CME Group has reported record revenue of USD934 million and record operating income of USD574 million for the first quarter of 2016. Net income was USD368 million and diluted earnings per share were USD1.09. Adjusted for non-recurring items, net
Tradition Group is planning to launch Elixium, a new EU-regulated Multilateral Trading Facility (MTF) for collateral and secured deposits, in May 2016. Elixium has been developed to address the growing need for a transparent, open to all, peer-to-peer, regulated marketplace.
Broadridge Financial Solutions has launched its new Solutions Partner Program, a global channel sales initiative that enables leading consulting, technology and servicing firms to offer expanded technology solutions that leverage the company’s suite of products and services as well as
Barak Fund Management, an Africa-focused alternative fund management company, has chosen TFG Financial Systems to provide it with TFG Complete, TFG’s fully integrated middle office and risk management system. TFG will be supporting two new Barak funds, investing in the
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Daniel Trentacosta as Sales Director. Trentacosta will play a key role in driving business development in North America for MUFG Investor Services’ asset servicing solutions
Schroders has launches the Schroder Alternative Solutions Commodity Total Return, a new fund offering commodities exposure with a flexible approach, allowing it to take advantage of a wide range of opportunities, as well as limit downside risk. The fund will
GAM, the independent, active investment manager, has appointed Tony Morton to its UK regional distribution team as a Client Manager. Morton will be responsible for promoting GAM’s product range, including its single strategy funds and the GAM Model Portfolio Service
BNP Paribas Investment Partners, Odey Asset Management and Sumitomo Mitsui Trust Bank are the newest members of the International Accounting Standards Board’s (IASB) Investors in Financial Reporting programme. The programme was established in 2014 to increase the Board’s engagement
The Financial Industry Regulatory Authority (FINRA) has gone live with expanded data on over-the-counter (OTC) trading in equity securities is now live, extending the authority’s trading-volume transparency to all of the OTC market. With this enhancement, FINRA is supplementing the
The European Energy Exchange (EEX) in line with its growth strategy achieved record results in both sales and profits in 2015. In the course of the year, EEX Group, now fully incorporated with the companies Powernext, EPEX SPOT and APX,
