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Bloomberg Data Reporting Services Limited (BDRSL) has received authorisation from the UK Financial Conduct Authority (FCA) for its Approved Reporting Mechanism (ARM) – effective 3 January 2018.
Under MiFID II, investment firms will be required to submit transaction reports containing up to 65 data fields including LEIs (legal entity identifiers), personal and trade data to local regulators, known as National Competent Authorities (NCAs).
As a component of Bloomberg’s pre-integrated MiFID II solution, Bloomberg’s ARM and reporting solutions will allow firms to enrich their transaction reports with data from Bloomberg or third-party order management systems.
“The authorisation of our
Fluxys Belgium is to simplify its services for ZTP physical trading (formerly Zeebrugge Beach services) as from 1 October 2017. The PEGAS trading platform will enhance its services accordingly.
Fluxys Belgium will simplify its services for ZTP physical trading by harmonising the operational rules with those for ZTP notional trading services.
Huberte Bettonville , Director Commercial Regulated of Fluxys Belgium, says: “Our new approach for ZTP physical trading marks a clear step forward as solving flow reductions at the border or unmatched flow nominations no longer require back-up services and a financial guarantee. PEGAS now can offer automatic nomination
Intercontinental Exchange’s (ICE) ICE Low Sulphur Gasoil futures contract achieved a new open interest record of 1,004,645 contracts on 26 September, 2017, surpassing 1 million contracts for the first time.
The previous open interest record was 999,264 contracts on 25 September, 2017.
This record reflects an expanding diesel market and demonstrates a strong growth in liquidity as market participants rely on ICE Low Sulphur Gasoil to hedge exposure to diesel prices. The ICE Gasoil futures complex includes a comprehensive range of oil products, including 50 contracts that price as a differential to Low Sulphur Gasoil including options, differentials and
The Exchange Council of the European Energy Exchange (EEX) held its third meeting of 2017 in Paris. The meeting was chaired by Dr Michael Redanz (pictured), Managing Director of EWE Trading GmbH.
The Exchange Council discussed a wide range of topics, including the significant volume growth of the Phelix-DE Future since launch, as well as EEX’s implementation strategy ahead of the upcoming MiFID II deadline.
The Exchange Council was particularly encouraged that the Phelix-DE Future has quickly established itself as the new benchmark in European power. Since launching in April 2017, increased confidence from market participants has resulted in
Morgan Stanley & Co (MSCO) is to pay USD500,000 to settle CFTC charges over failing to diligently supervise the reconciliation of exchange and clearing fees with the amounts it ultimately charged customers for certain transactions on the CME Group, ICE Futures US, and other exchanges.
MSCO is registered with the CFTC as a Futures Commission Merchant and a provisionally registered Swap Dealer.
The CFTC Order requires MSCO to pay a USD500,000 civil monetary penalty and cease and desist from violating the CFTC Regulation governing diligent supervision.
The Order explains that customer transactions executed on exchanges are subject to
BNY Mellon and Hazeltree, a provider of treasury solutions, have joined forces to deliver an independent platform that streamlines cash management for buy-side and corporate firms.
The initiative delivers BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s advanced treasury management technology.
The strategic relationship not only provides BNY Mellon clients with full transparency across their portfolio, regardless of where their money is held, but optimises cash investment, streamlines FX hedging, and drives increased efficiency. By linking participants with BNY Mellon’s award-winning Liquidity DIRECT solution, clients can also take advantage of an array of investment vehicles.
In a
US Bank has named Rafael Herrera as the market leader of its corporate trust group in Texas. Herrera is a senior vice president in the US Bank Global Corporate Trust Services group and is located in Houston along with 37 additional corporate trust professionals.
“We are thrilled to have someone of Rafael’s caliber leading our corporate trust efforts in Texas,” says Joe Giordano, president of US Bank Global Corporate Trust Services. “We are focused on growth and exemplary client service and are actively planning to add staff to both our Houston and Dallas offices.”
US Bank Global Corporate Trust
Hedge fund investors are reporting increasing difficulty in finding attractive funds in which to invest, according to a survey by Preqin.
In June, almost half of investors said they were planning to reduce their allocations to hedge funds over the next 12 months. Of these, 38 per cent said that three-year performance was the driving factor behind the decision, while a further 16 per cent said their outlook on future performance was negative.
When looking to make new fund commitments, investors are faced with a wide dispersion of returns within and between different leading hedge fund strategies. With almost
Aquila Capital has strengthened its quantitative investment proposition with the appointment of Fabian Dori as Quantitative Strategist and Portfolio Manager within its Systematic Trading Group.
This team oversees Aquila Capital’s quantitative strategies investing in liquid financial markets.
Fabian joins Aquila Capital from Notenstein La Roche Privatbank, where he was Chief Investment Officer. He will be reunited at Aquila Capital with the Head of the Trading Group, Urs Schubiger, with whom he worked for more than five years before. They established a highly successful, multi-year track record in developing and implementing managed futures and cash equity strategies. The Systematic Trading
The Gemini Companies’ (Gemini) alternative funds solution, Gemini Alternative Funds, has won the the 2017 Hedgeweek USA Award for Best North American Managed Account Platform, its second consecutive win in this category.
Institutional investors and fund managers who read Hedgeweek vote online to choose winners of the publication’s annual awards. Both this year and in 2016, Gemini’s Galaxy Plus Managed Account Platform received the most votes from these audiences in the North American managed account platform category. Gemini representatives accepted the award at the ceremony in New York City on 21 September, 2017.
“We measure our success by
