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TORA, a provider of a cloud-based order and execution management system (OEMS), has expanded its support for MiFID II transaction and trade reporting by integrating its trading system with NEX Regulatory Reporting.
In a bid to improve transparency, MiFID II requires asset managers to submit transaction reports, including order size, timestamps, asset type and venue to an Approved Reporting Mechanism (ARM) on T+1 for onward reporting to local regulators. MIFID II firms are also required to send trade reports including prices, volumes and instrument identifies to an Approved Publication Arrangement (APA).
By integrating the TORA OEMS with NEX Regulatory
Close to 60 per cent of Alternative UCITS funds posted losses in August, pushing broad-based indices lower. The LuxHedge Global Alternative UCITS Index lost -0.41 per cent, bringing 2018 YTD to -1.43 per cent.
Only one quarter of all funds are currently able to post year-to-date positive figures.
Equity Hedge strategies focussing on the US stock market are a notable exception with the LuxHedge Equity Long/Short US Index advancing 1.13 per cent in August (+2.44 per cent YTD). This is not only due to a long market bias, but also Equity Market Neutral US funds are able to create
Hedge funds are up 0.45 per cent for the year, their weakest performance on record since 2011 when they declined 0.40 per cent in the eight months through to August, according to the September 2018 Eurekahedge Report.
Almost 46 per cent of the managers are in the green for the year with roughly 12 per cent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have increased by USD7.4 billion as of August 2018 year-to-date, down from USD147.4 billion over the same period last year as performance driven
Paraic Cosgrave has joined Abbey Capital, a Dublin based multi-manager managed futures specialist, as Global Head of Sales.
Cosgrave brings with him twenty five years of experience in international capital markets. Most recently, he was Global Head of Sales & Relationship Management at BNP Paribas Securities Services. Previously, he held leadership and sales positions at SS&C and Integral Development Corporation, both providers of sophisticated software and services to financial intermediaries and asset managers.
Mick Swift, Deputy CEO at Abbey Capital, says: “I am delighted to welcome Paraic to the team. His deep client knowledge, sales experience and industry expertise
The Exchange Council of the European Energy Exchange (EEX) says it is particularly encouraged by the continuous trend of hedging long-term positions such as PPAs via EEX and its clearing house ECC.
EEX’s concept of long-term hedging with standard futures products has been well received by the market, resulting in additional trading volumes and open interest. Long-term hedges are used to mitigate price and counterparty risks arising from PPAs or other long-term power positions. In the period May to September 2018, strips of yearly futures contracts up to calendar year 2024 have been registered in Spain and Germany, achieving a
CMC Markets Institutional – a provider of liquidity and white label trading solutions – has launched a new Prime Derivatives trading platform providing professional individual and institutional clients with access to trade global single stock CFDs.
Accessing Prime Brokerage services across all asset classes has become harder in recent years as changes to regulation and approaches to risk management have evolved. Many counterparties including smaller brokers, asset managers and hedge funds have therefore found it increasingly difficult to obtain efficient routes to market access, and this now serves as a catalyst for innovation across the industry.
CMC Markets Prime
The last thing any hedge fund manager wants is to be off-boarded by a Prime Broker. It can be a destabilising and unsettling experience, potentially leading to a loss of confidence among investors. It is vital, therefore, to find the right Prime Broker that can partner with a manager based on a clear understanding of business wants and needs.
This is especially true in today’s regulatory environment where Basel III has caused banks to carefully consider their short-term and long-term liquidity positions and transform their businesses. In many ways, this has reshaped the Prime Brokerage relationship, making efficiencies and returns more
Regulation continues to bite and influence the way investment banks structure their business activities. Most notably for the hedge fund industry, the banks are being forced to reassess their activities pertaining to prime brokerage. Five years ago, banks remained in denial about the impact regulatory reforms would have. But then a black swan event occurred.
On 15 January 2015, the Swiss National Bank decided to de-peg the Swiss franc from the euro, sending the markets into turmoil and leaving a trail of casualties. Within a twenty-minute period, between 9.30am and 9.50am UK time, the CHF went into hyper drive, appreciating almost
With the rise of social media platforms over the last decade, led by Facebook, the way we think about connecting and interacting with people has drastically changed. LinkedIn provides a similar experience for our professional lives, while Amazon and Netflix seemingly know what we want to buy or watch before we’ve even thought about it.
This has created a unique experience where the customer feels as if they have a close relationship with the platform provider, despite being one of millions of people all benefiting in the same way.
Within the hedge fund space, one of the most important client
Mini primes and those looking to establish new prime brokerage businesses are currently a big focus for SS&C Advent, according to Roger Woolman, Business Development Director, Asset Management & Alternatives.
Over the years the firm has built long-running relationships with some of the world’s largest prime brokerages and are, without doubt, highly valued clients. But as Woolman says: “The more interesting area for us, from a new business development perspective, is firms who are looking to break into the PB arena, such as mini primes.
“We have a number of mini prime clients in the UK already and we are
