Managers
Nasdaq is to acquire Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture Securities, from Chi-X Global.
The acquisition will provide Nasdaq with direct access to the Canadian equities market. The deal is expected to close in the first quarter of 2016, and be accretive to the company's earnings at closing, excluding transaction-related costs.
“This acquisition is an important part of our North American strategy as Chi-X handles about 22% of the order flow of S&P/TSX Composite securities in Canada,” says Hans-Ole Jochumsen (pictured), President, Nasdaq. “The addition of these thriving marketplaces will
In this exclusive excerpt from Preqin's forthcoming 2016 Global Hedge Fund Report, due out in January, we take a closer look at how the hedge fund industry has changed over the course of 2015.
Welcome to the inaugural edition of the Hedgeweek end of year editorial report: Reflections on 2015. We are excited to bring to you, our readers, what we hope will be the first of many such annual reports. In this first edition you will find a wide selection of some of the most important articles that Hedgeweek has put together throughout the year, which best serve to illustrate key developments shaping the global hedge fund industry; all neatly packaged and presented. Xmas has indeed come early!
The hedge fund industry has undergone an incredible transformation in recent years. Fund managers have
The ECB decided to take additional easing steps on December 3rd, but as we feared the measures did not meet market expectations. As a result, equity and bond markets sold off in Europe, with global contagion effects on risk assets. The EURUSD bounced back while commodities rose as a result of a falling USD. The latter was also related to a testimony by J Yellen expressing a gradual approach to Fed rate hikes.
Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched a cybersecurity training video designed to help firms protect themselves against breaches.
Cordium says that major cybersecurity violations are frequently making headlines across the globe and as a result data protection is high on regulators’ agendas. Despite the news focusing on large organisations, over 60 per cent of all cyber-breaches happen to small companies. Cordium believes that its new training video provides firms and their employees with all the information and best practice advice they need to ensure their data and network
The Roberts Group (TRG), a provider of market data and subscription management solutions, has reported a record increase in new clients looking to better understand and manage their enterprise subscriptions and expenses.
Led by the universal need to drive down costs and maximise efficiency within market data and information services spend, TRG has doubled its new sales growth year over year and has seen significant success in the Australian market, investing time and resources to support its work with some of the largest banks in the region. TRG’s commitment to quality client service is what has led to a 95
The Depository Trust & Clearing Corporation (DTCC) has commended the US Administration, Senate and House of Representatives for taking action to strengthen global information sharing by signing into law legislation that removes Dodd-Frank’s indemnification provisions.
Eliminating these barriers to data sharing marks an important step in ensuring regulators globally obtain a consolidated and accurate view of the over-the-counter derivatives marketplace. DTCC has been a long-standing advocate for removal of the indemnification provisions and applauds Members of Congress and policymakers – both former and current – who supported this non-controversial, technical fix.
DTCC says it is looking forward to continuing to
Assets in the Old Mutual Absolute Return Government Bond Strategy, managed by Russ Oxley and his team, have exceeded GBP500 million (US$D55m)m just two months after launch
Oxley says: “I am delighted that our six-strong team have got off to such a strong start at Old Mutual Global Investors. It is also very pleasing to have received over GBP500 million of assets in such a short period of time as this demonstrates that investors continue to support our strategy. We now look forward to building on our successful three and half years managing this type of strategy.”
Donald Pepper,
Elian has formally completed its acquisition of SFM Europe. Merging Elian's existing International Finance team and the SFM Europe team, the combined service line will be made up of more than 150 employees, and it will be led by SFM Europe CEO, Robert Berry.
SFM Europe offers services for the management of securitisations, structured finance and asset finance to global banks, investment managers and blue chip corporates. The completion of this acquisition significantly bolsters and expands Elian’s international finance offering.
The deal, which was announced in September, brings Elian’s head count to 640 employees and increases its geographical spread
Euronext has joined the United Nations' Sustainable Stock Exchanges (SSE) initiative which aims to explore how exchanges can work with investors, regulators, and companies to enhance corporate transparency on Environmental, Social and Corporate Governance (ESG) issues.
Euronext’s five market operators Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, Euronext London and Euronext Paris have voluntarily committed – through dialogue with investors, companies and regulators – to promote sustainable, long-term investment and improved ESG governance disclosure and performance among the companies listed on their exchange.
In line with this initiative, Euronext continues to launch products related to the financing of the real economy
