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Neonet Securities has joined REDI’s broker network, providing mutual clients seamless access to Neonet’s suite of execution tools using the REDIPlus trade management platform.
“We have been closely watching the development of REDI as an independent firm and are very pleased to now offer our existing and future client base access through its proven and widely used platform,” says Tim Wildenberg, Chief Executive Officer of Neonet. “Our integration within REDIPlus allows our clients to leverage a best-of-breed platform to access us, and several have expressed interest in doing so immediately.”
Sean Sullivan, Global Head of Sales and Marketing at REDI,
The November 2014 average daily transaction value on the Euronext cash order book stood at EUR6,544 million (+22.3% compared to November 2013), according to the exchange’s latest performance update.
The average daily volumes on equity index derivatives during the month were slightly up at 230,036 contracts (+3% compared with November 2013), while the activity on individual equity derivatives decreased by 11% to 238,784 contracts.
The activity on commodity derivatives continued to outperform in November with an average daily volume at 48,012 contracts traded, up 48% when compared to November 2013.
On the primary market, the EUR4.7 billion raised by Numericable
Kames Capital has launched two absolute return funds to complement its existing range – the Kames Equity Market Neutral Fund and the Kames Equity Market Neutral Plus Fund.
The firm now has four absolute return funds in its investment range.
The new funds will leverage Kames existing expertise in the absolute return space, by providing investors with a wider choice of strategies to complement the existing Kames UK Equity Absolute Return Fund.
The Kames Equity Market Neutral Fund will target a return of cash plus 4%, in all market conditions, over a 36 month rolling term. The fund
Six out seven of Index IQ’s proprietary family of hedge fund replication and alternative beta indexes recorded positive performance in November.
Designed as investable benchmarks that replicate the performance characteristics of sophisticated hedge fund strategies, the IQ Hedge benchmark indexes were originally introduced on March 30, 2007, and have been calculating live since that date. IQ Hedge is the first family of investable benchmark indexes covering hedge fund replication/alternative beta strategies.
THE IQ Hedge Market Neutral BetaI led the way with a return of 1.30%, followed by The IQ Hedge Long/Short Beta Index (1.13%), the IQ Hedge Event-Driven Beta
S&P Dow Jones Indices (S&P DJI) has launched the S&P 500 VEQTOR Switch Index, which seeks to simulate a dynamic portfolio that allocates between equity and the CBOE Volatility Index (VIX Index).
Today’s launch expands S&P Dow Jones Indices family of asset allocation indices that utilizes the VIX as a signal.
The allocation to the equity component of the S&P 500 VEQTOR Switch Index is dynamically adjusted to gain exposure to the S&P 500 with a target volatility of 10%. The remainder of the Index is allocated to the S&P 500 VIX Futures Long/Short Switch Index which allocates between
Trading volume for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE) totalled 85.57 million contracts in November.
Average daily volume (ADV) was 4.50 million contracts, a two-per cent decrease from November 2013 and a 36-per cent decrease from October 2014, the busiest month ever in CBOE Holdings' history.
ADV through November is up 11 per cent from the same period one year ago. With one month remaining in 2014, CBOE Holdings year-to-date volume has already matched 2011's record annual volume of 1.21 billion contracts.
CBOE's November volume
Canada’s derivatives markets are appealing to a broad range of domestic and international investors, with growing interest in using the country’s futures and options markets to generate income, make directional plays and manage risk exposures for fixed income and equity portfolios.
Although stagnant volatility and economic weakness in Canada’s natural resource and commodity sectors has caused trading in equity options to decline in recent years, Andy Nybo, a TABB principal, head of derivatives and author of new research, “Canadian Derivatives Markets: Co-Existing in the Shadow of a Giant,” says the reverse is true for their futures markets, benefiting from rising
Tech startup iMatchative, parent company of the data analytics product, AltX, has landed David Walker as its new Senior Vice President of Operations.
A veteran business executive, David brings more than 30 years of Federal Reserve experience in both domestic and international financial institution supervision. Most recently, he spearheaded the formation of the Analysis and Reporting Technology Support Office in response to the significant growth in unstructured data collection for supervisory purposes. David also led efforts to reengineer local and enterprise support services, including the implementation of new document and resource management systems and the prioritisation of technology solutions.
“It's
All six of of Market Vectors Index Solutions’ investable Long/Short Equity Indices, reported positive performance in November.
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 Western Europe Long/Short Equity Index led the way with a return of 2.55% followed by the Market Vectors Global Long/Short Equity Index (1.08%), the Market Vectors Global Event Long/Short Equity Index (0.64%) and the
Market Vectors North America Long/Short Equity Index (0.56%).
The Market Vectors Emerging Markets Long/Short Equity Index produced a return of 0.24%,
The Supervisory Board of Deutsche Börse AG has reappointed Hauke Stars, a member of the Deutsche Börse Executive Board, for five years with effect from 1 December 2015.
Hauke Stars (47) has been a member of the Executive Board since December 2012 and is responsible for the Information Technology & Market Data + Services Division. Her directorships include membership on the Board of Directors of Eurex Zürich AG, the Supervisory Board of Eurex Frankfurt AG and the Board of Directors of ISE and of Clearstream Services AG. In addition, she is also a member of the Supervisory Board of Klöckner
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