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The US Commodity Futures Trading Commission (CFTC) has issued a report detailing the results of a supervisory stress test of five major clearinghouses based in the US and the UK, and the results for all five proved positive.
The purpose of the analysis was to assess the impact of a hypothetical set of extreme but plausible market scenarios across multiple clearinghouses and their clearing members.
The analysis, which covered CME Clearing, ICE Clear Credit, ICE Clear Europe, ICE Clear US, and LCH Clearnet, encompassed cleared futures and options, interest rate swaps, and credit default swaps, and found that clearinghouses
- 17/11/2016
Nearly half (48 per cent) of respondents to a survey by State Street Corporation and the Alternative Investment Management Association (AIMA) say that decreased market liquidity is a secular shift that is here to stay.
Regulations stemming from the 2008 financial crisis, coupled with historically low interest rates and slow rates of growth in the global economy, have constrained the ability of many banks to perform their traditional roles as market makers, which in turn has impacted broader market liquidity conditions.
More than three-fifths of the survey respondents say current market liquidity conditions have impacted their investment management strategy,
- 16/11/2016
Law firm Mourant Ozannes has advised 836 funds in Jersey with an overall value of USD302 billion, nearly triple the value of funds advised by its nearest competitor, according to independent annual research by Monterey Insight.
Mourant Ozannes leads the tables across all major categories, including largest legal advisers by total number of funds, and by fund assets.
Ben Robins (pictured), Jersey-based global head of funds at Mourant Ozannes, says: "This year's report evidences continued growth in our market share during a period of market volatility, indicating that Jersey's industry remains healthy and is capable of adapting quickly in
- 16/11/2016
- 16/11/2016
IPC, a provider of communications and networking solutions for the financial markets community, has enhanced its network capabilities in Russia.
IPC's points-of-presence (PoPs) in Moscow have been enhanced to support all of IPC's channel solutions including the firm's flagship extranet service, latency sensitive managed Ethernet service and MPLS corporate WAN solution.
The announcement was made at an exclusive client event attended by senior industry leaders at the prestigious Swissotel Krasnye Holmy hotel in Moscow and follows closely on the heels of IPC announcing that it has extended its Financial Markets Network service portfolio to its Connexus platform.
IPC's
- 16/11/2016
Linear Investments, a FCA-approved boutique prime broker, has appointed TFG Financial Systems for the provision of real-time margin reporting.
In addition, TFG will be adding its trademark real-time portfolio analytics to the Linear offering.
This will be extended to Linear’s hedge fund clients, enabling them to carry out sophisticated pre-deal margin and impact risk assessments.
Linear Investments is a provider of prime broking services for medium-sized hedge fund managers that are not being supported by larger prime brokers.
“At Linear we have found there is tremendous value to be offered to funds in terms of proper trading
- 16/11/2016
John S Weinberg has joined Evercore as chairman of the board and executive chairman.
He joins a senior management team that now includes Roger Altman, who will become founder and senior chairman, and Ralph Schlosstein, president and chief executive officer.
Both Altman and Schlosstein will remain on the board of directors.
Weinberg (pictured) most recently was vice chairman of Goldman Sachs Group from June 2006 to October 2015. He was co-head of global investment banking from 2002 to 2014. Before that he was co-head of investment banking in the Americas. At Goldman Sachs, Weinberg provided strategic and financial advice to a
- 16/11/2016
EFG Hermes and Saxo Bank have formed a partnership which will enable full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One.
The new platform will grant clients one-click access to financial instruments in both multiple Middle East and North Africa (MENA) markets as well as global exchanges.
The platform will enable more investors to explore investment opportunities and access global capital markets. EFG Hermes One also incorporates real-time market intelligence from EFG Hermes Research’s global team and international insights from Saxo’s strategy team.
EFG Hermes One is the first service
- 16/11/2016
Man AHL, Man Group’s diversified quantitative investment manager, has launched the second annual Man AHL Coder Prize, a coding competition for students with a top prize of GBP5,000.
The Man AHL Coder Prize, which launched last year for students in the UK and Ireland, is now also open to entrants based in the EU or Switzerland, who are aged 16-25 and in full time education.
Entrants will be tasked with writing code using Python, the programming language which Man AHL uses for its systematic models, to control a player for Man AHL’s homemade game HiveMinder.
The seven coders
- 16/11/2016
Polen Capital is to add an international growth strategy to its suite of products in early 2017, providing clients with another access point to the firm’s bottom-up, concentrated investment philosophy and process.
Todd Morris (pictured), director of research at Polen Capital, has been appointed as portfolio manager of the new international growth strategy, effective December 2016.
In his role as director of research, Morris was responsible for globalising the firm’s research effort and leading the execution of research for the focus growth and global growth strategies.
Brandon Ladoff, who joined Polen Capital in 2013 and has served as
- 16/11/2016
IPC, a provider of communications and networking solutions, has joined the Equinix Cloud Exchange (ECX) to provide access via its Connexus Cloud solution to cloud providers available in Equinix International Business Exchange (IBX) data centres in North America, Europe and Asia Pacific.
Customers can access the Equinix eco-system of more than 500 cloud service providers delivered via IPC's Connexus Cloud, a private financial markets network with over 200,000 users across 6,000 market participant locations in 700 cities.
Through the Equinix Cloud Exchange, IPC is able to provide the benefits of the cloud to customers adopting SaaS offerings while leveraging
- 16/11/2016
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