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Cees Vermaas, chief executive of Euronext Amsterdam and member of the managing board of Euronext, has resigned and will step down from his position immediately.
His replacement will be announced once Euronext has received approval from the regulators.
Jos Dijsselhof, chief operating officer of Euronext, based in Amsterdam, will be acting CEO of Euronext Amsterdam to ensure the smooth running of the business, until such time as the replacement is announced.
- 04/08/2014
- 04/08/2014
The CBOE Futures Exchange saw new single-day volume records for total trading volume exchange-wide at CFE and for futures on the CBOE Volatility Index on 1 August.
Total volume at CFE was an estimated 530,794 contracts traded, which surpassed the previous high of 452,139 contracts traded on 15 April 2013.
For VIX futures, an estimated 527,803 contracts traded, including an estimated record of 68,033 contracts during non-US trading hours. The record trading in VIX futures eclipsed the previous record of 449,955 contracts, also set on 15 April 2013.
Exchange-wide ADV during July was 197,368 contracts, a 46 per
- 04/08/2014
- 04/08/2014
The future of quantitative trading methods is at risk of being indistinguishable from anything else in a transition to a new quant landscape where its success will require significantly more data, says research by TABB Group.
“Micro-market structure arbitrate strategies are near full saturation across all asset classes, products and regions,” says TABB principal Paul Rowady, director of data and analytics (DnA) research who wrote “Propeller-Head Ubiquity: The Next-Generation of Quantitative Trading.”
It details the current landscape, views on the future landscape based on a March 2014 survey of market participants, recent regulatory filings by two leading proprietary trading
- 04/08/2014
The alternative UCITS market saw its AuM grow by 15.6 per cent to EUR184.2bn through the first six months of 2014 according to the Alceda Half Yearly UCITS Review. However, whilst inflows remain strong, performance has tailed off. Through the first half of 2013 alternative UCITS funds returned 5.95 per cent compared to just 0.52 per cent this year.
Having ended 2013 as the best performing strategy with gains of 12.3 per cent, the AH Equity Long Short Index was flat to the end of June 2014. Despite this, Equity Long Short strategies have seen AuM rise 66.8 per cent
- 03/08/2014
- 02/08/2014
BNP Paribas Securities Services is to acquire Prime Fund Services (PFS), a provider of fund administration, custody and banking solutions for alternative investment managers, from Credit Suisse.
The move is part of BNP Paribas Securities Services’ strategy to develop its global fund administration franchise. 


The transaction will result in a global fund administrator dedicated to alternative investment managers that will service over USD 231 billion of alternative assets.
The offering brings together PFS’ administration expertise in the alternative investment sector and BNP Paribas Securities Services’ extensive custody and depositary network and global reach.


PFS employs staff in
- 01/08/2014
The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 1.1 per cent in June, along with global stock and bond indices.
The MSCI World Index climbed 1.8 per cent while the Barclays Global Aggregate Bond Index rose 0.7 per cent.
The Morningstar MSCI Composite AW Hedge Fund Index has increased 3.7 per cent for the year through June.
“The second quarter was marked by volatility in small-cap and international equities,” says AJ D’Asaro, alternative strategies analyst for Morningstar. “However, despite increasing geopolitical tension in
- 01/08/2014
Dallas-based investment management firm Highland Capital Management is now compliant with the Global Investment Performance Standards (GIPS) and has been independently verified for the period of 1 January 2009 to 31 December 2013.
The GIPS standards are a rigorous set of investment performance measurement principles which have been adopted in 37 countries and recognised around the world for providing credibility, integrity, scope and uniformity of performance reporting by enabling direct comparability of a firm’s track record.
“Transparency and integrity are two of the most important things professionals look for when investing capital,” says Mark Okada, co-founder and chief investment
- 01/08/2014
National Futures Association (NFA) has taken an emergency enforcement action against commodity trading advisor and commodity pool operator Nord Capital Advisors and company principal Yakov Shlyapochnik.
NFA has taken the Member Responsibility Action (MRA) and Associate Responsibility Action (ARA), effective immediately, to protect investors, the commodity futures markets and other NFA members and associates.
Nord Capital and Shylapochnik have failed to fully cooperate during NFA's attempted examination and investigation by not producing the books and records that NFA requested.
Acting on a complaint NFA received from a representative of a company located in Cyprus regarding Shylapochnik and various
- 01/08/2014
Lyxor Asset Management, now a fully licensed alternative investment fund manager (AIFM), has launched two AIFMD compliant funds of managed accounts.
The Lyxor Diversified Fund (LDF) and the Lyxor Focus Fund are liquid, multi-strategy funds invested across the hedge funds of Lyxor’s managed account platform (MAP).
With this new status, Lyxor is now authorised to offer professional investors in Europe a complete offering of alternative investment solutions and is one of the few asset managers with flagship strategies open for investment under AIFMD.
LDF and Focus invest in between 15 and 25 Lyxor managed accounts across a range
- 01/08/2014
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