Latest News
PEGAS, the pan-European gas trading platform operated by Powernext, is to enable 24/7 trading for its spot spread contracts as of 22 September 2016.
The availability of spread products on a continuous basis completes the range of PEGAS spot contracts.
PEGAS currently offers location spread products between its Belgian, Dutch, French, German, Italian and UK market areas. All spread products will be tradeable 24/7 from then on, with the exception of ZEE/NBP.
A total volume of 15.9 TWh was traded for all spot spread contracts during the first half of 2016, which represents a growth of 11 per
- 19/09/2016
London-based alternative manager Selwood Asset Management is marking its first anniversary since launch and has had an increase in assets to USD350 million.
Selwood AM is focused on liquid Investment Grade Credit in Europe and North America. The strategy aims to maintain a market neutral profile while embedding tail hedge features against extreme market scenarios. The firm was founded in 2015 by credit specialist Sofiane Gharred, and in January 2016 Selwood brought in Malcolm Butler (ex-Citi and COMAC Capital) to build out the business.
Now Sofiane Gharred and Malcolm Butler head-up a team of 11 professionals, bringing with them
- 19/09/2016
- 19/09/2016
In the first of a five-part series, SEI discusses the impact of five disruptive technologies and how they can be applied to the financial industry. The first of these five trends relates to IBM Watson, and the power of cognitive computing.
Cognitive computing and machine learning capabilities are becoming so great that even Elon Musk has raised concerns.
Speaking recently at Recode’s Code Conference, he said: “I don’t know a lot of people who love the idea of living under a despot,” the inference being that self-awareness super-computers could become a malign force; think creepy-voiced HAL9000 in the seminal movie,
- 19/09/2016
As Project Sentinel completes the first round of assessments of potential technology partners, the initiative has seen an increase in consortium numbers from the original four to seven banks to eight to 10 in the current phase.
The initiative to mutualise the cost of MiFID II implementation in the OTC front office is now moving forward with its plans to create a best-of-breed technology solution in collaboration with its short-listed vendors, which include software development houses as well as off-the-shelf suppliers.
The process started with a long list of 40 vendors, which has now been whittled down to two potential solutions.
- 19/09/2016
Artivest, a tech-driven investment platform providing access to alternative investments, has appointed Jon Feigelson as general counsel and chief compliance officer.
Feigelson joins from TIAA, where he most recently served as senior managing director, general counsel, head of regulatory affairs, and director of corporate governance.
At Artivest, Feigelson will be responsible for providing strategic, regulatory, and transactional legal counsel across the firm's alternative investment offerings.
Feigelson brings over 20 years of legal, compliance, and governance experience in the financial services industry to Artivest. Prior to TIAA, Feigelson served as managing director and general counsel for ABN AMBRO Bank's
- 19/09/2016
Wedbush Securities’ prime brokerage team has been voted "Best North American Hedge Fund Research Provider" at the Hedgeweek USA Awards 2016.
The annual awards ceremony, which took place in New York, recognises excellence among service providers and hedge fund managers globally, and acknowledges distinction in over 50 award categories.
The awards are determined by a "peer review system," where industry professionals, including managers at fund administrators, institutional and high net-worth investors, prime brokers, and advisers, elect a "best-in-class" in a series of categories (http://www.hedgeweek.com/awards).
"We are honoured and greatly appreciate the recognition we have received from Hedgeweek USA,"
- 19/09/2016
Gemini Alternative Funds has won the 2016 Hedgeweek USA Award for Best North American Managed Account Platform.
Representatives from Gemini Alternative Funds were on hand to accept the award at a ceremony in New York City on 15 September 2016.
Institutional investors and fund managers who read Hedgeweek voted online to choose winners of the publication's annual awards. Gemini Alt's dedicated managed account offering and its Galaxy Plus Fund Platform offering received more votes from these audiences than any other contender in the North American managed account platform category. Gemini Alt's platform was launched in November, 2013 and services
- 19/09/2016
The UK’s HM Revenue & Customs (HMRC) has designated the Gibraltar Stock Exchange (GSX) as a recognised stock exchange under the Income Tax Act 2007 (ITA).
The designation extends to the entire Gibraltar Stock Exchange and is a significant development that allows GSX to expand its services and offering to issuers.
In particular, HMRC recognition extends eligibility to the UK SIPPs and ISAs market for GSX-listed securities.
The decision follows recognition of GSX by ESMA in January 2015 and the Cayman Islands Monetary Authority (CIMA) in March 2015.
Nick Cowan (pictured), managing director of GSX, says: “GSX’s
- 16/09/2016
Governance, risk and compliance services provider Cordium has appointed Stephen Squire (pictured) as vice president, head of broker-dealer consulting.
Squire will be working out of Cordium’s San Francisco office.
Squire brings a wealth of insight into the broker-dealer space based on two decades of experience in the industry. Prior to joining Cordium, Squire worked at FINRA while attending law school. He has also served as the head of legal and compliance for a variety of broker-dealers and investment advisers.
His experience also includes tenures with several regional securities firms throughout the country. In 2013, Squire started his own consulting
- 16/09/2016
The Chicago Board Options Exchange (CBOE) is planning to launch options on the FTSE Emerging Index on 26 September 2016.
The FTSE Emerging Index is a market-capitalisation weighted index representing the performance of large and mid-cap companies from advanced and secondary emerging markets.
The FTSE Emerging Index (FTEM) includes approximately 972 securities from 22 countries, as of 31 August 2016, and covers a range of industries, from commodities to banking to technology.
The index is derived from markets within the FTSE Global Equity Index Series (GEIS), which gives investors a comprehensive way to measure the performance of the
- 16/09/2016
Special Reports
FeatureD
- Intel
- April 19, 2024
- 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
