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HedgeCoVest is to provide The SMArt Xchange (SMArtX) exclusively to SS&C’s client base of advisers using Axys, APX, or Black Diamond.
This integration is designed to allow for seamless, sleeve-level reporting and portfolio accounting of all SMArtX accounts through adviser-focused SS&C technology solutions.
SMArtX grants SS&C Advent advisers exclusive access to a UMA/SMA offering that provides intra-day liquidity on almost 150 investment strategies. Advisers gain access to long only, long/short, and options strategies, which are allocated into a single brokerage account. The SMArtX service uses proprietary technology to maintain a real-time record of investment managers’ activity and automatically creates
- 03/02/2017
CME Group has reported revenue of USD913 million and operating income of USD540 million for the fourth quarter of 2016.
Net income was USD373 million and diluted earnings per share were USD1.10.
On an adjusted basis, net income was USD387 million and diluted earnings per share were USD1.14. Financial results presented on an adjusted basis for the fourth quarters of 2016 and 2015 exclude certain items, which are detailed in the reconciliation of non-GAAP results.
Total revenue for full-year 2016 was USD3.6 billion and operating income was USD2.2 billion. Net Income was USD1.53 billion and diluted earnings per
- 03/02/2017
- 03/02/2017
Instinet has added two new tools to its Plazma online account management platform – Vendor Search and Credit Tracker.
Vendor Search helps users to efficiently find research providers by searching multiple categories, including sectors and specialities.
Credit Tracker, designed to be MiFID II ready, helps provide customers with functionality to track and manage Commission Sharing Agreements and Research Payment Accounts.
Instinet Europe is authorised by the Financial Conduct Authority (FCA) as a payment institution, and provides cash management services that are consistent with the RPA approach.
Plazma has undergone a refresh making it easier to navigate, which
- 02/02/2017
A market correction could provide some longer-term benefits, says Nathan Flanders, managing director, Fitch Ratings…
Mention the words ‘market correction’ and reactions range from mild worry to outright concern among most market participants. However, a number of different types of investment managers may actually welcome hearing those words, as a market correction could provide some longer-term benefits.
Why is it that a market correction, which we define as a temporary decline in asset values of approximately 10 per cent, could benefit a business model primarily predicated on delivering positive returns to investors? The answer is that despite the short-term performance
- 02/02/2017
PEGAS registered a total volume of 165.7 TWh in January 2017, thanks to a record-breaking month on its spot segment with 86.4 TWh.
The previous record was 75.1 TWh in December 2016.
Spot trading volumes in January reached 86.4 TWh, which represents an increase of 65 per cent compared to the previous year (52.5 TWh).
This record volume was supported by high marks on most PEGAS Spot Hubs.
The Dutch market area TTF registered a record volume with 19.5 TWh (previous record: 19.3 TWh in December 2016).
The German delivery zones recorded a total volume of
- 02/02/2017
Euronext has published its first Biotech Barometer, a quarterly tool that offers an insight into major trends in biotechnology companies, which includes only companies offering diagnostics and therapies listed on Euronext markets.
Designed in partnership with Biotech Bourse, the barometer shows performance indicators, investor interest and market sentiment specifically for this sector.
Biotech is a key sector for Euronext: between 2012 and 2016 the number of biotech companies listed on its markets rose from 12 to 45, with a market capitalisation of nearly EUR12 billion. The Biotech Barometer is designed to showcase this fast-moving sector. In addition to providing
- 02/02/2017
CIP Capital has formed Compliance Solutions Strategies (CSS), a provider of technology-enabled regulatory and compliance solutions to the financial services industry.
The CSS platform was created through CIP Capital’s investments in three businesses in the governance, risk management and compliance (GRC) market – Advise Technologies, Ascendant Compliance Management and The MoneyMate Group.
CIP Capital believes this strategic combination will result in a global platform that leverages software across a broad range of solutions to enable clients in the financial services industry to meet mandatory regulatory and compliance requirements.
The CSS platform provides a technology-enabled offering encompassing regulatory
- 02/02/2017
- 02/02/2017
London-based International Asset Management Limited (IAM) has been investing in hedge funds since 1989. Over that time it has seen a great deal of change in the industry, honing its technique for uncovering talented fund managers with a clearly defined investment edge.
That experience has proven crucial given the tough time that hedge funds have had since 2012; a period since when unparalleled central bank intervention has made the process of generating investment alpha harder than ever.
“In terms of what we look for in a manager, it focuses on differentiation, predominantly in the liquid side of the market,” says
- 02/02/2017
Former US Securities and Exchange Commission (SEC) and Department of Justice (DoJ) attorney Lionel André (pictured) is joining Murphy & McGonigle as partner in the firm’s Washington DC Office.
"I am honoured and privileged to have been admitted as a partner in a premier Tier One Law Firm with such an impressive group of prominent lawyers,” says André, who brings more than 25 years of government experience to the firm, with thousands of hours logged prosecuting some of the country’s most strenuous cases.
Most recently, André served as Assistant United States Attorney in the Fraud and Public Corruption Section in
- 02/02/2017
Irish Funds is working with industry participants and Deloitte to develop a blockchain proof of concept for regulatory reporting.
The project, which will focus on the Resident Investment Fund Returns (Money Market & Investment Funds Returns Reporting – MMIF) regulation, will result in the design and development of a proof of concept leveraging blockchain and smart contract technology to create a platform for regulatory reporting accessible to the reporting entity as well as a regulator.
This proof of concept will test the application of blockchain for enhanced compliance, increasing transparency and to determine the cost benefit of the technology.
- 02/02/2017
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