LCH.Clearnet has launched its SwapClear Futures Commission Merchant (FCM) service. US interest rate swap (IRS) clients are now able to access this market leading service through any of the 12 FCMs already connected to the service. Six clients have cleared executed
Inter-dealer broker ICAP has hired Mark Newson-Smith as a broker in its metals business in London. Newson-Smith previously worked at Galena Asset Management as well as Bank of America, HSBC and Mitsui. ICAP brokers cash and derivative base and precious
Liquidnet, the institutional equities marketplace, has appointed Scott Harrison as Global Head of Product with responsibility for overseeing, enhancing and building out the company’s product offerings. Based in New York, he will report directly to Liquidnet CEO and Founder Seth
The Financial Industry Regulatory Authority (FINRA) has expelled MICG Investment Management, LLC (MICG) of Newport News, VA, and barred Jeffrey A Martinovich, the firm’s CEO and majority owner, for securities fraud, misusing investors’ funds and causing false account statements to
RCP Advisors, an independent sponsor of private equity funds-of-funds, secondary funds, and co-investment funds focused on North American lower middle market buyouts, has announced the closing of its first co-investment fund, the USD110 million RCPDirect, LP. “RCP’s strategy has
KIS Capital an Australian-based hedge fund with an Asia ex-Japan focus primarily trading equities, options, warrants and convertibles, has selected Imagine Software’s award-winning ASP service for real-time portfolio and risk management. In response to investor interest following recently published
Appleby, a provider of offshore legal, fiduciary and administration services, has appointed Cayman litigator, Christopher Russell, as partner in the firm’s Cayman Islands office from 1 May 2012. Russell joins Appleby from Ogier’s Cayman office where, until recently, he led
In an open letter of March 8, 2011 addressed to the Chair of the Economic and Monetary Affairs Committee of the European Parliament, Sharon Bowles, and Pascal Canfin, the Committee’s Rapporteur on the draft EU regulation on short selling and
FIX Protocol Limited (FPL), the non-profit, global, industry standards organisation that owns and develops the FIX Protocol messaging language, has issued best practices recommendations to support the trading of Credit Default Swaps (CDS) and Interest Rate Swaps (IRS). As Dodd–Frank
Molinero Capital Management has recruited a new Applied Research Group comprised of three senior researchers. The researchers were previously trading at Louis Dreyfus Commodities and represent on a combined basis about 40 years of trading experience. Rafael Molinero says:
