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Euronext has expanded it Spotlight options offering with new options on IMCD, a distributor of speciality chemicals and food ingredients (ticker symbol: IMD).
The options follow the company’s successful IPO on Euronext and are available for trading on the Amsterdam market with immediate effect.
The Spotlight segment is dedicated to the development of new option classes requested by market
participants. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three months. The combination of added liquidity and visibility allows the option classes to grow to become mature option classes. If these option classes take
Eurex Exchange has launched new futures and options based on the STOXX Global Select Dividend 100 Index expanding its dividend index product suite, which currently comprises the DivDAX and Euro STOXX Select Dividend 30 indices.
Whereas the two existing contracts cover German and European stocks, the STOXX Global Select Dividend 100 Index offers investors the ideal tool to invest into 100 high dividend-yielding companies across developed countries from North America, Europe and Asia/Pacific. As of June 2015, nearly 1.7 billion euros in assets are invested in ETFs that are based on the STOXX Global Select Dividend 100 Index.
“The STOXX
Singapore Exchange (SGX) is pleased to welcome Hong Kong-based Bright Smart Futures and Commodities Company Limited (Bright Smart) to its derivatives market as a trading member.
Chew Sutat, Head of Sales and Clients at SGX said, “We are pleased that Bright Smart has joined the SGX family as we continue to expand our footprint in Greater China. The active participation of Bright Smart and their network of clients will add to the liquidity in our suite of derivative products. Together, we are well-positioned to better serve our customers who are keen to tap on trading and investment opportunities in Asia.”
Greece is back from the brink and now it is like the latest leg of the Greek saga was just a bad dream. The 85% probability of Grexit which some prominent commentators predicted a few days ago is now forgotten and market conditions in Europe have normalized in the wink of an eye. During the period under review, the Eurostoxx 50 was up 9.5%, equity volatility fell 10% (VSTOXX), high yield spreads tightened 26 bps in Europe and the 10-year bund yield rose by the same order of magnitude.
ETFGI reports that the second quarter has seen assets invested in the global ETF/ETP industry finally beat the assets under management in the hedge fund industry.
Deborah Fuhr says: “According to our analysis there was USD2.971 trillion invested in the 5,823 ETFs/ETPs listed globally at the end of Q2 2015.”
Assets had dropped slightly from their record high of USD3.015 trillion at the end of May 2015, Fuhr writes. HFR reports that assets in the global hedge fund industry reached a new record high of USD2.969 trillion invested in 8,497 hedge funds over the same period, some USD2 billion smaller
Global law firm Proskauer announced that
Niamh A Curry has joined the law firm Proskauer’s Private Investment Funds Group as a partner in New York. Curry’s arrival follows the recent appointment of Bruno Bertrand-Delfau in London.
Curry’s practice focuses on the structuring and formation of international and domestic private investment funds, including private equity funds, hedge funds, hybrid funds and fund of funds, as well as the purchase of portfolios of stakes in private investment funds and unlisted companies. She has collaborated with Bertrand-Delfau for a number of years advising Ardian (formerly AXA Private Equity) and on other cross-border
Custom House Fund Services, a provider of financial services to the alternative investment sector, has acquired the majority of the US clients of the former Dundee Leeds Management Services.
The transition became effective 1 June and represents USD1billion in assets.
Custom House has AUA in excess of USD20 billion, eight offices worldwide and over 220 employees.
Along with expansion in Asian markets and enhancements to its proprietary Gateway technology platform, this deal builds upon the strong momentum of Custom House since its separation from TMF Group earlier this year.
“We know that our former clients will
Behringer Securities is to distribute the Insignia Macro Fund, a daily-liquidity, open-end mutual fund managed by Meritage Capital.
The Fund, launched in 2013, seeks long-term risk-adjusted returns by employing global macro-managed futures investment strategies. The Fund is unique from other liquid alternative macro offerings primarily because of its allocation to discretionary focused managers.
"Historically, global macro strategies have shown higher long-term returns with lower volatility than developed equity markets – and little correlation to stocks, bonds or other investments," says Alex Smith, CEO of Meritage Capital. "We are pleased that the Fund will be distributed on Behringer Securities' platform,
In order to continue the transition to a global system of legal entity identification, the US Commodity Futures Trading Commission (Commission) has issued an Order extending the designation of the utility operated by DTCC-SWIFT as the provider of legal entity identifiers, or LEIs, pursuant to the Commission’s swap data recordkeeping and reporting rules.
The order will also appear in an upcoming issue of the Federal Register.
DTCC-SWIFT’s initial designation was made by a Commission order on 23 July, 2012. The designation was made for a two-year term. At the time the order was issued, the Commission was already participating in
A survey of 56 market participants carried out by swaps technology provider 4sight and consultancy The Field Effect has revealed that 32 per cent of participants are currently booking Synthetic Financing transactions such as Total Return Swaps and Portfolio Swaps. A further 18 per cent plan to in the near future. Firms surveyed included a range of tier one and tier two investment banks and asset managers.
The survey was carried out as part of research for a whitepaper and webinar discussing market trends leading to an increase in Synthetic Financing, technology challenges and how to define a target operating
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