Payments on sovereign credit default swaps contracts related to Greece have been successfully completed, according to the Depository Trust & Clearing Corporation (DTCC). DTCC’s Trade Information Warehouse (TIW) provides post-trade processing services for OTC credit derivative trades. TIW has completed
LCH.Clearnet Group Limited confirms that it has entered into exclusive discussions with London Stock Exchange Group plc regarding a possible transaction. There can be no certainty that the discussions will result in any transaction.
BATS Chi-X Europe and BX Swiss have entered into a partnership agreement designed to bring greater competition and enhanced market efficiencies to the Swiss equities market. The partnership comprises two key elements: · Cross-listings for ETFs: Under FINMA regulations, ETF
Taliance, a global analytics provider serving the alternative investments marketplace, has sold its back office-focused accounting and transactional solutions to asset management software provider Cassiopae. Taliance now intends to concentrate on the rapidly-growing and evolving alternative investments space. Cassiopae, which
IFG Group has signed an agreement for the sale of its entire International Division (Segment) to AnaCap Financial Partners II LP. The purchase price is GBP70 million (EUR84 million) which will be paid in full on the completion of the
Compliance and regulatory services provider Cordium has acquired HedgeStart, a provider of UK tax, accounting and regulatory compliance consulting services to the investment management and securities industries. The deal marks another chapter in a period of planned expansion for Cordium,
The Securities and Exchange Commission has established comprehensive arrangements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) as part of a long-term strategy to improve the oversight of regulated entities that operate across
The newly launched EMERGENCE seeding platform, created in early 2012 with the backing of seven major French institutional investors and managed by internationally recognised seeder NewAlpha Asset Management, has announced its first seeding partnership with Eiffel Investment Group, through its
The Carlyle Group has completed its acquisition of Diversified Global Asset Management (DGAM), a global manager of hedge funds with more than USD6.7bn in managed and advised assets. Equity for the transaction came from Carlyle’s balance sheet. The transaction was
Financial Risk Management (FRM), a global hedge fund investment specialist, has established a strategic partnership with Itajubá International, a Brazilian alternatives specialist, to provide institutional investors in Brazil with access to global best of breed hedge funds. As part of
