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BNP Paribas Investment Partners, Odey Asset Management and Sumitomo Mitsui Trust Bank are the newest members of the International Accounting Standards Board’s (IASB) Investors in Financial Reporting programme.
The programme was established in 2014 to increase the Board’s engagement with the investment community. The new joiners bring the total number of investment organisations in the programme to 18. The other members of the programme are Aberdeen Asset Management, Allianz Global Investors, APG Asset Management, AustralianSuper, BlackRock, Caisse de dépôt et placement du Québec, Fidelity Worldwide Investment, Henderson Global Investors, Hermes Investment Management, Insight Investment, Lazard Asset Management, Nomura Asset
The Financial Industry Regulatory Authority (FINRA) has gone live with expanded data on over-the-counter (OTC) trading in equity securities is now live, extending the authority’s trading-volume transparency to all of the OTC market.
With this enhancement, FINRA is supplementing the data that it currently makes available on trading by alternative trading systems (ATSs) including venues known as "dark pools" with new data on all other equities volume executed OTC by FINRA members (non-ATS OTC volume). The additional data covers approximately 20 percent of all trading volume in National Market System equities.
"Enhanced disclosure of over-the-counter trading serves the interests of
The European Energy Exchange (EEX) in line with its growth strategy achieved record results in both sales and profits in 2015.
In the course of the year, EEX Group, now fully incorporated with the companies Powernext, EPEX SPOT and APX, implemented a series of measures which aimed to increase volumes in its core markets, while expanding its product portfolio into new regions and product classes.
EEX Group sales revenue increased by 147 per cent to a total of EUR190.4 million. Iris Weidinger, Chief Financial Officer of EEX, says: “The full consolidation of the new companies has made a significant contribution
The theory behind Moore’s Law is that computer processing power doubles every two years. And whilst technology advancements are benefiting global industry at large, within asset management it is beginning to blur the lines with respect to data and the myriad reports that regulators have required within recent years.
Pushing the rock
In short, it has become a Sisyphus-like challenge for asset managers—and will continue to be—as they bring on board new IT systems, and more reporting staff, in response to the reporting demands being placed on them. This is both a time and capital-intensive exercise.
However, this is not
The State Street Global Investor Confidence Index (ICI) for April 2016 decreased to 109.1, down 5.7 points from March’s revised reading of 114.8. The decline in sentiment was driven by a decrease in the North American ICI from 123.7 to 115.
The Asian ICI decreased by 4.2 points to 107.8 while the European ICI fell the least, from 95.8 to 95.3.
The Investor Confidence Index was developed by Kenneth Froot and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and
Nomura Research Institute (NRI) has begun the next phase of its I-STAR suite upgrades in preparation for the shortened settlement cycle of Japanese Government Bonds(JGB) to T+1 set by the Japan Securities Dealers Association (JSDA) Working Group scheduled for early 2018.
I-STAR suite, NRI’s ASP back-office solutions for securities firms, enables clients to respond to the major regulatory changes in a timely manner and improve the efficiency of operations, while also reducing the cost burden.
Of the I-STAR suite, this new upgrade will be applied to its I-STAR/LC product, NRI’s real-time clearing and settlement solution connected to the Bank of
Citi Private Bank North America’s National Hedge Fund Sales Team, which focuses on the private banking needs of hedge fund founders, has grown by more than 50 per cent since inception in 2015 and currently has 140 hedge funds and their principals as clients.
The team is led by Keith Gertsen (pictured), Managing Director, Citi Private Bank, North America.
"Hedge fund principals have unique personal financial planning and investment needs, often with significant wealth concentrated in their funds. Our momentum in this space is a testament to our ability to deliver the full capabilities of our Institutional Clients Group platform
Five new investment platforms have joined the Millennium Trust Company’s Millennium Alternative Investment Network (MAIN), bringing the total number listed to nine.
In addition to Lending Club (NYSE: LC), announced earlier this month, EquityZen, iCapital Network, Prodigy Network, and RJ Oasis are now available through MAIN.
Millennium Trust collaborates with leading online investment platforms and service providers to create solutions that use technology to provide qualified investors with an easy way to find and research alternative investments, and then purchase and custody the investment through their Millennium account.
Alternative assets are expected to grow to as much as USD15.3 trillion
An economic slowdown in Asia was listed by 22 per cent of respondents of a recent survey conducted by The Depository Trust & Clearing Corporation (DTCC) as the biggest systemic risk to the broader economy – a dramatic change from just one year ago when only one per cent of respondents ranked an economic downturn outside of the EU/US as the biggest risk.
The increasing focus on macroeconomic risks is further supported by rising concerns over the US and European economy. A US slowdown was ranked as a top five concern for 37 per cent of respondents, up from 28
After decades of sustained growth, volume in the US options markets has plateaued even as volatility has surged. A number of issues are to blame for the decline, including waning investor interest, the exodus of proprietary bank trading activity, and the growing complexity of market structure.
The fragmented exchange landscape is a primary driver of market complexity, as exchanges compete through innovative trading functionality to attract order flow from market participants. One of these innovations is the price improvement auctions, which allow retail investors to get price improvement. However, their success has created challenges for the long-term viability of
