Latest News
CME Group has reported record revenue of USD934 million and record operating income of USD574 million for the first quarter of 2016. Net income was USD368 million and diluted earnings per share were USD1.09.
Adjusted for non-recurring items, net income would have been USD390 million and diluted earnings per share would have been USD1.151.
"Our record first-quarter financial performance was driven by our highest quarterly average daily volume to date, including record volumes in energy, overall options and electronic options," says CME Group Executive Chairman and President Terry Duffy (pictured). "We delivered record revenue and operating income, and 17
- 28/04/2016
- 28/04/2016
Managed Funds Association President and CEO Richard H Baker has released a statement after the Securities and Exchange Commission voted to issue for public comment a proposal for the creation of a consolidated audit trail designed to gather increased information for regulators to conduct research, reconstruct market events and monitor market activities.
“MFA and MFA Members support the overall objectives of a consolidated audit trail as a way to enhance regulators’ ability to oversee our modern markets,” says Baker. “However, implementing a system to track this unprecedented level of customer and trading data must be done in a cost-effective manner.
- 28/04/2016
- 28/04/2016
Tradition Group is planning to launch Elixium, a new EU-regulated Multilateral Trading Facility (MTF) for collateral and secured deposits, in May 2016.
Elixium has been developed to address the growing need for a transparent, open to all, peer-to-peer, regulated marketplace. It seeks to address the growing liquidity concerns that have emerged as a result of changes in regulation and the subsequent composition and availability of balance sheets.
Elixium uses a standardised legal structure, uniform collateral schedules and an underlying credit matrix which allows for rapid counterparty diversification and helps spread counterparty risk to provide a solution that brings all market
- 28/04/2016
- 28/04/2016
Broadridge Financial Solutions has launched its new Solutions Partner Program, a global channel sales initiative that enables leading consulting, technology and servicing firms to offer expanded technology solutions that leverage the company’s suite of products and services as well as resell its solutions into select customer accounts.
Broadridge has hired 20-year industry veteran Ira Newman to lead the Program.
Broadridge’s Solutions Partner Program provides a flexible forum for partners, including consulting, technology and servicing firms, to develop new offerings, explore common customers and reach new clients. It offers partner firms global access to proven technology solutions across Wealth Management,
- 28/04/2016
Barak Fund Management, an Africa-focused alternative fund management company, has chosen TFG Financial Systems to provide it with TFG Complete, TFG’s fully integrated middle office and risk management system.
TFG will be supporting two new Barak funds, investing in the commodities and forex markets respectively.
Barak is a specialist in commodity-focused investment opportunities and trade finance across the sub-Sahara African region. Based in Mauritius (with the Advisory team sitting in South Africa), Barak invests across 30 African countries, with particular focus on the soft commodities and food product-related sectors.
Lourens Harmse (pictured), Fund Manager of the new Barak Sarafu African
- 28/04/2016
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Daniel Trentacosta as Sales Director.
Trentacosta will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions across hedge funds, fund of funds and private equity/real estate funds. These solutions include fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, FX and wider banking services. He will report to John Sergides, Managing Director, Global Head of Business Development & Marketing, in New York.
Trentacosta joins from Och-Ziff Capital Management Group, where he was
- 28/04/2016
Schroders has launches the Schroder Alternative Solutions Commodity Total Return, a new fund offering commodities exposure with a flexible approach, allowing it to take advantage of a wide range of opportunities, as well as limit downside risk.
The fund will invest in energy, agriculture and metals sectors worldwide and will adopt a highly flexible strategy which includes the ability to take short positions and the use of leverage.
The fund will be managed by Schroders’ commodities team, led by Geoff Blanning. Schroders has strengthened its investment resources in commodities in the past two years with the hiring of a Metals
- 28/04/2016
GAM, the independent, active investment manager, has appointed Tony Morton to its UK regional distribution team as a Client Manager.
Morton will be responsible for promoting GAM’s product range, including its single strategy funds and the GAM Model Portfolio Service to advisers and discretionary managers in the North West.
Prior to joining GAM, Morton was a regional sales manager at Coram Asset Management, covering the IFA and discretionary wholesale market in the North. Tony has previously worked for Premier Asset Management and Fidelity Investments in business development roles.
Morton will report to Douglas Branson (pictured), Head of UK Regional Distribution,
- 27/04/2016
- 27/04/2016
BNP Paribas Investment Partners, Odey Asset Management and Sumitomo Mitsui Trust Bank are the newest members of the International Accounting Standards Board’s (IASB) Investors in Financial Reporting programme.
The programme was established in 2014 to increase the Board’s engagement with the investment community. The new joiners bring the total number of investment organisations in the programme to 18. The other members of the programme are Aberdeen Asset Management, Allianz Global Investors, APG Asset Management, AustralianSuper, BlackRock, Caisse de dépôt et placement du Québec, Fidelity Worldwide Investment, Henderson Global Investors, Hermes Investment Management, Insight Investment, Lazard Asset Management, Nomura Asset
- 27/04/2016
The Financial Industry Regulatory Authority (FINRA) has gone live with expanded data on over-the-counter (OTC) trading in equity securities is now live, extending the authority’s trading-volume transparency to all of the OTC market.
With this enhancement, FINRA is supplementing the data that it currently makes available on trading by alternative trading systems (ATSs) including venues known as "dark pools" with new data on all other equities volume executed OTC by FINRA members (non-ATS OTC volume). The additional data covers approximately 20 percent of all trading volume in National Market System equities.
"Enhanced disclosure of over-the-counter trading serves the interests of
- 27/04/2016
Special Reports
FeatureD
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
