Fraud

Florida residents and firm fined USD4m for defrauding investors

The US Commodity Futures Trading Commission has obtained a default judgment order requiring FX Professional International Solutions and its principals, Pedro de Sousa and Guillermo Rosario, to pay more than USD4m in civil monetary penalties for issuing false account statements to customers in an off-exchange foreign currency fraud. »


British Virgin Islands

Appleby offering authorised representative services in BVI

Appleby Authorised Representative, an affiliate of Appleby Corporate Services (BVI), has been certified by the BVI Financial Services Commission to act as an authorised representative under the Securities and Investment Business Act 2010.  »


Down arrow

Dow Jones Credit Suisse Hedge Fund Index down 0.28 per cent in November

Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index pulled back in November, posting slightly negative performance of 0.28 per cent for the month. »


New York

BTIG opens new trading floor in New York

BTIG, a broker dealer specialising in institutional trading and related brokerage services, has opened a new trading desk at 825 Third Avenue. »


Index

Equity hedge leads hedge fund gains in November

With a strong contribution from equity hedge strategies, hedge funds posted a gain for November, with the HFRI Fund Weighted Composite Index up 0.26 per cent. »


Trader at screen

Multifonds releases latest version of Transfer Agent

Multifonds, a provider of single platform multi-jurisdictional investment fund software, has released the latest version of Multifonds Transfer Agent, v3.60. »


Computers

PerTrac signs 20 clients for risk management software solution

PerTrac, a provider of analytic, reporting and communications software for investment professionals, says 20 firms have selected PerTrac RiskPlus as their solution of choice for examining and reporting on risk exposure across their portfolios.  »


Hans-Ole Jochumsen, president of Nasdaq OMX Nordic

Nasdaq expands Correlix measurement service to the Nordics

Nasdaq OMX will expand the real time latency measurement service provided by Correlix to its Nordic marketplaces. »


Trader

Hedge funds advance 0.2 per cent in November

The Hennessee Hedge Fund Index advanced 0.2 per cent in November and is up 7.0 per cent year-to-date. »


Steel

Freight Investor Services brokers first China domestic rebar swap

Ronly and Morgan Stanley Commodities have traded the first cash-settled cleared swap in the emerging China domestic rebar market. »


Upcoming training

Mon, 29/09/2014 (All day) - London
Thu, 02/10/2014 (All day) - London