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The Depository Trust & Clearing Corporation’s (DTCC) subsidiary Fixed Income Clearing Corporation (FICC) has achieved another milestone in the transformation of the US Treasury market toward central clearing having successfully executed and cleared both cash and repo trades via FICC’s recently expanded Sponsored Service model.
The 2019 expansion of the Sponsored Service broadened the category of market participants who can participate as sponsors, and enabled sponsor member clients to transact in clearing with market participants other than their sponsors (ie “done-away” activity). It is through this expansion that Palafox, part of the Citadel organisation, became the first sponsor to facilitate
INTL FCStone is to open a captive IT development company with offices in Bangalore, India. INTL FCStone Technology Services Private Limited will begin operational activities on 1 July, 2019.
The new venture arises out of a previous relationship with DigitalDot Consultancy India Pvt Ltd in which DigitalDot performed development services exclusively for INTL. After working together for close to two years and building a predominately Bangalore-based team of developers to a point of critical mass, INTL executed on its longer-term strategy to internalise its software development by offering to employ all of DigitalDot’s developers. The newly organised INTL FCStone Technology
Itiviti, a technology and service provider to financial institutions worldwide, has partnered with MIK Fund Solutions, software development firm focusing exclusively on the asset management industry.
MIK OMS integrates in/outbound FIX messaging with all major EMSs via direct FIX connections and hosted connections provided and managed by Itiviti’s NYFIX order routing network. This gives MIK clients access to the NYFIX service delivery platform.
“When we decided to launch our new OMS business, we began looking for a connectivity partner and decided that joining Itiviti’s Global Alliance Program (GAP) was the best option,” says Marshall Saffer, COO at MIK. “NYFIX
Credit Benchmark, a specialist in consensus based credit analytics, has launched a new monthly measure of credit risk for US and European corporates in the industrials sector.
The Credit Benchmark Credit Consensus Indicator (CCI) is an index of forward-looking credit opinions for US, UK and EU Industrials based on the consensus views of over 30,000 credit analysts at 40 of the world’s leading financial institutions.
Drawn from more than 750,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for industrials. A
Following the recent launch of new power products for Central and South-Eastern Europe (CSEE), the European Energy Exchange (EEX) has successfully registered trades in three new markets.
In total, 367,248 MWh were traded in the new products for Bulgaria, Serbia and Slovenia in the first three weeks extending the EEX offering in power derivatives to 20 European markets.
“With these new products, we offer our market participants additional trading opportunities and hedging tools for the rapidly developing CSEE markets,” says Steffen Köhler (pictured), Chief Operating Officer of EEX. “The promising trading volumes in the first days after the launch demonstrate
CAMRADATA investment reports for Q1 2019, which provide analysis of four asset classes – Diversified Growth Funds, Multi Sector Fixed Income, Emerging Markets Equity and Emerging Markets Debt – invested in by institutional investors in the market, have revealed market gains and increased investor confidence.
In each report over three years’ worth of data from CAMRADATA Live (its online manager research platform) at 31 March 2019 was analysed to produce the four reports revealing key investment trends for Q1.
The first quarter of 2019 brought a more positive outlook for investors, after a difficult end to 2018. Investors were
Drooms, a provider of secure cloud solutions in Europe, is expanding its expertise in the fields of machine learning and natural language processing with the appointment of Johannes Leveling as machine learning team lead. Leveling will report to Peter Made, Head of Development at Drooms.
Leveling has over two decades of professional experience in the fields of machine learning, machine translation, natural language processing and information retrieval in industry and research. In his previous role as Vice President Data Science and Machine Learning at Teckro, a software company that utilises machine learning to digitise clinical studies, he headed up a
Robeco has appointed Mark den Hollander as Chief Financial & Risk Officer (CFRO), and a member of Robeco’s Executive Committee and statutory director.
He will be responsible for Business Control & Finance, the Financial and Operational Risk Management teams, Fiscal Affairs, Legal Affairs, Compliance and the Investment Restrictions team.
Den Hollander has over 25 years of experience in the asset management industry: he held several positions at NN Investment Partners (formerly known as ING Investment Management) (2009-2018) and ABN AMRO Asset Management (1993-2009). His most recent position at NN Investment Partners was CFRO. Before that, he served as CRO
The Securities and Exchange Commission has taken another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.
These and other rules previously adopted by the Commission are designed to enhance the risk mitigation practices of firms that stand at the centre of the security-based swap market, thereby protecting their counterparties and reducing risk to the market as a whole.
“I once again would like to thank Commissioner Peirce for her excellent leadership on our efforts to stand up the Dodd-Frank
The SS&C GlobeOp Forward Redemption Indicator for June 2019 measured 3.81 per cent, up from 3.21 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.81 per cent for June 2019 reflects lower redemptions compared to 4.17 per cent reported for the same period a year ago for June 2018,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This marks the third consecutive month of improved year-over-year readings for redemption notices, indicating strong investor confidence in hedge fund managers’ ability to provide attractive risk-adjusted returns in the face of highly volatile markets.”
The SS&C GlobeOp Forward Redemption Indicator
