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Trax, a provider of capital market data, trade matching and regulatory reporting services, has launched the Insight Demonstrator, a validation engine allowing institutional firms to test their reporting activity against MiFID II transaction reporting obligations.
The Insight Demonstrator capitalises on Trax’s expertise in providing industry-leading transaction reporting capabilities as an Approved Reporting Mechanism (ARM) under MiFID I. It offers a testing environment, with state of the art rules-based technology, to provide firms with valuable information about their transaction reporting activity ahead of forthcoming regulatory deadlines. Despite the potential delay for implementation of MiFID II rules, Trax continues to work with
- 01/12/2015
RIMES, a provider of managed data services for the buy-side, has published a cautionary forecast, ahead of what the firm believes is set to be the most significant year for regulatory change in the industry in decades.
In 2016, two sizeable EU regulations are likely to come into effect, impacting asset managers and owners across the globe.
According to RIMES, the combination of the Solvency II EU Directive coming into effect on 1st January 2016 and the Financial Benchmarks Regulation, which last week underwent preliminary agreement between the European Parliament and the Council of the EU and is now
- 01/12/2015
Global hedge fund advisory and administration firm Maitland has made four appointments to its global business development and client management team.
The hires will be deployed in Europe, North America, and Latin America respectively, in order to spearhead growth in these regions. The hires come during a period of rapid global growth for the firm, which recently won a major contract with MMI Holdings (Momentum and Metropolitan), making it one of the largest fund administrators in the world in terms of AUA.
Luke Spencer-Wilson has joined the London team as Senior Business Development Manager. His remit will be to
- 01/12/2015
The announcement that China will join the reserve currency basket of the International Monetary Fund is only one aspect of a process that could channel up to USD3 trillion (USD4.2 trillion) into the country, according to AllianceBernstein (AB).
While the development is beneficial for China in the long term, the management of such large flows could cause some short- and medium term challenges for Chinese financial authorities.
“Capital flows arising directly from this development will be relatively small in themselves, at around USD40 billion,” says Hayden Briscoe (pictured), AB’s Managing Director – Asia Pacific Fixed Income.
“But it’s
- 01/12/2015
Franklin Square Capital Partners has appointed Greg Bassuk (pictured) as Managing Director and Head of Liquid Alternative Strategies. with responsibility for the development and management of the firm’s liquid alternatives platform.
“Greg Bassuk (pictured) is a veteran in the liquid alternative investments space with an impressive track record,” says Michael C Forman, Chairman and CEO of Franklin Square. “We are delighted Greg has joined Franklin Square to lead our liquid alts efforts, which we will pursue with the same focus on transparency and investor protection that has defined our firm's approach since our inception.”
Bassuk was most recently the
- 01/12/2015
CBOE Holdings is to launch options on FTSE 100 Index and the FTSE China 50 Index. Chief Executive Officer Edward T Tilly (pictured) made the announcement at the the firm’s Risk Management Conference Asia (RMC) in Hong Kong.
Options on the two FTSE Russell indexes are expected to begin trading at CBOE on 22 December, 2015.
The listing of the new FTSE 100 and FTSE China 50 Index options are part of a licensing agreement forged by CBOE and London Stock Exchange Group (LSEG) in February 2015. The deal made CBOE the exclusive provider of options on more than
- 01/12/2015
Multiple and powerful pressures are impacting the hedge fund industry, but two are particularly prominent: a dramatically increased regulatory burden, and investor demands for greater transparency and lower fees.
Far-reaching and complex new rules continue to reshape the environment, from Dodd-Frank and EMIR to FATCA and AIFMD. To meet these stringent regulatory responsibilities, and keep pace with evolving investor best practices, hedge funds will need to adopt a firm-wide “culture of compliance.”
Non-compliance not an option
Satisfying regulatory rules and investor demands may seem like a costly headache, but compliance is simply good business. Poor or non-compliance risks:
More frequent
- 01/12/2015
- 01/12/2015
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has increased its US presence and capabilities by opening a new office in Boston, which will provide support for its growing client base and the industry’s ever increasing demand for the AbacusFlex private cloud solution.
Abacus’s entry into the market was spurred by being selected by Boston based clients to provide a scalable, flexible and robust technology solution that also adheres to the latest regulatory compliance and security requirements.
"The financial services industry in the Boston area is significant, and both established and up-and-coming startup funds from across the region
- 01/12/2015
Natixis Global Asset Management has launched the ASG Dynamic Allocation Fund (DAAFX), a global asset allocation mutual fund managed by AlphaSimplex Group, LLC (AlphaSimplex).
The fund seeks to deliver long-term capital appreciation to investors looking for a tactical global asset allocation strategy.
“Building a durable investment portfolio has become even more challenging in a volatile market environment buffeted by global economic uncertainty,” says David Giunta (pictured), president and chief executive officer, at Natixis Global Asset Management, US Distribution. “To successfully diversify a portfolio of traditional stock and bond funds, investors need adaptive tools, such as the ASG Dynamic Allocation
- 01/12/2015
Banking and payments technology specialist FIS has closed it s acquisition of SunGard, a financial software and technology services companies.
The acquisition will allow FIS to offer a broad range of enterprise banking and capital markets capabilities that will further empower the financial industry worldwide.
With complementary technology solutions and services encompassing retail and institutional (or wholesale) banking, payments, risk management, asset solutions and insurance, the combined company now has more than 55,000 employees and USD9.3 billion in revenue on a pro-forma basis.
“At FIS, we are driving innovative solutions and delivering high-quality client experiences that move our clients’
- 01/12/2015
- 01/12/2015
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