Latest News
The US Commodity Futures Trading Commission (CFTC) has issued Orders of Registration to five foreign boards of trade (FBOT), allowing them to provide identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
The five FBOTs are Eurex Deutschland; CME Europe (CMEEL); CE Futures Europe (IFE); The London Metal Exchange (LME); and London Stock Exchange (LSE).
Eurex, IFE and LME previously offered direct access to US participants in accordance with CFTC Letters 99-48; 99-69; and 01-11. According to CFTC regulation 48.6, these no-action letters are automatically withdrawn with the
- 01/11/2016
By James Williams (pictured) – The private equity secondary market has experienced significant growth in deal volumes and investor interest in recent years. According to Cogent Partners, secondaries volume was USD22.5 billion in 2010. This rose to USD27.5 billion in 2013, and reached USD42 billion in 2014. Last year, deal flow was estimated to have reached USD40-50 billion.
As SEI stated in its paper Private Equity Liquidity: A Work in Progress, (www.seic.com/enUK/im/15106.htm) the growth of the secondary market has probably had more impact on private equity liquidity than any other development to date. This then, is an area of the market that has experienced a significant deepening of liquidity.
- 01/11/2016
By Alan Chu (pictured), Meyler Capital – There’s a high concentration of Scotch distilleries in Scotland: over 100 fully-licensed operations in a country with a population of < 5.5 million people. To put it in perspective, there are more Scotch whisky distilleries than there are McDonald’s outlets in Scotland. On top of that, there are plenty more start-up distilleries entering the fray each year.
Scotch whisky has been around for a long time, with the majority of big-names having existed since the 1800s. It’s not easy for new entrants to penetrate the market.
It’s gone through its fair share of
- 01/11/2016
SS&C Technologies has released a new web-based application for Tamale RMS, which is designed to provide a secure browser experience and help front office professionals connect with their research anytime, anywhere.
The release also features tools for viewing, filtering and searching within proprietary research, and a dynamic relationship tree to view correlated research.
Users can create new investment ideas and contacts remotely, attach documents and access plugins to Microsoft Office and Adobe Applications. Over 20 early adopter clients have embraced Tamale's new functionality.
The latest web application recently went live with Swift Run, a global investment manager and
- 01/11/2016
- 01/11/2016
Nimbrix has launched a Blockchain enabled platform and created an industry consortium with KPMG and Microsoft which will bring to market a reinvention of financial services software.
As the investment industry grapples with fee pressure and increased regulatory scrutiny, the Nimbrix consortium is bringing to market an investment platform and eco-system which aims to reshape financial services and save investment firms millions of pounds annually.
The Nimbrix buy-side platform is designed to leverage Cloud, open-API, Software as a Service (SaaS) and Blockchain technology.
Nimbrix is run in a cloud using Microsoft Azure. This allows for seamless integration with
- 01/11/2016
Public pension funds look set to continue following the lead set by CalPERS and other high profile schemes by pulling out of hedge funds, says Don Steinbrugge of Agecroft Partners.
CalPERS was the first high profile public pension to pull out of hedge funds, and was followed a year and a half later by one of the New York City retirement plans. Recently, the number of public pension funds exiting or reducing their hedge fund exposure has accelerated.
Agecroft Partners believes this trend will increase over the next 12 months due to growing political pressure on investment staffs of
- 01/11/2016
Hedge fund data provider HFR is at an advanced stage of working with one of the large global derivatives exchanges to develop a new investment product, the HFRI-I futures contract, a contract based on the HFRI-I Fund Weighted Composite Investable Index. The firm writes that once launched, this will be an industry first.
The thinking behind the contract is that allocating to individual hedge funds requires extensive research and substantial capital which can be tied up for long periods. Marc E Denogent, HFR Asset Management’s Managing Director says: “When people allocate to hedge funds, they often have a considerable time
- 31/10/2016
- 31/10/2016
A Thomson Reuters report reveals that 88 per cent of financial institutions will work strategically across regulatory agencies over the next two years.
Financial institutions are recognising the benefits of harmonised approaches to data management, enabling them to leverage data commonalities that exist across multiple global regulations. The major benefit identified by 79 per cent of respondents was consistency of data across the business, followed by organisational efficiencies (63 per cent), cost savings (50 per cent) and a reduction in data sources used (44 per cent).
These findings underscore a shift in the mindset of leading financial institutions with respect
- 31/10/2016
The London Metal Exchange (LME) and Henry Bath, whose shareholders include CMST Development and Mercuria Energy, have set up a pilot programme for the launch of the LMEshield commodities safeguarding system in China.
During the pilot programme, which will run for a period of one year, Henry Bath will issue receipts on the LMEshield system.
Receipts will initially be issued for bonded warehouses in Shanghai, with the intention of expanding to other Chinese locations.
The deployment in the PRC is based on the existing LMEshield system, allowing commodities owners and lending banks to hold and finance Chinese commodity
- 31/10/2016
- 31/10/2016
Nasdaq and SIX Swiss Exchange have extended their current technology contract, which includes X-stream INET Trading technology for all SIX markets, including equities, ETFs, structured products, funds and fixed income, as well as SMARTS Market Surveillance and Nasdaq Pre-Trade Risk Management.
In addition, the new SIX Swiss Exchange At Midpoint (SwissAtMid) dark pool was launched on Nasdaq trading and surveillance technology earlier this month.
The two companies have been partners for more than 10 years.
"We are delighted to extend our successful technology relationship with Nasdaq," says Christoph Landis (pictured), division CEO, SIX Swiss Exchange. "Our broadly diversified international client base
- 31/10/2016
Special Reports
FeatureD
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
- Intel
- April 15, 2024
- Intel
- April 12, 2024
- Intel
- April 11, 2024
- Intel
- April 10, 2024
- Intel
- April 9, 2024
