Nir Regev’s Regev Group, which is based in Missouri, has joined DFPG Investments, a national independent broker-dealer and RIA. "We are very pleased that Nir identified the fit with our firm," says DFPG's CEO, Mike Bendix. "Nir brings a lot
CME Group is to collaborate with Crypto Facilities Ltd, a digital assets trading platform, to develop the CME CF Bitcoin Reference Rate (BRR), which will provide a final settlement price in US dollars at 4 pm London time on each
The European Securities and Markets Authority (ESMA) has issued two Opinions proposing amendments to its draft Regulatory Technical Standards (RTSs) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). ESMA proposes to revise the RTS on
UnaVista, London Stock Exchange Group’s global regulatory reporting platform, has partnered with regulatory reporting testing and compliance firm, Kaizen Reporting giving UnaVista clients access to Kaizen Reporting’s ReportShield service, which offers quality assurance testing of MiFID transaction reports at a
Up to 50 per cent of remaining investor assets will likely leave US prime money market funds ahead of major regulatory reforms in October, says Moody's Investors Service. However, demand for euro prime funds is expected to be resilient despite
To help alternative investment managers better manage their liquidity and cash flow, Northern Trust Hedge Fund Services has enhanced its suite of treasury services with the addition of a proprietary Cash Projection service. The service provides a flexible and comprehensive
The London Metal Exchange (LME) has launched LMEshield, a new electronic warehouse receipt system for the global commodities market. The first receipt was issued by Henry Bath & Son Ltd on behalf of BNP Paribas Arbitrage SNC. LMEshield is a
The hedge fund industry saw net outflows of investor capital in Q1 2016, totalling USD14.3 billion, with CTAs and multi-strategy funds the only major strategies to see new inflows, according to figures released by Preqin. This continues from the USD8.9
PGIM’s UCITS platform has surpassed USUSD1 billion in assets, as of 31 March, 2016, through its first 10 funds with more funds to be launched in the coming year. The funds are based on existing strategies managed by PGIM’s wholly-owned
CME Group has reported record revenue of USD934 million and record operating income of USD574 million for the first quarter of 2016. Net income was USD368 million and diluted earnings per share were USD1.09. Adjusted for non-recurring items, net
