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The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 26 per cent to 349.5 TWh in November (November 2017: 276.6 TWh).
This was driven partly by a threefold increase in Phelix-DE futures to a volume of 222.6 TWh as well as power futures for Spain, which more than doubled to a volume of 11.2 TWh.
On 12 November 2018 EEX introduced a range of short-term products on the power derivatives. Market participants can now trade cleared Romanian week contracts as well as day and week contracts in Dutch and Czech Power. Until the end of
Northern Trust has added private market capabilities to supplement the recently launched ArcLine Alternatives platform for the firm’s wealth management clients.
The private market investment offering, developed with alternative investment technology firm Artivest, better enables Northern Trust’s qualified wealth management clients to take advantage of a carefully curated list of leading alternative funds to meet their changing, and increasingly sophisticated, asset allocation and portfolio diversification needs through an integrated cloud-based subscription and reporting platform.
“Northern Trust is committed to delivering quality alternative investment opportunities for our clients in the most efficient and secure manner available. We are pleased to
Linedata, a provider of credit and asset management technology, data and services, is teaming up with leading quantitative analytics firm, Trade Informatics (TI) to launch a new suite of execution analytics.
Harnessing TI’s Strategic & Tactical Analytic Research & Trading (START), a broker neutral, intelligent trading engine, Linedata’s clients are now able to minimise cost and maximise performance by creating workflows that tie order source alpha directly to their execution strategy.
Linedata and TI’s integrated offering provides actionable intelligence by combining analytics and trading. Powered by START, Linedata’s OMS now aligns TI’s advanced pre-trade cost estimates with the client’s
Highvern has appointed Emma Syvret as Assistant Manager in the firm’s Funds Team.
Syvret (pictured), has more than six years’ experience in the industry and joins from one of Jersey’s largest Funds and Corporate Services providers. She is currently studying towards ICSA CSQS, and with only two exams until she is a Chartered Secretary, she will be adding to the qualifications already held by the team at Highvern.
Aidan O’Flanagan, Head of Funds, says: “Emma’s background and track record with clients is impressive and we are delighted that she has chosen to progress her career at Highvern. She brings
By Don Steinbrugge, Agecroft Partners – An article recently published about the grossly underfunded Kentucky State Retirement System suggests that gambling on high fee hedge funds and private equity funds, and the use of placement agents, were primarily to blame. For many readers, it was likely a persuasive article.
Quotes from scared retirees who have dedicated their lives to public service and are now rightly worried about their retirement benefits would pull on anybody’s heartstrings. The article was also potentially quite dangerous because it was fraught with inaccuracies and prejudices that, if taken as fact, could have severe negative effects
The Swiss Federal Council has adopted an ordinance that introduces a new “recognition regime” for foreign trading venues which trade Swiss shares.
The ordinance has been adopted due to the fact that the EU Commission has not yet decided to extend the equivalence recognition of Swiss legal and supervisory framework for trading venues with that of the EU.
SIX welcomes the contingency measure of the Swiss Federal Council, which it sees as a measure to protect the functioning of the Swiss stock exchange infrastructure, as it ensures that EU market participants continue to have access to the Swiss
Aubrey Brocklebank, who joined Mayar Capital from Odey Asset Management in 2015, has been appointed to the firm’s board of directors.
Since joining, Brocklebank (pictured), has been Senior Research Analyst for the firm’s flagship Mayar Fund, which was recently rated 5 stars by Morningstar, topping its Global Large-Cap Value Equity category for five-year performance to 31 October 2018.
According to Morningstar data (in GBP), the fund has returned 88.5 per cent net of fees to investors over the past five years, compared with a category average of 52.0 per cent and benchmark return of 59.9 per cent.
The
Alternative investment firm Värde Partners has held the final close of the Värde Asia Credit Fund with approximately USD400 million of committed capital. The fund, which exceeded its USD250 million target and closed after six months, is the firm’s first Asia-dedicated vehicle.
The fund has the flexibility to invest across corporate credit, special situations lending, and stressed and distressed real estate investments throughout Asia Pacific.
Värde expects the opportunity set to be driven by structural and cyclical factors in the region, including bank retrenchment and less developed capital markets, as well as sectors with high leverage and slowed growth
OKEx, a Malta-based digital asset exchange, has launched a new derivative product, Perpetual Swap, a peer-to-peer, virtual derivative developed by OKEx to enable traders to speculate the direction of the price of digital assets such as Bitcoin.
With the new addition, users of OKEx can now perform perpetual swap, futures contract, and spot trading with margin and leverage at one stop. Perpetual swap trading will be officially available at OKEx on 11 December 2018 at 01:00 (GMT+9).
Perpetual Swap has a mechanism very similar to futures contract, but with no expiry, and settlement occurs daily. Each swap contract has
Calastone, the global fund transaction network, is to migrate its entire global network of more than 1,700 financial organisations, across 40 global markets, to blockchain in May 2019 via the company’s new Distributed Market Infrastructure (DMI).
The migration connects one of the largest communities of global financial organisations using distributed ledger technology, marking a significant step for the digitalising of the funds sector.
The DMI creates a global funds marketplace, in which buyers and sellers can connect and transact. It creates an ecosystem within which the trading, settlement and servicing of funds is friction free, eliminating ever-growing risk and
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