Net revenues for the NASDAQ OMX group were USD517 million in the fourth quarter of 2014, down 1% from USD520 million in the prior year period, driven by the impact of foreign exchange rates. On an organic basis, excluding the
Albert Fried & Company has selected SS&C’s Global Wealth Platform (GWP) to support its growing boutique prime brokerage business. Albert Fried & Company was looking to gain a competitive advantage by using web-based performance reporting to enhance internal processes and
Jersey has affirmed its position as a leading centre for companies looking to list, with the volume and value of Jersey companies listed on exchanges around the world rising significantly in the past 12 months, according to figures collated by
Natixis has become a clearing member of Eurex Clearing’s Securities Lending central counterparty (CCP) as well as EurexOTC Clear. The Lending CCP now has six clearing members, while EurexOTC Clear has more than 40. “The CCP model for Natixis will not only help manage the rising
Altana Wealth has launched a new UCITs fund, The Altana Directors’ Dealings System Fund (ADDS), which is now open to external investors. The fund tracks the short term opportunistic buying behaviour of company directors in US liquid listed companies and
BATS Global Markets (BATS) is to acquire Hotspot FX, an institutional spot foreign exchange market, in a cash transaction valued at USD365 million. Closing is expected in the first half of 2015, and represents further expansion into non-equity trading
Conifer Financial Services, a provider of fund administration, middle office, trade execution, and prime brokerage services to the asset management industry, has received an unqualified opinion in the Service Organisation Controls (SOC) 1 TYPE 2 (SSAE 16) 2014 examination of
Columbia Management has launched a liquid alternative mutual fund, the Columbia Adaptive Alternatives Fund (CLAAX) providing investors with access to a multi-strategy fund from Blackstone Alternative Investment Advisers. Through the convenience of a traditional mutual fund with daily liquidity and
SuMi TRUST Global Asset Services has launched the BlueBay Global Investment Grade Credit Fund managed by BlueBay Asset Management for exclusive distribution in Japan by Sumitomo Mitsui Trust Bank Limited (SMTB). The Fund has been structured as a Cayman Island
Global Markets Exchange Group International (GMEX Group) has taken a strategic stake, through its GMEX Technologies Limited (GMEX TECH) subsidiary, in the UK based post-trade software firm Avenir Technology Limited (Avenir). Avenir has developed a suite of innovative and cost
