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FIX Trading Community is opening its technical standards process to software developers throughout the financial industry.
A standard, complete modern high performance interface for venues will promote fairness, lower costs, and should lead to quality and reliability improvements. An open process, based upon widely accepted open source licenses, that is hosted on the leading open source platform, GitHub, is seen as the optimal way to complete the design, implementation, and launch of the FIX Trading Community's high performance technical standards.
The objective is frictionless access: all of the important resources will be freely available in one place using a single
- 23/11/2015
BCS Global Markets (BCS), the international arm of BCS Financial Group, the largest broker of securities on the Moscow exchange, has appointed Bradley Duke and Alex Romer-Lee as Non-Executive Directors.
As part of their role as members of the BCS UK board, both Alex and Bradley will provide additional oversight and constructively challenge and help develop Company strategy.
Romer-Lee joins BCS having held Non Executive Directorships at FCE Bank plc, where he chaired the Audit Committee; Alex was previously a Partner at PricewaterhouseCoopers (previously Coopers& Lybrand and Deloitte Haskins & Sells) between 1976-2001 heading up their financial services business
- 23/11/2015
The London Metal Exchange (LME) has launched LME Aluminium Premiums, LME Steel Rebar and LME Steel Scrap, the first new contracts to be offered by the Exchange in more than five years.
“Today’s announcement highlights the LME’s new approach to market engagement,” says Garry Jones (pictured), CEO of the LME. “This has been an extremely customer-focussed product launch, and we have collaborated with participants throughout the metals value chain to ensure we have created contracts that people want to trade.”
The new Scrap and Rebar contracts will be traded on LMEselect, allowing industry participants to reduce their risk exposure
- 23/11/2015
- 23/11/2015
In the first two weeks of October there was a sharp decline in momentum that hurt many of systematic hedge funds, but the trend largely reversed in the last two weeks and most funds finished flat or slightly up for the month.
That’s according to Deutsche Bank's Global Prime Finance Monthly Hedge Fund Trends report for November 2015, which says the firm expects further market volatility driven by weak macro conditions, uncertainty around the Fed rate hike, and continued regulatory scrutiny on M&A activity. All strategies significantly underperformed both the S&P 500 (+8.3 per cent) and the MSCI World Index
- 23/11/2015
Preqin’s latest factsheet takes a detailed look at closed-end private real estate fundraising for emerging managers in Europe.
Fundraising
Preqin’s Real Estate Online contains detailed information on 233 private real estate funds managed by Europe-based emerging managers*, which have raised EUR38 billion since 2007. Fundraising by Europe-based emerging private real estate managers has not emulated its pre-crisis peak of 54 funds reaching a final close on EUR9 billion in capital commitments in 2007 (Fig 1). Since then, fundraising has struggled to gain momentum, with an average of 20 funds reaching a final close annually and raising an average of EUR3.5
- 23/11/2015
In a globally volatile investment market, performance gains in the hedge fund industry helped push assets in the space to USD3.086 trillion in October, according to the latest eVestment Hedge Fund Asset Flows Report.
While many question the value of hedge funds, performance gains during a turbulent period can highlight their value as part of a balanced investment portfolio.
Not all segments benefitted equally, however.
Total hedge fund assets increased 1.56 per cent in October 2015, the industry’s largest monthly increase since September. Performance gains accounted for the majority of the asset increase. Investors added an estimated USD4.58
- 23/11/2015
The SS&C GlobeOp Forward Redemption Indicator for November 2015 measured 4.90 per cent, up from 2.96 per cent in October.
“SS&C GlobeOp’s Forward Redemption Indicator for November 2015 of 4.90 per cent rose from 2.96 per cent in October 2015 primarily due to seasonal factors,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The months of November and December typically show the highest readings of the year for the Forward Redemption Indicator due to year-end rebalancing. Looking at the comparison on a year-over-year basis, the November 2015 redemptions of 4.90 per cent were actually lower than 5.05 per cent for November 2014 and,
- 20/11/2015
Emerging Market hedge funds posted strong performance gains in October, driven by exposure to China and Russia, as risk tolerance and liquidity returned to emerging equity markets, with the HFRI Emerging Markets Index up +3.4 per cent.
That was the index’s first positive monthly performance since April, according to the latest HFR Emerging Markets Hedge Fund Industry Report.
Total hedge fund capital invested in emerging markets fell by over USD11 billion in 3Q, down from the mid-year record level, to USD187 billion (RMB 1.19 trillion, 12.2 trillion Russian Ruble, 716 billion Brazilian Real, 701 billion Saudi Riyal, 12.3 trillion
- 20/11/2015
The low quality rally in October, most notably during the first 10 days of the month, dented performance of the Saemor Europe Alpha Fund considerably, resulting in a loss of 3.5 per cent for the month.
While the long book contributed positively on the back of the overall market strength, it underperformed the underlying market because of a low risk bias. Most of the losses were generated in the Consumer Discretionary, Consumer Staples and Industrials sectors. Short positions in Fresnillo, CWC and BMW were unsuccessful. The biggest positive stock contribution came from the fund’s long position in Peugeot.
Style
- 20/11/2015
The top 10 hedge funds heavily sold-off their equity holdings in the third quarter of the year , according to the S&P Capital IQ Hedge Fund Tracker for Q3 2015.
In Q3, the top funds managed approximately USD191 billion in equity assets, down USD9 billion from Q2. This decline in equity holdings reflects the market drop that occurred over the third quarter and an aggregate decline in overall equity holdings. Top funds held a total of 441 different stock positions in Q3, down from 471 in Q2. Tech sector stocks led the sell-off, with eBay earning the distinction of most-sold stock among
- 20/11/2015
- 20/11/2015
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