TABB Group expects algorithmic trading in futures markets to continue expanding faster over the next two years, with a 96 per cent compound annual growth rate (CAGR) from 2011 to 2015. According to a report published by TABB, “Algos in
Monique Melis, a Member at financial advisory firm Kinetic Partners, on the sentencing of Raj Rajaratnam to 11 years in prison for insider trading… Judge Richard Holwell’s agreement with the recommendation that sentencing should be 20-24 years shows that insider
The Commodity Futures Trading Commission’s (CFTC) division of market oversight has announced trueEX’s self-certification of available-to-trade determinations (MAT Determinations) for certain interest rate swap contracts. This self-certification includes certain interest rate swap contracts made available to trade via an earlier
Professional services firm KPMG has warned that the European Commission’s proposals for ‘one-size-fits-all’ regulation of alternative investment managers based within the European Union ma
GenSpring Family Offices breached its fiduciary duty and committed gross negligence when it failed to adequately diversify the USD57 million portfolio of an ultra high net worth individual and misrepresented that hedge funds it recommended would perform like bonds, according
Maxim Group, a full service investment banking and brokerage firm providing services to hedge funds, investment advisors, family offices and high net worth individuals, has selected SunGard’s VPM. Now live, the solution helps Maxim Group better service its clients by
BlueMountain Capital Management (BlueMountain), a private investment firm specialising in the global credit markets with USD7 billion in assets under management, has named David Rubenstein CEO of BlueMountain Europe. Rubenstein, who joined the firm in 2006, will also continue in
Alter Domus is the first service provider to be authorised by the Luxembourg Financial Regulator (CSSF) to act as a professional depositary. Alter Domus has launched a depositary service to support its clients in meeting the new requirement for funds
The Hong Kong stock exchange is engaged in talks with its Shanghai and Shenzhen counterparts with a view to establishing a joint venture for equity derivatives and index compilations, in so d
The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a Connecticut-based money manager and the hedge funds that he controls, alleging tha
