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Nasdaq’s Nordic Fund Market (NFM) has launched on the Bricknode Marketplace, allowing the Swedish company’s users to become Nasdaq customers and do business with more than 5000 funds in the EU.
“Our goal is to be the number one cloud based “ecosystem” for financial businesses, institutions, Fin Tech-innovators and app developers. Integrating Nasdaq’s system with ours is an indicator that we are well on our way there,” says Bricknode founder Stefan Willebrand (pictured).
Through Nasdaq, Bricknode users can now choose between two services: NFM Order Routing for automated fund orders or NFM Full Service that also supports settlements, payments,
Most hedge fund strategies remained in positive territories in the past week, with Global Macro leading the pack, benefitting from short European bonds and from positions in Japanese FX and equities, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
The Lyxor Merger index is up +7 per cent year-to-date. While deal spreads tightened up until the summer, they have widened since then. Merger funds though, have emained immune.
Lyxor writes: “Since the end of last year, the perception of merger risk receded. The number of deals motivated by an inversion objective dried out and very
Back in July this year, GPP, a London-based boutique prime broker, partnered with AIMA – the voice of the global alternative investment industry – to create an in-depth survey on the emerging manager community; one that dominates the industry, in terms of fund numbers, yet rarely has its voice heard.
The survey canvassed the views of 135 global small and emerging managers – defined by AIMA as those with less than USD500 million in AUM – and the results went some way towards allaying concerns that running a profitable hedge fund has become too expensive in today’s post-regulatory world.
To
The London Metal Exchange and LME Clear (together, the LME) has announced the delivery programme for its strategic pathway, including product launches, membership enhancements and new trading efficiencies.
Matthew Chamberlain (pictured), London Metal Exchange CEO, says: “We’re delighted to have received positive feedback on our strategic plans for the LME market. Looking ahead, we have an exciting delivery plan for 2018. One key area of expansion is our battery metals offering – we already list copper, nickel, aluminium and cobalt contracts, but we’ll be working with the battery and electric vehicle industries over the coming months to deliver new contracts
S&P Dow Jones Indices (S&PDJI) is now publishing carbon metrics on the majority of its equity indices, including the S&P Global 1200, S&P 500, Dow Jones Industrial Average and environmentally-focused indices including S&P Global 1200 Carbon Efficient Index Family and S&P Global 1200 Fossil Fuel Free Index Family.
S&P DJI is the first index provider to publicly display carbon metrics as standard alongside financial data on its indices on a monthly basis. The initiative is part of S&P DJI’s commitment to support ESG transparency enabling market participants to understand, measure and manage carbon risk.
There are three metrics currently
Artisan Partners has launched the Artisan Global Discovery Strategy, which is available on a separate account basis and via the Artisan Global Discovery Fund, an Irish-domiciled UCITS fund.
The strategy is managed by the Artisan Partners Growth Team, with Jason L White (pictured), as lead portfolio manager and James D Hamel, Matthew H Kamm and Craigh A Cepukenas also serving as portfolio managers. White joined Artisan Partners in 2000 and has 17 years of investment experience, including serving as a portfolio manager since 2016 and as an associate portfolio manager since 2011 for the Artisan Global Opportunities, US Mid-Cap Growth
Global investment research platform Alphametry has launched a comprehensive research management solution for the buy-side.
Alphametry Investor will provide all asset managers, regardless of their size, with the benefits of a powerful, cloud-based solution enabling them to manage all their research with meaningful analytics, with the added advantage of complying with the new unbundling rules.
Adapting to the new MiFID II regime, which requires the separation of research and execution fees, is just the tip of the iceberg. Competition and innovation are forcing firms’ investment processes to evolve dramatically. Highly diverse sources of research must be quickly and systematically turned
TMX Group Limited (TMX Group) is to acquire London-based Trayport Holdings Limited, and its US-based affiliate, Trayport Inc – a provider of pre-trade energy solutions for traders, brokers and exchanges – from Intercontinental Exchange (ICE) for GBP550 million (CAD931 million) in total consideration, including GBP350 million (CAD592 million) in cash.
In conjunction with the proposed acquisition of Trayport, TMX Group has agreed to sell Natural Gas Exchange Inc (NGX) and Shorcan Energy Brokers Inc (Shorcan Energy) to ICE, valued at a combined GBP200 million (CAD339 million). The sale of these assets was an important component of TMX Group’s successful bid,
Barclays Bank PLC, as index sponsor of the Barclays Global Carbon Index Total Return – the underlying index for the iPath Global Carbon ETN – has announced that the index will be retired effective 27 October, 2017.
The index will be replaced by the Barclays Global Carbon II TR USD Index, effective after the close of 27 October, 2017. Pursuant to the terms of the ETNs, Barclays Bank PLC as calculation agent on the ETNs has approved the Successor Index as a successor index for the ETNs following the discontinuation of publication of the Original Index.
Friday, 27 October,
Global securities firm RBS Securities is to pay a USD35 million penalty relating to the company’s fraudulent trading through its now-defunct US Asset-Backed Securities, Mortgage-Backed Securities and Commercial Mortgage-Backed Securities Trading group.
The penalty is part of a non-prosecution agreement reached with the US Attorney’s Office which also includes a payment of pay more than USD9 million of restitution to victim customers, including firms affiliated with recipients of federal bailout funds through the Troubled Asset Relief Program.
The government’s investigation revealed that RBS – principally from its trading floor in Stamford, Connecticut – perpetrated a scheme from 2008 to
