Merger

Gottex completes EIM merger

Gottex Fund Management, an independent provider of alternative, multi-asset and Asian investment solutions for institutional and retail investors, has completed its merger with EIM Group. »


Clock

CFTC issues time-limited no-action relief for CDS clearing-related swaps

The US Commodity Futures Trading Commission (CFTC) has issued an extension to no-action letter 13-86 which provided time-limited relief relating to certain CDS clearing-related swaps. »


Marketing

JOBS Act changing hedge fund communications, says study

Hedge funds are beginning to take advantage of new communications channels one year after the enactment of the JOBS Act, according to a Peppercomm study. »


Trading screens

GBST Syn~ now certified for Omgeo CTM

GBST has worked with Omgeo to develop and certify its Syn~ application with Omgeo’s Central Trade Manager (CTM). »


Cooperation

DTCC and Euroclear create collateral processing JV

The Depository Trust & Clearing Corporation (DTCC) and Euroclear have created a joint venture that will leverage both companies’ expertise, technology and franchises, focusing on collateral processing. »


Handshake

Withers hires head of financial services and investment funds

International law firm Withers has hired Andrea Luciano as a partner and head of financial services and investment funds in its Milan office.  »


Metals

LME introduces new fee schedule

The London Metal Exchange (LME) is introducing a new fee schedule, which provides an all-in transaction fee with trading and clearing components, all now charged in USD. »


Hong Kong

Two additional partners to join Akin Gump in Hong Kong

F Mark Fucci and Anne-Marie Godfrey are to join law firm Akin Gump’s Hong Kong office. »


Down arrow

Euronext to lower client fees for Dutch options

Euronext is reducing client trading fees for transactions in Dutch individual equity and index options.  »


Survey

Six in 10 Asia Pacific firms unprepared for shortened settlement cycle for European securities

Some 58 per cent of firms in Asia Pacific are not prepared for a shorter settlement cycle in Europe which will change from trade date plus three days (T+3) to trade date plus two days (T+2) in October. »


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