Shaun Lynn, president, BGC Partners

BGC Partners trades fully electronic Euro interest rate swaps

BGC Partners, an intermediary to the wholesale financial markets, has completed its first fully electronic Euro interest rate swap transactions over its hybrid voice and electronic execution platform, BGC Trader IRS, which went live on 1 September. »


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Hedge funds see negative returns in August

Returns for the Credit Suisse Liquid Alternative Beta Index suggest that hedge funds were negatively impacted by broad market sell-offs in August, although certain sectors showed resilience amid the increased market volatility. »


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KPMG hires associate partner to lead asset management valuation team

KPMG has appointed James Dimech DeBono as an associate partner in its financial risk management practice. »


Computers

Crescent Financial Partners acquires stake in IT Trading’s software

Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m. »


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BGC appoints regional head of e-commerce for Asia Pacific

BGC Partners, an intermediary to the wholesale financial markets, has appointed Vanessa Ko as director, regional head of e-commerce for Asia Pacific. »


Lawsuit

Alternative Decisions launches legal alerts for alternative community

Alternative Decisions has launched a legal alerts service for the alternative investment industry using Linex Systems technology. »


Jersey flag

Investment Services UK launches Jersey-based fund

Investment Services UK, a London-based fixed income specialist focused on emerging markets, has launched a fund seeking enhanced returns through access to a portfolio of fixed income securities principally throughout the emerging markets. »


Steel

Trading in steel futures on London Metal Exchange sets new record

Trading in steel futures on the London Metal Exchange hit another record level in August, with 24,853 lots traded, equivalent to more than 1.6 million tonnes of material. »


Market

Average daily volume of 7.8 million contracts at Eurex and ISE in August

  At the derivatives markets of Eurex an average daily volume of 7.8 million contracts was traded in August, down from 9.1 million in August 2009. »


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Frontier Capital promotes Andrew Cracknell to head of intermediary business

Frontier Capital Management, an investment management company that combines both traditional and alternative asset classes, has promoted Andrew Cracknell to head of intermediary business. »


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