Latest News
Lightkeeper a provider of portfolio intelligence tools to the hedge fund community, has made three key appointments – Stephen Scherock, Kate Martz, and John Connors.
Scherock joins Lightkeeper as Product Manager. He has spent the last 20 years at Morgan Stanley, and for the past decade has focused exclusively on the needs of the hedge fund community. Scherock's specialty is performance and risk analysis, most recently as an Executive Director in Morgan Stanley's Prime Brokerage Group. He has helped hedge funds by configuring systems, reports and insights for day-to-day monitoring of performance and risk calculations. Previously at Morgan Stanley, Scherock helped
- 01/02/2016
- 01/02/2016
Barclays Capital and Credit Suisse Securities (USA) have agreed to settle separate SEC cases finding that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse’s Light Pool.
The New York Attorney General’s office is announcing parallel actions against the two firms.
Barclays agreed to settle the charges by admitting wrongdoing and paying USD35 million penalties to the SEC and the NYAG for a total of USD70 million.
Credit Suisse agreed to settle the charges by paying a USD30 million penalty to the SEC, a USD30 million penalty to the NYAG, and
- 01/02/2016
Elementum Advisors has promoted Paul Barker to Principal & Portfolio Manager and Chris Cebula to Portfolio Manager, effective 1 February, 2016.
Barker joined the firm as a Catastrophe Modeling Analyst in 2011. He subsequently moved to Elementum’s Bermuda office in 2014 and transitioned to portfolio management with a focus on portfolio construction, hedging, and analysis of collateralized reinsurance investments.
Rettino, Founding Principal & Portfolio Manager, says: “Paul's commitment and leadership have been instrumental in improving our portfolio construction tools and processes. His efforts across multiple areas have benefited the firm greatly.”
Cebula joined Elementum in 2010 as an Analyst
- 29/01/2016
Fixed-income electronic trading platform MarketAxess saw record global Emerging Market (EM) trading volumes of USD146 billion during 2015, a 30 per cent increase in trading volumes compared to the previous year.
MarketAxess further expanded its group of global liquidity providers for EM trading during 2015, and added to its breadth of currencies available on the platform. Local market debt trading was the fastest growing product on MarketAxess during 2015, up 208 per cent compared to 2014.
Kevin McPherson, Global Head of Sales at MarketAxess, says: "We're in a new phase of uncertainty for emerging market fixed-income. Trends in volatility
- 29/01/2016
Eze Software Group experienced record growth in 2015 across its product lines within the Eze Software Investment Suite.
Since its formation in 2013, the company has focused on integration of order management, execution management, portfolio accounting, data management, compliance, and commission management within the Investment Suite, with customers increasingly adopting more integrated solutions in the past year.
In 2015, the company added 275 new clients using one or more application in Eze Software Investment Suite across all major market regions. The EMEA region saw particularly strong growth versus 2014, with over 50 deals closed. Notably, more clients have been signing on
- 29/01/2016
Jefferies has joined hedge fund intelligence platform AltX’s growing list of investment bank clients. AltX helps firms who service, target and invest in the hedge fund industry find new clients and know their existing clients better.
AltX integrates machine learning, proprietary algorithms, behavioural science, relationship mapping, as well as traditional financial analytics, to improve workflow processes and ultimately allow users to make smarter, faster and more informed investment decisions in the hedge fund market.
AltX is used by multiple groups within financial institutions including Prime Brokerage, Equity and Credit Sales, Coverage, Asset Managers, Pension Funds, Investor Relations, and Family Offices,
- 29/01/2016
The search for liquidity has overtaken the low latency arms race, according to the latest update from Object Trading, provider of a multi-asset direct market access trading infrastructure to buy and sell side clients.
Market participants’ survival is about more than simply managing risk and cost; it now requires reaching trading venues in unfamiliar regions and asset classes – and finding the optimal relationships between the buy-side and sell-side to access liquidity where it is growing, and create liquidity where opportunities await. This great reshuffling is already driving innovation, requiring new approaches to market access technology.
The international trading
- 29/01/2016
- 29/01/2016
Recognos Financial, provider of AI based data management solutions for the financial services industry, has launched Recognos ETI, a new data extraction platform designed to unlock greater context and insight from otherwise untapped business data.
Utilising the latest advancements in artificial intelligence (AI), natural language processing (NLP), semantic and other technologies, Recognos ETI allows companies to extract, transform and integrate both structured and unstructured documents and data into useable business intelligence.
"Recent studies have shown that 80 per cent of all data in large organisations is unstructured, including many mission-critical documents such as contracts, prospectuses, and compliance documentation,” says
- 29/01/2016
The Board of Supervisors of the European Securities and Markets Authority (ESMA) has appointed Anneli Tuominen as its Vice Chair. Tuominen, who is the Director-General of the Finnish Finanssivalvonta (FIN-FSA), will serve a 2.5 year term effective immediately.
She replaces Carlos Tavares, former Chairman of the Portuguese Comissão Do Mercado De Valores Mobiliários (CMVM), whose has completed his term.
Steven Maijoor, ESMA Chair, says: “I am delighted to announce the appointment of Anneli Tuominen as ESMA Vice Chair. As one of our longest serving members she has demonstrated her commitment to supporting ESMA in the pursuit of its
- 29/01/2016
- 29/01/2016
Alternative asset management firm Black Diamond Capital Management has appointed Todd Arden as Senior Managing Director and Co-Chief Credit Officer.
Arden will have responsibility for co-managing Black Diamond's underwriting processes and credit exposures and will also source stressed and distressed investment opportunities for Black Diamond's funds. Hw will be based in Black Diamond's Greenwich, Connecticut office.
Stephen H Deckoff, Black Diamond's Managing Principal, says "I am excited to have Todd join the firm and am confident that his deep experience in credit and distressed investing will be a great asset to Black Diamond. With significant opportunities and challenges presenting themselves
- 28/01/2016
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