In February 2010 the international derivatives exchanges of Eurex Group recorded an average daily volume of 10.6 million contracts, compared with 10.7 million contracts in February 2009. Of those, 7.45 million were Eurex contracts (+ eight per cent) and 3.15
Equity Trust, a provider of trust and fiduciary services, has appointed five people for its global sales team. Dik-Jan Jetses assumes overall responsibility for sales and business development for the Dutch commercial team, working alongside Carsten Cramer and Peter Soesbeek.
Derivatives exchange Eurex is expanding its offering of volatility index derivatives based on VStoxx. The new options contract will be launched on 22 March 2010 and complement the existing VStoxx mini future. This step aims to increase the offering of
Northlight European Credit Fund, the credit hedge fund launched in December last year, has appointed Andrew Pucher as a director of its active and independent board. Pucher is the former chief executive officer of HSBC’s private bank operations in the
The Committee of European Securities Regulators (CESR) has recommended the introduction of a pan-European disclosure regime for net short positions in shares. The recommendation was made by CESR in a report submitted to the European Institutions (Ref CESR.10/088) on Tuesday.
Representatives from the Financial Conduct Authority (FCA) provided guidance on the upcoming Annex IV reporting at a meeting sponsored by the Investment Management Association, the primary AIFM industry group in London. According to a regulatory briefing by ConceptOne, the FCA
There is huge performance dispersion between strategies in Asia hedge funds, according to research by GFIA, the Singapore based specialist in skill-based managers in Asian and emerging markets. GFIA reviewed the performance of emerging markets hedge funds in 2008 and
Brown Brothers Harriman has assigned Robert Lees and Richard Meek to its Hong Kong office, assuming the respective roles of head of securities lending trading and head of securities lending relationship management for the Asia Pacific region. Lees reports to
Citigroup has appointed Sanjiv Sawhney as global head of fund services for Citi’s securities and fund services business. In this new position, Sawhney will provide leadership for Citi’s hedge fund, private equity and mutual fund administration businesses globally within Citi’s
The implementation of the Markets in Financial Instruments Directive is turning market surveillance, traditionally a cost centre, into a competitive edge, says capital markets research and advisory firm Tabb Group. According to research published by Tabb, spending by brokers and
