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Nasdaq has signed an agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong's main derivatives market, including trading, clearing and real-time risk management technologies.
The agreement also extends the existing relationship for an additional five years. HKEX and Nasdaq have been technology partners since 1994.
Under the agreement with HKEX, Nasdaq will deliver a new multi-asset trading technology engine (Nasdaq Multi Matching Engine), a state-of-the-art multi-asset derivatives clearing engine and a real-time risk management solution (Nasdaq Clearing Engine and Nasdaq Real-Time Risk), which will increase performance, speed, flexibility and resiliency of trading and
- 12/04/2017
The European Energy Exchange (EEX) will launch financially settled power futures for Germany against the background of a possible split of the German-Austrian price zone.
The new products will be available for exchange trading and trade registration as of 25 April 2017 and will provide additional trading and hedging opportunities compared to the existing Phelix Futures product suite.
The product offering will comprise base and peak contracts with a monthly, quarterly and yearly maturity. The new German power futures will be settled against the common German-Austrian Day-Ahead auction price until the potential split and, in case it becomes effective,
- 12/04/2017
- 12/04/2017
The Lyxor Hedge Fund Index was up 0.9 per cent in March, with seven out of 10 Lyxor indices in positive territory, according to the latest Lyxor Alternative Investment Industry Barometer.
Long-short (L/S) equity and global macro managers outperformed, supported by exposures to European markets.
Fixed income managers thrived from relative value across government bond yield curves.
Conversely, long term CTAs were hit by lower 10Y UST.
“Consequences from the inflection in rates and inflation are already showing. Asset prices increasingly trading in line with their fundamentals and multiple themes, which would favour hedge funds in Q2,”
- 12/04/2017
Thomson Reuters has launched QA Point, a cloud-based application that enables asset managers to use quantitative approaches in making investing decisions designed to increase productivity and create better results and accelerated internal collaboration.
QA Point uses a point-and-click interface and access to Thomson Reuters content.
Portfolio managers continue to look for new ways to optimise the risk/return profile of their investment strategies, including the use of quantitative models. However, this presents challenges for traditional asset management firms that generally do not have highly technical “Quants” needed for quantitative analysis work, particularly for backtesting of models. Furthermore, increased pressure from
- 12/04/2017
Hedge fund intelligence provider Sanostro is teaming up with IFS Independent Financial Services to develop tailored solutions for pension funds and other institutional investors in Switzerland.
IFS is a specialised consultant and asset manager with a dedicated team focusing on solutions for institutional investors and large private investors.
“We are very happy about this cooperation. With IFS’s experience, client knowledge and implementation power we will be able to structure highly targeted solutions for sophisticated investors like pension funds,” says Vincent Couson (pictured), partner at Sanostro.
“We see Sanostro as a highly innovative partner in the space of dynamically
- 12/04/2017
- 12/04/2017
Global Merces has selected FundCount, a Boston-based provider of accounting and investment analysis software, to support the firm’s fund administration operations.
FundCount provides a single integrated interface through which Global Merces will be able to calculate and manage the firm’s partnership and general ledger accounting activity. The solution’s automated features will streamline workflow and improve overall operational efficiency.
Global Merces is an Australia-based investment management firm that designs, builds and operates managed hedge funds on behalf of investment managers. he firm offers Responsible Entity, custodial, full trustee, back-office administration and other funds management services.
“FundCount offered a cost-effective
- 11/04/2017
MainFirst, an independent German-headquartered European financial services firm specialising in equity brokerage, capital markets and asset management, has completed the migration to Torstone’s middle and back office platform, Inferno.
Inferno is Torstone’s core post-trade processing platform, a multi-asset, multi-entity system, covering trade capture, confirmation, settlement, accounting and reconciliation.
MainFirst chose to implement Torstone’s Inferno in August 2016, following a pilot project which included German specific confirmations and transaction reporting, as well as connectivity to Deutsche Boerse. MainFirst went live on Inferno in March 2017, migrating all post-trade processing away from the incumbent third party system.
Michael Lange, partner,
- 11/04/2017
- 11/04/2017
Hedge funds gained 0.34 per cent during the month of March, bringing its first quarter performance to a gain of 2.29 per cent, according to the latest Index Flash Update from EurekaHedge.
Underlying markets, as represented by the MSCI AC World Index (Local) gained 0.79 per cent during the month, with first quarter gains of 5.06 per cent.
March was marked by investor scepticism over the Trump administration as proposed healthcare reforms to replace Obama's Affordable Care Act did not meet intended outcomes. This led to an overall cautious sentiment in the market over the administration's ability to deliver
- 11/04/2017
SEI has welcomed three new participants to Codify, the company’s new Regulation Technology (RegTech) incubator. Codify is the first London-based incubator designed solely for financial regulation technology developers.
The incubator provides participants with crucial business resources and development opportunities, including office space in SEI’s UK headquarters for a minimum of four months, providing access to SEI’s extensive in-house resources and exposing them to a number of financial services sectors.
Mentoring from both SEI employees and third-party experts across various disciplines is also part of the package. External mentors include Jason Boud of the RegTech Forum, executives from leading RegTech start-ups, and
- 11/04/2017
- 11/04/2017
American Century Investments has expanded its suite of liquid alternative investment strategies with the AC Alternatives Disciplined Long Short Fund, which is aimed at clients and investors who are seeking equities with potentially lower volatility.
"AC Alternatives Disciplined Long Short is a welcome addition because it's another way to help clients strive to mitigate risk in their portfolios," says Cleo Chang (pictured), senior vice president and head of alternative investments for American Century Investments. "We also believe long short strategies can provide important diversification with the potential for more consistent returns over a full market cycle."
The fund is
- 11/04/2017
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