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The European Energy Exchange (EEX) and the Independent Bulgarian Energy Exchange (IBEX), have signed an agreement on the cooperation in the Bulgarian power market.
As part of the cooperation and subject to the approval of the relevant authorities, EEX will list Euro-denominated and financially settled Base Week, Month, Quarter and Year Futures for the Bulgarian market. The new Bulgarian power futures will be settled against the day-ahead spot market price calculated by IBEX. The introduction of the contracts is planned for the first half of 2019.
“The cooperation with IBEX is a decisive step in the development of
Eurex, Europe’s largest derivatives exchange, and Vela, a global leader in trading and market access technology, have teamed up to facilitate electronic access to Eurex EnLight, a new selective request-for-quote (RFQ) platform, via Vela’s Metro Trading Platform.
This further supports market participants seeking to trade via Eurex EnLight as Vela’s technology solution will be a new alternative to the existing ways of accessing the RFQ platform. With this development, market participants can expect further operational efficiencies, regulatory compliance with data reporting tools and best execution, improvements to accessing liquidity, and a reduction in quote response times on the platform.
Boutique global equities manager, Bell Asset Management, has been awarded an AUD130 million global small and mid-cap equity mandate (SMID) by industry super fund, Energy Super.
The announcement marks a significant milestone for Bell Asset Management which is experiencing increased investor demand and interest in its global small and mid-cap market strategy.
Managing Director, Strategy & Distribution of Bell Asset Management, Rob Sullivan, says the new mandate is indicative of a strengthening pivot towards quality focused active management approaches that have shown to be more resilient in more volatile markets.
“We are seeing increasing demand for this segment
Bitwise Asset Management, creator of what it says is the world’s first cryptocurrency index fund, has launched two new low-cost, liquid beta funds, holding bitcoin and ether exclusively.
The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family, joining the broad-market Bitwise 10 Private Index Fund.
The launch of the funds is driven by inbound client interest and investor dissatisfaction with existing options, many of which carry premiums, charge exit fees, have lockups, and/or charge expenses to the fund outside the stated management fee.
“The 68 per
A new report by Greenwich Associates has found high levels of satisfaction among US institutional asset management and hedge fund professionals currently employing outsourced trading services, with 71 per cent of survey respondents describing themselves as “extremely satisfied” with their providers.
The report, ‘Outsourced Trading: Helping the Buy Side Improve Execution and Enhance Operational Efficiency’, identifies key market developments that have led to the rise of outsourced trading firms. These include heightened best execution requirements, increasing complexity and sophistication of trading tools and technology, market structure challenges, and shrinking commissions (68 per cent of study participants reported that generating commissions
Bodhi Tree Asset Management (Bodhi Tree) has purchased a minority stake in Sudrania Fund Services (Sudrania) as part of its strategy to create a scalable front to back-office multi-asset class solution for RIAs, Family Office, and Endowment model investors, all backed by cloud technology.
Bodhi Tree offers quantitative tactical asset allocation strategies via fund and SMA structures to institutional and HNWI investors. Bodhi Tree is seeding technology-focused companies to create a diverse menu of front to back- office solutions for sophisticated investors.
“We chose Sudrania Fund Services for their in-depth knowledge and understanding of buy-side fund operations and ability
BNP Paribas has selected FIS’ Cleared Derivatives Margin Advisor, a solution that enables sell-side firms, investment funds and institutional investors to better assess and calculate initial margin requirements on cleared derivatives portfolios.
FIS’ Cleared Derivatives Margin Advisor replicates margin requirements for current or hypothetical portfolios in real-time across the diverse exchange traded derivatives market supported by FIS post-trade systems. The solution can connect with FIS back-office systems or integrate into any trading or position-management system to provide an automated calculation for initial margin. Because it is cloud-based, FIS’ Cleared Derivatives Margin Advisor is quick to deploy and easily scales to
The Gemini Companies (Gemini) has shared insights (via a recording) from a recent event they hosted in Boston featuring experienced accounting, tax, and audit professionals.
The panel, “Current Developments in Audit,” was moderated by Joe Breslin, Audit Committee Chairman of Northern Lights Fund Trust IV, and featured perspectives from: Scott Mackey, Partner at RSM US LLP; John Braun, Partner at BBD, LLP; Jeff Haneline, Senior Manager at Cohen & Company; and Wendy Wang, Senior Vice President of Tax & Compliance for Gemini.
Panel participants covered a range of topics during the conversation, including:
SEC disclosure updates and simplification
London-based asset management consultancy, MJ Hudson, has acquired Amaces, a data and analytics firm, which provides tools and consulting services to help institutional investors benchmark and monitor the cost and quality of the investor services they receive from their custodian banks.
The firm also provides innovative tools and related consulting services in the field of FX transaction cost analysis.
Founded in 2002 by two senior treasury and custody principals that worked together at Chase Manhattan (now JP Morgan) and then Citibank, Amaces has an established customer base and operations in Europe, as well as in the United States
The Financial Services Information Sharing and Analysis Center (FS-ISAC), has appointed Steven Silberstein as President and Chief Executive Officer (CEO), effective 1 January 2019.
FS-ISAC is a non-profit member-driven organisation that helps to assure the resilience and continuity of the global financial services sector.
In his new role, Silberstein will be responsible for expanding FS-ISAC membership and its products, services and resources, while continuing to embody its non-profit mission. He will lead efforts to increase the value of information sharing in the sector and improve how member organisations share critical information. Close collaboration between members and external stakeholders, including
