On 3 December 2018, the Cayman Islands Monetary Authority (CIMA) published amendments to December 2017’s AML Guidance notes on the Prevention and Detection of Money Laundering and Terrorist Financing. Under the AML/CFT regime, a clear distinction has been made between delegation
The National Securities Clearing Corporation (NSCC) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to provide its members with a new tool designed to serve as an early warning system that alerts those firms to
BCS Americas (BCSA), a division of BCS Global Markets (BCS GM), has launched a new trading platform that will provide global equity execution and settlement capabilities to institutional investors with access to a suite of algorithmic trading tools accessible 24
B2C2 OTC, the UK subsidiary of cryptocurrency liquidity provider and electronic OTC trading specialist iB2C2, is now authorised and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading results on its spot segment in 2018 by reaching 1,111.2 TWh, improving its previous record (826.2 TWh in 2017) by over 34 per cent. The total traded
Over the last five or six years there has been tremendous consolidation in the alternative fund administration space, with the likes of SS&C Technologies and Apex Fund Services acquiring specialist fund administrators. At the same time, the industry has continued
Société Générale Corporate & Investment Banking has announced the appointment of Grégoire Déchy as head of hedge fund relations for the Asia-P
In a dramatic turnaround from previous years, the volume of fixed-income trading among US hedge funds if anything fell from 2007 to 2008, even as the overall market grew, according to Gree
Four third party administrators (TPAs) have selected Calastone for automated re-registration. Bank of New York Mellon and Northern Trust are now live with the service, IFDS will go live with its fully automated re-registration service later this month, and Capita
Wilmington, Delaware-based PNC Financial Services Group has announced that its PFPC fund administration business has been renamed PNC Global Investment Servicing.
