Confirmation

The Futures Industry Association announced today that its board of directors has appointed Walter Lukken as president and chief executive officer. Lukken brings to the FIA many years of experience in government as well as expertise in the mechanics of clearing, a critically important issue for the FIA and its members. He succeeds John Damgard, who has been the head of the association since 1982.

Spectron, the global commodities brokerage, and IntercontinentalExchange((R)) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that Spectron has joined the ICE eConfirm((R)) Broker Matching Service for OTC transactions.

Post-trade matching of precious metals extended across all metal trade transactions

Misys plc (FTSE: MSY.L), the global application software and services company, today announces it has extended its Confirmation Matching Service to cover the additional asset class of base metals within its Metals Suite. This extended capability within Misys world-leading matching engine brings more benefits to customers performing any metal trade.

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of the ISDA US Wind Event Confirmation template, which standardizes natural catastrophe swaps referencing US Wind Events.

The template enables users to hedge against losses from natural catastrophes or to gain exposure to new risk taking opportunities. The document applies to US wind events but can be used by counterparties globally.

Reducing the backlog of confirmations of derivatives contracts remains a big problem for our industry.

Christoper Natale of Sapient explains how far we have come in reducing the confirmation backlog and suggests what the industry needs to do to tackle this problem in the current market climate and to meet the commitments made by the Operations Management Group.

Xtrakter, the market utility, is pleased to announce the arrival of TRAX iMatch. TRAX iMatch is the next generation in trade matching and confirmation solutions for the capital market, offering subscribers remote access to the TRAX community for the very first time.

TRAX iMatch is a new remotely hosted trade matching solution from Xtrakter, allowing market counterparties access to the TRAX community without the need to build dedicated gateways or interfaces. It provides all the capabilities of TRAX v2.9 but on a demand basis only.