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Boerse Stuttgart, Germany's leading exchange for retail investors, has gone live on Genium INET. The system named Xitaro will be used for trading of all asset classes including equities, fixed income, exchange traded products and securitised derivatives.
In addition to delivering the exchange system, Nasdaq is also providing Boerse Stuttgart with hosting and technical operations services.
"Especially at times of intense competition, exchanges need to maintain a broad level of investment in their systems," says Dr Christoph Boschan von dem Bussche, Member of the Management Board of Boerse Stuttgart GmbH. "That is the only way to ensure stability and
- 08/10/2015
Harvest Exchange, a software platform that builds public and private digital communities across the financial services sector,has appointed Derek Anderson as Chief Technology Officer (CTO), a newly created position.
Anderson, 35, reports to CEO Peter Hans and is charged with enhancing the efficiency and scalability of the firm’s proprietary software and developing new platform features and offerings.
"Derek joins at an inflection point for our business as the mechanisms and delivery of content marketing and investor communications continue to undergo a paradigm shift," says Hans.
Harvest has also added a new compliance module that allows for multiple compliance
- 08/10/2015
- 08/10/2015
Euronext saw record trading in its Rapeseed grains Futures contract on 6 October 2015 with 21,140 lots traded. This record surpasses the previous best of 20,881 lots in October 2013.
Rapeseed oil, thanks to its chemical properties, is a key component for the European diesel blending supply chain, especially in winter. The recent rally in the oil market and Rapeseed’s close correlation to gasoil have contributed to this increase in trading volumes.
Euronext launched a combined Rapeseed derivatives complex in 2014, offering the industry both Rapeseed meal and Rapeseed oil futures and options in individual contracts. The launch expanded the Euronext commodities
- 08/10/2015
- 08/10/2015
OpenGamma, a specialist in market structure risk management solutions, has enhanced its multi-CCP margining solution to support Eurex ETD, OTC, and Cross Margining.
The Eurex Clearing Prisma Margin Estimator (PME), which was announced this week, is based on the OpenGamma Margining Eurex Clearing Module.
Better measurement and management of CCP exposures and associated costs is fast becoming a critical aspect of risk and capital management in the OTC derivatives market. The optimisation of those costs through various mechanisms, whether through active collateral substitutions or capitalising on available cross-margining benefits, is an important next step for the industry in a
- 08/10/2015
Agecroft Partners is again planning to donate 100 per cent of its profits from the Hedgeopolis New York 2015 hedge fund conference to non-profit organisations that benefit children.
In 2014 Agecroft, through its founding partner Don Steinbrugge (pictured), donated approximately USD100,000 in profits from Hedgeopolis 2014 both directly and to a charitable trust for non-profit organisations that benefit children. This year, Agecroft Partners plans to donate to over 15 different organisations with a majority of the donations going to organiations that help troubled youth.
Some of the organisations selected to receive funds include: ChildSavers, Elk Hill, Children’s Hospital Foundation,
- 08/10/2015
Eurex Clearing is to launch its new Eurex Clearing Prisma Margin Estimator (Eurex Clearing PME), which has been developed in collaboration with OpenGamma, on 16 November 2015.
This new service will further enhance the risk management offering for its members as it helps them and their clients to assess Eurex Clearing Prisma initial margins for their current as well as for any hypothetical portfolios.
“We have worked closely with Eurex Clearing to ensure that the Eurex Clearing PME supports their state-of-the-art margin methodologies and the needs of their clients,” says Mas Nakachi, CEO of OpenGamma. “The Eurex Clearing PME
- 08/10/2015
Cortland Capital Market Services has received authorisation from the Financial Conduct Authority (FCA) to perform regulated activities vital to the company's client base of investment managers and commercial lenders.
Regulated activities include loan agency, escrow services, cash management, paying agency and custody.
"Our global and European direct lender and investment manager clients demand a trusted, responsive and highly technical provider to administer and manage their middle office," says Juliana Ritchie (pictured), Co-Head of Cortland Europe. "Obtaining this critical authorisation enables us to address and fully meet client requirements."
As an Authorised Payment Institution (API), Cortland is approved to
- 07/10/2015
- 07/10/2015
Eze Castle Integration has hired Maria DeSousa (pictured) as its chief administrative officer. DeSousa is an experienced technology and financial services industry executive with more than 15 years of finance, operations and technology expertise.
Prior to joining Eze Castle Integration, DeSousa was director of finance, M&A at Factset Research Systems, Inc, where she was responsible for pre- and post-acquisition activities. Previously, DeSousa was vice president of finance and operations at Code:Red, an investment research software platform for financial services firms. Code:Red was acquired by Factset in February 2015. DeSousa will lead Eze Castle Integration’s finance department, with responsibilities including global
- 07/10/2015
100 Women in Hedge Funds (100WHF) is marking the organisation’s 500th Industry Education session with an event tonight in London on 7 October followed by other events at 100WHF locations around the world culminating with a celebration in New York on 10 November.
The London and New York sessions feature past and present 100WHF Industry Leadership Award recipients, honoured by 100WHF for their achievements and contributions to the industry.
At the London event, 100WHF European Industry Leadership Honorees Look Back and Look Ahead to Five Essential Industry Trends, panelists are expected to comment on trends in the investment market
- 07/10/2015
Apex sees 40 per cent increase in AUA in past 12 months
Apex Fund Services has seen growth of over 40 per cent in both the number of funds the firm services and the total of assets under administration (AUA), which now stands at over USD45 billion.
Amplitude Capital is one of the latest fund providers to turn to Apex for administration services for the offshore funds it manages, which total over USD1.5 billion in assets under management.
Apex, which has operations in Switzerland, the UK and the Cayman Islands, has always proved popular for new fund launches, however
- 07/10/2015
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