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The business of trading interest-rate swaps is moving to electronic platforms at breakneck speed, largely driven by the implementation of Dodd-Frank. Sixty per cent of notional client swap trading volume in the US this year is being executed electronically – up from just 20 per cent in 2014. But according to a new study from Greenwich Associates, investors are still relying on the support and advice of sell-side salespeople
A new Greenwich Report, Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important, reveals that as recently as 2010, nearly 90 per cent of notional trading volume
- 29/10/2015
Euronext has received approval from the Hong Kong Securities and Futures Commission (HKSFC) to provide automated trading services (ATS) to Hong Kong-domiciled clients, facilitating direct membership and access to Euronext’s Paris derivatives markets.
Tan Yueheng, Chief Executive Officer of BOCOM International Holdings Company Ltd and Chairman of Chinese Securities Association of Hong Kong (CSAHK), says: "Applying to become Euronext's first batch of Hong Kong members is in accordance with our group's derivatives business strategy. Euronext, also an honourable member of CSAHK, will establish a bridge for Chinese brokers and futures companies domiciled in Hong Kong to gain easy access to
- 29/10/2015
- 29/10/2015
In this extract from the Preqin Quarterly Update: Infrastructure, Q3 2015, we take an in-depth look at investors in infrastructure, examining which regions are attracting capital, preferred routes to market and plans for future investments.
The majority of infrastructure investors will continue to target domestic opportunities in the next 12 months, but there are also sizeable proportions targeting global infrastructure exposure (Fig 1).
Despite the growing preference for direct investments among the largest and most experienced infrastructure investors, unlisted funds remain the primary route to market for the majority of investors, with 86% targeting fund commitments to gain infrastructure
- 29/10/2015
Colt has launched Colt PrizmNet in the US, connecting providers of financial content – including market data, research and trading services – to capital markets firms, improving trade execution and accelerating global market connectivity.
This financial extranet addresses increased client demand for greater transparency and reliable access to new and existing markets, as well as the move to fully electronic traded asset classes including swaps, FX and fixed income.
Colt is a private company owned by Fidelity, and operates across Europe, Asia and North America. The launch of Colt PrizmNet in the US supports its growing presence in North
- 29/10/2015
Markit has launched Markit WSO Credit Manager, a credit and portfolio analysis application for investment professionals focused on bank loans. Credit Manager was designed in partnership with CVC Credit Partners and other industry experts.
The application helps portfolio managers and credit analysts make investment decisions by centralising the data they need to select investments, monitor credit performance and identify risk.
Credit Manager streamlines credit selection with screening functions that filter investment opportunities based on technical and fundamental criteria. The system alerts users about changes to portfolio holdings and provides collaboration tools to help investment teams coordinate their response if action
- 29/10/2015
Virtus, a provider of tailored fixed-income services, has launched Virtus Trade Settlement (VTS), which delivers unprecedented settlement times for primary/secondary trades in the four trillion dollar loan market.
The launch of VTS follows on the acquisition of Trade Settlement Inc.
Virtus is launching VTS to meet a dramatic need in the market for efficient loan trade settlements, most evidently shown through the reduction of settlement times. VTS represents the powerful combination of Virtus’ advanced technology and TSI’s unique loan settlement capabilities. VTS provides market participants with unprecedented settlement times through speed and efficiency in settling primary/secondary trades. VTS delivers
- 28/10/2015
- 28/10/2015
With the starting line for implementation only two months away, Justin Hayes, product manager at Linedata, says fund administrators and investment managers need to get to grips with the OECD’s Common Reporting Standards, dubbed ‘Global FATCA’, before it’s too late.
“Financial institutions in early adopter jurisdictions, including the UK, Ireland, France and Germany, now have just two months until they will need to implement the OECD’s Common Reporting Standards (CRS). Fund administrators and investment managers must waste no time in putting in place procedures required to meet the burdensome new global rules around the exchange of tax information.
“Early preparation
- 28/10/2015
BCS Financial Group, the largest broker of securities on the Moscow Exchange, has overcome challenging market conditions in Russia in the first six months of the year to achieve significant growth compared to the first half of 2014.
Despite a difficult year for Russian equity markets, with lower volumes and falling equity valuations, BCS, which is independently owned, has increased both revenue and profit – vastly outperforming both the Russian market and competing firms.
The results come on the back of the company’s first move into the American market with the strategic acquisition of Alforma Capital Markets Inc, the
- 28/10/2015
Geneva-based asset management company Argos Investment Managers SA is changing its name to Quaero Capital SA.
The rebranding is driven by the firm’s continuing international expansion and a growing concern that its original name may lead to confusion with other businesses in the sector.
Founded in 2005 in Geneva, QUAERO Capital is a specialist investment management boutique that offers a range of actively managed, high-conviction funds with a commitment to fundamental research and original thinking. ‘Quaero’ – the Latin word for ‘I research’ or ‘I seek’, is consistent with that commitment.
Quaero Capital is 100 per cent employee owned. Its
- 28/10/2015
Liquidnet saw record third quarter performance in Europe as institutional investors increasingly searched for size and improved execution quality, ahead of the Markets in Financial Instruments Directive (MiFID II) rules taking effect in January 2017.
These rules are expected to bring about tougher best execution requirements and caps on trading within dark pools.
In Q3 2015, average execution size was USD1.5 million. Total principal traded climbed to USD34.7 billion, up 18.98 per cent year-over-year (YoY), with continued strong growth coming from Continental European members up 41 per cent to USD2.8 billion total principal traded YoY.
“More and more
- 28/10/2015
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