Funds
Moab Capital Partners, an alternative investment fund manager with over USD485 million of consolidated assets under management across their hedge funds and other product offerings, recently selected Maples Fund Services to provide a full suite of hedge fund administration services.
Maples Fund Services will provide a range of administration services, including fund accounting and investor services, for the hedge funds managed by Moab. Maples Fund Services’ customisable approach and sophisticated infrastructure, coupled with the expertise of its team in working with debt funds, were key elements in the asset manager’s decision to migrate from its existing fund administrator. Maples Fund
Global growth concerns increased in September, with the Fed holding a very dovish line, while several idiosyncratic market events, such as Volkswagen and Glencore, contributed to uncertainty and negative returns in markets.
The challenging month contributed to the third quarter being the worst quarter in performance terms for many risk asset markets since 2011. For the month, global equities as measured by the MSCI World index were down 3.6 per cent, while the US Dollar index and the Barclays US Aggregate Bond index were up 0.6 per cent and 0.7 per cent, respectively.
The correlated sell-off in risk assets
FCA-regulated Divisa UK Limited (Divisa Capital) has acquired Laboratory of Financial Technologies CJSC (FinLab), a financial services provider incorporated in the Republic of Armenia.
The firm, renamed Divisa AM CJSC (DAM), will relaunch in the final quarter of 2015 as a wholly owned subsidiary of Divisa Capital offering wholesale API and MT4 prime-of-prime solutions for institutional and professional clients.
The strategic acquisition enables Divisa to make maximum use of Armenia’s geopolitical position – the country is a gateway to the Eurasian Economic Union (EEU) and can be used as hub for servicing nearby Middle Eastern nations.
The
Market conditions remain challenging, particularly in the US where the S&P 500 fell 3 per cent during the period under review. Part of this movement was related to adverse developments in the health care sector which suffered a severe drawdown after Hillary Clinton hinted that she would reform the sector and introduce price curbs if elected next year. This follows the controversial decision by a pharma company to significantly raise the price of decade-old drugs.
Deutsche Börse Market Data + Services is launching the new information product ‘Intraday Volatility Forecast’ on 23 November. The new analytic delivers ten-second, one-minute and ten-minute volatility forecasts for the futures of DAX, EURO STOXX 50 and Euro-Bund.
“Our forecasts can help traders assess the likelihood of price changes and therefore the risk involved in using certain automated strategies. The forecasts can also be used by screen traders in live trading and serve as input for pre-trade transaction cost analysis”, says Georg Gross, Head of Information, Market Data + Services, Deutsche Börse. “With the Intraday Volatility Forecast, traders can profit
The September 2015 average daily transaction value on the Euronext cash order book stood at EUR8,071 million (+35 per cent compared with September 2014).
It was the most active September month in terms of average daily transaction value since 2008. Furthermore, 18 September was the second most active day of the year with EUR18.1 billion traded. Activity on ETFs remained particularly dynamic during September with an average daily transaction value at EUR614 million, up 105 per cent compared to September 2014.
The average daily volume on equity index derivatives was up at 247,100 contracts (+9 per cent compared with
OTAS Technologies’ market intelligence and data analytics solutions will be available directly within Portware Enterprise.
The partnership will enhance real-time, actionable market intelligence at the point of decision making for Portware clients, further enabling them to get ahead of the market.
“Portware clients are the most progressive global institutions and demand leading edge technologies that deliver enhanced trade analysis and decision support,” says Alfred Eskandar, CEO of Portware. “We are committed to having an open platform that integrates with our clients’ workflows and their third parties of choice. Partnering with cutting-edge companies like OTAS is one of the ways
Celoxica, a provider of accelerated market data, order entry and pre-trade risk solutions for the electronic trading community, has extended its Celoxica Ticker Plant (CTP) portfolio to include EUREX EMDI and EOBI Eurex feeds.
As one of the largest and most liquid derivatives exchanges in the world, and with trading volume exceeding 1.5 billion contracts a year, EUREX continues to generate increasing volumes of market data across its diverse product set.
Celoxica’s CTP is a hybrid software and hardware-accelerated, normalised, multicast market data solution, delivered via a single server utilising FPGA technology. The CTP for EUREX enables consumers
All six of Market Vectors Index Solutions’ (MVIS) investable Long/Short Equity Indices produced negative returns in September. Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors Western Europe Long/Short Equity Index was the month’s biggest loser with a return of -2.15 per cent, followed by the Market Vectors Global Long/Short Equity Index (-2.08 per cent), the Market Vectors Emerging Markets Long/Short Equity Index (-1.59 per cent), the Market Vectors Asia (Developed) Long/Short Equity Index (-1.57 per cent), the Market Vectors Global
Peter Cameron (pictured), Associate Fund Manager, EdenTree Investment Management, on why the Fed won’t hike interest rates…
The data out of the US so far this month indicates the US economy is not immune to what’s been happening to the rest of the world.
Yesterday’s ISM Manufacturing index missed expectations and fell sharply from the previous month; indeed the reading of 50.2 is barely in expansionary territory. And today we’ve had weak non-farm payrolls and flat-lining wage growth. In this environment, and with ongoing concerns around China’s slowdown, it’s hard to see any reason why the Fed would consider hiking
