Holland Grant, BISX

Securities exchange an added dimension to Bahamas financial industry

By Holland Grant – The Bahamas International Securities Exchange (BISX) was established as a private, for-profit company in September 1999 and is the only securities exchange in The Bahamas to be regulated under the Securities Industry Act, 2011.  »


Investments

Hedge funds turn cautious on high yield, says Lyxor

Markets keep grinding higher with equities buoyed by corporate earnings in the US and sovereign bond yields undeterred by the appetite for risk assets. »


Gavel and scales

CFTC charges Lloyds over LIBOR manipulation

The US CFTC has issued an order against Lloyds Banking Group and Lloyds Bank, bringing and settling charges for acts of false reporting and attempted manipulation of the London Interbank Offered Rate (LIBOR) for Sterling, US Dollar and Yen. »


Gavel and law books

Former Harbinger COO to settle SEC charges

The former chief operating officer (COO) at Harbinger Capital Partners is to settle SEC charges that he assisted a scheme by the firm and its owner Philip A Falcone to misappropriate millions of dollars from a hedge fund they managed. »


Electronic trading floor

Nasdaq OMX Clearing appoints BNY Mellon to provide US Treasury clearing and custody

Nasdaq OMX Clearing has appointed BNY Mellon to provide EMIR-compliant clearing and custody services for US Treasuries within the Nasdaq OMX Group’s new European clearing business. »


Money and calculator

ESMA consults on counterparty risk calculation methods for UCITS subject to central clearing

The European Securities and Markets Authority (ESMA) has launched a consultation on the calculation of counterparty risk by UCITS which enter into OTC derivative transactions that need to be centrally cleared under the European Markets Infrastructure Regulation (EMIR). »


Gavel

Citigroup ATS business unit charged over confidential subscriber data failings

The Securities and Exchange Commission (SEC) has charged a Citigroup business unit operating an alternative trading system (ATS) with failing to protect the confidential trading data of its subscribers. »


Fiona Le Poidevin

Guernsey Finance chief quits to head up CISE

Fiona Le Poidevin has resigned as chief executive of Guernsey Finance, the promotional agency for the island’s finance industry internationally, to head up the Channel Islands Securities Exchange (CISE). »


Risk

Atreaus Capital selects SunGard’s Hedge360 Risk Reporting Service

New York-based macro hedge fund manager Atreaus Capital is now live with SunGard’s Hedge360 Risk Reporting Service. »


Eric T Schneiderman

Barclays mounts robust defence against dark pool allegations

Barclays has firmly rebutted the claims made against it by Eric T Schneiderman (pictured), the New York Attorney General, over the operation of its dark pool with a robust defence of its practices. »


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