The pan-European gas trading platform PEGAS registered a total volume of 153.7 TWh in April 2016, which represents almost the double of the volume traded over the same period last year (April 2015: 77.0 TWh). The increase was driven by
The US CFTC has approved a final rule to amend a requirement that swap dealers (SD) and major swap participants (MSP) exchange the terms of swaps with their counterparties for portfolio reconciliation so that SDs and MSPs need only exchange
The number of regulatory ‘incubator’ or ‘umbrella’ firms in the City of London’s institutional financial sector has grown to 52, according to Sturgeon Ventures LLP, which claims to have been the first such firm to launch 18 years ago. Sturgeon
UnaVista, London Stock Exchange Group’s global regulatory reporting platform, has partnered with regulatory reporting testing and compliance firm, Kaizen Reporting giving UnaVista clients access to Kaizen Reporting’s ReportShield service, which offers quality assurance testing of MiFID transaction reports at a
SS&C Technologies Holdings has been appointed by Nicola Wealth Management (NWM) to provide a range of fund administration services for nearly USD4 billion in assets under management (AUM). NWM has grown to be one of Canada’s leading independent wealth management
Up to 50 per cent of remaining investor assets will likely leave US prime money market funds ahead of major regulatory reforms in October, says Moody's Investors Service. However, demand for euro prime funds is expected to be resilient despite
To help alternative investment managers better manage their liquidity and cash flow, Northern Trust Hedge Fund Services has enhanced its suite of treasury services with the addition of a proprietary Cash Projection service. The service provides a flexible and comprehensive
The London Metal Exchange (LME) has launched LMEshield, a new electronic warehouse receipt system for the global commodities market. The first receipt was issued by Henry Bath & Son Ltd on behalf of BNP Paribas Arbitrage SNC. LMEshield is a
The hedge fund industry saw net outflows of investor capital in Q1 2016, totalling USD14.3 billion, with CTAs and multi-strategy funds the only major strategies to see new inflows, according to figures released by Preqin. This continues from the USD8.9
PGIM’s UCITS platform has surpassed USUSD1 billion in assets, as of 31 March, 2016, through its first 10 funds with more funds to be launched in the coming year. The funds are based on existing strategies managed by PGIM’s wholly-owned
