Managers
ITG has added trading in India and Taiwan equities to the award-winning POSIT Alert crossing network. ITG now offers POSIT Alert in ten Asia Pacific markets, reflecting the ongoing demand for crossing tools in the region and reinforcing ITG’s global commitment to high quality, block size liquidity for institutional investors.
In addition to India and Taiwan, the POSIT Alert block crossing platform is now available for trading Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines and Singapore as well as 22 EMEA countries, Brazil, Canada, Mexico and the U.S.
Ofir Gefen (pictured), Head of Electronic Brokerage for ITG in
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has fully implemented ISO 15022 messages for its Worldwide Fixed Income offering.
The EDI service provides a comprehensive overview of the global fixed income market. It covers new corporate, government bond and government agency issues from 150 countries, as well as changes to their terms and conditions.
The newly released ISO feed is available on its own or integrated with EDI’s existing Equity SWIFT ISO 15022 offering. It covers all messages, including cash flows, partial and full redemptions and conversions. It also captures defaults and bankruptcies.
Kevin Brady, EDI’s
The Chicago Board Options Exchange (CBOE) has created five new options-based strategy performance benchmark indexes that focus on options as risk management and yield enhancing investment tools
Index values for the new benchmarks, which are tied to the Russell 2000 Index (RUT), will be available on CBOE's website and from quote vendors beginning Monday, November 23, 2015.
Inspired by CBOE's flagship strategy benchmark series, the new benchmarks use RUT options to create a CBOE Russell 2000 PutWrite Index, a CBOE Russell 2000 Zero-Cost Put Spread Collar Index, a CBOE Russell 2000 30-Delta BuyWrite Index, a CBOE Russell 2000 Conditional
The Depository Trust & Clearing Corporation (DTCC) has launched its Data as a Service (DaaS) offering, the latest solution available through its centralised and dynamic data provisioning service.
The newest offering from DTCC Data Products transforms the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, providing firms with new insights on trading activities across multiple asset classes.
DTCC has unparalleled access to financial markets data, enabling its clients to directly source reliable, enriched and unique market and reference data. The DaaS offering provides subscribers access to their own firm-specific transaction
To date, most hedge fund strategies are up in November as previous trends in FX and commodities continue unabated. The renewed fall in commodity prices has triggered another leg down in energy stocks in November. As a result, the defensive positioning of hedge funds on the commodity complex has been rewarding.
The London Metal Exchange (LME) has launched LME Aluminium Premiums, LME Steel Rebar and LME Steel Scrap, the first new contracts to be offered by the Exchange in more than five years.
“Today’s announcement highlights the LME’s new approach to market engagement,” says Garry Jones (pictured), CEO of the LME. “This has been an extremely customer-focussed product launch, and we have collaborated with participants throughout the metals value chain to ensure we have created contracts that people want to trade.”
The new Scrap and Rebar contracts will be traded on LMEselect, allowing industry participants to reduce their risk exposure
In a globally volatile investment market, performance gains in the hedge fund industry helped push assets in the space to USD3.086 trillion in October, according to the latest eVestment Hedge Fund Asset Flows Report.
While many question the value of hedge funds, performance gains during a turbulent period can highlight their value as part of a balanced investment portfolio.
Not all segments benefitted equally, however.
Total hedge fund assets increased 1.56 per cent in October 2015, the industry’s largest monthly increase since September. Performance gains accounted for the majority of the asset increase. Investors added an estimated USD4.58
The SS&C GlobeOp Forward Redemption Indicator for November 2015 measured 4.90 per cent, up from 2.96 per cent in October.
“SS&C GlobeOp’s Forward Redemption Indicator for November 2015 of 4.90 per cent rose from 2.96 per cent in October 2015 primarily due to seasonal factors,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The months of November and December typically show the highest readings of the year for the Forward Redemption Indicator due to year-end rebalancing. Looking at the comparison on a year-over-year basis, the November 2015 redemptions of 4.90 per cent were actually lower than 5.05 per cent for November 2014 and,
Emerging Market hedge funds posted strong performance gains in October, driven by exposure to China and Russia, as risk tolerance and liquidity returned to emerging equity markets, with the HFRI Emerging Markets Index up +3.4 per cent.
That was the index’s first positive monthly performance since April, according to the latest HFR Emerging Markets Hedge Fund Industry Report.
Total hedge fund capital invested in emerging markets fell by over USD11 billion in 3Q, down from the mid-year record level, to USD187 billion (RMB 1.19 trillion, 12.2 trillion Russian Ruble, 716 billion Brazilian Real, 701 billion Saudi Riyal, 12.3 trillion
The low quality rally in October, most notably during the first 10 days of the month, dented performance of the Saemor Europe Alpha Fund considerably, resulting in a loss of 3.5 per cent for the month.
While the long book contributed positively on the back of the overall market strength, it underperformed the underlying market because of a low risk bias. Most of the losses were generated in the Consumer Discretionary, Consumer Staples and Industrials sectors. Short positions in Fresnillo, CWC and BMW were unsuccessful. The biggest positive stock contribution came from the fund’s long position in Peugeot.
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