The Depository Trust and Clearing Corporation (DTCC), in collaboration with the financial services industry, has formed an industry steering committee to drive the implantation of two-day settlement cycle (T+2) in the US. DTCC has teamed up with an industry working
The theme of digitalisation took centre stage at the annual Meet the Regulator Forum held by the BVI’s financial regulator, the Financial Services Commission (‘FSC’) this July. During the forum, Deputy Managing Director, Corporate Services of FSC, Jennifer Potter-Questelles emphasised the importance
At the derivatives markets of Eurex an average daily volume of 12.7 million contracts was traded in April compared with 11.8 million in April 2009 – an increase of eight per cent. Thereof, 9.4 million contracts were traded at Eurex
By Paul Waldron (pictured), Harneys BVI – The BVI approved manager product, first introduced in 2012, continues to be a popular choice with start-up and emerging managers all over the world. It was introduced as an alternative to the full
By Christopher Simpson & Kerry Anderson – News outlets, including The Guardian and CNBC, were reporting and market watchers were opining in early 2019 that a slowing world economy forebodes a major global economic shift – possibly another recession. By mid-August,
EIM has been awarded a €15m hedge fund of fund mandate from Stichting Pensioenfonds TNO (SPF TNO), the pension fund of TNO, the leading provider of independent contract
Nicole McDermott, a former executive with Phoenix-based Security Trust, has pleaded guilty to securities fraud related to illegal late trading of mutual fund shares by h
Morgan Stanley is to become a clearing member of the Eurex Clearing’s Securities Lending CCP. Both partners aim to have finalised the process by the end of October. “Morgan Stanley is supportive of CCP solutions for securities lending such
Shaking off the frustrating association of blame for the global financial crisis, equity derivatives in Europe are now attracting buy-side traders who have been struggling with laggard volumes, fragmentation in the cash markets and the need for new avenues of
eFront, a software provider of financial solutions for managing alternative investments, has extended its partnership with international technology consulting firm Methys, naming it the integrator for all eFront solutions in Africa. The two companies will build on the partnership’s successes
