W6V@???F?R?WGv?&?2??VW7F?????( ??'f??W6?F?W??fR??B??&P?6?V?BFF???B??&R????&?fW76??????fW7F?"FFF?BF?W??fRF??v?''?&?WB2vV???'WBF?W?v???vW@?F?W&R?( ??R6?B?( ??B6W'F??F???w0?F?BF?W?F??F?R6????6RF???2f? ?W???R???7B?bF??6R&R??r??f??r??F???vVB6W'f?6W26??WF???2?( ????&?6V?7FV???'W6??W72FWfV???V?B??vW"Bf?FW76???FVBF?P???7&V6R??F?R??V?B?bFF?VVFV@?f?"VF?F??rW'?6W2?2vV??2F?P???7&V6R??F?6??B?&?WBFF76?6?FVBv?F???v?W"G&F??rf??V?W2??v???6W6R'W?6?FW'2??7&V6??v?F??&Wf?Wrv?WF?W"F?W?6??V?B??vP?F?V?"?v?FF???$?UB5E%T5EU$P??6?F?w&?W( ?2,???76?&?RGVRF??7G'V7GW&R6??vW0?F?R&V6V?B?V?6??b6?F?w&?W( ?2,???Ff?&??&WF??&?6R??&?fV?V?@??ffW&??r??2??R?FR?76?&?R'??6??vW2F??&?WB7G'V7GW&R??F?P??6?V?G'??VB'?6?F?w&?W????fRF??&??7FW"G&F??r?B?v?FWfV???V?@???F?R&??6?W??6?FRf??&W2?66?&F??rF???V?r??r?v??&??V@??b?v?&?F??&?GV7G2??6?F?w&?Wv?&?VBv?F?F?R6??6?;6??6????&?6&??FRf??&W2???W??6?( ?2f???6??&VwV?F?'?&?G??F????7F?GWFR6??vW2F??&?WB7G'V7GW&P?F????r&WF??G&F??rF?v???VFvP?f?gV??V???&?6R??&?fV?V?Bf? ???6???fW7F?'2?66?&F??rF???r??( ??&?WB7G'V7GW&R7F?VBf??r0?'&??W"?B?WB&WF??G&FR?VB?( ?6?B??r?( ?G&FW"6?V?B??BW?V7WFR??F??V?&??&?G????r??R6??W?V7WFR&?F???7F?GWF?????B&WF????&FW'26??V?F?V?W6??( ???rFWF??VBF?BF??2v6?( ?B?76?&?RF?&VR?V'2v??6VV??r2?Vv7???&?WB7G'V7GW&R7W'F??VB??7F?GWF????&??W'2g&??&V??r&?RF?F?P?Gf?FvR?b&?6R??&?fV?V?Bf? ?&WF???B??7F?GWF????f??r?66?&F??rF???r??F?Rg'V?G2?bF??2?&?"???vV@?6?F?w&?WF??V?6?,??v??6?7F?G0?f?"&WF??&?6R??&?fV?V?B?&?f?F??r?&FW"f6??FF????V6???6??Ff?&?v??6?v???&?f?FRgV??V??&?6R??&?fV?V?BF?&WF????fW7F?'0????W??6???( ?6?F?w&?Wv?&?VBv?F?W?6??vW0??BF?R6??6?;6??6????&?6&???FRf??&W2?( ?6?B??r?( ?vRv?&?V@?v?F?F?V?f?"?V"F?V?7W&RF?W??&R6??f?'F&?Rv?F?v?BvR&P?F???r?f????v??rF?V?"??WB&V6W6P?vRv?BF?&?f?FRf?VRF?&WF???@???7F?GWF????6?V?G2?( ?DT4?????u???&W?'C?6??V@???g&7G'V7GW&R6?7@?VffV7F?fRF????@??Wr&W?'B?WBg&????T?&?WDFF??6??VBFV6?????w?W6R???p?f???6??6W'f?6W2f?&?2??F?6FW2F?@?F?R??g&7G'V7GW&RFV6?????w??2????VffV7F?fRWF?6W'F???WfV??bW6R??F?R&W?'B?( ?26??VBFV6?????w???0???