The Securities and Exchange Commission has voted to propose a rule implementing the so-called "Volcker Rule" requirements. The requirements stem from Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The SEC is issuing the proposal jointly
Apex Technologies has selected Eze Castle’s Eze Private Cloud to deliver cloud services to its hedge fund and alternative investment firm customers. The Apex Cloud, powered by the Eze Private Cloud, allows Apex Technologies to offer clients secure IT operation
Interdealer broker ICAP has appointed Gary Pettit to the new position of Global Head of Financial Futures and Options. Pettit was formerly Global Head of Futures and Options at MF Global. ICAP has also recruited, so far, an additional 25
John Lyttle has been appointed as chief operating officer of Ogee Group. Lyttle is a graduate from Fordham University and will primarily focus on investor relations and capital raising. Lyttle will also contribute to quantitative analysis, trading
Strategic Investment Group (Strategic), an asset allocator with USD27.9 billion in assets under management, has selected Sophis VALUE for cross-asset trading and global risk management. Sophis VALUE provides Strategic, the aiCIO magazine 2011 Investment Outsourcing Award Winner, with a single
As part of an initiative to combat hedge fund fraud by identifying abnormal investment performance, the Securities and Exchange Commission has announced enforcement actions against three separate advisory firms and six individuals for various misconduct including improper use of fund
Singapore Exchange Derivatives Clearing is proposing refinements to its Clearing Fund structure, and improvements in the auction process for managing a default of a Member that clears OTCF contracts derivatives. The proposed rule amendments specify the apportionment and sequence of
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has certified a Dow Jones Industrial Average Futures contract submitted by the Osaka Securities Exchange (OSE). The contract satisfies the requirements of the Commodity Exchange Act and the Commission’s Regulations
Commodities and clearing activity rose in November from a year earlier while securities trading fell, according to the Singapore Exchange (SGX). Securities turnover fell 37% year on year to SGD25.4 billion as global uncertainties lingered. Securities daily average value was
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance, explores how Guernsey’s investment and insurance expertise mean it is capitalising on the opportunities presented by the growth of Insurance Linked Securities (ILS). Insurance Linked Securities (ILS) are growing in popularity
