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Cordium, a provider of governance, risk and compliance services, has launched a solution to help firms adapt to the new requirements of the Criminal Finances Act, set go into effect in September 2017.
Introduced by HM Revenue and Customs, the new legislation is intended to prevent the facilitation of tax evasion in the UK and abroad. All UK business entities are within the scope of the changes and must take appropriate steps to prevent criminal activity.
To assist firms with this process, Cordium has developed a solution aligned with the six guiding principles that constitute a reasonable prevention defence,
ABN AMRO Clearing Bank is to make Trading Technologies International’s (TT) trading platform available to its customers around the world.
ABN AMRO Clearing is already a distributor of TT’s legacy X_TRADER platform.
In the fourth quarter of 2017, professional traders who obtain software through ABN AMRO Clearing will have access to TT’s fully integrated suite of trading tools, including Autospreader, charting and analytics, block trading and TT Desktop, TT’s highest-performing user interface for complex workspaces that span across up to 16 monitors.
“We are pleased to offer ABN AMRO Clearing customers access to TT’s professional trading tools and enhanced
Bats Europe (Bats) is to expand its European index franchise with the planned launch of 18 new regional European benchmark indices, which include the Bats Eurozone 50, Bats Nordic 40 and Bats Europe All Companies.
The new indices, which are planned to launch on 19 June 2017, bring further choice to the index market in Europe, providing investors and market participants with a real-time, high-quality, low-cost alternative to existing benchmarks. The indices have performed closely in line with comparable benchmarks and are designed and managed under the same set of consistent Bats’ rules used to create all of Bats’ benchmark
The Alignment of Interests Association, (AOI) a non-profit investor-driven organisation, has released Hedge Fund Fees: Achieving Greater LP/GP Economic Alignment, a set of guidlines aimed at creating increased investor-manager alignment on the issue.
AOI’s Hedge Fund Fees guidance was developed by a committee comprised of leading institutional investors in hedge funds, including pensions, foundations and endowments, and consultants for investors in the space. The organisation said AOI’s members continue to see merit in investing in hedge funds, but not without more significant changes to the traditional fee model than simply a discounted rate.
The paper is a result of many
Steadfast Capital Markets Group has teamed up with Alcentra, a BNY Mellon investment boutique, to launch its latest alternative program, Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund that seeks to capitalsze on the growing opportunity to provide direct lending to middle-market companies in the United States and Western Europe.
Steadfast is teaming with Alcentra as the fund’s investment sub-adviser. Alcentra will source and actively manage the fund’s direct lending investments, backed by its deep institutional expertise and experience in providing debt and equity financing to middle-market companies, both in the US and Europe. The fund’s objective is to provide qualified
Tai United Holdings Limited’s indirect wholly-owned Singapore-based subsidiary Tai United Asset Management has been approved by the Monetary Authority of Singapore (MAS) as a Registered Fund Management Company (RFMC) under the Securities and Futures (Licensing and Conduct of Business) Regulations to officially carry on fund management business in Singapore.
Since it began business in Singapore in 2016, Tai United Asset Management has been mainly conducting trading, of securities and derivatives, including futures (induces, foreign exchange, bonds and major commodity futures) and options using macro and hedging strategies, in developed capital markets, aiming for excess returns. After the approval, Tai United
RSRCHXchange has integrated Substantive Research’s Substantive ResearchMatch Curations into the RSRCHX platform, enabling clients to seamlessly move from research curation to purchasing subscriptions and reports.
The Substantive ResearchMatch Curation service highlights must-read publications by banks and independent providers on a given theme, and hunts for research outside a portfolio manager’s core providers that matches their current needs and preferences. ResearchMatch Curation combines technology and human expertise to curate at an individual portfolio manager level, ensuring there is a match by style and process as well as relevance.
The collaboration will now enable Substantive’s fund management customers to quickly and
Data analytics platform Street Diligence has launched Bank Loan and High Yield Screener, which is designed to provide comprehensive analysis and instant comparability of covenant data.
The platform, the first and only credit focused analytics platform built for buy and sell-side investment professionals, is designed to provide a comprehensive analysis of new and existing credit securities across a wide spectrum of debt structures, including revolvers, first and second lien debt as well as senior and subordinated bonds. Users benefit from access to deal terms during negotiations and streamlined portfolio management and analysis.
The platform breaks down key covenant
The May 2017 average daily transaction value on the Euronext cash order book stood at EUR8,471 million, up 42.8 per cent compared to May 2016 and stable (+0.2 per cent) from the previous month.
The average daily transaction value on ETFs was EUR548 million, up 22.5 per cent compared to May 2016 and steady from the previous month. Our ETF offering remained stable this month with 809 listings at the end of May compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 222,863 contracts in May 2017, up 14.1 per cent compared to
London and Paris-based specialist structured product firm Hilbert Investment Solutions has appointed David McFadyen as its UK Business Development Manager.
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