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SS&C Technologies Holdings has appointed Smita Conjeevaram (pictured), an industry veteran with decades of experience leading the operations of global financial services companies, to the firm’s Board of Directors.
A CPA with ten years of experience in the Big 4, Conjeevaram is a well qualified financial expert with significant regulatory and international tax expertise. In her most recent operational role, she served as chief financial officer of the credit hedge funds of Fortress Investment Group, a USD74 billion global investment firm. Prior to that, she served as the CFO of Everquest Financial, Strategic Value Partners, ESL Investments and Sentinel Advisors.
- 25/11/2015
Depressed share price valuations and governance concerns have ignited shareholder activism campaigns against three business development companies (BDCs) over the last several months, including two rated by Fitch Ratings.
Fitch believes the heightened dialogue may lead to strengthened oversight, which would be beneficial for BDC creditors, provided other equity-friendly measures are not over emphasised.
The Fitch-rated universe of BDCs was trading at an average discount to net asset value of 14.3 per cent as of 19 November. Given the significant number of new BDCs operating, variations in governance quality have emerged. Activist presence may trigger more widespread attention to
- 25/11/2015
The US Commodity Futures Trading Commission (Commission) has unanimously approved proposed rules that mark a comprehensive regulatory response to the evolution of automated trading on US designated contract markets (DCMs).
The proposed rules, known collectively as Regulation Automated Trading or Regulation AT, represent a series of risk controls, transparency measures, and other safeguards to enhance the US regulatory regime for automated trading. The notice of proposal will be open for a 90-day public comment period.
Regulation AT takes a multilevel approach by proposing risk control and other requirements for (a) market participants using algorithmic trading systems (ATSs), who are
- 25/11/2015
ITG has added trading in India and Taiwan equities to the award-winning POSIT Alert crossing network. ITG now offers POSIT Alert in ten Asia Pacific markets, reflecting the ongoing demand for crossing tools in the region and reinforcing ITG’s global commitment to high quality, block size liquidity for institutional investors.
In addition to India and Taiwan, the POSIT Alert block crossing platform is now available for trading Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines and Singapore as well as 22 EMEA countries, Brazil, Canada, Mexico and the U.S.
Ofir Gefen (pictured), Head of Electronic Brokerage for ITG in
- 24/11/2015
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has fully implemented ISO 15022 messages for its Worldwide Fixed Income offering.
The EDI service provides a comprehensive overview of the global fixed income market. It covers new corporate, government bond and government agency issues from 150 countries, as well as changes to their terms and conditions.
The newly released ISO feed is available on its own or integrated with EDI’s existing Equity SWIFT ISO 15022 offering. It covers all messages, including cash flows, partial and full redemptions and conversions. It also captures defaults and bankruptcies.
Kevin Brady, EDI’s
- 24/11/2015
The Chicago Board Options Exchange (CBOE) has created five new options-based strategy performance benchmark indexes that focus on options as risk management and yield enhancing investment tools
Index values for the new benchmarks, which are tied to the Russell 2000 Index (RUT), will be available on CBOE's website and from quote vendors beginning Monday, November 23, 2015.
Inspired by CBOE's flagship strategy benchmark series, the new benchmarks use RUT options to create a CBOE Russell 2000 PutWrite Index, a CBOE Russell 2000 Zero-Cost Put Spread Collar Index, a CBOE Russell 2000 30-Delta BuyWrite Index, a CBOE Russell 2000 Conditional
- 24/11/2015
Alternative investments specialist Franklin Square has hired Marc Yaklofsky as Senior Vice President of Corporate Development.
Yaklofsky will lead business development and strategic initiatives, while further developing Franklin Square’s stakeholder communication efforts.
“Marc has extensive experience in business development and stakeholder relations, and is an excellent addition to our team,” says Michael F Gerber, Executive Vice President of Franklin Square. “As we have grown as a firm, so too have our opportunities to execute on strategic initiatives, and we look forward to Marc helping us continue our growth.”
Yaklofsky was most recently Managing Director, Head of Stakeholder Relations,
- 24/11/2015
Eurex is now offering its Trade Entry Services (TES) for customers based in the US.
Eurex’s TES enable trading participants to enter off-book transactions into the Eurex system, which allows them to benefit from the flexibility of customised trading and the advantages of standardised clearing and settlement through Eurex. Off-book trades can be processed for all Eurex Exchange products approved for trading in the U.S. by the Commodity Futures Trading Commission (CFTC).
The TES are available, among others, for FX futures, equity index futures, and fixed income futures and options.
- 24/11/2015
The Depository Trust & Clearing Corporation (DTCC) has launched its Data as a Service (DaaS) offering, the latest solution available through its centralised and dynamic data provisioning service.
The newest offering from DTCC Data Products transforms the way data is accessed and presented from DTCC’s clearing, settlement, asset servicing and derivatives trade reporting solutions, providing firms with new insights on trading activities across multiple asset classes.
DTCC has unparalleled access to financial markets data, enabling its clients to directly source reliable, enriched and unique market and reference data. The DaaS offering provides subscribers access to their own firm-specific transaction
- 24/11/2015
To date, most hedge fund strategies are up in November as previous trends in FX and commodities continue unabated. The renewed fall in commodity prices has triggered another leg down in energy stocks in November. As a result, the defensive positioning of hedge funds on the commodity complex has been rewarding.
- 24/11/2015
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