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Euronext achieved trading volumes in October 2017, with the average daily transaction value on the Euronext cash order book standing at EUR7,172 million, up 13.3 per cent compared to October 2016 and down 1.7 per cent from the previous month.
The average daily transaction value on ETFs was EUR396 million, down 6.1 per cent compared to October 2016 and down 8.4 per cent from the previous month. Euronext’s ETF offering increased this month to 831 listings at the end of October 2017 compared to 790 end of 2016.
In October 2017, the overall average daily volume on derivatives reached 497,684 contracts, up 8.6
The Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against Morgan Stanley and Co Incorporated (Morgan Stanley), for non-compliance with rules governing Part 17 Large Trader reports to the CFTC spanning a ten-year period and affecting thousands of line items of information.
The CFTC Order requires Morgan Stanley to pay a USD350,000 civil monetary penalty, cease and desist from further violations of the Commodity Exchange Act (CEA) and applicable Regulations, and comply with certain undertakings, including continuing cooperation with the CFTC’s Division of Enforcement in any investigation, civil litigation, or administrative matter related to
Aquis Exchange, the exchange services group, has hired Adrian Ip to the newly-created role of head of project/product management.
Aquis Exchange consists of two divisions, one operates a pan-European cash equities trading exchange (Aquis Exchange), which uniquely uses the subscription pricing model, and the other arm develops and licenses exchange software to third parties (Aquis Technologies).
Aquis Technologies creates and licenses a cost-effective matching engine and market surveillance technology for banks, brokers, investment firms and exchanges, as well as single dealer platforms for the growing Systematic Internaliser market segment. In Europe there is particular demand for compliance and surveillance
CubeLogic, a specialist in Business Intelligence products and services for risk management in the energy, commodity, and financial markets, has appointed Mark Crosno (pictured), as Vice President of US sales to help manage the exploding interest in cloud-enabled BI for risk management.
Following more than 100 per cent growth over the past 12 months, and numerous new customers, CubeLogic is experiencing tremendous interest and demand for our products and services. With 30+ years of experience, half directly in the energy commodity trading and origination market and the second half in the energy commodity CTRM software business, Mark is perfectly suited
Saxo Capital Markets UK Ltd (SCML), the UK subsidiary of Saxo Bank A/S, has appointed Andrew Edwards as its new CEO effective from January 2018.
Edwards (pictured), joins SCML as an experienced CEO with over eighteen years in the sector, twelve which were spent establishing and expanding a complex financial services business. Edwards most recently served as CEO of ETX Capital and his appointment will strengthen Saxo’s ambition to further build out and facilitate partnerships and collaborations as well as giving private clients access to multi-asset trading capabilities.
Anthony Belchambers, Non-Executive Chairman, SCML, says: “We are delighted to welcome
Colin Morton, vice president, portfolio manager, Franklin UK Equity Income Fund and Franklin UK Rising Dividends Fund, comments in the Bank of Englands decision to raise interest rates…
With this interest rate rise, the Bank of England (BoE) has reversed an emergency measure put in place post Brexit that perhaps ended up being unnecessary, given that the expected recessionary environment and jump in unemployment has not materialised. Mark Carney’s creditability was on the line and today’s decision sidestepped any danger of him being accused of ‘crying wolf’ for a second time if no action was taken. Against that backdrop, today’s
The Bank of England has raised interest rates by a quarter point to 0.5 per cent, the first interest rate rise in a decade.
Commenting on the decision, Andrew Fowkes, Head of Retail Centre of Excellence, SAS UK & Ireland says: “Today’s decision to increase interest rates will be felt by consumers immediately.
“Some brands have already invested in the ability to respond to external events in real-time to survive and thrive. Our research shows that over half (55 per cent) of UK organisations use changes in financial markets to inform their customer interactions, with telco providers, insurance companies and
H2O Asset Management, an affiliate of the Natixis Global Asset Management Group, has acquired a strategic stake in Poincaré Capital Management, a Hong-Kong-based asset manager focusing on global equities driven by Asian growth.
This move followed H2O’s recent communication on the limited management capacity left in its high-risk global macro products, and on its ambition to expand its range of investment products through acquisitions that remain close and complementary to its DNA. After launching a global emerging debt, then a global aggregate fund, H2O created its Barry brand in 2016, which is dedicated to thematic investments linked to the lack of liquidity
International law firm Proskauer has promoted 23 lawyers, 14 to partner and nine to senior counsel, including three partners promotions in the private investment funds and private equity teams in London.
“We are pleased to promote this outstanding group to our ranks as partner and senior counsel,” says Proskauer Chairman Joe Leccese. “We applaud them on achieving this significant milestone in their careers and are confident that they will continue to make remarkable contributions to our clients in the years ahead.”
Edward Lee advises fund managers and institutional investors on a broad range of matters relating to private funds,
The European Energy Exchange (EEX) achieved a total volume of 261.3 TWh on its power derivatives markets in October (October 2016: 410.1 TWh).
The October volume comprised 141.1 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
The shift in liquidity from the German-Austrian Phelix Future into the German Phelix DE future continued to increase in October. A large share of German trading volumes for maturities beyond 2018 is already traded in the Phelix-DE Futures on a regular basis. In October, options were traded on
