Singapore Exchange is enhancing the rules to strengthen its default management framework to protect its derivatives market against systemically destabilising events, which include the possibility of multiple member defaults. This enhancement follows a public consultation issued in September 2011. Clearing
PineBridge Investments, a multi-asset class investment manager, has selected Bahrain as the location for its Middle East and North Africa headquarters. PineBridge is an independent asset manager with over USD67bn of assets under management for institutional and individual clients across
Scoach has been licensed by the Hong Kong regulator SFC (Securities and Futures Commission) to connect market participants in Hong Kong directly to the Xetra trading system. In the future, banks and brokers can use the Xetra network to place
LCH.Clearnet’s interest rate swap clearing service, SwapClear, now clears approaching 50 per cent of all outstanding over-the-counter forward rate agreements (FRAs). The rapid and broad adoption of FRA clearing since its introduction on SwapClear in December 2011 comes well ahead
Amber Capital has launched Amber Equity Fund – a UCITS version of the Amber Italia Equity Fund – on the Alpha UCITS platform. The Amber Equity Fund is managed by Amber Capital Italia SGR, a Milan based asset management company
HSBC Global Asset Management has hired four people for its global macro and investment strategy team, led by Philip Poole in London. Poole (pictured) joined Global Asset Management in July 2010 from HSBC Global Research where he was global head of
HSBC Securities Services (HSS) has made key appointments in sales for North America and Europe. Kevin Skorzewski joins as head of sales for North America. In this new role, Skorzewski will be responsible for building out HSBC’s securities services franchise
MarketAxess has expanded its suite of electronic trading protocols to help investors and broker-dealers more effectively source liquidity in the credit markets. MarketAxess has developed the industry’s first anonymous request-for-quote (RFQ) trading protocol for the credit markets on DealerAxess, its
TIM Group has launched a new service that enables the fund of hedge funds (FoHFs) industry to react faster to changing market and industry conditions. Through a series of newly developed Application Program Interfaces (APIs), TIM Funds Connect enables
Managed futures lost 0.69 per cent in September, according to the Barclay CTA Index compiled by BarclayHedge. The index remains up 0.51 per cent year to date. “A second month of rising equity prices generated profits for momentum-based managers, but
