Funds
With the starting line for implementation only two months away, Justin Hayes, product manager at Linedata, says fund administrators and investment managers need to get to grips with the OECD’s Common Reporting Standards, dubbed ‘Global FATCA’, before it’s too late.
“Financial institutions in early adopter jurisdictions, including the UK, Ireland, France and Germany, now have just two months until they will need to implement the OECD’s Common Reporting Standards (CRS). Fund administrators and investment managers must waste no time in putting in place procedures required to meet the burdensome new global rules around the exchange of tax information.
“Early preparation
BCS Financial Group, the largest broker of securities on the Moscow Exchange, has overcome challenging market conditions in Russia in the first six months of the year to achieve significant growth compared to the first half of 2014.
Despite a difficult year for Russian equity markets, with lower volumes and falling equity valuations, BCS, which is independently owned, has increased both revenue and profit – vastly outperforming both the Russian market and competing firms.
The results come on the back of the company’s first move into the American market with the strategic acquisition of Alforma Capital Markets Inc, the
Liquidnet saw record third quarter performance in Europe as institutional investors increasingly searched for size and improved execution quality, ahead of the Markets in Financial Instruments Directive (MiFID II) rules taking effect in January 2017.
These rules are expected to bring about tougher best execution requirements and caps on trading within dark pools.
In Q3 2015, average execution size was USD1.5 million. Total principal traded climbed to USD34.7 billion, up 18.98 per cent year-over-year (YoY), with continued strong growth coming from Continental European members up 41 per cent to USD2.8 billion total principal traded YoY.
“More and more
Start-ups in ASEAN are drawing increasing attention from venture capital firms and several countries have put in place measures to encourage such activities. The appetite for venture capital investments has seen a growth in both the number of deals and aggregate value transacted between 2014 and 2015 YTD. On the other hand, buyout activity has yet to match the peak seen in 2014.
In 2014-2015 YTD, there were 401 venture capital deals completed in ASEAN, totalling USD2.2 billion in aggregate value. When looking at buyout activities in the same timeframe, a total of 81 private equity-backed buyout deals were transacted
Indus Valley Partners (IVP), a provider of technology solutions to alternative asset managers, celebrated its 15th year in the hedge fund industry this month by adding its 100th client to a long list of alternative asset managers using its solutions.
Now considered one of the largest independent solutions providers to hedge funds, IVP has clients with more than USD850 billion of assets under management on its platform.
Since it’s founding in 2000, IVP has built a business initially focused on the sell-side to one that is an integral part of the buy-side alternative asset management industry. With projections indicating
Six months after the transfer of agricultural products to the European Energy Exchange (EEX) the exchange registered a significant volume record on its dairy future markets. This is also the highest daily volume ever traded on a futures market for dairy products in Europe.
On 23 October 2015 a total of 324 contracts were traded on the dairy future market, corresponding to a volume of 1,620 tons. 108 contracts were traded in Butter Futures (equivalent to 540 tons) while 216 contracts were traded in Skimmed Milk Powder Futures (equivalent to 1,080 tons).
As of 11 May 2015 EEX has been
A new qualification, the Certificate in Finance and Technology (CFT), has launched as the first and only global qualification designed specifically for technologists in financial institutions.
The CFT is unique in giving technology professionals in financial services organisations a genuine understanding of the business context in which they operate. By bridging the gap between the worlds of finance and technology, the CFT helps financial institutions to maximise the value of their technology teams, as well as helping candidates advance their careers.
Rob Woods (pictured), co-founder of the CFT, says: “The gap in understanding between financial services and technology specialists
TradeSocio, a marketing software provider for brokers, has launched a marketing automation and analytics platform designed specifically for forex and futures brokers.
The platform analyses traders’ behaviour, allowing brokers to automatically send targeted messages to individual traders at the optimal times.
TradeSocio’s new marketing platform provides brokers with a suite of tools to increase their demo-to-live account conversion rates, attract new traders, increase trading volume, and improve the retention of existing traders. The platform achieves this by collecting trading data, and then allowing brokers to build automation ‘workflows’ to send emails to traders when certain conditions are met.
Brokers can
Nissan Century Securities (Nissan) has implemented an Orc Execution Bricks solution to meet the growing demand for high performance connectivity to the Japan Exchange Group (JPX).
Nissan Century Securities is one of the top financial securities firms in Japan, engaging in financial brokerage business. The Execution Bricks solution enables clients of both Orc and Nissan to trade derivatives on the JPX via Nissan’s membership. This joint offering not only ensures quality market access but also regulatory compliance through the use of Orc Flow Control, Orc’s award winning pre-trade risk management tools.
“We are pleased to leverage Orc’s electronic execution solutions
Object Trading is expanding its Direct Market Access Service Platform by co-locating its managed software, client gateways and global connectivity network in the Australian Liquidity Centre (ALC), the Australian Securities Exchange’s data centre.
The ALC is the only purpose-built facility designed to meet the needs of the Australian financial markets community, as well as provide access to all ASX execution and information services. By co-locating in the ALC, Object Trading will be able to extend the availability of its specialist services to the ALC’s expanding community.
Gerry Turner (pictured), Executive Director, Object Trading, says: “We have been proud vendors of
