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FIX Trading Community, the non-profit financial trading standards body, has extended the Trading Enablement Standard Initiative (TESI) to include foreign exchange (FX) client enablement.
TESI uses FIX protocols to achieve more efficient and standardised communication for trading enablements.
Last year TESI designed and implemented the FIX standard to manage the complex process of enabling clients on fixed income trading platforms. As a result of close collaboration with the FX community, TESI is now available to clients using FX execution platforms for FX spot, forwards, swaps, FX options, NDFs and precious metals trading.
TESI helps reduce errors and improve
- 24/07/2014
Natixis Global Asset Management (NGAM) has launched a core global tactical asset allocation fund that invests in stocks, bonds and volatility as an asset class.
The Seeyond Multi-Asset Allocation Fund offers the potential benefit of greater diversification by integrating equity volatility as an asset class along with traditional asset classes.
In the fund, equity volatility can be used to manage risk or to seek returns in different types of environments. This ability can be especially valuable to investors during market downturns.
“The Seeyond Multi-Asset Allocation Fund can provide investors with a range of benefits. The fund can be
- 24/07/2014
Abbey Capital has been authorised as an Alternative Investment Fund Manager (AIFM) under the Alternative Investment Fund Management Directive (AIFMD) by the Central Bank of Ireland.
The AIFMD is a regulatory framework initiated by the European Commission to supervise AIFMs.
The purpose of the AIFMD is to better regulate investment practices, increase transparency in operations and reporting in order to protect investors.
Tony Gannon, Abbey Capital’s CEO, says: “Abbey Capital is pleased that our consistency of investment approach and risk management has ensured the stringent criteria for authorisation set out by the AIFMD were met by Abbey Capital.
- 24/07/2014
- 24/07/2014
Luxembourg financial services regulator CSSF has received a total number of 773 AIFM-related applications – 215 requests for authorisation and 558 requests for registration.
Following the processing of the 215 requests for authorisation, 151 entities have been approved as AIFM by the CSSF as at 22 July 2014.
Among these 151 approved entities, 74 entities are on the official list of authorised AIFMs.
The CSSF says a certain number of those applications for authorisation, where the approval process is still ongoing, are linked to entities which were not active in the field of alternative investment funds before the
- 24/07/2014
Markit has appointed Matthew Kolby as head of investor relations.
He reports to Jeff Gooch, chief financial officer, and is based in New York.
Kolby has more than 17 years of corporate and advisory investor relations experience. He joins Markit from Deutsche Bank where he was director of investor relations, responsible for all aspects of investor communications in North America.
Prior to joining Deutsche Bank in 2011, he was the global head of investor relations advisory in JP Morgan's Depositary Receipts division where he established and led a global team of investor relations specialists who advised non US
- 24/07/2014
- 24/07/2014
A team at University College London (UCL) has evaluated the overnight process that maintains the constant maturity aspect of the GMEX Interest Rate Swap Index Average (IRSIA) Constant Maturity Future (CMF) product as an alternative to interest rate swaps (IRS).
The study, led by visiting professor Donald Lawrence, focused on analysing the cost of the end of day novation to the next day’s forward rate roll, analogous to the carry cost.
It concluded that an average year’s worth of novation cost would not be significant for any tenor during the period analysed.
It further concluded that the total lifetime
- 23/07/2014
Omgeo has partnered with London Stock Exchange Group’s (LSEG) UnaVista to support tri-party matching of synthetic equity swaps between executing brokers, prime brokers and investment managers.
The offering links UnaVista, a global hosted platform for all matching, validation and reconciliation needs, with Omgeo Central Trade Manager (Omgeo CTM), Omgeo’s strategic platform for the central matching of cross-border and domestic equity, fixed income, repos, exchange traded derivative and equity swaps transactions.
The Omgeo CTM/UnaVista solution combines the respective workflows of the two platforms, automatically connecting investment managers on Omgeo CTM with their prime broker counterparties on UnaVista to match the
- 23/07/2014
BCS Financial Group has appointed Matthieu Ressencourt as managing director and head of equity derivatives trading in London.
Ressencourt joins from VTB Capital where he headed up the equity volatility trading until departing in March 2014.
He was one of the founding members of the equity volatility trading team in 2008 at VTB Capital and helped to develop both the institutional client business and options market making activity on LSE Derivatives, Eurex and the Moscow Derivatives Exchange.
Ressencourt began his career with Credit Agricole where he worked in both New York and Paris as an equity derivatives trader
- 23/07/2014
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has hired Jonathan Bohrer as chief financial officer, effective 30 June.
Bohrer will be based in New York and will report to Chris Grandi, chief executive officer of Abacus Group.
Bohrer brings over 18 years of experience in finance and operations across a diverse set of industries. As CFO, he will oversee the company’s financial and accounting activities along with other administrative and operational functions including human resources, real estate and legal.
Most recently he served as managing director of finance at ConvergEx
- 23/07/2014
The UK Financial Conduct Authority (FCA) has approved Omni Partners’ application for an authorised licence under the Alternative Investment Fund Managers Directive (AIFMD).
The granting of the licence allows Omni Partners to continue to offer wealth management and institutional clients access to its alternative investment funds as part of an EU-wide harmonised framework.
Citibank International has been appointed as independent depositary, complying with the requirements of the Directive.
Omni’s chief executive Peter Coates says: “It is Omni’s aim to be at the spearhead of alternative investment fund management best practice on a global basis. This licence is evidence
- 23/07/2014
- 23/07/2014
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