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ICE Benchmark Administration (IBA) has appointed Dame DeAnne Julius, a founding member of the Monetary Policy Committee of the Bank of England, as a director.
The appointment is effective immediately.
Julius’ appointment has been approved by the Financial Conduct Authority (FCA) and she joins the following directors on the board of IBA: André Villeneuve, chairman, IBA; Mary John Miller, chairperson of the IBA Nominating Committee; Rod Paris, chief investment officer, Standard Life Investments; Michel Prada, chairperson of the IBA Audit and Risk Committee; David Goone, chief strategy officer, Intercontinental Exchange; and Finbarr Hutcheson, president, IBA.
“I am delighted
- 28/07/2016
Marex Financial, part of the Marex Spectron Group, which offers financial and brokerage services for the commodity markets worldwide, has become a general clearing member (GCM) of European Commodity Clearing (ECC).
Admission as a GCM allows Marex Financial to provide clearing services for all non-clearing members of ECC and to customers of Marex Spectron Group. The clearing license covers the ability to clear all products and markets cleared by ECC.
"We already have a long-term customer relationship with the broker Marex Spectron and are very pleased that its subsidiary is now engaged as a clearing member as well,” says
- 28/07/2016
The global private credit market, an alternative source of financing for small and medium sized enterprises, is flourishing with institutional capital supporting increased lending in Europe in particular, according to a report by the Alternative Credit Council (ACC) and Deloitte.
The private credit market has grown from USD440 billion last year to USD560 billion today.
The research, Financing the Economy 2016, found that institutional capital is boosting lending in Europe and much of this growth has been driven by demand from European businesses. However, the US still remains the largest private credit market, both in terms of overall assets
- 28/07/2016
- 28/07/2016
Euronext has reported its most profitable quarterly results since its initial public offering (IPO) with revenue in the second quarter of 2016 increasing by 1.7 per cent to EUR132.3 million from EUR130.1 million a year earlier, driven by strong performance in the listing and market data businesses.
This performance more than offset slower trading conditions in the company’s cash and derivatives businesses, which saw lighter volumes as investors reduced risk exposure ahead of the UK referendum on 23 June 2016.


Quarterly operational expenses excluding depreciation and amortisation decreased by 9 per cent to EUR54.6 million (Q2 2015: EUR60 million). These
- 28/07/2016
The entire team of Larch Lane Advisors is to join Fierra Capital, boosting the US division of Fiera Capital Corporation's existing capabilities in alternative investing and adding expertise in alternative investment management, risk management, fund accounting and firm operations.
The Larch Lane team is expected to join Fiera Capital on 1 September when Fiera Capital will become the adviser for Larch Lane's existing investment strategies.
"Bringing the Larch Lane team on board is an ideal way to develop our alternative investment capabilities in the US and add a distinguished team of professionals to our US division," says Jean-Guy Desjardins (pictured), chairman
- 28/07/2016
- 28/07/2016
Intellect Design Arena has launched Intellect OneMARKETS, an end-to-end platform encompassing the complete spectrum of securities trading and asset services.
The platform aims to provide financial institutions with three key advantages – speed, single integrated view and straight-through-processing.
Intellect OneMARKETS is the only end-to-end integrated platform to be provided by any technology player. The platform supports Direct Market Access (DMA), covers the full investment life-cycle and enables high-speed execution across a variety of asset classes and market segments through seamless interfaces to a variety of market infrastructure providers. It ensures regulatory compliance in different jurisdictions, supports multi-lingual reporting and
- 28/07/2016
FlexTrade Systems, a specialist in multi-asset execution and order management systems, has appointed Shane Remolina (pictured) as director of sell-side OMS technologies for North America.
Based in the company’s headquarters in New York, Remolina will head sales and business development for FlexTrade’s sell-side OMS solutions.
According to Remolina, trading technology for the sell-side is ripe for disruption via innovation.
“Many firms are faced with intensified cost pressures due to operations, regulations and technology, and must differentiate themselves in order to increase market share,” he says. “FlexTrade is ideally positioned to provide that differentiation. This is accomplished in two ways. First and
- 28/07/2016
Hathersage Capital Management, a global macro investment manager specialising in G10 currencies and absolute returns, has appointed veteran foreign exchange executive Andrew Wilkoff to the the newly created position of executive director and senior portfolio manager.
Wilkoff, 48, will join the firm on 15 August and will report to Bill Lipschutz, chief investment officer and head of portfolio management.
“Andy adds great experience and depth to our portfolio management team and to the continued growth of Hathersage,” says Lipschutz.
Wilkoff comes to Hathersage from Standard Chartered Bank, where he was executive director/global investor sales in FX since 2014.
- 28/07/2016
Banks are battling the rising cost of running their bond businesses by increasingly favouring a riskless-principal or order-driving trading model that leaves the responsibility to determine the best price for a bond increasingly shifting to pre-trade and real-time price modelling, according to TABB Group research on credit trading.
As a result, increased transparency requirements, along with the proliferation of execution protocols and venues, are beginning to outpace the ability of participants in the global bond markets, making fixed income transaction cost analysis (TCA) tools essential for the buy-side to validate investment decisions.
TABB’s research, “Best Execution in Fixed Income:
- 27/07/2016
KCG Holdings is to acquire Neonet Securities, an independent agency broker and execution specialist based in Stockholm, from its shareholders Hay Tor Capital, KAS BANK and Cidron Delfi Intressenter Holding.
Financial terms of the deal have not been disclosed.
Founded in 1996, Neonet provides a suite of advanced algorithmic trading, smart order routing and sales trading primarily in European equities across 30 public and private markets to approximately 200 clients in more than 20 countries. Neonet strives to deliver transparent execution services to banks, brokers and financial institutions with an optimised balance of quality and cost.
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- 27/07/2016
- 27/07/2016
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