Managers
Philadelphia Financial is to serve as a specialty carrier for M Financial providing the company’s member firms with access to private placement insurance product
Philadelphia Financial offers Variable Universal Life Insurance and Variable Annuity solutions through its US domiciled and Bermuda domiciled carriers and is active in the hedge fund space through its administration of insurance-dedicated funds (IDFs)
“M Financial’s Member Firms are among the most successful and innovative financial firms. We are proud to enter this specialty relationship focused on addressing the complexities associated with the globalisation of family wealth. Pairing our product offerings with M Member Firms’
August 2015 was CBOE Futures Exchange’s (CFE) second-busiest month of all time and its third consecutive monthly gain for 2015.
Average daily volume (ADV) in CBOE Volatility Index (VIX Index) futures rose 34 percent from July 2015 and 41 percent from August 2014.
Total volume in VIX futures for August was 6.4 million contracts, an increase of 28 percent from the previous month and 41 percent from a year ago. The August 2015 volume total includes VIX Weeklys futures contracts, which launched on July 23. August VIX futures' ADV was 304,964 contracts. August's total and ADV for VIX futures ranked
Aberdeen Asset Management has completed the acquisition of FLAG Capital Management, LLC (FLAG), a diversified private markets manager with offices in Stamford, CT, Boston, MA, and Hong Kong.
The acquisition, together with the previously announced purchase of SVG Capital’s stake in the joint venture Aberdeen SVG Private Equity Managers Ltd, sees Aberdeen join a small number of private equity managers with investment professionals on the ground in the world’s major markets. The combined team now has around 50 such professionals in the US, Europe and Asia.
Since inception, FLAG has raised over USD7 billion of discretionary commitments from its
Nasdaq is now supplying futures data to Interactive Data's product line through Nasdaq Futures, Inc (NFX), the exchange group's US-based designated contract market (DCM) that launched on July 24, 2015.
Interactive Data connects to NFX through its 7ticks service, a platform that combines exchange access and market data services, infrastructure managed services, proximity and co-location services and global connectivity. NFX data is supplied to Interactive Data's Consolidated Feed, a single delivery mechanism that connects to more than 400 global market venues, and through FutureSource, an Interactive Data desktop offering that gives futures and commodities industry participants pre- and post-trade analysis
Bloomberg Tradebook has launched an Electronic Trading Platform (ETP) in Japan, in support of the September 1 mandate for banks and securities firms to use electronic platforms for specified over-the-counter (OTC) derivative transactions.
Tradebook Japan is operating the new trading platform for its ETP, under the Japan Financial Instruments and Exchange Act (FIEA). As of 1 September, mandatory use of electronic trading platforms goes into effect, covering certain Japanese yen denominated interest rate swap transactions and affecting certain financial institutions with notional amounts of JPY6 trillion or more for specified OTC derivative transactions.
"Bloomberg is committed to support the
ChartIQ, a specialist in HTML5 financial charting, and Adaptive, an institutional front office software development consultancy, have launched a new integration via OpenFin, demonstrating the future of integrated HTML5 software for capital markets.
As banks look to replace or enhance legacy systems they are turning to HTML5 for rapid development of front office systems. Unfortunately, these applications are too often locked inside a browser, and don’t offer the seamless experience users expect from integrated market data terminals or trading applications. OpenFin provides firms with a desktop runtime that allows HTML5, Java, .NET and C++ applications to work together, bridging old
Euronext has received approval from the Israeli Securities Authority (ISA) to allow Israeli based qualified trading firms to have direct access to Euronext’s cash and derivatives markets.
The agreement will allow Israeli based firms to trade cash and derivatives on the regulated markets operated by Euronext. In addition, Euronext will now be able to promote its products locally with such qualified firms.
Lee Hodgkinson (pictured), Head of Global Markets and Sales and CEO of Euronext London, says: “In line with the impressive entrepreneurial and technological development of the country, Israel’s financial services community has rapidly evolved. The Israeli trading
The Retail Distribution Review has aided the recent rapid growth in ETF usage in the UK says Hector McNeil (pictured), Co-CEO, WisdomTree Europe. "Increasingly with the move to fee-based models, the alignment of the wealth adviser and investors is more apparent," he says. "It's now a much more symbiotic structure and basically the structure that they have in the US, where ETFs have taken off."
ETFs are cost effective, transparent and liquid, McNeil says, allowing a blend in asset allocation of active and passive funds.
"The majority of products are Delta one using either asset allocation or a core satellite
In terms of ETF assets under management, Lyxor Asset Management is in the top three in Europe, with USD54 billion in assets in ETFs, behind iShares and Deutsche Bank.
Arnaud Llinas (pictured), Head of ETFs and Indexing at Lyxor Asset Management says: "We are one of the major players in this industry in Europe , and the second largest issuer of ETFs in Europe in terms of inflows year to date." The firm first launched ETFs in Europe in 2001. "What we have particularly focused on since our creation is innovation. We try to be at the forefront of innovation,
By Nitesh Shah (pictured), ETF Securities – The commodity cycle is turning. Excess supply is being cut back across a broad range of commodities. While it will take time to reduce surplus stock, the trend is now set in the right direction. Sentiment however, remains stubbornly negative as multiple years of poor performance has jaded investors. We assert that if sentiment starts to realign with fundamentals there maybe scope for strong price gains. Exchange traded products (ETPs) allow investors to capitalise on such investment themes.
There are plenty of examples within the commodities space where sentiment and fundamentals are currently
