Funds
BATS Global Markets (BATS) has reported record market share in both its US options and US exchange-traded fund (ETF) trading businesses in September.
In US options, BATS reported market share of 11.0 per cent in September, surpassing the previous record of 10.9 per cent set in August 2015. In September, BATS was also the market leader in single-leg equity option trades with 17.5 per cent market share, up from 17.3 per cent in August when BATS was also the market leader1.
In US equities, BATS reported market share of 22.0 per cent in September, tying the 22.0 per cent
UBS Hedge Fund Solutions has become the first investment manager to re-domicile a Cayman fund as an ICAV under the Irish Collective Asset-management Vehicle Act of 2015.
ICAVs are a new corporate fund vehicle in Ireland which are tailor-made for investment funds as they combine the advantages of each of the existing fund vehicles used in Ireland into one. The result is a more efficient and effective fund structure over the alternatives, such as a public limited company, with a simplified compliance framework and enhanced distribution opportunities.
UBS Hedge Fund Solutions, the Investment Manager, collaborated on the development
Soltra, a joint venture of FS-ISAC and The Depository Trust & Clearing Corporation (DTCC), is to launch the Soltra Network, a new offering designed to connect cyber threat intelligence sharing across intelligence producers, intelligence consumers, communities and cyber security tools.
The new service will work alongside Soltra’s existing threat information sharing platform, Soltra Edge. Soltra Edge was developed in partnership with the financial services industry; its cyber security capabilities have been extended to other key segments, including the retail and healthcare sectors.
Soltra Edge acts like a threat intelligence server that aggregates and distributes threat content within an organisation and
The results of the latest Valuations Index from the CFA Society of the UK (CFA UK) show that the proportion of respondents who view Developed Market Equities as undervalued has more than doubled, whilst the number who view them as overvalued has fallen sharply.
This swing suggests that Developed Markets may be stabilising following the recent market volatility. The number of investment professionals surveyed who regard Developed Market Equities as overvalued has fallen below 50 per cent for the first time in 2015, dropping from 61 per cent in Q2 to 47 per cent in Q3. Similarly, those polled who
FIX Trading Community has formed a new Working Group to focus on the growing number of Digital Currency and Blockchain technology initiatives. Many of the FIX Trading Community members have internal groups focusing on this topic.
With the creation of the FIX Trading Community’s new Digital Currency and Blockchain Working Group, this will enable wider business and technical discussion and collaboration.
The core focus of the Digital Currency and Blockchain Working Group is to identify, analyse and define use cases and integration points for digital currency and distributed ledger technologies across the spectrum of capital markets requirements, and recommend best practices for FIX implementation and usage
As part of its strategy to develop its derivatives segment, Euronext is introducing the first “Spotlight Options” on the Paris market.
The dedicated segment for spotlight options benefits from a unique market model designed by Euronext to give more visibility to underlying assets, such as medium and smaller sized companies and newly listed stocks. Eight new “Spotlight Options” have been admitted to listing with immediate effect, following the companies’ successful IPOs on Euronext in Paris: Coface, Elior, Elis, GTT, Numericable Group, Tarket, SPIE and Worldline.
The extension of the segment to Euronext Paris follows the success of the spotlight options
A group of strategic investors are to acquire a controlling ownership interest in Canadian asset manager Front Street Capital through a new company FS Group Holdings Ltd.
The transaction is expected to close prior to 31 December, 2015, subject to approval of Canadian securities regulatory authorities. The terms of the agreement have not been disclosed.
"We are excited to make this investment, and partner with one of the most dynamic and talented management teams in the Canadian asset management industry," says Gordon McMillan, one of the principals of the Investor Group. "We intend to build upon Front Street Capital's
This factsheet from Preqin brings you up to speed with the latest data and information on private equity backed deals and exits that took place in Q3 2015. The factsheet features top-level industry statistics, key takeaways and listings of the largest deals and exits to have occurred in the third quarter.
View the factsheet here.
Nasdaq has officially launched new trade surveillance monitoring capabilities for dark trading activity alongside its award-winning SMARTS Trade Surveillance platform.
"Trade surveillance can no longer be limited to lit trading," says Rob Lang, Vice President, Business and Product Development, Risk & Surveillance Solutions, Nasdaq. "Regulators globally are taking a more active role in monitoring and enforcing greater transparency in the trading of listed instruments away from lit venues generally, and of trading behaviours within dark pools specifically. We see the need to address these new demands and support dark venue operators and those executing in the dark to boost their
Harcourt, the Alternative Investment brand of Vontobel Asset Management, has launched a SICAV-SIF compliant version of its flagship fund of hedge funds strategy, previously only available in a mandate format.
The Harcourt Alternative Leaders Fund, which is only available to institutional investors, is based on a managed account which launched in November 2000. The fund leverages the expertise and investment capabilities of Harcourt’s Hedge-Fund Solutions & Advisory team, which has more than 17 years of experience building and managing customised hedge fund portfolios for institutional clients.
Ilario Scasascia (pictured), Portfolio Manager, says: “Given the continued importance of macroeconomic drivers, especially
