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The Derivatives Service Bureau (DSB) has announced the results from its first consultation of 2019, and the opening of its second consultation aimed to shape the DSB service provision for 2020.
The DSB 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.
The first consultation closed on 5 June 2019, and sought responses on a series of questions regarding the DSB’s service and functionality from both direct and indirect users. A total
Interest in alternative investment opportunities appears to be on the rise in continental Europe, according to the new eVestment Advantage Viewership Report covering activity on eVestment in June.
Seven of the top 10 rising universes by continental Europe investors and consultants using eVestment were non-traditional; UK-based Sagil Capital LLP’s Latin America Opportunities Fund LP was the most viewed within the Fundamental – Long/Short Equity universe and Luxembourg-based AlphaBee Asset Management Fund was the most viewed within the Fund of Funds – Multi-Strategy universe. Greylock Capital Management LLC’s Global Opportunity Master Fund Ltd., the most viewed product within the Event Driven
Latin American investment bank Banco BTG Pactual, together with Dubai-based asset manager Dalma Capital, are to utilise the Tezos blockchain for security token offerings (STOs), including the ongoing REITBZ STO.
By utilising the new platform for digital securities transactions, the financial institutions address a deal pipeline in excess of USD1 billion for existing and prospective token issuances – with an outlook to utilise Tezos to tokenise a wide variety of traditional and alternative investments.
As governments worldwide and in the Middle East take measures to introduce digitalisation initiatives across industries, blockchain spending globally is to reach USD2.9 billion this year, and USD307
Traiana, an infrastructure service for trade lifecycle and risk management solutions, has launched a new service to fully automate the post trade lifecycle management of the multi-trillion dollar equity swaps market.
Traiana says its Equity Swaps Lifecycle Management service will transform the market’s previously manual, labour intensive and inefficient post trade affirmation processes for clients globally.
Equity Swaps Lifecycle Management normalises data reported by swap providers and conducts reconciliation and affirmation of daily valuations, payments and legal confirmations to identify any changes to the underlying swap attributes. It also improves the longstanding negative affirmation issues in the equity swaps market
Experienced hedge fund managers looking to set up on their own should take note – running a book and launching a fund are two very different things. So says Peter Greene (pictured), a partner at law firm Lowenstein Sandler in New York, who outlines four vital steps on the road to a successful launch…
If you’re a well-pedigreed hedge fund manager – one who has worked at a blue-chip firm and managed a large book with a successful track record – you might have a desire to launch your own hedge fund. It’s hard to say how many think about
EEX Group is planning to extend its Power Derivatives offering in the first half of 2020 by launching Trade Registration services for Japanese Power Derivatives.
Following meetings in Tokyo this week, the Ministry of Economy, Trade and Industry (METI) in Japan have confirmed EEX Group’s plans to launch clearing services for financially-settled Japanese power derivatives is allowed under the Japanese Commodities Derivatives Act. The new product offering, which is subject to standard European regulatory approval, will be the first Asian market area on the EEX Power Derivatives platform, which currently comprises 20 market areas in Europe. The EEX Group Japan
PEGAS, a pan-European gas trading platform of EEX Group operated by Powernext, has reported a doubling of the volume of futures contracts traded on the platform in June 2019 compared to June 2018.
In total, 111.3 TWh of futures products were traded (June 2018: 55.5 TWh), mostly on the TTF hub which registered 92.2 TWh on its own (June 2018: 42.7 TWh).
With a 44 per cent increase, the spot segment also experienced a very strong growth and reported 108.1 TWh in June 2019 (June 2018: 74.9 TWh) thanks to the good performance of most of the hubs.
This month
Sucden Financial’s Michael Overlander is to move from his current role as CEO to become Non-Executive Chairman, and will be succeeded by Deputy CEO Marc Bailey, withh efect from 1 January 2020.
Serge Varsano will remain on the board as Non-Executive Director, stepping down from his current role of Chairman of Sucden Financial.
As Non-Executive Chairman, Overlander will hold responsibility for the effective performance of the board. In addition, he will continue to manage some key client and exchange relationships, most notably involving the London Metal Exchange.
As Chief Executive Officer, Bailey will be responsible to the chair and the
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Elephas Investment Management Ltd (Elephas), a Hong Kong based hedge fund, for violating wheat futures speculative position limits. The Order requires Elephas to pay a USD160,000 civil monetary penalty.
The Order finds that on 29 November, 2017, Elephas held a net long position in the Chicago Board of Trade’s December 2017 soft red winter wheat futures contract of more than 1,000 contracts in excess of the spot month speculative position limit established by the CFTC.
The CFTC’s investigation was conducted in conjunction with a related
Energy commodity merchant Castleton Commodities International (CCI) has closed two credit facilities totalling USD2.775 billion. The facilities include a committed borrowing base facility and a committed unsecured revolving credit facility.
The borrowing base facility is comprised of a USD750 million three-year tranche, a USD1.15 billion two-year tranche and a USD500 million 364-day tranche. The unsecured revolving credit facility is comprised of a single USD375 million 364-day tranche.
The proceeds will refinance CCI’s maturing borrowing base and revolving credit facilities signed in July 2018, fund general corporate purposes and provide letters of credit for the Company’s merchanting activities in multiple countries. The borrowing
