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Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, is to connect to London Stock Exchange Group’s UnaVista Approved Reporting Mechanism (ARM).
The service will allow users of Torstone’s new InfernoRC (Regulatory Compliance) module to comply with the transaction reporting obligations of the Markets in Financial Instruments Regulation (MiFIR).
Inferno clients will be able to fulfil all of their transaction reporting requirements by sending data through Inferno and into UnaVista’s ARM. UnaVista will be connected to all required National Competent Authorities (NCAs) in Europe so firms will be able to address all the
- 31/01/2017
The Lyxor hedge fund index was up 0.5 per cent last week, with CTAs and global macro managers outperforming, according to Lyxor’s latest weekly brief.
Fixed income arbitrage managers also did well, in a context where rates implied volume has remained elevated since the Republican victory at the US election.
On a negative note, event driven underperformed. Positions on Rite Aid, a retail pharmacy chain targeted by Walgreens Boots Alliance, contributed negatively to performance on the back of anti-trust concerns.
According to Lyxor though, another mega merger in the pharma sector is set to boost event driven performance.
- 31/01/2017
PortfolioScience, a provider of on-demand risk management systems, has launched a Factor Index Construction Toolset via the company's RiskAPI Enterprise platform, which allows users to dynamically construct factor indices based on dozens of fundamental, technical and statistical metrics.
In addition to several highly customisable index construction methodologies, the system also provides detailed index constituent quantile analysis, allowing users to inspect and understand constituent behaviour and contribution to construction, valuation, and historical performance.
"The RiskAPI factor index toolset allows users to fully control the valuation and construction process of factor indexes critical to exposure analysis," says Ittai Korin, PortfolioScience's founder
- 31/01/2017
Lightspeed Institutional, a division of Lightspeed Trading, is broadening its offering to institutional traders by launching a new prime brokerage division.
As part of this launch, Lightspeed has added senior staff to help meet the needs of its small to mid-size hedge fund clients.
Lightspeed Trading has an agency trading desk and technology offering. It is now broadening its reach to the institutional market with products and services for the established as well as the start-up hedge fund by launching its prime brokerage division.
Lightspeed Institutional has appointed Craig Aronoff as executive vice president of prime brokerage services.
- 30/01/2017
Value Partners Ireland Fund Plc, an Irish UCITS umbrella serviced by HSBC, has been approved to commence investing in China via the Shenzhen-Hong Kong Stock Connect.
On 5 December 2016, the Shenzhen Stock Exchange and the Stock Exchange of Hong Kong launched the Shenzhen-Hong Kong Stock Connect programme, enabling mutual market access between China and Hong Kong.
Since then, the Central Bank of Ireland (CBI) has been actively reviewing the legal and operational regime supporting Stock Connect and the market infrastructure through which China-A shares are acquired and held.
HSBC has worked closely with the CBI in respect
- 30/01/2017
AGF Investments has launched AGFiQ Asset Management (AGFiQ), a quantitative investment platform powered by a multi-disciplined team that combines investment professionals across AGF and its affiliates from Highstreet Asset Management and FFCM.
"Innovation has always been at the heart of AGF, dating back to our founders 60 years ago. We were built on the principles of creating a company that was innovative, focused on clients and driven by superior investment management," says Blake C Goldring, chairman and chief executive officer, AGF Management. "The launch of AGFiQ and our offering of ETF solutions is yet another milestone in our commitment to
- 30/01/2017
Chicago-based RJ O'Brien & Associates (RJO) has promoted Thomas Texier to the new role of managing director of its London-based affiliate, RJ O'Brien Limited (RJO Limited).
Texier, who has served as chief operating officer of RJO Limited since the Chicago-based parent firm acquired The Kyte Group in March 2015, has more than 20 years of management experience in the industry, including 13 years at Kyte and five at Societe Generale.
Gerald Corcoran, RJO chairman and chief executive officer, says: "I've spent extensive time over the past six months in our London office with the goal of ensuring that we
- 30/01/2017
- 30/01/2017
The European Energy Exchange (EEX) is offering an improved service to its Iberian members with the opening of a new office in Madrid.
Brigitte Caboulet, who has played a key role in the recent rapid growth of EEX market share in Spain, will be joined by Alvaro Reyes Diaz in servicing the local market needs.
Steffen Köhler (pictured), chief operating officer of EEX, says: “When it comes to traded volumes, Spain is now our fourth-biggest market after Germany, Italy and France. Therefore, it is important for us to stay in close contact with the market participants and to extend
- 30/01/2017
- 30/01/2017
Fund management company and alternative investment fund manager (AIFM) FundRock Management Company has opened an office in Dublin, which will be headed up by Ross Thomson.
Thomson has nearly 20 years of fund industry experience in Luxembourg and Canada.
FundRock has also made two initial hires from the Dublin market in order to strengthen its local presence, knowledge and relationships.
Following the market uncertainty created in the investment management sector post-Brexit, FundRock is opening an Irish office to service its clients’ needs and capitalise on the significant rise in UK-based deal flows.
Revel Wood (pictured), CEO of
- 30/01/2017
US Commodity Futures Trading Commission (CFTC) acting chairman J Christopher Giancarlo has appointed Amir Zaidi to lead the division of market oversight (DMO).
In addition, Vincent McGonagle has been appointed as the acting director for the division of enforcement (DOE), while Jeffrey Bandman will step down from his role as acting director of the division of clearing and risk (DCR) to become an adviser on issues related to financial technology. John Lawton, a 36-year employee of the commission, has taken over as acting director of DCR.
Giancarlo says: “During my time at the CFTC, I have been impressed by
- 30/01/2017
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