Funds
LMAX Exchange has launched LMAX Prime, a prime of prime service to provide retail brokers, hedge funds and asset managers with credit intermediation and bespoke liquidity arrangements with access to multiple venues.
LMAX Exchange will leverage its prime broker relationships, whilst also giving clients access to trading on ‘no last look’ liquidity from LMAX Exchange as well as on other execution venues.
Gareth Bowles, Head of LMAX Prime Sales, says: “There has never been more demand for the flexibility and cost advantages of prime of prime services than in the current environment. As major prime broker banks are either
Market headlines were focused on the greenback last week, and how its current strength could impact the Fed’s future path of monetary policy. The dollar has been on a surge for some time now, underpinned by robust US economic data, but this was particularly prevalent following strong non-farm payroll numbers, published last Friday.
BATS Global Markets (BATS) has completed its acquisition of Hotspot FX, an institutional foreign exchange (FX) market, from KCG Holdings.
The transaction was announced January 28th and received Hart-Scott-Rodino clearance from the US Department of Justice on 18 February. Hotspot will continue to be led by Bill Goodbody, Jr, who has managed the entity since 2008. He and the rest of the New York-area Hotspot team will be based in the BATS office in lower Manhattan.
BATS CEO Joe Ratterman, says: “Today is a major milestone for BATS as we expand into a truly global asset class, a market whose
ALTIN AG’s share buyback through a put options programme launched on 27 February has been very successful with 3,741,610 put options out of the 3,823,867 (97.85%) having been exercised.
This corresponds to the repurchase of 374’161 shares, or 9.78% of the share capital, very near the target level of 10% set by the Board of Directors. The repurchased shares will be cancelled after approval at the Annual General Meeting on 11 May 2015 and the capital will thus be reduced by 9.78%.
The share buyback has proven very effective in reducing the discount and the difference between the NAV
Montreux Capital Management has boosted the team behind its Commodity Trading Fund with the addition of experienced geologist and small cap mining entrepreneur Dr Steven Newbery.
Newbery, who is joining as an advisor to the fund, has more than 25 years’ experience in the discovery of base and precious metals. He has been responsible for the establishment, capital raising and market listing of a number of mining companies and has acquired significant industry experience at an executive level in volatile market environments.
Newbery is the founder of the Dubai-based MLI Group of companies, while he also resides on and acts
LMAX Exchange, an FCA regulated MTF for global FX trading, has become a member of the Linux Foundation, the non-profit organisation dedicated to accelerating the growth of Linux.
LMAX Exchange will be a part of the Linux Foundation’s new Core Infrastructure Initiative, a multi-million dollar project bringing together more than 20 major international technology companies, including Microsoft, Intel, Google and Cisco, to identify and fund critical open-source infrastructure projects in need of investment.
Andrew Phillips, Director of Technical Operations at LMAX Exchange, says: “At LMAX Exchange we are firm believers in the power of open source technology to upend
The SS&C GlobeOp Hedge Fund Performance Index for February 2015 measured 2.19%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.66% in March.
“March data showed a modest gain in the SS&C GlobeOp Capital Movement Index with both inflows and outflows somewhat muted, but broadly in line with seasonal expectations. The overall steadiness of the increase in hedge fund investments is noteworthy in light of recent higher volatility in financial markets. Clearly, there is considerable uncertainty around a number of issues: the direction of central bank policies, the EU response to Greece, the impact
Nasdaq has established a new energy futures market, Nasdaq Futures (NFX), with the support of leading commodities participants.
NFX will offer competitive pricing, an innovative clearing solution and high-performance technology for futures and options based on key energy benchmarks including oil, natural gas and US power, which will launch mid-2015 pending regulatory approval.
Nasdaq has secured support from prominent trading firms, inter-dealer brokers, and futures commission merchants (FCMs) to facilitate broad product distribution and early liquidity. Founding market participants include ABN AMRO Group, Advantage Futures, Goldman Sachs, JP Morgan, Morgan Stanley1 and Virtu Financial.
"Our strategy is always to meet
UBS Global Asset Management has listed a new ETF on the London Stock Exchange (LSE) offering investors access to commodities markets with the additional benefit of GBP currency hedging.
The UBS ETF (IE) CMCI Composite hedged GBP SF UCITS ETF is a swap-based ETF that enables investors access to broad commodities. The investment objective of the ETF is to deliver the performance of the UBS Bloomberg CMCI Composite Total Return GBP-hedged index by synthetically replicating the index performance through the use of futures contracts.
The UBS Bloomberg Constant Maturity Commodity Index is a 2nd-generation index which extends beyond use
ICAP Information Services (IIS) and CME Group have partnered with The Beast Apps Group to create and deliver RapidRV, a real-time market data and analytics tool designed to provide market participants with the capability to analyse relative value opportunities between the Over-The-Counter (OTC) and exchange-based futures markets.
"We're very happy to be partnering with CME Group and The Beast Apps Group to provide these real-time products and services for the futures and OTC markets," says Michael Kirby, IIS Americas Director. "As a leading OTC marketplace and data provider, ICAP is ideally situated to offer clients a unique view into the
