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Turnover at the cash markets of Deutsche Börse stood at EUR1.28 trillion (2013: EUR1.16 trillion), in 2014.
Order book turnover on Xetra, Börse Frankfurt and Tradegate stood at EUR108.9 billion in December (December 2013: EUR85.4 billion). Of the EUR108.9 billion, EUR100.7 billion were attributable to Xetra (December 2013: EUR77.2 billion). EUR4.0 billion were attributable to Börse Frankfurt (December 2013: EUR4.2 billion). Order book turnover on Tradegate Exchange totalled approximately EUR4.3 billion in December (December 2013: EUR4.0 billion).
In equities, turnover reached about EUR91.4 billion on Deutsche Börse’s cash markets (Xetra: EUR85.6 billion, Börse Frankfurt: EUR1.9 billion, Tradegate Exchange: EUR3.9 billion).
Hedge fund founder Thomas Gilbert has been found dead following a shooting at his apartment in Manhattan. According to police reports, the 70-year-old was pronounced dead at the scene having been shot once in the head.
Gilbert founded Wainscott Partners in 2011 and the fund, which focuses on investments in the biotech and healthcare industries, currently has assets of around USD200 million.
According to US newspaper reports, Gilbert was killed following an argument with his 30-year-old son who is said to have fled the scene afterwards on foot.
The international derivatives markets of Eurex Group ended 2014 with a turnover of approximately 2.1 billion contracts (2013: 2.2 billion contracts).
The total volume for 2014 splits into 1.5 billion contracts traded at Eurex Exchange (2013: 1.6 billion) and 607.4 million contracts traded at the International Securities Exchange (ISE) (2013: 638.8 million). This corresponds to a daily average trading volume of 8.3 million contracts, thereof 5.9 million contracts at Eurex Exchange and 2.4 million contracts at ISE.
In 2014 the equity index derivatives segment was the largest at Eurex Exchange with a total annual volume of 708.4 million contracts (2013:
Three of Market Vectors Index Solutions (MVIS) six investable Long/Short Equity Indices, recorded positive performance in December.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors North America Long/Short Equity Index led the way with a return of 0.36%, followed by Market Vectors Global Long/Short Equity Index (0.10%) and Market Vectors Asia (Developed) Long/Short Equity Index (0.09%).
The Market Vectors Western Europe Long/Short Equity Index recorded the biggest loss with a return of -1.57%, while the Market Vectors Emerging Markets Long/Short
From the launch date of 15 May 2014 to 17 December 2014, the total trading volume of Eurex listed Daily Futures on TAIEX Futures (TX) and TAIEX Options (TXO) totalled 201,610 contracts.
Along with an increasing uncertainty in world financial markets recently, the Eurex/TAIFEX Link has become the best choice to manage position risks in an after-hour trading session in Taiwan futures market. The trading volume continued to mark an uptrend force, hitting a record high of 4,374 contracts on 16 December.
When Eurex/TAIFEX Link was first introduced, the average daily trading volume (ADV) in May is merely 599
Singapore Exchange will upgrade its derivatives trading and clearing platforms to further strengthen Singapore’s market infrastructure and to support the strong volume growth in SGX’s derivatives business.
The upgraded platforms, SGX TITAN, will ensure continued agility and innovation in terms of new products and services offered by SGX. It is designed to increase efficiency and lower trading and clearing costs for market participants. Industry standard access protocols, extensive self-help functionality and improved straight-through-processing will be the significant benefits from the upgraded infrastructure. SGX already offers the longest trading hours of any Asian exchange, and SGX TITAN will strengthen its risk
MF Global Holdings (MFGH) is to pay USD1.212 billion to settle CFTC charges relating to the misuse of customer funds and related supervisory failures by subsidiary MF Global Inc (MFGI).
The CFTC previously filed and settled charges against MFGI for misuse of customer funds and related supervisory failures in violation of the Commodity Exchange Act and CFTC Regulations. MFGI was required to pay USD1.212 billion in restitution to its customers, as well as aUSD$100 million penalty. MFGH’s restitution obligation is joint and several with MFGI’s restitution obligation, pursuant to which a substantial portion of the restitution obligation has already been
Total hedge funds assets increased 1.8% in November to USD3.070 trillion, according to eVestment’s Hedge Fund Asset Flows report for November 2014.
Performance gains accounted for the majority of the asset increase, however after two months of negative investor sentiment, investors allocated a net USD5.4 billion into hedge funds in November. November’s inflow increased YTD allocations to USD112.2 billion.
Investor interest in hedge funds in 2014 has been stronger than many expected, supported by multi-strategy fund flows and a renewed interest in equity hedge fund exposures. Aggregate flows are much higher than any year since 2007 and core growth rates
Independent accounting firm Weaver has held the official opening of the firm's newest office, located in the greater Los Angeles area.
The new Weaver office is at 1600 Rosecrans Ave, Bldg 7 in Manhattan Beach, California adjacent to several sound stages and movie studios on the secure MBS Media Campus.
Michael Hearne, CPA, has joined Weaver as a partner in tax and strategic business services for the new office. Hearne and Matt Anderson, assurance partner, will work together to grow Weaver's Los Angeles practice with particular focus in the financial services industry. The partners previously worked together on the expansion of Rothstein
Barring an unexpected global or financial event, hedge funds are positioned for another year of solid growth as institutional investors seek to gain alternative exposures to traditional equity and fixed income markets.
That’s according to eVestment which expects asset flows into hedge funds of at least between USD90 billion and USD110 billion in 2015.
eVestment predicts continued flows into equity focused strategies, although those flows will likely be below the 8.6% growth rate (USD78 billion) YTD seen in 2014.
Credit strategies will likely see growth similar to that of2014, which is below its accelerated growth period of 2012-2013; however distressed, a subset of
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