The US Commodity Futures Trading Commission (CFTC) has unanimously approved a substituted compliance framework for dually-registered central counterparties (CCPs) located in the European Union (EU), together with a comparability determination with respect to certain EU rules. This action follows the
Gemini Hedge Fund Service has expanded its suite of distribution channels and relationships, by partnering with Hedge Connection to help managers strengthen their engagement with accredited investors. "Hedge Connection has brought together thousands of hedge fund managers and investors online
ICAP Global Broking has expanded its electronic capabilities with the launch of TrueQuote, a new portal for buy side clients. The portal, which will offer a number of multi asset class solutions over the coming months, launches with its first
Babson Capital Management, its subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management, and Baring Asset Management Limited, are planning to combine operations under the Barings brand. The combination will create a global, multi-asset investment management firm with over
The support, maintenance and continued development of SIX x-clear’s Clara clearing system has been taken on by Baymarkets. Since 2010 SIX x-clear’s Clara has been used as the platform for central counterparty clearing on trades in equities, equity certificates, derivatives,
The clearing for the power spot markets in the United Kingdom, the Netherlands and Belgium will migrate from APX to European Commodity Clearing (ECC) on 31 March 2016. All power spot markets operated by EPEX SPOT and its affiliates covering
Nasdaq is to replace the Australian Securities Exchange’s (ASX) existing equities and equity options clearing technology platforms – a significant element of ASX's technology transformation program outlined in February 2015. This technology development will be undertaken on Nasdaq's Genium INET
Artivest, a technology-driven investment platform that provides investors access to best-in-class alternative investment funds, has implemented new initiatives to enhance its offering to financial advisors and their qualified clients. Artivest has joined the Depository Trust and Clearing Corporation's Alternative Investment
Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) is now a recognised member of the International Organisation of Securities Commissions (“IOSCO) as of February 2016. As an associate member, ADGM-FSRA is committed to comply with the international regulatory
The Hedge Fund Association (HFA) has welcomed the passing of the Fair Investment Opportunities for Professional Experts Act by the US House of Representatives which incorporates the addition of a knowledge and education-based category of accredited investors. The House bill
