The Securities and Exchange Commission (SEC) has adopted the first of a series of rules and guidance on cross-border security-based swap activities for market participants. The new rules will be key to finalising the remaining proposals. The rules and
Pacific Fund Systems Limited (PFS), a provider of fully integrated fund accounting and administration software via the PFS-PAXUS application, has appointed Paul Kneen (pictured) as Chief Operating Officer (COO) with effect from 15 July, 2015. Kneen has gained over 25
The European Power Exchange EPEX SPOT, together with its clearing house European Commodity Clearing (ECC), have successfully reduced the lead time on all intraday markets. Trading now continues until 30 minutes before delivery in Germany, France and Austria. In Switzerland
Just one of Market Vectors Index Solutions’ (MVIS) six investable Long/Short Equity Indices, which use liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions, recorded positive performance in April. Market
Artivest, a digital platform that connects leading private equity and hedge funds with a wider audience of suitable investors, has completed a USD15 million round of funding led by KKR. Existing investors RRE Ventures, Peter Thiel, Nyca Partners, Anthemis Group
Barclays has been charged with fraud over the marketing and operation of its dark pool and other aspects of its electronic trading division. The complaint alleges Barclays has dramatically increased the market share of its dark pool through a series
CHAPS, the UK’s same day electronic payment system, has added BNP Paribas as a Direct Participant. BNP Paribas can now directly send and receive irrevocable, guaranteed sterling payments with same day finality, rather than through a third-party. Its customers will
Nasdaq Futures, Inc (NFX), the exchange group's US-based energy futures market, has approved 16 Futures Commission Merchants (FCMs) as new members. Some of the new members include: ABN AMRO Group, ADM Investor Services, Advantage Futures, Citigroup Global Markets, ED&F Man
Wells Fargo Funds Management’s multi-strategy Wells Fargo Advantage Alternative Strategies Fund, the result of a collaboration between Wells Fargo Asset Management and The Rock Creek Group, has passed it’s first anniversary. The fund was designed to provide a truly diversified
The US Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) has issued a further extension of time-limited no-action relief to LCH.Clearnet Limited. In the extension of CFTC Letter 13-52, DCR states that it will not recommend that
