The European Securities and Markets Authority (ESMA) is to publish its first EU-wide stress test exercise regarding Central Counterparties (CCPs) on 29 April 2016. ESMA is mandated to conduct stress tests of CCPs under the European Markets Infrastructure Regulation (EMIR).
Societe Generale Securities Services (SGSS) in the UK has been mandated by Linear Investment Limited (Linear), a full-service mini-prime broker servicing international asset managers and hedge funds, to provide its Global Broker-Dealer Services (GBDS) outsourcing solution. SGSS’ outsourcing platform encompasses
On 31 December, 2016 the Financial Industry will go live with PRIIPs regulation. The regulation will introduce the Key Investor Document (KID), a maximum three-page document, written in plain language that must be shared with all retail investors before they
Aurum Fund Management has launched the Aurum Dynamic Strategies Fund, a multi-manager, multi-strategy, alternative UCITS fund. Kevin Gundle, CEO of Aurum Research Limited, Aurum’s UK subsidiary, says: “Aurum’s proximity to the hedge fund industry gives it a unique vantage point
The Chicago Board Options Exchange (CBOE) plans to start overnight dissemination of the CBOE Volatility Index (VIX Index) on 15 April. Values for the VIX Index are expected to be published every 15 seconds, beginning at 2:15 am CT, during
As declining open outcry options volume on CME Group's New York trading floor now represents just 0.3 per cent of the company's overall energy and metals trading volumes, CME Group will close its New York trading floor at year-end, subject
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has elected three new members to its Board of Directors. The new directors are Lester Owens, Managing Director and Global Head of
Atalaya Capital Management, a private credit asset manager, has closed its sixth Special Opportunities Fund (Fund VI) at its USD800 million hard cap, exceeding its USD750 million target. Fund VI is the fourth consecutive oversubscribed Atalaya Special Opportunities Fund, representing
The European Energy Exchange (EEX), part of Deutsche Börse Group, is to acquire the remaining shares in the Singapore-based Cleartrade Exchange (CLTX) from Freight Investor Holdings. The transaction will take effect as of 15 April 2016. With this transaction, EEX
James Klempster (pictured), head of portfolio management at Momentum Global Investment Management asks, has quantitative easing become a victim of its own success? While it had been used before, Quantitative Easing (QE) really only came into our collective consciousness when
