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PEGAS, the pan-European gas trading platform operated by Powernext, registered in May 2019 the highest total volume ever traded on the platform: 254.3 TWh. The previous record dates back February 2016 when 228.4 TWh were traded.
This performance resulted from a volume record on PEGAS spot segment with 149.3 TWh (previous record in March 2018: 133.4 TWh), which, in turn, was driven by a new record on the PEGAS TTF spot segment, where 66.9 TWh were traded (previous record in March 2019: 53.1 TWh).
Derivatives trading amounted to 105.0 TWh, an increase by 39 per cent compared to the previous year
Bardin Hill Investment Partners (Bardin Hill) has appointed Kevin Silva as Global Head of Business Development and Investor Relations. Silva, who joins the firm as a partner, will focus on expanding the firm’s relationships with investors and will oversee the Client Relations Department.
“We are thrilled to welcome Kevin to the Bardin Hill team,” says Jason Dillow, Chief Executive Officer and Chief Investment Officer of Bardin Hill. “He has earned a superb reputation over more than 20 years for successfully managing global capital formation teams and developing strategies that meet investor needs. His expertise, vision, and leadership will guide Bardin
SteelEye, a compliance technology and data analytics firm, has launched a new ‘MiFID II Eligibility as a Service’ tool.
MiFID II brings many challenges to buy and sell-side firms, including the requirement to report trades to the regulator on a t+1 basis. Determining which trades are eligible for reporting is no easy task due to the complex reporting rules and various exceptions under the European directive. For firms, this has become an ongoing challenge, requiring significant time investment and vast amounts of external market data.
SteelEye’s ‘MiFID II Eligibility as a Service’ tool tackles this challenge by helping firms
The European Energy Exchange (EEX) significantly increased trading in Austrian power futures in May, achieving a volume of 862,481 MWh (May 2018: 52,486 MWh), completing the shift in liquidity from the former combined DE/AT contract to the current individual DE and AT contracts.
In addition, the Central- and South-Eastern European power derivatives markets also saw a strong upswing, increasing volumes by 62 per cent to 15.9 TWh (May 2018: 9.8 TWh). In total, EEX reached a volume of 269.4 TWh on its power derivatives markets (May 2018: 306.9 TWh). The decline is mainly driven by decreased trading volumes in power options
Derivatives trading firm The Chicago Trading Company (CTC) has named Daniel Feuser as its next CEO.
Feuser, who has been with CTC in a variety of roles in 20 years with the company, most recently, served as Chief Strategy Officer, where he led the firm’s efforts to evolve its core business and expand into new businesses.
Previously, Dan served as Chief Operating Officer where he oversaw the Trading, Quant, Technology, and Operations functions of CTC.
“I am profoundly grateful for the opportunity I’ve had these past 20 years to work with such an incredible team of collaborative, caring, and talented people.
Plato Partnership, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, is collaborating with BMLL Technologies to provide twelve daily T+1 market quality metrics to enable more transparency and information across the trading landscape in Europe.
This initiative with BMLL will allow market participants access to metrics that will help improve their execution and implementation processes and ultimately improve results for the end investor.
The objective of this collaboration is to improve the overall quality of market transparency, focusing particularly on buy-side participants. This initiative will also provide regulators and policymakers with key information on trading
CQS has appointed Serge Harry as Group Chief Financial Officer. He will report to Xavier Rolet, CQS’ Chief Executive Officer, and he will join the CQS Executive Committee. Harry will also oversee the Human Resources function.
Harry was previously a Member of the Executive Committee of the London Stock Exchange Group (LSEG), Chief of Staff to the Group CEO, and Group Country Head for France, Benelux and Germany.
Rolet says: “Serge is an outstanding choice for this critically important role. He brings strong international management and finance knowledge. His experience in managing this function globally will be invaluable to us
IHS Markit, a specialist in critical information, analytics and solutions, has launch of new Event Management tools within its investor relations workflow solution BD Corporate suite.
The functionality, in pilot testing with customers for several weeks, helps investor relations teams operate efficiently in organising events and other interactions with the capital markets community. Event Management builds on BD Corporate’s industry-leading database of institutional investors, analytics, CRM and reporting tools, as well as IHS Markit’s sophisticated IR advisory services which include investor targeting, market intelligence, situational analytics and perception studies.
“Integrating events management into BD Corporate benefits the full ecosystem
Itiviti, a technology and service provider for the capital markets industry, has appointed Linda Middleditch as Chief Product Officer.
An experienced strategy and change management specialist, Middleditch joins Itiviti from Bloomberg LP, where she most recently was Global Head of SSEOMS Product Management. She has previously held senior product development positions with top-tier investment banks, including Citi and Morgan Stanley.
Reporting to CEO Rob Mackay, Middleditch will become a member of Itiviti’s executive management team. Her role includes defining the product department’s vision and overseeing every element of the product strategy and execution, including design, development and marketing. She will
Pico, an infrastructure, connectivity, cloud technology, data and analytics services provider to the financial services industry, has launched its global connectivity ring, expanding the PicoNet backbone to the major financial data centres in North America, Europe and Asia.
PicoNet is Pico’s private, proprietary network provides low-latency connectivity to hundreds of liquidity sources, information providers and counterparties.
“Our state-of-the-art global ring is the first of its kind to combine carrier-grade connectivity with the cost-effective scale and resiliency our clients require,” says Roland Hamann (pictured), Managing Director at Pico. “Now, every client has direct access to global markets including our high-quality market
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