Latest News
The London Metal Exchange (LME) has executed the first voice-brokered trade of its LME Steel Scrap contract. The trade was executed on 4 May 2016 by INTL FCStone Ltd on behalf of Stemcor.
The new additions to the LME’s ferrous suite – LME Steel Scrap and LME Steel Rebar – have seen considerable support from the market since their launch in November 2015. 35,990 tonnes (3,599 lots) of scrap and 9,600 tonnes (960 lots) of rebar have been traded since the contracts launched. A new single-trade record of 1,000 metric tonnes (100 lots) of scrap was set in last Wednesday’s
- 10/05/2016
iCapital Network, an online platform that provides high-net-worth investors and their advisors with streamlined access to a curated selection of private investments, has added three senior members to the firm’s distribution team.
Eileen Duff joins the firm as Head of Distribution from Credit Suisse, where she was Head of Alternative Investments, North America. Peter Montgomery, most recently with the Alternative Investments group at Credit Suisse, and Ryan Van Geons, most recently Vice President with Fidelity Investments, both join as senior members of the Distribution team.
“We are extremely pleased to welcome Eileen, Peter and Ryan, each of whom brings a
- 10/05/2016
Bridgehouse Asset Managers is expanding its partnership with Greystone Managed Investments with the launch of a new global equity growth portfolio based on an existing institutional Global Equity Pooled Fund.
The fund is ranked No1 by the Mercer Pooled Fund Survey for Canadian Institutional Investors for performance in the institutional global equity category as at 31 December, 2015.
The Greystone Global Equity Fund is concentrated with 40 to 80 of Greystone's best stock ideas from around the world. The fund is available in a currency hedged or unhedged series.
"Investors want an all-weather growth investment that remains more consistent in
- 10/05/2016
Copeland Capital Management has appointed Sofia A Rosala (pictured) as General Counsel and Chief Compliance Officer. Rosala comes to Copeland from Aberdeen Asset Management, where she served as US Counsel and Deputy Head of Compliance.
Earlier in her career Sofia was a Senior Associate for Morgan, Lewis & Bockius and prior to that she was Vice President and Corporate Counsel at SEI Investments. Sofia holds a JD from Temple University School of Law and a BA in International Relations and Economics from the University of Pennsylvania.
"We are thrilled to add someone of Sofia's caliber and level of experience to
- 10/05/2016
SR Labs, a specialist in trading and market data technology, has launched the SuperFeed Compressed Data Feed which is designed to support direct feed based, electronic trading applications.
The new solution addresses client requirements including a full range of trading firms, the buy-side, and retail brokers, in allowing consumption of low latency data through lower bandwidth connectivity including cloud and internet solutions. The new compression technology also enables market participants, outside of the main data centre hubs, to benefit from SuperFeed’s data quality through a bandwidth profile that works for them.
SR Labs have deployed Solace Message Router Appliances
- 10/05/2016
The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Cunningham Commodities, LLC (Cunningham), a registered Futures Commission Merchant (FCM) based in Chicago, Illinois.
The Order finds that Cunningham violated CFTC’s Regulations that require an FCM to immediately report to the CFTC any deficiency in its customer segregated account or the targeted residual interest in its customer segregated account and require an FCM to submit daily reports to the CFTC for positions held by certain large traders (Large Trader Reports) whose accounts are carried by the FCM.
The Order also finds Cunningham’s Controller
- 10/05/2016
Euronext is to launch the first physically-deliverable futures contract for nitrogen solution in Autumn 2016. Aimed at the European market, this new contract will complement the Group’s commodity futures offering.
It will enable Euronext to offer users a comprehensive suite of tools to manage price risk and cover their overall positions more efficiently, for both agricultural inputs and for grains and oilseeds such as wheat, rapeseed and corn.
Combining both urea and ammonium nitrate, UAN-30[1] solution is a common element of the family of nitrogen-based fertilisers used throughout the agricultural industry. Euronext will offer a physically delivered future traded
- 10/05/2016
PivotalPath, an independent hedge fund research and technology platform, has appointed Abigail Corcoran as its Director of Strategic Solutions, responsible for the firm’s product and business development efforts as well as managing client relationships.
PivotalPath has invested significantly in research and technology in recent years to develop PivotalBase, a cloud-based hedge fund research portal which has been gaining traction in the institutional investor community. Currently, PivotalBase provides hedge fund investors with access to information and proprietary analysis on over 650 funds and plans to increase that number in the near term. The firm is off to a strong start this
- 10/05/2016
Cowen Group has completed its previously announced acquisition of CRT Capital Group’s credit products, credit research, special situations and emerging markets units. Financial terms of transaction have not been disclosed.
Cowen Group, is a diversified financial services firm and, together with its consolidated subsidiaries, provides alternative asset management, investment banking, research, sales and trading and prime brokerage services through its two business segments: Ramius and its affiliates make up the Company’s alternative investment segment, while Cowen and Company and its affiliates make up the Company’s broker-dealer segment.
- 09/05/2016
As many as 29 out of 562 US municipal bond funds currently carry an exposure to Puerto Rican bonds greater than 5 per cent, some with an estimated exposure approaching 50 per cent.
This assessment is based on research conducted by MPI (Markov Processes International), specialists in the systematic analysis of factors influencing investment performance, which provides analytics and reporting solutions to the financial services industry.
With the Governor of Puerto Rico recently announcing the possibility of further defaults, MPI analysed the return streams of the 562 funds, examining all of the municipal bond categories in Morningstar using its factor-analysis
- 09/05/2016
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