Latest News
The US Commodity Futures Trading Commission (CFTC) has issued an order to Hong Kong Securities and Futures Commission (HKSFC) permitting US customers to deal directly with HKSFC-licensed brokers.
The exemption, which follows similar exemptions granted to other foreign exchanges or foreign regulators pursuant to Commission Regulation 30.10, means that licensed brokers will no longer need to register with the CFTC as futures commission merchants (FCMs).
The order has been submitted to the Federal Register to be published and the relief is effective as to each foreign firm upon the filing of certain representations with the National Futures Association.
Orders
- 23/03/2015
Tower Fund Services today released the second video in a series designed to guide hedge fund managers through the common challenges faced by the emerging fund manager.
The latest video provides some simple steps and insights into the capital raising process for new hedge funds.
Tower’s Co-founder, Vince Sarullo, says: “AUM is the lifeblood of the investment management business and competition for assets is fierce. To grow AUM can be the single most difficult aspect of running a hedge fund business. Most small hedge funds are operated by former portfolio managers, traders or research analysts, who know how to manage
- 20/03/2015
GFI Group, a provider of trading technologies and support services to the global over-the-counter (OTC) and listed markets, is to voluntarily delist and deregister its common stock from the New York Stock Exchange (NYSE).
The Company has submitted written notice to the NYSE of its intention to voluntarily delist and deregister the common stock under the Securities Exchange Act of 1934, as amended. The delisting is expected to become effective 10 days after the filing of the required Form 25 with the Securities and Exchange Commission (SEC). GFI subsequently expects to no longer have obligations to file SEC reports with
- 20/03/2015
- 20/03/2015
Guernsey’s position as a leading centre for Insurance Linked Securities (ILS) transactions was underlined at a thought leadership event in London on Wednesday.
Hosted by Guernsey Finance, ‘ILS Insight London’ attracted more than 140 delegates and featured two panel sessions with ILS experts from Guernsey, the UK and mainland Europe sharing their expertise and insights into this fast developing asset class.
Dominic Wheatley, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, says the event was particularly timely as it coincided with the announcement by George Osborne, the UK Chancellor, that the UK was committed
- 20/03/2015
Cornerstone Global Commodities is pleased to announce that it has been joined by
Duncan Preston, formerly of Vitol, has joined Cornerstone Global Commodities. He will be be based in London before opening Cornerstone's Dubai office.
Preston has substantial experience of commodity markets in Europe, the Middle East and Africa, with particular expertise in structuring finance solutions, joint ventures and investments in physical commodity businesses.
Brian Murphy, Founding Partner at Cornerstone, says: "Duncan's expertise and skills are a powerful addition to the abilities of this energetic brokerage firm, as it expands its offering from traditional introducing broker services to comprehensive consulting
- 20/03/2015
The SS&C GlobeOp Forward Redemption Indicator for March 2015 measured 3.91%, an increase from February’s figure of 3.64%.
“March redemption requests are in line with prior-year levels and represent quarter-end activity, plus slightly higher redemptions planned for the long-term,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions
- 20/03/2015
Eze Software Group has completed a series of enhancements to its portfolio accounting and reporting system, Tradar PMS, improving asset class coverage across instruments and regions.
The latest additions are part of Eze Software’s drive to streamline investment managers’ workflows and increase operational efficiency through tighter integration between Eze Software applications. The continued investment in Tradar PMS has been well-received by the market. Sales increased nearly 40% in 2014 over 2013, and the PMS client base is larger than ever.
Eze Software has significantly enhanced support for trading FX non-deliverable forwards (NDFs) with improved trade workflows, support for the new
- 20/03/2015
Sprott has appointed Trey Reik, a 33-year veteran of the investment management business, as Senior Portfolio Manager and Precious Metal Strategist.
Reik has dedicated the past 13 years to precious-metal investing and, since 2009, has served as Managing Member of Bristol Investment Partners LLC, a registered investment advisor focused exclusively on the sector. Reik has written extensively on precious metals markets and monetary policy and is a recognised public speaker on these topics. At Sprott, Reik's responsibilities will include the development and management of institutional precious metal-focused investment vehicles, primarily in the United States.
"Trey brings to Sprott a unique
- 20/03/2015
ECN broker Tickmill has added contracts for difference (CFDs) – a derivative product that gives opportunity to make money from both falling and rising markets – to its diverse product line.
CFDs have no expiry date allowing traders to hold their positions for as long as they wish.
Sudhanshu Agarwal, CEO of Tickmill says: “This is a very important step forward for Tickmill as CFDs are popular and widely traded instruments. The availability of eight major CFDs covering key stock indices for Germany, Japan, Europe, the United Kingdom, the USA, as well as WTI Crude Oil, will cement the Tickmill’s
- 20/03/2015
- 20/03/2015
Rothschild Asset Management has appointed Michael Woods as Chief Executive Officer (CEO) with immediate effect.
Woods' appointment underlines the firm's strong commitment to continue building a pre-eminent asset management business for Rothschild North America.
Jean-Louis Laurens, Global Head of Asset Management for the Rothschild Group, says, "Mr. Woods' experience and proven track record in creating and implementing successful retail and institutional distribution capabilities coupled with his valuable leadership and management skills will be instrumental in driving our growth strategy in the US."
Most recently, Woods was Head of the Americas, Global Client Group for Deutsche Asset & Wealth Management and
- 20/03/2015
- 20/03/2015
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