Global securities firm RBS Securities is to pay a USD35 million penalty relating to the company’s fraudulent trading through its now-defunct US Asset-Backed Securities, Mortgage-Backed Securities and Commercial Mortgage-Backed Securities Trading group. The penalty is part of a non-prosecution agreement
The growing computing power witnessed in the past few years has led to data becoming more accessible, often at the touch of a button. Though there are huge benefits to this, the progress also means the danger of information overload
Indian tech firm WandX, led by CEO Abhinav Ramesh (pictured), is to launch a token sale on Friday 27 October to fund the building of its new platform, which will allow investors to create and trade in derivative products based
Smaller hedge fund managers will continue to outperform during 2017, according to Don Steinbrugge Managing partrner of Agecroft partners, who has revealed what he sees as being the top hedge fund industry trends for the coming year. Steinbrugge highlights that, year to date
Lyxor’s Cross Asset Research team has released a report on the performance of active mutual funds versus their benchmarks in 2016. The team writes that it would be an understatement to say that active investing has been challenged in 2016.
Euronext has made an irrevocable EUR510 million all-cash offer to LCH.Clearnet Group Limited (LCH.Clearnet Group) and London Stock Exchange Group (LSEG) to acquire LCH.Clearnet SA (Clearnet). Clearnet is a leading, multi-asset, Eurozone-based Central Counterparty (CCP) serving Euronext’s markets, pan-European electronic
Prophecy Asset Management, a New York-based allocator and seed capital source for equity long/short hedge fund managers, has allocated USD30 million to a portfolio created by Birch Island Capital, a private investment firm in Cambridge, MA founded by a team
Nuveen, an operating division of TIAA Global Asset Management, has completed the liquidations of the Nuveen Diversified Commodity Fund (CFD) and the Nuveen Long/Short Commodity Total Return Fund (CTF). As previously announced, each fund’s shares ceased trading and were delisted
ICE Futures Europe expects to launch a new one month, cash-settled futures contract based on the Sterling Overnight Index Average (SONIA) rate on 1 December, 2017. “We are pleased to introduce SONIA futures to our Sterling interest rate portfolio alongside
Bricknode has released a tax reporting app for the platform Bricknode Financial Systems in order to streamline tax reporting for financial institutions. Tax reporting involves generating tax verification data and tax filings for local tax agencies and is one of
