The industry decision to close the US markets for two trading days due to Hurricane Sandy resulted in a nine per cent decrease in the number of trading days in October 2012 for NYSE Euronext’s US cash equity and equity
One-year-old startup the Diamond Standard Co has launched the world’s first fungible diamond commodity product – a universal asset to secure any digital transaction. “Diamonds are a valuable natural resource, but unusable by institutional investors. Unlike gold and platinum, each
Pico, an infrastructure, connectivity, data and cloud technology provider to the global financial services community, has launched a new colocation facility and direct connectivity to the Hosting Services Data Centre of Hong Kong Exchanges and Clearing Limited (HKEX). HKEX is
Eurex Clearing’s EurexOTC Clear for Interest Rate Swaps (IRS) successfully went live on 13 November 2012. The launch was supported by Eurex Clearing’s cooperation banks Barclays, Citigroup Global Markets Ltd, Credit Suisse, Deutsche Bank and JP Morgan. In addition, Commerzbank,
After the success of its initial Gaining the Edge-Hedge Fund Educational Webinars, Agecroft Partners has announced that it is to run the series monthly. “When we first launched the webinar series, we were very excited about the technology and enhanced
Global broker Mariana UFP has selected TORA ’s cloud-based order and execution management system (OEMS) for pairs trading in London, New York and Melbourne. Pairs trading involves simultaneous buying and selling of multiple securities when the relative prices hit certain
Accusource, a provider of middle- and back-office operational services, has teamed with Canoe Intelligence, in a bid to bring ‘efficiency, speed and increased accuracy’ to the investment management industry. Institutional investors and family offices manage complex portfolios that often include
The hedge fund industry took in USD3.4bn (0.2 per cent of assets) in September, building on a USD7.7bn inflow in August, according to a report by BarclayHedge and TrimTabs Investment Research. Based on data from 3,004 funds, theTrimTabs/BarclayHedge Hedge Fund
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has elected four new global directors and a new regional leader. Rajpal Arulpragasam, Suzanne Currie, Amy Lawrence and Gary Markham will all serve three-year terms as new
The performance of hedge fund strategies exposed exclusively to equity-related risk factors remained positive despite October’s challenging market environment thanks to a strong dynamic alpha, according to the Edhec-Risk Alternative Indexes. Equity market neutral rose by 0.34 per cent and
