Equities liquidity provider XTX Markets intends to opt-in as a Systematic Internaliser (SI) following the implementation of MiFID II. Alex Gerko, Co-CEO of XTX Markets, says: “XTX has become a leading liquidity provider across lit EU equities markets. Although uncertainties
Alternative asset manager FS Investments has promoted Chief Investment Officer (CIO) Mike Kelly (pictured), to President with immediate effect. Kelly will remain as CIO. In his expanded role, Kelly will continue to serve on the firm’s Executive Committee, oversee investment
Bates Wells Braithwaite has appointed Richard Cross (pictured), as a Senior Consultant to its growing regulatory consultancy, BWB Compliance. A specialist in UK and European regulation, Cross brings a wealth of experience in helping financial services firms to tackle
Guernsey’s Private Investment Fund regime was launched in November last year and has so far proved to be a popular route to launch a private fund. As the regime approaches its first anniversary, Annette Alexander (pictured) of Carey Olsen, on
Front Street Capital is to sell Jemekk Capital Management to J2 Capital Management, a newly created corporation controlled by Gerard Ferguson. J2 Capital will be assigned the investment management and portfolio advisory agreements relating to the Jemekk Total Return Fund
The Derivatives Service Bureau has launched its real-time International Securities Identification Number (ISIN) creation service, allowing users to create OTC derivative ISINs and obtain associated reference data to address regulatory reporting obligations and processing requirements. A year after the initial
Two new European indices for blue chips – the Morningstar Eurozone 50 Index and Morningstar Developed Markets Europe 100 Index – are now live on Euronext. The indices developed by Euronext and Morningstar aim to provide different investor profiles (asset
Shareholders of Saxo Bank Group (Saxo), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 per cent of the bank. In May
Thomson Reuters has enhanced its tick history data service, Tick History 2.0, to provide the financial industry with a powerful tool for developing algorithmic and systematic trading strategies and assist in meeting MiFID II requirements in 2018. The solution assists
Ali Chughtai, portfolio manager at USD235 million European macro manager WHARD Stewart, believes that the short term has a real possibility of seeing a correction in emerging market (EM) currencies. “We have had a reasonable rally in emerging markets and
