Managers
Misys, the leading financial software company, has signed an agreement with targit GmBH to become a member of the InFusion Partner Programme.
Misys and targit have been collaborating for many years with targit providing consulting, systems integration and project management support within the Germany-Austria-Switzerland region.
targit will focus on supporting the operations of financial institutions, implementing trading systems and risk management utilising the latest market-leading solutions from Misys. targit’s highly-skilled consultants have a deep knowledge of both Misys FusionCapital and FusionRisk, especially around software implementations and upgrades. targit’s product and IT expertise helps customers develop a centralised and
Net revenues for the NASDAQ OMX group were USD517 million in the fourth quarter of 2014, down 1% from USD520 million in the prior year period, driven by the impact of foreign exchange rates.
On an organic basis, excluding the impact of foreign exchange rates, fourth quarter net revenues increased 3% year-over-year.
"Nasdaq's record profitability resulted from its improved strategic positioning, successfully meeting the evolving demands of our diverse client base, and maintaining the organization's relentless focus on efficiency," says Bob Greifeld, CEO, Nasdaq. "Moreover, the strong results in the fourth quarter, and 2014 overall, were driven by both
Albert Fried & Company has selected SS&C’s Global Wealth Platform (GWP) to support its growing boutique prime brokerage business.
Albert Fried & Company was looking to gain a competitive advantage by using web-based performance reporting to enhance internal processes and client service. The broker-dealer will use SS&C’s performance and client reporting capabilities as part of a hosted middle- to –back-office platform to provide customers with high quality analysis and reporting.
The software will be deployed on a hosted basis, allowing Albert Fried to minimise internal technology costs while leveraging SS&C’s data management capabilities.
“Over the past several years,
Jersey has affirmed its position as a leading centre for companies looking to list, with the volume and value of Jersey companies listed on exchanges around the world rising significantly in the past 12 months, according to figures collated by Jersey Finance.
The latest figures show that there are now a total of 110 Jersey companies listed on exchanges around the world, reflecting growth of 13% on 2013 figures, whilst the total market capitalisation of those companies rose by around 62% year-on-year to GBP269 billion in 2014.
Of the 110 companies, 57 are quoted on the London Stock Exchange’s (LSE)
Natixis has become a clearing member of Eurex Clearing’s Securities Lending central counterparty (CCP) as well as EurexOTC Clear. The Lending CCP now has six clearing members, while EurexOTC Clear has more than 40.
“The CCP model for Natixis will not only help manage the rising burden of balance sheet regulation and costs, we believe it will also prompt new stock lending structures and business opportunities with non-standard profile counterparties,” says Gregoire Froehlich, Trader-Securities Lending & Borrowing, Natixis.
“Going live with EurexOTC Clear is a key milestone in our strategy of offering our clients a large choice of CCPs ahead of the EMIR mandatory clearing roll-out.
Altana Wealth has launched a new UCITs fund, The Altana Directors’ Dealings System Fund (ADDS), which is now open to external investors.
The fund tracks the short term opportunistic buying behaviour of company directors in US liquid listed companies and replicates the best 0.5% of their trades. Rigorous back testing of the system shows that during the period 2003 to 2014 ADDS significantly outperformed the S&P 500 index. The strategy has already attracted significant investor interest including a large external cornerstone investor.
The strategy has been running live in a (non-UCITS) wrapper since November 2014 and recorded gross returns of
BATS Global Markets (BATS) is to acquire Hotspot FX, an institutional spot foreign exchange market, in a cash transaction valued at USD365 million.
Closing is expected in the first half of 2015, and represents further expansion into non-equity trading businesses for BATS as it enters the world’s largest asset class. Turnover for the global FX market was estimated at USD5.3 trillion in 2013.
Joe Ratterman, Chief Executive Officer of BATS, says: “Hotspot is an innovative foreign exchange leader which will become an important part of our expanding global footprint, and we are excited to welcome their highly-regarded team to
Conifer Financial Services, a provider of fund administration, middle office, trade execution, and prime brokerage services to the asset management industry, has received an unqualified opinion in the Service Organisation Controls (SOC) 1 TYPE 2 (SSAE 16) 2014 examination of its fund administration entity, Conifer Asset Solutions.
Notable among the reports is the laudable lack of exceptions achieved by the business sector pertaining to Fund Services and Middle Back Office.
The SOC 1 Type 2 examination was conducted in accordance with the American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements No. 16 (SSAE 16) and
Columbia Management has launched a liquid alternative mutual fund, the Columbia Adaptive Alternatives Fund (CLAAX) providing investors with access to a multi-strategy fund from Blackstone Alternative Investment Advisers.
Through the convenience of a traditional mutual fund with daily liquidity and multiple share classes, the fund offers investors access to a range of underlying hedge fund advisers selected by Blackstone, and to alternative beta strategies and non-traditional asset classes (including commodities, REITs, inflation-linked bonds and listed private equity) managed by Columbia Management.
The structure of the fund can provide several benefits: Access to a wide array of alternative investments and strategies
SuMi TRUST Global Asset Services has launched the BlueBay Global Investment Grade Credit Fund managed by BlueBay Asset Management for exclusive distribution in Japan by Sumitomo Mitsui Trust Bank Limited (SMTB).
The Fund has been structured as a Cayman Island open ended Unit Trust and will be distributed to the SMTB Trust Bank pension fund clients in Japan.
The Fund launched with USD69 million and offers both accumulation and distribution share classes denominated in Japanese Yen, both hedged and unhedged. BlueBay will be targeting returns that aim to meet the expectation of Japanese Pension Funds. SuMi TRUST global Asset Services will
