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FIX Trading Community, the industry-driven standards body for global financial trading, has released new guidelines for the use of FIX in post-trade processing for multi-asset classes and a common post-trade framework.
The FIX Global Post-Trade Working Group has been focusing its efforts on how best to resolve the inefficiencies in post-trade workflow for a number of years. Following on from its work with cash equities, the working group assessed a number of different asset classes and how variations in workflow can create issues. Frequent trade breaks and slow resolution times can have a commercial impact as well as have adverse effects
- 08/08/2016
Marc Lenaers has been promoted to managing associate in Ogier’s Luxembourg office.
Lenaers advises global clients and investment managers on a wide range of regulated and unregulated investment vehicles, including mutual funds, hedge funds, private equity, real estate and debt funds. He is in charge of setting up and restructuring Luxembourg investment funds tailored to the clients’ needs.
Prior to joining Ogier, Lenaers was head of legal fund engineering in a major bank and senior associate in a Luxembourg law firm, where he was in charge of the investment funds practice of the New York representative office.
Luxembourg
- 08/08/2016
Kettera Strategies has added three new managers to its Hydra marketplace – ADG Capital, AE Capital and Deep Field Capital.
Hydra provides investors with manager access, notional funding, daily transparency and twice monthly liquidity to established and emerging alternative asset managers.
“Allocators, investors and managers are finding real value by coming together on Hydra,” says Jon Stein, CEO of Hydra’s operator, Chicago-based Kettera Strategies. “One thing that distinguishes us in addition to managers that are strong veterans, is that we focus globally on strategies that are unique and diversifying. The addition of ADG, AE and Deep Field to Hydra
- 08/08/2016
Hedge funds posted gains for the fifth consecutive month in July, the longest positive streak since 2013, driven by equity hedge and event-driven strategies, as equity and credit markets recovered Brexit losses.
The HFRI Fund Weighted Composite Index (FWC) advanced 1.7 per cent for the month, increasing the index value to 12,644.12 and bringing the YTD gain for the FWC to +3.0 per cent, according to HFR.
All four main strategy indices were positive for July as gold surged, equities extended their recovery, and bond yields declined on a combination of moderation in global growth forecasts, as well as
- 08/08/2016
MG Stover, a full service alternative investment fund accounting and administration firm, has appointed Seth Altman (pictured) as director of hedge funds and family offices.
The firm has also promoted Josiah Reich, previously the director of hedge funds and family offices, to chief financial officer.
Altman will join MG Stover’s senior management team and will lead firm’s growth and client service initiatives specific to its hedge fund and family office clientele.
Altman has 12 years of experience in the alternative investment industry. He began his career at Deloitte & Touche in New York City where he audited banks,
- 08/08/2016
Societe Generale Prime Services reports that CTAs continued their good performance from June with all CTA indices posting positive returns in July.
The SG Trend index, measuring the performance of the largest ten trend-following based CTAs, was the best performing index for July but year to date still remains behind the CTA Index, which is a broader measure of the largest 20 CTAs, with a year to date return of 5.53 per cent.
Short term traders, despite posting the lowest monthly returns amongst the indices in July, are still leading performance year to date, with a year to date
- 05/08/2016
- 05/08/2016
The FICC Markets Standards Board (FMSB) has appointed Gerry Harvey as its first Chief Executive Officer. Gerry Harvey has 30 years’ experience in the wholesale financial markets and extensive experience in the regulatory field.
Mark Yallop, Chair of the FICC Market Standards Board (FMSB), says: “I am delighted Gerry is joining the FMSB. He has a deep knowledge of business practices, market structures and regulation in the fixed income, foreign exchange and commodities markets. We couldn’t have found a better person to lead the FMSB through the next stages of its journey raising standards across wholesale markets.”
Harvey says:
- 05/08/2016
Societe Generale has appointed Ramir Cimafranca as Head of Prime Services in Japan, effective immediately.
Based in Tokyo, he reports locally to Koji Shimamoto, Director and Executive Vice President, Societe Generale Securities Japan Limited and regionally to James Shekerdemian, Head of Prime Services, Asia Pacific and Global Head of Prime Brokerage Sales.
In his new role, Ramir will develop Prime Services in Japan which is composed of Prime Brokerage & Clearing, Global Execution Services and Cross-Asset Secured Financing.
This appointment follows the successful integration of Newedge in Japan in May this year. With Societe Generale's recognised expertise in Global Markets
- 05/08/2016
Vattenfall Energy Trading Netherlands NV has become a Liquidity Provider on the European Energy Exchange (EEX) Derivatives Market for Emission Allowances.
The Dutch trading entity of Vattenfall is admitted for trading on the spot and futures markets for emission allowances and will support liquidity in the EUA Futures market.
"We are very pleased to welcome Vattenfall NV as the new Liquidity Provider,” says Steffen Köhler (pictured), Chief Operating Officer of EEX. "This strengthens the price quality in our order book and makes our market place more attractive for other market participants."
Andreas Gelfort, Head of Benelux, UK Power and Emissions
- 05/08/2016
The US Commodity Futures Trading Commission (CFTC) has announced two separate actions on how the rules related to the Dodd-Frank Wall Street Reform and Consumer Protection Act apply to cross-border transactions.
Specifically, the CFTC issued a Final Response to District Court Remand Order in Securities Industry and Financial Markets Association, et al. v. United States Commodity Futures Trading Commission. Also today, the CFTC’s Divisions of Swap Dealer and Intermediary Oversight (DSIO), Clearing and Risk, and Market Oversight (Divisions) issued a time-limited no-action letter that extends relief, which was originally provided in November 2013 and subsequently extended, to swap dealers registered
- 05/08/2016
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