Latest News
TABB Group is expanding its European operations with the establishment of new office space in the City of London. As the final countdown to MiFID II begins, TABB’s new UK office enables the firm to expand its reach in Europe and provide high-touch local client support to meet evolving customer and industry requirements.
For more than a decade, TABB has examined the impact and challenges associated with MiFID and other regulatory initiatives that affect global market participants. By listening to and engaging with the industry, TABB has been able to translate the firm’s deep industry knowledge into practical application to
- 09/08/2017
Thomson Reuters has integrated and enhanced its robust research capabilities on its flagship financial desktop Eikon to help financial institutions manage impending MiFID II research unbundling requirements, set to be implemented in January 2018.
These are part of a series of research unbundling solutions that Thomson Reuters will continue to make in 2017 through new products and third-party partnerships.
The new Thomson Reuters MiFID II Entitlements Solution features upgraded entitlement granularity to meet brokers’ flexible segmentation requirements. It provides seamless entitlement request and response functionality for the sellside and buyside through our Research Management Console, and a comprehensive Research Entitlement
- 09/08/2017
Hedge funds extended their gains for the year and were up 0.92 per cent during the month of July according to preliminary figures released by EurekaHedge. Underlying markets meanwhile, as represented by the MSCI AC World Index (Local), were up 1.64 per cent over the same period.
On a year-to-date basis, managers gained 4.32 per cent while underlying markets were up 9.41 per cent.
EurekaHedge writes: “Returns were largely positive across the board with all key regional mandates in the green with emerging market mandates excluding Eastern Europe & Russia delivering the best returns. The US economy continues to
- 09/08/2017
Last month, hedge funds posted their strongest performance since January as 2017’s performance drivers – Equity Hedge, Technology, Healthcare and Emerging Markets – led the way, according to HFRI.
The HFRI Fund Weighted Composite Index (FWC) gained 1.2 per cent in July, the ninth consecutive monthly gain and the 16th in the trailing 17 months, bringing YTD performance +4.8 per cent and extending the record Index Value to 13,571.
As previously reported by HFR, total hedge fund assets increased to USD3.1 trillion to conclude H1 2017, as the industry experienced net capital inflows for first time since Q3 2015.
- 08/08/2017
Otterbourg PC has appointed Jason I Miller (pictured), as a member in the firm’s specialty finance group. His practice focuses on commercial finance matters such as asset based lending, cash flow lending, middle market, factoring, leveraged finance, first and second lien loans and term loans. He joins Otterbourg from Blank Rome LLP.
Miller represents many leading institutional lenders, including major national and international commercial banks, finance companies, private equity groups, mezzanine lenders and independent factors.
“Jason has a strong practice and is a perfect fit for our specialty finance group,” says Richard L Stehl, Otterbourg’s chairman. “He is smart,
- 08/08/2017
- 08/08/2017
By Eze Castle Integration – Keeping up with the myriad of cyber security requirements expected of today’s financial firms is a daunting – and sometimes unachievable – task. This list continues to grow in size and scope, and remembering how often to perform tests or when to change passwords is a growing challenge for CTOs and business execs responsible for technology.
To assist in guiding your firm with its cyber plan implementation, we’ve outlined a basic calendar of security reminders to help you stay on track. Listed in order of frequency, here’s how often you should plan to take these
- 08/08/2017
Global advisory and fund administration fund Maitland is to acquire Guernsey-based Designated Manager, R&H Fund Services (Guernsey) Limited.
Other Rawlinson & Hunter businesses in the Channel Islands, including R&H Trust Co (Guernsey) Limited, Rawlinson & Hunter Limited and R&H’s Jersey businesses, have an entirely separate ownership structure and do not form part of the transaction.
Maitland, named Best Multi-Family Office and Best Wealth Planning Team at the Wealth Adviser Awards 2017, will offer its full range of Institutional Client Services through the Guernsey office, including long-only fund administration, transfer agency, hedge funds, private equity and real estate administration services
- 08/08/2017
- 08/08/2017
The dollar continued to depreciate against major currencies over the recent weeks, in a context where the US administration has struggled to gain reform momentum in the health care and fiscal areas; according to the latest Weekly Brief from Lyxor’s Cross Asset team.
The company writes that this is having far reaching market implications. In particular, this has contributed to fuel the rally in emerging market assets, both equities and fixed income, as local currency appreciation (vs the dollar) has disinflationary effects and provides ample room for monetary accommodation. Over the recent weeks, South Africa, Colombia, Brazil and India cut
- 08/08/2017
Euronext has signed binding terms with LCH SA, LCH Group and London Stock Exchange Group for the continued provision of clearing services for its derivatives products for a period of 10 years.
Euronext and LCH SA will work together to develop new products for the benefit of clearing members and market participants.
As part of the agreement, Euronext will swap its current 2.3 per cent stake in LCH Group for an 11.1 per cent stake in LCH SA, subject to regulatory approvals and other customary conditions. LCH SA is a leading multi-asset CCP, based in the Eurozone, with substantial
- 08/08/2017
The US CFTC has issued an Order filing and settling charges against The Bank of Tokyo-Mitsubishi UFJ (BTMU) for engaging in spoofing a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade.
This included futures contracts based on United States treasury notes and Eurodollars.
The Order finds that BTMU engaged in this activity through one of its employees (Trader A), who accessed these markets through a trading platform from one of BTMU’s Tokyo offices. The Order requires BTMU to pay a USD600,000 civil monetary penalty and to cease and desist from violating the
- 08/08/2017
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