The board of the Channel Islands Stock Exchange (CISX) has appointed Jon Moulton as director and chairman. »

Connecticut-based hedge fund advisory firm Level Global Investors has agreed to pay more than USD21.5m to settle Securities and Exchange Commission (SEC) charges that its co-founder, who also served as a portfolio manager, and its analyst engaged in repeated insider trading in the securities of Dell and Nvidia. »

The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight has issued a time-limited no-action letter that provides swap dealers with relief from certain External Business Conduct Standards rules in the context of prime brokerage arrangements. »

Palmer Square Capital Management, an investment management firm that provides portfolios of structured credit, collateralised loan obligations and hedge fund strategies, has appointed Jeffrey Fox as executive director. »

Paladyne Systems has secured the rights to the source code, development rights and unlimited distribution rights for the Numerix Portfolio Risk product. »

Liquidnet, the institutional trading network, is continuing its expansion in high-growth markets by enabling institutional investors to trade securities listed in Thailand. »

Rakuten Securities has joined Singapore Exchange (SGX) as a trading member of its derivatives market. »

Singapore-based Armstrong Asset Management has appointed Yasushi Ujioka as investment director. »

Conning, a provider of asset management services for the insurance industry, and Ramius Alternative Solutions LLC (RASL), which develops and manages customised alternative investment portfolios, have entered into a strategic alliance. »

Lyxor Asset Management is reinforcing its cross asset research team with the appointment of Rob Koyfman as senior strategist. »