Latest News
The Depository Trust & Clearing Corporation’s (DTCC) expansion of its Sponsored Service of its subsidiary Fixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC).
DTCC views this as the latest milestone in the transformation of the Treasury market.
This expansion broadens the category of market participants who can participate as sponsors. It also changes how the service can be used, with sponsors now able to let their clients trade with counterparties other than themselves, providing sponsored members with the same execution flexibility they have in the bi-lateral market today.
“The greatest benefit
Sova Capital has become the first international Individual Clearing Member (ICM) firm on the Moscow Exchange’s Derivatives and FX Markets, as a direct member of the National Clearing Centre (NCC), MOEX’s CCP.
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 57 per cent to 348.3 TWh in March 2019 (March 2018: 222.4 TWh).
In particular, the German Phelix-DE product (234.6 TWh, +75 per cent) as well as the Italian market (56.7 TWh, +58 per cent) contributed to this development. Furthermore, volumes on the markets for Austria (1.4 TWh), Spain (11.9 TWh) and Central/South-Eastern Europe (13.1 TWh) also increased significantly.
On the EEX markets for emission allowances, trading volumes totalled 101.1 million tonnes of CO2 in March (March 2018: 246.6 million tonnes of CO2). Primary Market Auctions
IHS Markit, a specialist in critical information, analytics and solutions, has been named a premier company for the support of lesbian, gay, bisexual, transgender and queer (LGBTQ) employees.
The Human Rights Campaign made this determination based on its 17th annual scorecard on LGBTQ equality at more than 1,000 US employers.
The Human Rights Campaign’s scorecard provides a benchmark for the 2019 Corporate Equality Index, which rates companies for workforce protections, non-discrimination practices, equitable benefits and supportiveness for an inclusive culture. This year, IHS Markit earned a perfect rating (40/40) on the scorecard, netting recognition as one of the Best Places
Drawbridge Partners, a cybersecurity consulting firm specialising in the needs of hedge fund and private equity managers, has appointed Viktor Tadijanovic as Chief Technology Officer (CTO).
In this role, Tadijanovic will oversee the company’s overall technology strategy and lead the engineering, product and customer engagement teams.
With deep expertise in the financial services sector, Tadijanovic brings more than 20 years of IT governance, technology architecture, platform development and corporate strategy experience to Drawbridge. Tadijanovic most recently served as Chief Strategy Officer at Abacus Group and was responsible for corporate development initiatives. As a founding member of Abacus Group in
The Standards Board for Alternative Investments (SBAI) has launched its Alternative Credit Working Group to explore current institutional investor priorities in the credit space, as well as standards and practices.
The Standards Board has also welcomed Angelo Gordon, Bridgewater Associates and Magnetar Capital as new Core Supporters.
The Alternative Credit Working Group will explore a wide variety of topics in the credit space, including managing conflicts of interests, investor transparency requirements and valuation of credit investments. The launch event on 12 March in New York, brought together leading credit investors and managers and was hosted by New Holland Capital,
Crestbridge has moved to new larger office premises in Luxembourg as a result of a recent expansion of its team in the jurisdiction and ahead of anticipated future business growth.
As from 1 April 2019, Crestbridge’s Luxembourg office, which will mark its tenth anniversary next year, will be at 1 Boulevard de la Foire, premises that offer greater scope for future expansion.
The firm has seen considerable growth in business flows and headcount in recent months. Over the past year alone, the firm has grown its Luxembourg team by over 69%, whilst it also recently strengthened its senior team with
Hedge fund performance was slightly negative last week (19-26 March) on the back of underperformance from L/S Equity and Global Macro strategies (circa -0.5 per cent), but most strategies are still in positive territory month to date, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Discretionary Global Macro strategies recorded the worst performance (-0.7 per cent) in a context where bond yields fell significantly in the US and in Europe following the March 20th FOMC meeting. The Fed surprised market participants by announcing the end of the balance sheet runoff as soon as September 2019. Equity
Following consultation feedback, the Financial Conduct Authority (FCA) has confirmed all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options to retail consumers.
The new rules tackle widespread concerns about the inherent risks of these products, and the poor conduct of the firms selling them. This has led to consumer harm in the UK and internationally through large and unexpected trading losses.
The FCA’s rules are in substance the same as the European Securities and Markets Authority’s (ESMA) existing, EU-wide temporary restrictions on binary options. However, the FCA is also applying its rules
International investment business Fidante Partners has appointed PeterPaul Pardi as Head of Fidante Partners EMEA and North America.
With nearly 30 years’ experience in the financial services industry, Pardi is a highly regarded leader of asset management businesses with a particular interest in alternatives and a deep understanding of multi-boutique business models. Most recently acting in a strategic advisory capacity for a family office, PeterPaul was for four years Global Head of Distribution at BNY Mellon. He previously worked for a global private equity firm, Arcapita, where he was Global Head Institutional Fund Distribution. Prior to this, PeterPaul held senior
Special Reports
FeatureD
- Insight
