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Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has launched a new Cost Basis solution.
Exchange Data International’s Worldwide Equity Cost Basis (WECB) enable users to track both a security’s cost basis, its evolution and its descendant’s cost basis & evolution up to the current date.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “EDI while expanding its Reference Data offering to cover all asset classes is also looking to expand into value added services. In addition to recently launching an equity analytical service, EDI today launched a verification tool for determining
By Blake Estes, counsel in Alston & Bird’s Financial Services & Products Group – Following the financial crisis, the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions (IOSCO), as directed by the G-20 countries, developed consistent global standards for margin requirements for uncleared derivatives to reduce systemic risk in the derivatives markets.
Derivatives regulators across the globe, including in the US, have used these margining standards to develop their own local margin rules to be implemented over five phases, with the first phase beginning in September 2016 and the fifth and final phase due to commence on
Strong uptrends in equities, bonds, the US Dollar and gold helped push managed futures funds to another profitable month. CTA funds posted a 0.98 per cent return in July, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
For the year-to-date, CTA funds finished July up 5.24 per cent.
“US-China trade war concerns coupled with the very real possibility of a no-deal Brexit and expectations of Fed loosening set the stage for big moves in equity, fixed income, currency and precious metals markets,” says Sol Waksman (pictured), president of BarclayHedge. “Momentum traders reaped the rewards
Capital markets and banking technology specialist Sensiple is bringing its Regtech product SETREGA for MiFIDII, SFTR and EMIR compliance and reporting to the FR2 data centre in Frankfurt as part of a new agreement with Transaction Network Services (TNS).
Sensiple will use TNS’ managed hosting, colocation and connectivity service to give market participants fast, secure and efficient access to its Regtech system, which is designed to integrate with any financial services firm, including buy/sell sides and venues. It can collect, transform and process regulatory data and generate regulatory reports in specific formats with minimal customisation, making it quicker and simpler
The Maples Group’s law firm, Maples and Calder, has appointed Heidi de Vries as the Managing Partner of its London office. De Vries (pictured) will take office on 1 December 2019, succeeding Paul Govier who is retiring from the firm.
Govier joined the firm 17 years ago and will continue to support the London office in a consultancy capacity until November 2020.
With immediate effect, de Vries will assume the position of Joint Managing Partner, working alongside Govier and will take on the role of sole Managing Partner from 1 December 2019.
De Vries has extensive investment funds’ expertise
Neptune Networks (Neptune) has launched a new composite product, produced in collaboration with CME Group, to provide clients access to a ‘higher quality representation’ of the global bond market.
This latest addition to Neptune, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from data calculated from a combination of AXE/INV positions and two-way streams. Due to Neptune’s existing distribution channel, the company says the data received is of a superior level, creating a higher quality composite.
“The finance industry is quickly adapting to a new world of data. Evolving demand resulting in
The TAO Alternatives liquid alternative investment strategy has, as of July 2019, reached a 7.01 per cent net YTD for its Diamond I SICAV (LU1680844807) on the LRI Group UCITS platform. LRI Group is an investment services company and part of the global Apex Group.
The TAO Alternatives Strategy is recognised as being one of the longest standing in the Macro/Risk Premia space, with a track record stretching back over 12 years.
The strategy has a unique investment approach developed by Achim Motamedi (pictured), LRI Group Fund Manager for the Diamond I SICAV. The aim of the investment approach
Alternative asset manager Gresham House has appointed Geoff Lambert as Head of Compliance, effective 19 August 2019. Based out of the firm’s London office, Lambert will report to Samee Khan, General Counsel and Company Secretary of Gresham House.
Lambert joins Gresham House from Nikko Asset Management Europe (NAME), where he was responsible for leading the compliance team to ensure NAME met all its regulatory responsibilities, implementing MAR regulation and conducting ongoing project work for MiFID II, including project implementation. Lambert has more than a decade of industry experience, having previously held compliance roles at Henderson Global Investors and Royal London Asset
Gramercy Funds Management has appointed Jeffrey D Sharon, CFP, CIMA as Global Head of Business Development. Sharon will be responsible for the firm’s marketing, distribution and investor relations efforts and will also serve as a member of Gramercy’s Management Team.
Sharon brings 25 years of expertise in the asset management industry, as a business development professional and successful leader of institutional sales and client service teams. Prior to joining Gramercy, Sharon spent nine years at OFI Global Asset Management, an OppenheimerFunds Company. He was most recently the Head of North America Institutional, where he was instrumental in the firm’s growth through
The latest consultation by the Derivatives Service Bureau (DSB) has revealed significant industry appetite for further analysis on functionality that may be helpful in delivering improved data quality, standardisation and automation as well as further strengthening the DSB’s cybersecurity processes and governance.
This second consultation by the DSB, which was founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, closed on the 29 July with nine responses representing 12 institutions, four of which were
