NYSE Euronext set an all-time record of 13.3 million global derivatives contracts traded per day in May 2010. European derivatives average daily volume increased 51.5 per cent, driven by a 56.6 per cent increase in fixed income derivatives product ADV
ZEDRA Group, a specialist in Trust, Corporate and Fund Services has acquired LJ Fiduciary, from investment firm Alvarium. LJ Fiduciary will be rebranded and merged into the existing ZEDRA network. The deal is subject to local regulatory approval. LJ Fiduciary’s
Gartmore is adding a new European financial sector equity long/short strategy to its range of AlphaGen single strategy funds. Gartmore
The HFRX weekly return statistics show a poor week’s performance with only a 0.04% gain for Equity Market Neutral, in the week ended 10th August 2004. HFRX Indices performance A
The UK’s Financial Services Authority has fined JPMorgan Securities GBP33.32m for failing to protect client money by segregating it appropriately. Under the FSA’s client money rules, firms are required to keep client money separate from the firm’s money in segregated
Spotex, a developer of foreign exchange technology systems and institutional ECN operator, has promoted John Miesner to CEO less than a year after he joined the firm. Miesner joined Spotex as Senior Managing Director and Global Head of Sales and
New York-based Drake Management LLC has hired Richard A.
William Bijesse is joining the USD 5.5 billion EIM Group as CIO of EIM’s US operations from 2 August. EIM has also appointed Bijesse as
Arcmont Asset Management (Arcmont) has launched as an independent private debt business following the completion of its separation from BlueBay Asset Management (BlueBay). Arcmont currently manages institutional assets of over EUR13 billion and is focused on delivering flexible capital solutions
