Latest News
ETC Global Group, on behalf of its subsidiary companies, ETC Global Holdings, Electronic Transaction Clearing, and Electronic Transaction Clearing Canada (collectively ETC); has entered into a new financing facility which will provide up to USD68 million in committed capital.
The Financing is being provided by certain affiliates of Cerberus Capital Management and Quantlab Investments. Proceeds from the Financing will allow ETC to immediately expand its United States and Canada broker dealer clearing operations and position the Company for further growth into new asset classes including options and FX, new product offerings including prime brokerage and stock loan, and other geographical
- 01/08/2017
Neptune, the Fixed Income network for real-time “axe” indications, has added Rabobank (Rabo) and TD Securities (TD) to its network and board. Rabo and TD become the 23rd and 24th participating banks on the network.
The Neptune network provides a venue for investors to consume the highest quality bond axes/inventory data from their most trusted Bank counterparts. This enables institutional investors to be more effective and targeted when looking to execute large size orders in products such as corporate and emerging market bonds.
Twenty-one bond dealers are already live on the network, providing axe information in real-time on over 30,000
- 01/08/2017
- 01/08/2017
Intercontinental Exchange is planning to launch a new London Silver Daily Futures contract on 5 September, 2017, pending regulatory review. The contract offers physical delivery of unallocated silver held in a London Precious Metals Clearing Limited vault.
The launch of the Silver Daily futures contract coincides with the recent news that ICE Benchmark Administration (IBA) has been chosen as the new administrator for the LBMA Silver Price Auction, which is expected to commence in autumn 2017. The Daily Futures contract will enable participants in the LBMA Silver Price Auction to exchange their auction positions for cleared futures contracts held with
- 01/08/2017
Westchester Capital Management (WCM), a registered investment adviser focusing on liquid alternative investment strategies, has added two members to its team to support its expanding lineup of alternative investment funds.
Reny Mathew, who joined as Associate Director of Sales and Investor Relations, will focus on investor relations and the advisor channel. JT Fucigna has joined as Managing Director of Business Development and will focus on national and regional wirehouse relationships. Both will be based in WCM’s Valhalla, New York office.
“Even in bull markets, investors continue to demonstrate an appetite for solutions to potentially reduce portfolio risk with an
- 01/08/2017
New York and Hong Kong-based alternative asset manager, Crystal Century Investment, is planning to expand its global platform into Japan under approval of the Japanese government’s Financial Services Agency.
The company has been granted a license to provide alternative investments and asset management services to accredited investors, with operations expected to commence from a Tokyo location during November 2017.
To complement its global presence, Crystal Century Investment will open the Tokyo office as the company expands its investment offering at a time when many investors are faced with what the company calls limited options in the US equity and
- 01/08/2017
After just ten days in the job, Anthony Scaramucci, well-known in the hedge funds industry as the founder of Skybridge Capital, has exited his short-lived role as President Donald Trump’s communications director.
After a tumultuous week marked by infighting within President Trump’s team, White House press secretary Sarah Huckabee Sanders said on Monday: “Antony Scaramucci will be leaving his role as White House Communications Director. Scaramucci felt it was best to give chief of staff John Kelly a clean slate and the ability to build his own team.”
Scaramucci’s short tenure was marred by press interviews in which he
- 01/08/2017
Sanne is enhancing its technology and product development capabilities with the appointment of a new Director of Product Development.
The global provider of financial services has appointed Sam Metland to the role to help further strengthen client services, with a particular focus on product development and technology. He is based in London, but will draw on his more than 10 years of industry experience that has seen him also spend time in New York, Luxembourg, Singapore and the Channel Islands.
“Sam is well known in the alternative asset community and we will benefit from his industry knowledge and experience
- 01/08/2017
- 01/08/2017
Compliance and data analytics firm SteelEye has joined London Stock Exchange’s UnaVista Partner Programme with the aim of providing a cohesive, end-to-end technology-based solution to help firms meet their regulatory obligations under MiFID II and other key regulatory directives.
UnaVista is a regulatory reporting and data integrity platform that offers a range of business services designed to help firms optimise efficiency and minimise operational and regulatory risk across all asset classes. With 50,000 established platform users, it processes in excess of five billion transactions annually. SteelEye and UnaVista’s combined expertise and services will provide firms with a comprehensive, market-leading, technology-based solution
- 31/07/2017
- 31/07/2017
Recovery in southern Europe’s markets and stronger performance by manufacturing exporters have delivered for Quaero Capital’s value-driven European Smaller Companies strategy in recent months.
Corporate confidence indicators have continued to improve across Europe as the fears of political risk have given way to the resurgence of the political mainstream, supporting manufacturing exporters which are more sensitive to the economic environment.
With family ownership being particularly prevalent in the ‘Mittelstand’ exporters of Europe, the strategy’s sectoral exposure is well suited to this ‘Goldilocks’ scenario of firmer growth without inflation, according to the managers.
Quaero’s European Smaller Companies Team, writes:
- 31/07/2017
Financial regulators across the globe are cracking down heavily on cases of individual misconduct, according to the 5th annual Global Enforcement Review published by the Compliance and Regulatory Consulting Practice of Duff & Phelps.
Regulators in the UK, USA and Hong Kong brought a total of 1,761 cases against individuals in 2016, equivalent to almost seven cases for every working day of the year, as enforcement actions against individuals outnumbered those against firms four to one.
Of the six global regulators assessed across three continents (the UK’s FCA and PRA, the US’ FINRA, CFTC and SEC and Hong Kong’s
- 31/07/2017
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