Latest News
Nitesh Shah, director at ETF Securities, comments on the US Federal Reserve’s decision to raise interest rates for the sixth time since the financial crisis…
In the first Federal Open Market Committee (FOMC) meeting with Jerome Powell as the Chairman of the Federal Reserve, the US Central Bank has raised interest rates. A substantial upgrade in forecasts paves the way for potentially three more hikes (for a total of four this year). Coming into the meeting, the market had only fully priced in three in total for the year.
Median GDP forecasts for this year were increased to 2.7 per
Professor André Spicer, Cass Business School, comments on Cambridge Analytica and questions what the costs will be to big tech firms?
Recent revelations about Cambridge Analytica will put pressure on not just Facebook, but many large tech companies. They will be forced to expand their compliance, privacy and social responsibility functions. Big tech firms are going from being darlings to being devils in the public imagination.
Big tech firms have a Californian mindset: they assume that people will generally do the right thing but this is being challenged. Now, they’re having to stop focusing on the sunny side of human
UnaVista, part of the London Stock Exchange Group (LSEG), has extended its alliance with information provider IHS Markit to help firms prepare and comply with the upcoming SFTR transaction reporting.
In line with LSEG’s Open Access philosophy, UnaVista launched its Partner Programme to provide clients with greater transparency and choice when dealing with other markets participants. The programme has welcomed a range of financial services providers including Charles River, Eze Software and Finastra, as well as firms providing specialised financial regulatory reporting services.
UnaVista is delighted to extend its relationship with IHS Markit to provide firms with an end-to-end
Euronext has announced a number of senior appointments in London and New York.
Paul Humphrey, Head of Fixed Income, Rates and FX (FICC), has been appointed as interim Head of Global Sales, and interim member of the Managing Board of Euronext, in addition to his current position and subject to regulatory approvals. He replaces Lee Hodgkinson who is leaving the company on 30 March 2018. Euronext is in the process of actively searching for Hodgkinson’s permanent replacement.
Alain Courbebaisse, Chief Information and Technology Officer, has been appointed as Chairman of the board of directors of FastMatch Inc, replacing Hodgkinson.
The Managed Funds Association (MFA) has appointed D Brooke Harlow, currently Executive Vice President and Managing Director of Public Affairs, as its Chief Commercial Officer, effective immediately.
In her nine-year tenure with MFA, Harlow has held leadership roles across a number of functions, including public affairs, communications, and membership.
“Brooke’s many contributions to the programming content and revenue growth of our Association have been significant, and her leadership has helped expand our constituency to include major investors through the MFA Institutional Investor Advisory Council,” says MFA’s President and CEO Richard H. Baker. “Brooke’s new role as MFA’s first Chief Commercial
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has expanded its London office into a new, larger space to accommodate the firm’s growth in the UK.
The new Abacus office is strategically located near the firm’s client base in the West End, and is poised to absorb the company’s anticipated continued record growth in the UK during the rest of 2018 and into next year. Over the last year, Abacus has tripled its UK client base, made up of hedge funds, private equity firms, mutual funds, family offices, asset managers and independent software
Zichain, a Switzerland-based digital asset management company, has secured an USD1.2 million investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products.
The deal was confirmed while the Company was participating at the Goldman Sachs 2018 Disruptive Technology Symposium, held in London on 20-21 March.
As a pioneer of the cryptocurrency index industry, Zichain has enjoyed exponential growth with the Company now taking a leading role in the creation of digital asset management industry.
Zichain is focused on the development of three key products: Blockchain Asset Management Platform (BAMP), a unique
The SS&C GlobeOp Forward Redemption Indicator for March 2018 measured 2.91 per cent, up from 2.71 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator for March 2018 was 2.91 per cent, a year-over-year improvement from the 3.48 per cent reported for the same period a year ago for March of 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result continues the trend of strong hedge fund asset retention, as we have now seen 14 consecutive months of year-over-year improvement in redemption notices.
“Coming in the wake of severe equity and interest rate volatility in late
PEGAS, the pan-European gas trading platform operated by Powernext, has registered the first trade on its new OTC Options registration service.
The trade was a Put on the TTF Summer 2018 contract at a strike price of 17 Euros/MWh, with an Options premium of 0,290 Euros. It was brokered by Marex Spectron and amounted to a total of 527,040 MWh.
PEGAS Options were launched on 13 March 2018 and are available for STP trade registration through Trayport Clearing Link and EFETnet ExRP. PEGAS Options are cleared by European Commodity Clearing (ECC), the central clearing house of EEX Group in Europe.
The CFA Institute’s 2018 Brexit member survey reveals some signs of optimism about the impact of a post-Brexit world on the asset management industry, but challenges for UK investment management are anticipated.
The latest survey reveals a degree of confidence among investment professionals that Brexit negotiations will end with a trade deal. Globally, almost half (49 per cent) of investment management professionals responding to the survey expect Brexit negotiations to result in either a comprehensive trade deal covering both goods and services (25 per cent), or a goods only deal (24 per cent).
Respondents outside of the EU were generally most optimistic,
