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Trading technology specialist Orc’s Orc Tbricks trading platform now offers a certified interface to the Chicago Board Options Exchange (CBOE), including the CBOE Futures Exchange (CFE).
The new high-speed interface enables quoting and trading a broad range of products, including equity options and index options such as CBOE Volatility Indexâ (VIX Index) options.
Orc Tbricks empowers trading desks with a fully flexible, customizable trading system. Its app-based modular platform delivers superior performance, while providing flexibility to adapt to constant market change.
“We are delighted to offer Orc Tbricks users fast connectivity to CBOE through the exchange’s native CMi2 API,” says
Dexion Capital has launched Dexion Liquid Strategies, an alternatives UCITS platform, with its first offering set to be the Keynes Dynamic Beta Strategy Fund (KDBS) managed by Dr Sushil Wadhwani of Wadhwani Asset Management LLP.
KDBS is due to launch in June.
Dexion Liquid Strategies is an Irish-domiciled ICAV which is UCITS-compliant. The platform will allow Dexion to provide a range of liquid alternative investment strategies to its investor base in the UK and, increasingly, in Europe. This will complement its success in managing and distributing real asset and alternative credit strategies as listed closed-end investment companies and private funds.
American Century Investments has named Cleo Chang as senior vice president and head of alternative investments. Chang, who joins American Century on May 18, was previously chief investment officer of Wilshire Funds Management.
Chang’s appointment to this newly created investment management role comes on the heels of other recent executive hires in advance of the firm's anticipated launch of a suite of alternative investment strategies.
As head of alternative investments, Chang will be the firm's most senior investment management executive responsible for the development and oversight of liquid alternative investment capabilities. Specifically, she will provide strategic direction for the firm's
Independent fund, corporate and private client service provider JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.
The amendment to JTC’s permissions by the FinancialJTC Will Cameron Conduct Authority (a ‘Variation of Part 4A Permission’) means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.
As well as enabling JTC to establish, operate and wind up such schemes, the authorisation means it can also take on various oversight responsibilities including ensuring schemes comply with all regulatory requirements and
Hedge funds were up 1.25 per cent in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index has gained 3.82 per cent year to date.
“Rising stock prices provided the tailwind for equity hedge funds in April,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Additionally, a rally in US high yield bonds coupled with a sell-off in high grade bonds caused credit spreads to tighten, which helped boost returns for fixed income funds.”
Overall, 14 of Barclay’s 18 hedge fund indices had gains in April. The Emerging Markets Index jumped 5.13 per cent, Pacific
In an extract from the recently launched 2015 Preqin Sovereign Wealth Fund Review, Lauren Mason, Amy Bensted and Oliver Senchal provide an insight into this secretive and exclusive subset of the investor community.
Sovereign wealth funds, despite being small in number and secretive in nature, continue to capture attention as a result of their ever growing assets under management and corresponding influence on global financial markets. Today, the total assets of sovereign wealth funds top USD6.31tn (Fig 1), more than double the capital these entities represented in 2008, the year Preqin launched its first Sovereign Wealth Fund Review.
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Docupace Technologies is joining with computer security services company Security Snapshot to deliver cyber-security solutions for financial services firms.
Docupace provides a secure, SEC/FINRA-compliant and paperless straight-through processing platform.
By working with broker-dealers and registered investment advisors (RIAs) on cyber-security, Security Snapshot will connect Docupace’s secure infrastructure and workflow systems with processes that help ensure organisations are compliant with SEC, FINRA, and other federal, state, and self-regulatory organisations’ policies, procedures and regulations. Docupace and Security Snapshot expect to implement their new relationship in phases to best ensure smooth and efficient adoption by clients.
“Docupace is dedicated to providing high quality,
The Irish Funds Industry Association (IFIA), the trade body representing the largest sector of the financial services industry in Ireland, has responded positively to the European Commission’s Green Paper on Capital Markets Union (CMU).
CMU is a project to build a genuine single market for capital in the EU by 2019. The CMU forms part of the Commission’s “growth and jobs” agenda with the aim of promoting investment in Europe’s economy and is not intended to be a regulatory driven initiative. The intention is to address Europe’s overreliance on bank credit by boosting investment via capital markets which should result
Dynasty Financial Partners has appointed Scott D Welch as Chief Investment Officer.
Welch will join Dynasty's Investment Committee and will report to Todd Thomson, Chairman of Dynasty and Head of the firm's Investment Committee. He will work in partnership with Michael Moriarty, Director of Investment Platforms, and Tom Petrone, Director of Capital Markets.
"We are excited to have one of the leading investment professionals in the independent advisory industry join Dynasty," says Thomson. "As Chief Investment Officer, Scott's expertise and track record in research and investments will add significant leadership and capability to our investment team. Scott has a deep
The hedge fund industry redeemed USD850 million (0.03% of assets) in March, a turnabout from February’s inflow of USD5.4 billion (0.2% of assets), according to the latest research from BarclayHedge and TrimTabs.
“Redemptions from hedge funds totalled USD34.6 billion over the past six months, the largest consecutive quarterly outflow since June 2009,” says Sol Waksman (pictured), president and founder of BarclayHedge. “Hedge funds redeemed USD15.1 billion (0.6% of assets) in Q1 2015, a striking contrast from Q1 2014, when they hauled in USD42.6 billion (1.8% of assets).”
Hedge fund industry assets edged up to USD2.49 trillion in March from USD2.48
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