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Haitong International Securities Group has successfully gone live with GBST Holdings’ Syn~ capital markets platform to create a new institutional middle-office solution that the firm says is now a key component of its business expansion.
According to Haitong, due to rapidly growing trading volumes, its global institutional business needs an automated middle-office with low-latency matching and confirmations capability.


Andrew Sullivan, Managing Director of Sales Trading, Haitong International, says: “We are happy with the adoption of the internationally accredited system GBST Syn~, we are looking forward to receiving positive feedback from our clients.”

GBST says Syn~’s workflows cater for a wide range
The number of Europe-focused private equity funds of funds to close so far in 2015 is at its lowest ever level, with just seven vehicles having held a final close. Despite slow fundraising, 2012 vintage funds have seen the highest median IRR historically and a substantial number of European investors are still showing an interest in committing to this strategy. In its latest factsheet, Preqin compiles the latest data on the European fund of funds market.
Read the full factsheet here.
This article, taken from the newly released Preqin Special Report: Natural Resources, looks at the make-up of institutional investors in natural resources, preferred strategies and regions, sources of allocations and future investment plans.
The increasing amount of capital raised by natural resources funds in recent years indicates healthy investor appetite for the asset class. As previously mentioned, a Preqin survey in June 2015 found that 29 per cent of investors in natural resources planned to increase their exposure to the asset class over the long term, compared with only 12 per cent that planned to reduce their allocations. Preqin’s
Alberta Investment Management Corporation (AIMCo), together with the Virginia Retirement System, has successfully recovered USD 204.4 million on behalf of investors in the now-defunct broker-dealer MF Global.
AIMCo and Virginia serve as Co-Lead Plaintiffs in the class action securities litigation In re MF Global Holdings Limited Securities Investment Litigation and have pursued the case for over three years. AIMCo is represented by Bleichmar Fonti Tountas & Auld LLP ("BFTA") and Virginia by Bernstein Litowitz Berger & Grossmann LLP.
"AIMCo considers its fiduciary obligations to our Alberta clients to be of paramount importance. Companies that do not adhere to those same
Interactive Data, a provider of financial market data and analytics has added normalised swap data from the four principal Swap Data Repositories (SDRs) to its Consolidated Feed.
Dodd-Frank and EMIR rules require that certain trades of credit, interest rates, commodities and foreign exchange derivatives must be reported to an SDR within a certain timeframe post-execution, and that the data must be made publicly available. However, accessing and collating that data from the SDRs globally is a time and resource-intensive process in its own right, even before the more complex and costly challenge of analysing and categorising the data begins.
GTRA
Underwhelming performance in 2015 and high investor dissatisfaction have reduced inflows and demand for CTA funds, according to a report release by Preqin.
Having recorded returns of +10.85 per cent in 2014, their strongest performance since returning +15.70 per cent in 2010, CTAs saw further good performance in Q1 2015 as they posted returns of +4.29 per cent. However, negative returns in Q2 (-3.74 per cent) and Q3 (-0.16 per cent) saw volatile swings in CTA performance, and as of the end of October Preqin’s CTA benchmark has recorded YTD losses of -0.39 per cent. In contrast, all other hedge
The London Metal Exchange (LME) is planning to introduce a cap on the rent that can be charged by an LME-approved warehouse for metal held in a delivery queue, and an increased minimum load-out rate for metal stored in LME warehouses.
The LME’s decision comes in response to market-wide discussion and consultations.
Since 1 July 2015, the LME has sought feedback on a proposed increase in the standard load-out rate (LORI) and on suggested queue-based rent capping (QBRC) rules. It has received 20 responses to the consultations overall.
After considering respondents’ views, the LME now intends to impose
Euronext is to launch Spotlight options on ABN AMRO Group as of 26 November on its Amsterdam derivatives market. The options (ABN) follow the company’s successful IPO and listing on Euronext Amsterdam, that took take place on 20 November.
Spotlight options are a special segment on the derivatives markets of Euronext, dedicated to the development of new option classes on newly listed companies and other securities requested by market participants. These options give additional visibility to underlying assets through a unique combination of liquidity provider support and promotion by sponsoring brokers. The options classes initially have short-term maturities of one,
CLS Group (CLS), a provider of risk mitigation and operational services for the forex (FX) market, and Markit, a provider of financial information services, have launched a new FX settlement service for the cross currency swaps market.
Cross currency swap trades expose counterparties to significant settlement risk due to the high value of initial and final principal exchanges. The service provides a streamlined process for the payments related to these trades by incorporating them into CLS’s existing unique payment-versus-payment (PvP) settlement service. CLS receives settlement instructions from cross currency swaps electronically confirmed using MarkitSERV, the OTC derivatives trade processing service
Commodity Futures Trading Commission chairman Timothy Massad (pictured) comments on the proposed rule on automated trading…
The Commission has approved a proposal that addresses the increased use of automated trading in our markets. I strongly support this important action. In the futures markets, today almost all trading is electronic in some form. And over the last few years, more than 70 per cent of all trading has become automated.
Automated trading has brought many benefits to market participants. These include more efficient execution, lower spreads and greater transparency. But its extensive use also raises important policy and supervisory questions and concerns.
The
