All news

Mark Goodman, head of quantitative electronic, Societe Generale

AlphaY plugs liquidity gap using derivatives & Delta One hedging flows

Thu, 06/06/2013 - 11:47

The decision for Société Générale to launch a dark pool trading platform, AlphaY, in April 2012 arose from a desire to access liquidity in a safe environment that the firm felt was not readily available externally. »

Not all dark pools are created equal

Thu, 06/06/2013 - 11:44

Under current MiFID regulation, pre-trade transparency waivers are used to allow non-displayed trading venues to forego the need to publish bids and offers prior to execution. With average trade size falling on these venues, often referred to as dark pools, there is a feeling among regulators and indeed exchanges, that these venues are having a negative impact on price discovery and liquidity. »

Volumes grow but will regulation dampen spirits?

Thu, 06/06/2013 - 11:40

By James Williams – Dark pools exist in a variety of forms to serve a variety of clients. In the US they are referred to as an alternative trading system (ATS). In Europe they include multilateral trading facilities (MTFs) – alternative trading venues that sprang out of MiFID regulation in 2007 – broker-owned pools called Broker Crossing Networks (BCNs) or “internalisers”. Not to mention independent dark pool operators like Liquidnet that connect buy-side to buy-side institutions. »

AmBank turns to Murex for market risk governance and compliance framework

Thu, 06/06/2013 - 11:28

AmBank Berhad, part of Malaysia’s AmBank Group, has gone live with the latest version of Murex’s MX.3 Market Risk Solution. »

IndexIQ hedge fund replication indices negative in May

Thu, 06/06/2013 - 11:14

All seven of IndexIQ’s hedge fund and alternative beta replication indices saw negative performance in May. »

KPMG hires Constance Hunter as chief economist for alternative investments practice

Thu, 06/06/2013 - 10:04

KPMG, the US audit, tax and advisory firm, is adding more depth to its alternative investments practice by hiring Constance Hunter, an economic thought leader and former portfolio manager, as its chief economist, alternative investments. »

Jayesh Punater, founder and chief excutive of Gravitas

Gravitas launches Risk-as-a-Service for hedge funds

Thu, 06/06/2013 - 10:00

Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing, risk analytics and research support to the alternative investment industry, has chosen the IBM Risk Analytics engine to provide Risk-as-a-Service for emerging and mid-sized hedge funds. »

Hedge funds up 0.7 per cent in May, says HFRX Global Hedge Fund Index

Thu, 06/06/2013 - 06:50

Hedge funds were up 0.7 per cent for May and 4.6 per cent year-to-date, as measured by the HFRX Global Hedge Fund index. »

MarketAxess reports trading volume of USD65.2bn in May

Thu, 06/06/2013 - 06:03

MarketAxess has reported total monthly trading volume for May 2013 of USD62.5bn on its electronic trading platform. »

Chris Momsen, executive vice president, sales and solutions management at Advent

Advent releases new versions of Advent Portfolio Exchange and Moxy

Wed, 05/06/2013 - 16:01

Advent Software has launched new releases of its portfolio management software, Advent Portfolio Exchange (APX), and Moxy, the firm’s trade order management system, and the associated solutions including Advent Rules Manager, Advent Revenue Center and Tradex. »