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In July 2017, the European Energy Exchange (EEX) achieved a total volume of 186.0 TWh on its power derivatives markets (July 2016: 244.0 TWh).
The July volume comprised 75.3 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
In Phelix-DE Futures, EEX reached its highest volume so far at 15.0 TWh. The steady increase shows that the product is well recognised by the market participants. The products for the Eastern-European markets which have been tradable at EEX since June 2017 contributed 2.1 TWh to
- 02/08/2017
Cheyne Capital, the London-based alternative asset manager, has launched a new sub-investment grade credit business, SVC.
The team will be run by Anthony Robertson, formerly Head of Leveraged Finance at BlueBay Asset Management, who joins as CIO of the strategy. Also joining are David Lofts as Portfolio Manager and Head of Trading and Origination, and Senior Analysts Jacopo Rubbia and Jorge Lazaro, with further hires joining in the coming months.
The business has been formed to take advantage of investment opportunities resulting from the changing market backdrop and growing investor interest for tailored closed-end solutions to credit allocations. The
- 02/08/2017
AcadiaSoft Inc, a provider of margin automation solutions for counterparties engaged in collateral management worldwide, has launched AcadiaSoft Expert Services, a suite of consultative offerings designed to support firms as they comply with new regulations.
AcadiaSoft’s ISDA SIMM Approval Guidance, a service providing firms a streamlined, expert-driven process to help obtain permission from regulators to use the ISDA SIMM for Initial Margin (IM) calculations, launches today as the first available offering within Expert Services.
“AcadiaSoft has extensive experience in risk, collateral and change management and its partners are expert in risk modelling, valuation, back testing and validation,” says Chris
- 02/08/2017
London based investment manager Helford Capital Partners has launched a new AIFM fund manager hosting platform aimed at investment professionals looking to launch their own fund under the Alternative Investment Fund Manager Directive (AIFMD).
The platform offers prospective managers a fast and highly cost effective ‘turnkey’ solution to starting their own fund. Helford also provides an on-going & full hands-on support service including regulatory hosting and oversight, plus full marketing and investor relations management.
Helford Capital Partners announced in a statement today that the new Manager Platform will fill the niche that currently exists between fund platforms (most of
- 02/08/2017
Pzena lnvestment Management has expanded its usage of Indata’s Intelligent Portfolio Management software suite by upgrading to Epic Data API, a new solution launched in May 2017.
Pzena Investment Management is a global investment management firm based in New York with offices in London and Melbourne. A publicly held firm listed on the NYSE, Pzena has more than USD33 Billion in AUM.
Pzena, an Indata OMS and front-to-back office software client since 2001, had been looking for ways to better integrate, view and report on both internal and external data sources for use in marketing, reporting and investor presentations. A significant
- 02/08/2017
GSK Stockmann has added Arne Bolch to the firm’s Luxembourg team of partners alongside Dr Marcus Peter, Andreas Heinzmann, Dr Philipp Mössner and Mathilde Ostertag, as a new local partner.
Arne Bolch has been working in Luxembourg for more than 11 years in the Luxembourg office of Allen & Overy and more recently at Clifford Chance as counsel. His main areas of expertise include fund formation advice for alternative investment funds (AIF) as well as traditional retail (UCITS) funds. He also assists clients in fund related M&A transactions and general investment fund and regulatory law matters. In the past, Arne advised initiators
- 01/08/2017
Risk assets were again on the rise in July and several asset classes broke records. Last week, the S&P 500 reached an all-time high, while the spot VIX index reached an all-time low. The MSCI World (net total return local currency index) is up for the ninth month in a row, which was unseen since 1987; according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.
Meanwhile, European high yield spreads reached 10-year lows according to Merrill Lynch indices. The latest leg of the risk assets rally is taking place amid a strong earnings season on both sides of the
- 01/08/2017
Adjusted profit before tax (PBT) at Man Group was USD145 million for teh first six months of 2017, an increase of 38 per cent on the H1 2016 figure of USD98 million, according to the company’s latest interim results.
Funds under management meanwhile increased to USD95.9 billion in the period up USD 80.9 billion for the end of December 2016, while net inflows totalled USD8.2 billion, up from USD1 billion for the same period in 2016.
Luke Ellis (pictured), Chief Executive Officer of Man, says: “The first half of 2017 has been one of solid performance with 4% growth in management fee
- 01/08/2017
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
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