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Only one of Market Vectors Index Solutions (MVIS) family of six investable Long/Short Equity Indices recorded positive performance in February.
The Market Vectors Emerging Markets Long/Short Equity Index as up 0.36 per cent for the month whilethe other five indices all ended in negative territory.
The Market Vectors Asia (Developed) Long/Short Equity Index was the month’s biggest loser with a return of 01.57 per cent, followed by the Market Vectors Global Long/Short Equity Index (-1.07 per cent), the Market Vectors Western Europe Long/Short Equity Index (-1.02 per cent), the Market Vectors Global Event Long/Short Equity Index (-0.25%) and the
- 02/03/2016
The Chicago Board Options Exchange (CBOE) plans to offer FLEX index options with Asian and Cliquet style settlement beginning Monday, 21 March.
FLexible EXchange (FLEX) options, created by CBOE in 1993, are customisable options that allow users to define various contract terms such as exercise style, strike price and expiration date. FLEX options also give investors the opportunity to trade on a larger scale with expanded or eliminated position limits.
Insurance companies that write indexed annuity contracts often have exotic option liabilities embedded within those annuity contracts. Two common types of exotic options are Asians and Cliquets. Insurance companies
- 02/03/2016
The NZ Super Fund has appointed a subsidiary of Ramius, the global investment management business of Cowen Group to manage a USD200 million merger arbitrage mandate focused on M&A transaction in listed companies in North America and Europe.
This is the NZ Super Fund’s first investment in merger arbitrage, a strategy which aims to earn steady returns over the long-term by realising value from targeted merger and acquisition deals across a broad cross section of industries, and managing any risks, including the potential for any individual deal failure.
NZ Super Fund Chief Investment Officer Matt Whineray says merger arbitrage
- 02/03/2016
Itiviti, a technology provider for the capital markets industry, has launched Continuum by Itiviti, the industry’s most comprehensive enterprise testing solution that redefines the way firms test trading systems.
It delivers immediate benefits for the capital markets in the critical areas of compliance and growth. Itiviti, the recently formed global fintech company, brings together premier advanced technology, connectivity and premium products and services.
Continuum, Itiviti's first new product offering, automates regression testing across an electronic trading ecosystem and intelligently leverages all system and counterparty behaviour and production data to execute the process. It is a powerful new approach that
- 01/03/2016
The clearing for the power spot markets in the United Kingdom, the Netherlands and Belgium will migrate from APX to European Commodity Clearing (ECC) on 31 March 2016. All power spot markets operated by EPEX SPOT and its affiliates covering Central Western Europe (CWE) and the UK will then benefit from one central clearing.
The migration is subject to final testing and member readiness. The migration follows the announcement of the integration of APX and Belpex into the European Power Exchange EPEX SPOT in April 2015 and paves the way to harmonise power spot markets in CWE and the UK.
- 01/03/2016
Nasdaq is to replace the Australian Securities Exchange’s (ASX) existing equities and equity options clearing technology platforms – a significant element of ASX's technology transformation program outlined in February 2015.
This technology development will be undertaken on Nasdaq's Genium INET Clearing platform, which is already in use at ASX for futures clearing. It reflects ASX's commitment to consolidate its number of post-trade platforms and improve efficiencies for its customers.
ASX also recently went live with Sentinel Risk Manager, Nasdaq's post-trade risk management solution. Phase 1 – the default management component – is now in operation. Once fully implemented, the
- 01/03/2016
The latest announcements by the Options Pricing Reporting Authority (OPRA), of changes to its Expanded Message Header, are expected to result in hugely increased data volumes. SR Labs, a specialists in enterprise-grade market data and trading technologies, has confirmed that the changes will have a minimal impact on the data volumes that their clients are processing via the Filtered Options Feed (FOF) solution.
SR Labs FOF is a fully managed market data feed that provides filtered US options market data with greatly reduced bandwidth and infrastructure requirements. FOF provides clients with the flexibility to consume only the data they need, with
- 01/03/2016
The OYSTER Japan Opportunities fund has posted an excellent performance over the last three years: +80.1 per cent versus +64.5 per cent for the Topix Total Return and +57.1 per cent for its peers, placing it in the first decile of the Lipper ranking.
The fund’s flexible investment style has allowed its volatility to be among the lowest of its peer group and to exhibit an asymmetrical return profile. On average, the fund falls less than the market while also benefiting from a rising market. The fund therefore offers a real alternative to passive management and posts more consistent performance
- 01/03/2016
The top 10 hedge funds were hit hard by US stock market performance in Q4, according to the latest addition of the S&P Global Market Intelligence Hedge Fund Tracker, In total, the top funds managed approximately USD159 billion in Q4, down USD44 billion from Q3 2015.
The funds also decreased the total number of stock positions held from 441 to 427, the fewest stock positions held throughout 2015. Financial stocks led the sell-off, with Lloyds Banking Group ranking as one of the most sold-off individual stocks of the quarter. The highest volume of buying occurred in the energy sector, with Pioneer Natural Resources ranking as
- 01/03/2016
London Metal Exchange associate brokerage firm Traderight has become the first financial organisation to implement VIA Trade, the comprehensive cloud-based telephony and trader voice system.
Launched by VIA and Speakerbus in January, VIA Trade is designed to eliminate the need for an on-site traditional telephony network, thereby freeing up expensive space across the trading room floor.
VIA Trade has been successfully deployed in the company’s office in Chelmsford servicing a team of traders. VIA Trade combines VIA’s cloud-based infrastructure with the Speakerbus iTurret, the industry-leading dealerboard. During the two-day installation process, a direct and exclusive network connection was established between
- 01/03/2016
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