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FINCAD, a provider of valuation and risk analytics for multi-asset, multi-currency portfolios, has added several key enhancements to F3, its object-oriented valuation and risk platform.
These enhancements benefit buy-side firms searching for alpha in a low-yield environment and pursuing multi-asset, multi-currency strategies.
F3 now enables unprecedented front office productivity, faster and more efficient integration and enhanced analytics coverage. Using the new streamlined workflow, the front office can now trade new instruments and asset classes quickly and confidently – delivering unprecedented productivity, expanded investment opportunities, cost savings and rapid return on investment.
FINCAD’s F3 continues to make integration between
- 28/01/2016
Franklin Square Capital Partners, a manager of business development companies (BDCs), has unveiled an new structure for non-traded alternative investments that reduces fees and seeks to align the interests of investors, advisors, regulators and sponsors.
The firm recently announced that FS Investment Corporation IV (FSIC IV), an income-focused non-traded business development company (BDC), commenced operations with an industry-leading commission structure that responds to FINRA Regulatory Notice 15-02 (15-02).
The amendments to NASD Rule 2340 presented in 15-02, which take effect on April 11, were designed to, among other things, enhance the disclosure of sales charges on investor account statements.
- 28/01/2016
- 28/01/2016
A new study from The Chicago Board Options Exchange (CBOE) examines the monthly CBOE S&P 500 PutWrite Index and the CBOE S&P 500 One-Week PutWrite Index, comparing their performance with that of traditional benchmark stock and bond indexes.
This is the first comprehensive study that examines the performance of a benchmark strategy index that incorporates Weeklys options.
Written by Oleg Bondarenko (pictured), professor of finance at the University of Illinois at Chicago, and sponsored by CBOE, the study – “An Analysis of Index Option Writing with Monthly and Weekly Rollover” – analyses the performance of the two PutWrite Indexes
- 28/01/2016
Intercontinental Exchange has made three senior management promotions – Ben Jackson, President and COO of ICE Futures U.S., has been named ICE’s Chief Commercial Officer, Lynn Martin, President and COO of ICE Data Services, now has added responsibility for Interactive Data, and Trabue Bland, ICE Vice President of Regulation, has been named President of ICE Futures US.
The promotions are all effective as of Monday, 1 February, 2016, with the trio all reporting directly to ICE Chairman and CEO Jeffrey C Sprecher (pictured).
Jackson’s newly created role includes responsibility for leading the integration planning and execution of ICE’s acquisitions
- 27/01/2016
Voce Capital Management has added two industry veterans to its executive team with both Mark Shamia joined as Chief Operating Officer and Chief Financial Officer, and Nicholas Heldfond joining as Head of Business Development and Investor Relations.
Shamia is a veteran of the asset management industry and brings over 20 years of experience in similar roles with other alternative investment managers. He will focus on establishing a best-in-class, institutional infrastructure and will oversee the non-investment side of the business.
Heldfond meanwhile, brings over 15 years of marketing and investor relations experience in the asset management industry. Heldfond will initiate
- 27/01/2016
Wholesale electronic trading platform ParFX has expanded the number of currencies in its offering with the addition of the Hungarian forint (HUF).
In recent years, the Hungarian forint has become increasingly popular among the global FX trading community, with approximately 90 per cent of Hungarian forint trades executed outside of Hungary’s domestic borders. According to the Bank for International Settlements, it is one of the 25 most actively traded currencies in the world.
The introduction of EUR/HUF to ParFX follows the recent addition of the forint to the CLS settlement system, and has been welcomed by the platform’s growing customer base.
ParFX also announced the addition of a number of CLS-eligible currency pairs, with AUD/JPY, NZD/JPY, USD/SEK, USD/NOK and USD/DKK being introduced alongside
- 27/01/2016
- 27/01/2016
Mark Hawtin, Investment Director, GAM, on the challenges facing Apple…
The numbers reported by Apple last night showed that Apple is struggling to grow in a smartphone market that is becoming saturated at the high end. The move to the iPhone 6 and the large screen format gave them a final boost into a segment of the market they were not present in. What next? China is a real concern for Apple because it is clear now that the iPhone is not seen as a utility product but as a luxury item. Luxury brands are struggling in the slow-down; more utility names are
- 27/01/2016
- 27/01/2016
Credit Suisse to open Front Office trading floor in Ireland for Prime Services business
Irish Taoiseach Enda Kenny has opened the first Credit Suisse Trading Floor in Dublin, making the country an important hub for the bank’s Prime Services Business in Europe.
The opening of the new floor will house circa 100 positions in Dublin, including 40 trading, risk and capital professionals and 60 support roles.
The key parts of the Prime Services business that will operate out of this location include Prime Brokerage, Prime Financing and Securities Lending, all of which serve clients across global markets. The Dublin
- 27/01/2016
The implementation of MiFID II and EMiR will dramatically increase the use of e-trading of European interest-rate derivatives, but it will also lead to an increase in concentration of trading flows with the market’s biggest dealers, according to a new report from Greenwich Associates.
The new Greenwich Report, The European Derivatives Market Continues to Resist Electronic Trading, shows that only about 20 per cent of notional trading volume in European interest-rate derivatives was executed electronically last year, and that fewer than 40 per cent of European institutions use e-trading tools for interest-rate derivatives at all.
Despite the cost benefits
- 27/01/2016
Deimos Asset Management, a multi-strategy hedge fund manager, has appointed Richard Franzen (pictured) as a Managing Director and Portfolio Manager. At Deimos, Franzen will focus on managing a pairs-based trading strategy.
Prior to Deimos, Franzen managed portfolios based on the same strategy at REF Advisors and at Battenkill Capital Management Inc. since 2007. Previous to that he was employed as an analyst and portfolio manager at Merrill Lynch Investment Managers from 1996 to 2005 and as an analyst at Millennium Management LLC in 2006.
Franzen is the fifth portfolio manager to join Deimos since last July, following the additions
- 27/01/2016
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