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Ahead of the deadline for full implementation of UCITS V on Friday (18 March), Matt Gibbs (pictured), product manager at Linedata, comments on the impact of the introduction of a published register of non-compliant firms…
With changes introduced under UCITS V set to become effective on 18 March, most companies should now be fully prepared to comply with the new requirements. While there is every indication that punitive fines will be levied against non-compliant firms, the promise of public naming and shaming will be a sobering prospect for the industry.
UCITS V will introduce a published register of firms
- 16/03/2016
CME Group is to sell its suburban Chicago data centre in Aurora, Illinois to data centre services provider CyrusOne for USD130 million. The transaction is subject to customary closing conditions.
As part of the sale, CME Group will enter into a 15-year lease for data centre space and will continue to operate its electronic trading platform, CME Globex, from the data centre and will offer co-location services there. CME Group will have the ability to expand co-location services within the leased space going forward. The agreement also outlines the ways in which CyrusOne and CME Group will enhance the range
- 16/03/2016
By Philip Graham (pictured), Harneys, TEAM BVI Member – One of the hottest topics in the hedge fund industry for 2016 is the Common Reporting Standard (CRS). It is affecting everyone far and wide and given it was implemented in the British Virgin Islands (BVI) on 1 January, 2016, the investment funds community in this jurisdiction are working very hard and diligently towards ensuring that every fund domiciled in the BVI is fully compliant before all of the requisite time periods.
For those that have been hibernating in caves over the last few months, CRS is the standard for automatic exchange of financial
- 16/03/2016
BMO Global Asset Management has appointed Jonathan Goll as Director of Institutional Business for BMO Global Asset Management (Asia Pacific).
In this role, Goll will be responsible for institutional sales in the Australia, New Zealand and South East Asia markets. He will be based in Sydney, Australia and report to Ravi Sriskandarajah, Managing Director and Head, BMO Global Asset Management (Asia Pacific).
Goll has 17 years of experience in the financial services industry. Prior to joining BMO, he spent more than 11 years with Grantham, Mayo, van Otterloo & Co (GMO), a Boston-based asset management firm, working as a Senior
- 16/03/2016
GMEX Group has entered into a joint venture agreement with FPT Information System (FPT) based in Hanoi to provide technology, global business and local operational expertise to launch the first Derivatives market and fully integrated clearing house in Vietnam.
The Ministry of Finance (MOF) has entrusted the HNX and the Vietnam Securities Depository (VSD) to operate the derivative market’s transaction activities. The derivatives market is an important step in creating qualitative change for the Vietnamese securities market after a long era of quantitative development. It will also help investors identify and mitigate risks and diversify into other investment channels. The
- 16/03/2016
Neuberger Berman has appointed Richard Gardiner as chief investment officer (CIO) of Neuberger Berman Trust Company, an affiliate of Neuberger Berman. Gardiner will also lead the firm's Investment Strategy Group and join the firm's Asset Allocation Committee.
As part of his role within the USD11.4 billion Neuberger Berman Trust Company, Gardiner will work along with Neuberger Berman's wealth advisors and trust officers on high-net worth individual and foundation and endowment clients. With oversight of asset allocation, manager selection, and portfolio construction, Gardiner and the Investment Strategy Group will identify the most appropriate managers and investment strategies across multiple regions to
- 16/03/2016
Earnings estimates data from Estimize, the open financial estimates platform which facilitates the aggregation of fundamental estimates, are now available within the OTAS Portfolio Analytics App suite.
OTAS clients will also have the ability to contribute their own estimates, adding significant data points that will enhance and deepen coverage of the Estimize data set over the long term.
The new “Estimize Stamp” is accessible by entitlement only and is available for a coverage universe of 2,150 US stocks in the OTAS Core summary. The Stamp allows users to quickly visualise where divergences occur in consensus between ‘the Street’ and other
- 16/03/2016
A recent survey released by SimCorp has revealed that portfolio managers are facing significant challenges when it comes to data accuracy and risk and performance analytics in the front office.
The survey was conducted during a recent webinar hosted by SimCorp titled “Risk & Performance Analytics: Making the Front Office a Better Place.”
The life of a portfolio manager is often fraught by multiple systems, Excel sheets and frequent manual manipulations in order to gain an up-to-date 360º view of investments. The survey, which polled 54 individuals from 34 firms across North America, revealed that 76 per cent of portfolio
- 16/03/2016
The US Commodity Futures Trading Commission (CFTC) has charged two foreign web-based binary options firms, Vault Options, Ltd (Vault) and Global Trader 365 (GT 365), both Israeli web-based companies with fraud.
The CFTC compliant alleges that the pair unlawfully solicited and accepted more than USD1 million from at least 50 U.S. customers to trade off-exchange binary options contracts, defrauded those customers, and operated as unregistered Futures Commission Merchants (FCMs).
According to the CFTC’s complaint, since at least October 2012 and continuing to the present, Vault and GT 365 have operated websites through which US customers can buy and sell binary
- 16/03/2016
Markit has launched a new service that enables banks to affirm FX trades executed by inter dealer brokers. Seven inter dealer brokers and eight banks have signed to use the service, which expands Markit’s centralised solutions for the FX market.
Affirming over the counter trades through a centralised service reduces operational risk and replaces paper or voice based processes to check the accuracy of trade data. The MarkitSERV FX Broker Affirmation service provides a platform for banks to consolidate trade notifications from multiple inter dealer brokers and validate transaction data before they are processed into trading and risk systems.
- 15/03/2016
- 15/03/2016
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