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FlexTrade Systems, a provider of multi- asset execution management systems, has launched TradeGuide – a way of visualising and presenting trade data in the company’s FlexTrader multi-asset execution management system (EMS). TradeGuide is a series of pre-defined web components sitting directly in the FlexTrader multi-asset EMS. It offers pre-trade and in-flight feedback on orders.   TradeGuide draws in data from multiple sources, which is interpreted with conclusions presented in an easy to digest format.   Rather than rely on the traditional row and column table format, TradeGuide introduces a new way of visualising trade data.   The initial release of
Scipion Capital, a commodity trade finance investment manager, has appointed Paul Baker as head of trade finance to oversee all of the company’s trade functions. In this newly created role, he will report to the firm’s chief investment officer, Nicolas Clavel.   Baker (pictured) brings to Scipion 30 years’ experience in identifying, structuring and closing trade finance facilities.   Before joining Scipion, Baker spent eight years at Sumitomo Mitsui Banking Corporation Europe (SMBC), where he was an assistant general manager in the firm’s structured trade and commodity finance department. Prior to this, Baker was director for metals and mining in the
Lyxor Asset Management has appointed Laurent Renaud as chief executive in Japan, effective immediately. He replaces Toshiro Kubozono who has retired after nine years in the role.   Based in Tokyo, Renaud (pictured) reports to Lionel Paquin, chief executive officer of Lyxor Asset Management, and locally to Raphael Cheminat, group country head for Japan, Societe Generale.   In his new role, Renaud manages Lyxor’s subsidiary in Japan. His main task is to develop Lyxor’s franchise locally, through building on Lyxor’s strengths – particularly in ETF and indexing and in multi-management – and further enhancing cross-selling opportunities with the large client base of
The European Energy Exchange (EEX) has conducted the first primary market auction under the new CAP2 contract on behalf of the participating 25 EU member states. In the auction, 3,664,000 EU Allowances (EUAs) were sold at a price of 4.02 Euro/EUA.   The total bidding amount was 6,705,000 EUA which means that participants demanded more than two-fold the determined volume.   In July, the European Commission has signed a contract with EEX and its clearing house European Commodity Clearing (ECC) for running European-wide primary market emissions auctions for another period of up to 5 years. Until the end of this
August was characterised by muted volumes and volatility across most asset classes. Hedge funds generated small, positive returns, with the HFRX Global Hedge Fund index gaining 0.2 per cent for the month.   GAM portfolio manager Anthony Lawler, says: “The headline hedge fund index eked out a small gain and continues its winning streak, now positive for each of the past six months. However, the strategy level indices generated mixed performance, with event driven traders the main beneficiaries of ongoing market stability, while the HFRX Macro/CTA Index was a notable detractor as several trends stalled and reversed.”   The HFRX
European Commodity Clearing (ECC) has introduced a new membership model – the Direct Clearing Participant Model (DCPM). The new model will allow trading participants to have direct access to trading and clearing of spot markets without the requirement of a clearing member which enables a greater number of players, in particular the smaller participants, access to wholesale spot markets and further increasing depth of liquidity.   Initially, the model will be available to the Dutch and Belgian EPEX power spot markets with France, Germany, Switzerland and Austria scheduled to follow by the end of 2016.   It will be extended
Just one of the MVIS family of six investable long/short equity indices recorded positive performance in August. The MVIS Emerging Markets Long/Short Equity Index recorded a return of 0.15 per cent while the other five indices all finished the month in negative territory.   The month’s biggest loser was the MVIS Asia (Developed) Long/Short Equity Index, down 0.84 per cent, followed by the MVIS Global Event Long/Short Equity Index and the MVIS Western Europe Long/Short Equity Index (both -.0.17 per cent), the MVIS Emerging Markets Long/Short Equity Index and the MVIS Global Long/Short Equity Index (both -0.15 per cent) and
Cowen Prime Services prepares to launch its platform in London in the coming weeks with prime brokerage and outsourced trading, among the high-touch services that will be on offer to European hedge fund managers. London is the latest focus of attention for Cowen Prime Services as it looks to expand its network beyond North America.  “We believe that there is a real opportunity for Cowen Prime Services to enter the European market and be successful. Since Concept Capital Markets LLC was acquired by Cowen Group, Inc., last September, we’ve continued to invest heavily in the business,” comments Mike Rosen, Cowen’s
Avelacom has established a point of presence (PoP) in the new DataSpace data centre in close proximity to the Moscow Exchange (MoEx), allowing the firm to optimise customer access to the exchange’s electronic systems. DataSpace, Russia’s first Uptime Institute certified Tier III Gold data centre, will begin serving as a primary data centre facility for MoEx from November 2016.   Between now and the end of October, Avelacom, will be helping its clients to move their low latency infrastructure from current data centres to DataSpace.   Avelacom has also optimised its metro area fibre network to shorten route distance from
Aquila Capital is expanding its advisory board with the appointment of Daniel Just (pictured), chairman of the executive board at Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund. Just has chaired the executive board at BVK since 2013 and previously headed BVK’s asset management division.   Under his tenure the pension fund established real asset investments as an integral part of its portfolio allocation and was one of the first signatories to the UN principles for responsible investment (UN PRI).   Bayerische Versorgungskammer is the competence and service centre for occupational and communal pension schemes. As a public authority of

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