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Intercontinental Exchange (ICE) has partnered with Go West, a consortium of leading global trading firms collaborating to create efficient access to global financial markets, to offer ultra-low latency wireless connectivity between markets in Chicago and Tokyo.
When the Go West service is launched in the fourth quarter of 2017, ICE’s Secure Financial Transaction Infrastructure (SFTI) wireless networks will offer the most extensive ultra-low latency network connectivity solutions among the New York, Chicago, Toronto and Tokyo metro areas.
“We’re excited to add Go West’s key Chicago to Tokyo route to our growing range of connectivity options,” says Jonathan Reeve (pictured),
The London Metal Exchange and LME Clear (together, the LME) have set out their ‘strategic pathway’ having received 162 responses to a discussion paper on market structure from a broad range of users.
Matthew Chamberlain (pictured), London Metal Exchange Chief Executive, says: “We are delighted that so many members of the metals community took the time to respond in detail to the discussion paper. Respondents’ views were aligned in a number of areas, which helped us to refine our strategic priorities, resulting in a plan that balances the needs of all our users in support of fairness, user choice and
Unlisted closed-end funds (CEFs) are gaining in popularity with increases in both the number of funds available to investors and the value of assets under management (AUM), according to a new survey by UMB Fund Services in partnership with FUSE Research Network.
The survey reveals that as of the first quarter 2017, there were 109 unlisted CEFs available for purchase by investors regardless of accreditation status, with total assets under management (AUM) of approximately USD41.7 billion.
Forty per cent of the assets under management belong to the five largest funds in the space, while the size of the unlisted
Preqin’s latest survey of alternative assets investors finds that they have generally been satisfied with the performance of their portfolios in recent years, and most are seeking to maintain or increase their allocations over the next 12 months.
However, across all closed-end private capital asset classes, investors reported high pricing as a key challenge facing the industry, with deal flow also a prominent concern.
Regarding hedge funds, investors reported performance and fees as key issues facing the industry. As dry powder has reached record highs across the private capital industry, and the number of funds seeking investment has risen,
The European Energy Exchange (EEX) is to launch Weekend Contracts for Phelix-DE Futures on 21 September which complete the product suite for the German market.
In doing so, the offering for the German market will be aligned with the Phelix-DE/AT Futures in order to provide trading for the full curve to the customers.
“Since the launch of these products, volumes in Phelix-DE Futures have increased rapidly,” says Steffen Köhler (pictured), COO of EEX. “In the Cal-19 contract, already almost 60% of the total German power volumes are traded in the Phelix-DE Future which is quickly establishing itself as the
Global connectivity provider Avelacom is now using Metamako, a provider of FPGA-enabled, high-performance networking devices, to significantly accelerate its network processing power and keep latency to an absolute minimum.
The solution meets the needs of HFT firms and all firms in capital markets for whom latency is critical, allowing them to benefit from the latest technology innovations in data processing.
Avelacom is now live with Metamako’s C-Series network devices (using the MetaMux app, running an Intel Arria FPGA), providing its clients in Aurora Data Center in Illinois with substantially reduced latency and true real-time trading capabilities to access CME
RIMES Technologies, a provider of managed data services and RegTech solutions for the buy-side, has launched RIMES RegFocus BMR Control, a cloud-based service designed to help asset managers, banks and insurance companies comply with the EU’s landmark Benchmarks Regulation (BMR) coming into force on 1 January 2018 without the high cost and operational disruption associated with in-house upgrades to compliance systems and processes.
Under BMR, which aims to introduce a common framework and consistent approach to benchmark regulation across the EU, Benchmark Users are defined as supervised entities that use indices as benchmarks, and issue financial instruments or contracts that references
Eze Castle Integration, a managed services provider to the financial industry, has published a new whitepaper exploring strategies and best practices for private equity firms to protect data, assets, and corporate interests in the midst of growing cybersecurity threats.
The thought leadership paper, Cybersecurity for Private Equity, is available for download at www.eci.com/cyberPE-whitepaper.
As hackers become exponentially more sophisticated, the means with which they’re able to sell, proffer, and even influence information flow is greatly concerning to private equity and other investment management firms. Cybersecurity for Private Equity explores these concerns and examines:
• The current cyber
When it comes to understanding the entrepreneurial spirit necessary to build long-term hedge fund businesses, seed investors are as dialled in as anyone. With an eye on identifying the next, best talent, and backing them with day one seed capital, they know that their reputations are on line, should they get it wrong.
This makes the issue of outsourcing an intriguing one. How far would a seed investor go in terms of allowing a manager to outsource certain functions? Do they prefer to control things and mould the manager into an institutional outfit? And what of the role of technology,
By Nick Bayley (pictured), Duff & Phelps – In the good old days (any time before MiFID came along in 2007) the structure of European capital markets was relatively simple. There were really only two types of markets: highly transparent, exchange-operated markets and relatively opaque, over the counter (OTC) markets.
This was an era when the European markets were almost entirely free of statutory regulation and the exchanges were de facto monopolies in their particular asset class and jurisdiction. In order to trade equity, equity derivatives, commodity futures or whatever, you had to be a member of the relevant
