First-day trading volume for CBOE Short-Term Volatility Index options with weekly expirations totalled an estimated 3,134 contracts, according to data released by the Chicago Board Options Exchange. “We were pleased to see a very active opening day of trading in
The number of agricultural derivatives traded on Eurex has exceeded 100,000 contracts since their launch in July 2009. Volume has been increasing steadily, partly due to the volatile weather conditions in 2011 and 2010. Year-to-date, the average daily volume (ADV)
The US District Court for the District of Colorado has entered an order against defendants Flint-McClung Capital LLC (FMC), of Englewood, Colorado, and Shawon McClung, formerly of Denver, Colorado, requiring them jointly and severally to pay restitution of USD1,701,250 and a USD4.3 million
Ian Gobin and Deborah Poole have been appointed partners of Appleby within the funds and investment services team. Both Gobbin (pictured) and Poole join Appleby from Walkers. Gobin joined Appleby on 1 October 2012 and Poole, who was instrumental in
Cedrus Investments, a global boutique investment firm, has appointed Denise Gower (pictured) as Vice President of Business Development. Based in Cedrus Investments’ head office in Grand Cayman, Cayman Islands, Gower will be concentrating on: developing and managing global business development;
The Eastern Caribbean Supreme Court, Court of Appeal, has granted leave of appeal to the defendants who applied for two preliminary issues to be heard in the BVI proceedings brought by Fairfield Sentry Limited (in liquidation). According to law firm
Pictet Asset Management, the asset management arm of the Swiss private bank Pictet & Cie, has launched the Kronos Fund, a global equity long/short trading fund. The fund is distinctive as it combines a long/short equity strategy with an overlay
LCH.Clearnet’s interest rate swap (IRS) clearing service, SwapClear, has launched the industry’s first certification programme for consultancy firms preparing market participants for the implementation of centralised OTC clearing. Five consultancies have already signed up to join the global initiative, which
It has been a landmark week for Schroders.
EFETnet BV and The Depository Trust & Clearing Corporation (DTCC), following their successful pilot program launched in January as the first global repository for OTC commodity swaps, have begun accepting trade submissions from commodity market participants into the new Global
