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The European Energy Exchange (EEX) will conduct a secondary market auction for European emission allowances (EUAs) on behalf of the Ministry of Environmental Protection and Regional Development of Latvia.
The auction is scheduled for 16 November 2018 with the bidding window being open from 09:00 to 11:00 (CET). The auction volume amounts to 3,126,500 EUAs. This is the first auction on behalf of a public auctioneer on the EEX secondary market which means that the certificates have already been allocated to the market, but have not been used for compliance before.
Peter Reitz (pictured), CEO of EEX, comments: “We
Viewing investment opportunities through a credit lens while adopting both a special situations approach, often involving equities, and a macro approach approach, using a variety of macro instruments, Westfield Investment employs a highly-differentiated strategy to capture idiosyncratic alpha. Founder, Ren Gao explains all…
Former Goldman MD Gao (pictured) founded the credit hedge fund in 2015 and has enjoyed strong performance since then – 50 per cent in 2016; 10.8 per cent in 2017 and 20.37 per cent in 2018 so far.
He has recently hired ex-Saba COO Ken Weiller, and has built a new infrastructure, with the aim of increasing
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 30 per cent in October to 339.3 TWh (October 2017: 261,3 TWh). In particular a four-fold increase in Phelix-DE Futures to 204.4 TWh as well as power futures for Italy (60.9 TWh, +42 per cent) and Spain (9.1 TWh, +32 per cent) contributed to this development.
EEX recorded a positive trend also in the smaller markets: In power futures for Great Britain, at 125,070 MWh, EEX recorded the highest trading volume since the launch of these products. In the Dutch markets, volumes increased by 18 per cent
Neuberger Berman has broadened its alternative investment platform with the acquisition of specialist asset manager Cartesian Re, which, with its affiliate Iris Re, manages more than USD1 billion in assets under management (AUM) focussing on the insurance-linked strategies (ILS) asset class.
Cartesian Re was developed as a portfolio company of Cartesian Capital Group, which will work with Neuberger Berman to deliver ILS capabilities to clients globally. The addition of Cartesian Re illustrates Neuberger Berman’s continued focus on diversifying its alternative capabilities, particularly with strategies offering returns uncorrelated with financial markets. Cartesian Re will be renamed NB Insurance-Linked Strategies and its
CloudMargin, creator of a cloud-native collateral and margin management solution, has appointed Daniel Schwartz, a 20-year veteran of financial products, markets and technology leadership, as its Chief Information Officer (CIO).
Based in the New York office of the London-based company, Schwartz reports to CEO Steve Husk.
Schwartz has extensive experience in financial risk management, derivatives, trading, structuring, business strategy, technology and operations across a broad spectrum of fixed income and equity products, including at several of the world’s leading banks. He also founded two strategic technology consulting firms and served some of the largest Fortune 1000 companies. In the
Cobalt, a foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, has appointed FX specialist Anoushka Rayner as global head of sales and business development.
Rayner brings over 20 years of experience in the FX industry to Cobalt. She has held a number of high-profile roles, most recently as business manager and global FX sales specialist at Traiana. Prior to this she worked as sales director at smartTrade Technologies and as global head of FX option sales at FXCMPro, the institutional arm of Forex Capital Markets.
Rayner will be responsible for managing Cobalt’s commercial
Refinitiv, formerly the Financial and Risk business of Thomson Reuters, has launched its quantitative analytics platform QA Direct in the Cloud through Microsoft Azure.
The Cloud-based service means asset managers and hedge funds can get faster access to data for new quant initiatives and spend more time testing strategies, optimising portfolios and managing risk.
QA Direct offers a scalable platform to manage, maintain and integrate quantitative analysis and investment data. The platform delivers the largest repository of financial data along with quantitative alpha models and other third party content sets allowing customers to explore how their investment hypothesis performs
Robeco has appointed Ed Collinge as Global Head of Insurance Strategy. Collinge previously worked at Invesco, where he led the European Institutional Insurance team.
In this newly created position, Collinge (pictured), will work with Robeco’s client teams around the world on developing specific investment solutions for insurance clients. He will report to Christoph von Reiche, Head of Global Distribution & Marketing.
Prior to his position at Invesco, Collinge was a senior member of Global Insurance Solutions at JP Morgan Asset Management where he was responsible for insurance coverage for the UK, Ireland, the Nordics and South Africa. Previous roles
NEX Markets dealer-to-dealer trading platform BrokerTec has worked with Eurex Clearing, one of the largest global CCPs, to launch a new clearing solution for the European repo market.
The new clearing solution will be live by the end of 2018 and will allow existing BrokerTec clients to select to clear their repo transactions via Eurex Clearing. This solution will allow market participants to consolidate their European repo and corresponding OTC and listed derivatives business under the single risk framework of Eurex Clearing, via the BrokerTec platform.
BrokerTec customers choosing to clear repo transactions will be able to optimise cross-asset portfolios more
This NEX report highlights the recent trends in how information is not only delivered, but also how it is generated. The use of enhanced data extraction, collation, normalisation analysis and reporting tools is becoming more prevalent in financial services to reduce manual processing, enable complex work flows, increase scalability and improve the quality of insights and decision-making.
Specialist treasury technology has been the domain of the world’s largest hedge funds and asset managers in the past, allowing them a competitive edge in reporting, analysis and optimising work flow management and cost savings. Today, sophisticated treasury technology capabilities are accessible to
