IlliquidX, a financial services boutique which enables clients to price and trade illiquid securities, says it has had a strong start to 2010 with January traded notional volumes more than double those of December 2009. IlliquidX currently has over EUR1bn
May 2014 average daily volume (ADV) and total monthly volume in futures on the CBOE Volatility Index (VIX Index) and total exchange-wide at CFE have fallen since May last year. Average daily volume in VIX futures was 143,946 contracts during
Butterfield Fulcrum, an administrator for the alternative investment industry, has appointed Mark Boyes as director of business development. He is based in London and reports to Joost Lobler, Butterfield Fulcrum’s head of business development for EMEA and APAC. Boyes will
Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions, has named Jean-Sébastien Py as general manager for South Asia. Py joined Sophis in 2004 and played a pivotal role in building the Sophis team and client base in
Trax, Xtrakter’s trade matching and regulatory reporting system, processed 578 million transactions in 2009, reflecting a 105 per cent increase on 2008 figures. Xtrakter currently processes on average 2.5 million transactions daily on behalf of its user community. “Trax plays
More than 200 hedge fund offerings now comply with Ucits III guidelines, according to Hedge Fund Research, a provider of data and analysis of the hedge fund industry. The number has grown rapidly in the last 18 to 24 months,
The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that provides relief to each of the five Canadian banks that are registered with the CFTC as swap dealers. The five Canadian banks covered by the no-action
Cowen Group is planning to streamline its alternative investment management business through the integration of the senior management and certain aspects of the infrastructure of Ramius’ hedge fund and fund of funds businesses. The organisational developments aim to facilitate efficiencies
Advanced Fund Administration, a private equity and hedge fund administration company, has appointed Mark Lancaster as vice president of business development, based in the Summit, New Jersey office. His primary focus is leading AFA’s sales and marketing activities. Lancaster is
Alceda Fund Management SA this week announced a new fund on its Alceda UCITS Platform (AUP). The CCMG Navigator – Tactical Fixed Income Fund, managed by Philadelphia-based Clark Capital Management Group, Inc. The Lux-domiciled fund continues the strategy of the
