Tuesday 4th August 2015
NEWS TICKER, Tuesday, AUGUST 4TH: US bond markets expect a $900m issue from the Metropolitan St. Louis Sewer District as early as next year after its rate commission voted yesterday to back the district’s plan to tap the markets. The bonds will continue financing a $4.7bn capital program required by the Environmental Protection Agency (EPA) to keep sewers in St. Louis and St. Louis County from regularly overflowing into area creeks and rivers. Already, the district has put $600m toward sewer projects in St. Louis and St. Louis County. MSD customers can consequently continue to expect annual sewer bill hikes each summer. In 2012, the average customer paid $29 monthly. This month, bills rose to an average of $41. After this bond issue, the monthly sewer bill will cost the average household $61 by 2019 - JP Morgan has hired Lebo Moropa, giving the bank its first dedicated prime brokerage and equity finance presence in South Africa, reports Securities Lending Times. Former HSBC trader Moropa has joined the bank in Johannesburg and will focus on synthetic and cash prime brokerage and securities lending, including delta one and will report to Paul Farrell in London. Moropa was a delta one trader at HSBC and has worked for JP Morgan before– Apulia Finance has informed the Luxembourg Stock Exchange of its intent to issue a securitised paper, backed by residential mortgage loans originated by Banca Apulia. The issue date is August 6th and the deal is lead managed by BNP Paribas who is also joint arranger with Finanziaria Internazionale Securitisation Group. Swap counterparty in the transaction is Canadian Imperial Bank of Canada and the clearers are Euroclear and Clearstream. Funding is at three month Euribor with a spread of 0.40% before the step up date and 0.80% after the step up date. The deal is worth a combined €170m of which €153m are Class A asset backed floating rate notes due 2043; €6.79m Class B asset backed notes and €9,84m are Class C asset backed floating rate notes – all due 2043.

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SIX Swiss Exchange upgrades platform

Monday, 23 April 2012
SIX Swiss Exchange upgrades platform SIX Swiss Exchange has successfully completed the upgrade of its tradingplatform. The upgrade was developed in collaboration with NASDAQ OMX.At the same time, SIX Swiss Exchange is launching a co-location servicefor the new platform in association with Equinix. Starting today, SIX SwissExchange offers participants the most modern trading technology in theworld. http://www.ftseglobalmarkets.com/

SIX Swiss Exchange has successfully completed the upgrade of its trading
platform. The upgrade was developed in collaboration with NASDAQ OMX.
At the same time, SIX Swiss Exchange is launching a co-location service
for the new platform in association with Equinix. Starting today, SIX Swiss
Exchange offers participants the most modern trading technology in the
world.

SIX Swiss Exchange has successfully completed the upgrade of its SWXess
trading platform with the X-stream INET technology developed by NASDAQ
OMX. SIX Swiss Exchange is the first exchange globally to combine the triedand-
tested capabilities of the X-stream platform with INET trading technology –
the world's fastest.

On April 23rd SIX Swiss Exchange launched equity trading using the very latest
technology. With this step, SIX Swiss Exchange is investing in the future and in
the international growth of Switzerland as a highly successful trading center.
Together with the new co-location service, the system upgrade means that much
higher order volumes (capacity) can be matched and executed in a significantly
shorter time (latency).



This is supported by the efficient and standardised trading protocols, which are also in use at various trading venues. Tests under trading conditions have shown that average round-trip latency is just 37 microseconds.

According to a Swiss Exchange release, each and every participant benefits from this low latency. Participants can put their investment decisions into effect and adjust and reduce their investment risk even faster. Rapid trading, and market data that is distributed with equally low latency, are also key to participants investing or market-making in ETFs, ETPs or structured products. The latest enhancements allow price movements in
underlyings to be identified more quickly, and the corresponding investment and
market-making decisions to be executed more effectively, says the exchange.

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