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Euronext is to launch Spotlight Options, a segment dedicated to the development of new option classes requested by market participants, on its Amsterdam and Brussels derivatives markets in July.
Through a combination of liquidity provider support and dedicated promotion by sponsoring brokers, underlying assets with notable market events or activity will be put in the spotlight via options.
On the new Spotlight segment Euronext will initially admit for trading options on Euronext-listed underlying values at the request of and supported by market participants. This will create additional investment and trading opportunities in SMEs and newly listed stocks. The added
Customers of Markit’s Portfolio Valuations service can now elect to have their portfolios updated automatically using a realtime trade feed from MarkitSERV.
For permissioned customers, the new connection captures their over-the-counter (OTC) derivative trades processed through MarkitSERV, the electronic trade processing service.
This feature eliminates the need for customers to build a separate trade feed for valuations, thereby significantly reducing costs, onboarding times and discrepancies in trade details.
Padmesh Thuraisingham, managing director of portfolio valuations at Markit, says: “Our customers are very focused on getting value for service and therefore on managing the technology and cost of connectivity
Marshall Bailey, President, ACI – The Financial Markets Association, comments in response to proposals by UK Chancellor George Osborne to reform the foreign exchange market…
George Osbourne’s leadership is very welcome and this is the right direction to restore the reputation of the FX market. This will do much to reassure markets, investors and the public. The FX market must evolve and learn the lessons from recent events.
Foreign exchange is the largest and most liquid market in the world. It is a global market that is integral to the flow of global business and commerce, but its reputation and integrity has been
The US Commodity Futures Trading Commission (CFTC) has secured an order of default judgment and permanent injunction against Michael James Seward, Yan Kaziyev, and their company SK Madison Commodities.
The order requires the defendants to pay restitution totalling USD1,036,981.01 and a civil monetary penalty of USD2,486,865.57.
The order also imposes permanent trading and registration bans against the Defendants and orders that assets controlled by SK Madison LLC, a successor company named as a relief defendant in the action, be released and applied toward payment of defendants’ restitution obligation.
The court’s order stems from a CFTC complaint filed on
EisnerAmper has launched EisnerAmper Compliance and Regulatory Services (CARS), a full-service consultancy providing outsourced compliance programmes and solutions to US and offshore investment advisers.
CARS supports clients managing all asset classes including alternative (hedge funds, private equity funds, funds of funds and CPOs) and non-alternative investment vehicles, wealth managers, managed account platforms, mutual funds, broker-dealers and family offices.
CARS is led by Gary Swiman, Ppincipal, and Carmine Angone, director. They have more than 25 years of experience in evaluating, implementing and leading compliance, audit, and anti-money laundering departments for some of the world’s largest asset management and broker- dealer
Trading in investment certificates and leverage products on the European financial markets continued to rise appreciably in the first three months of 2014.
At EUR33.4 billion, trading volume was up 25.4 per cent on the previous quarter and 24.4 per cent in comparison with the first quarter of 2013.
This is one of the findings of an analysis by Derivative Partners Research of the latest market data collected by the European Structured Investment Products Association (EUSIPA) from its members.
The members of EUSIPA include: Zertifikate Forum Austria (ZFA), Association Française des Produits Dérivés de Bourse (afpdb), Deutscher Derivate
Bloomberg ran the highly successful Hedge Fund Start-up Conference from its European Head Quarters in London. The objective was to provide new managers with a range of key insights from industry experts on what they need to think about during the start-up process. Various panels throughout the day discussed issues within fund administration, technology, prime brokerage, legal, regulatory compliance, and seed investing.
The seed investing panel discussion – Seeding: Securing Capital – The First Steps – featured three industry experts: Pierre-Emmanuel Crama, Signet Capital Management Ltd; Tushar Patel of Hedge Funds Investment Management, and Jeroen Tielman of IMQ Investment Management. This
Rapid Addition’s RA-Cheetah FIX engine is to support DET Technologies’ flagship DET Hub.
The RA-Cheetah FIX engine will underpin the DET Hub trading platform, which provides a modular, high throughput, low-latency solution to clients who are seeking higher transaction rates and consistent response times. Its performance, flexibility and scalability allows DET Hub to be used across a wide range of projects and tasks within the electronic trading community.
Petr Postulka, partner at DET Technologies, says: “Our clients value not only the sector expertise that we provide, but also the partnerships with world-class technology providers that we form in order
The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42.
The warning follows a string of high-profile cases of international banks facing multi-million pound fines for breaking AML (anti-money laundering) rules and sanctions violations.
Soon, however, this heightened level of forensic investigation by legislators and regulators globally is set to cascade down through the financial services sector as a whole — and affect even the smallest firms.
Big Data platforms are increasingly being used by regulators to automate the process of
Insurance provider Apsley Specialty has joined forces with Lloyd’s Pembroke Syndicate 4000 to provide capacity for its insurance offering to the alternative asset management sector.
Pembroke, a wholly owned subsidiary of Ironshore Inc, operates as a syndicate within the Lloyd’s of London insurance market and is a provider of specialty insurance coverages, including those pertaining to financial institutions and, in particular, asset managers.
The Alternative Investment Management Directive (AIFMD) now dictates that many hedge fund managers must, for the first time, have professional indemnity insurance coverage in place. Apsley is the first firm in Europe to have designed an
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