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The European Energy Exchange (EEX) and Eurex Exchange have jointly decided to concentrate trading in agricultural derivatives within EEX, in which Eurex holds a majority interest of 62.57 per cent.
The move will give customers access to a large and standardised offering of commodity derivatives contracts via one platform.
The agricultural derivatives currently tradable on Eurex Exchange will be offered on EEX from 2015.
Eurex Exchange’s product portfolio comprises futures on potatoes, skimmed milk powder, whey powder, butter, hogs and piglets. All contracts are quoted in Euro and are settled in cash. Market indices which reflect the underlying
The Hedge Fund Association (HFA) has added three females to prominent leadership positions.
FINalternatives publisher Deirdre Brennan has been appointed as UK regional chapter director; C&A Consulting director Amy Poster has been added to the Regulatory & Government Advisory Board and named HFA high-net-worth chair; and The Rudin Group CEO April Rudin has joined the board of directors.
To recognise the female trio's additions the HFA is offering a complimentary six month membership to all female hedge fund professionals worldwide including managers, investors and industry service providers.
Rudin, HFA's high-net-worth chairwoman, was elected to HFA's board of directors
Abacus Financial Services Group (AFSG) has appointed David Stevenson as business development director.
Based in the Isle of Man and Malta, Stevenson will work closely with chief executive officer Paul Kneen, to promote Abacus’ current services offering and explore new business opportunities.
Kneen says: “I am delighted to welcome David to AFSG. David has a wealth of experience in the financial services industry and a proactive attitude to doing business; David will prove invaluable to Abacus and our efforts to maintain our position as a leader in our field.”
Prior to joining Abacus, Stevenson worked in a variety
Anne Richards, chief investment officer of Aberdeen Asset Management, will be presented the 100 Women in Hedge Funds (100WHF) 2014 European Industry Leadership Award at its London Gala in October 2014.
Each year, the organisation identifies a woman whose professional talent, business ethic, and passion for investing help define and advance the hedge fund industry's standards of excellence.
"100 Women in Hedge Funds is thrilled to recognise the leadership and achievements of Anne Richards, who has long been acknowledged as an outstanding investment professional and colleague in her 20-plus year career. We also salute Anne for her commitment to
Noland Cheng, managing partner of C&A Consulting, has been selected to moderate the upcoming 100 Women in Hedge Funds educational session “How Technology Can Drive Your Performance Edge”.
The event is due to take place in Stamford, Connecticut on 18 June from 6:00pm. Cheng will be joined by fellow tenured authorities to help illuminate participants about the newest technologies for alternatives investment firms, institutional investors, and family offices.
“It’s a privilege to be included in one of the many educational programs offered by 100 Women in Hedge Funds,” says Cheng. “I look forward to moderating my esteemed peers to
Interest rate swaps platform Trad-X has hit record trading volumes for US dollar interest rate swaps.
In May, Trad-X executed 680 trades equating to a notional of USD37 billion.
These electronically executed trades accounted for almost 24 per cent of all USD trades at Tradition.
Since Trad-X USD was launched, the platform has executed well over 6,000 US dollar interest rate swap trades, worth a notional value in excess of USD290 billion.
Daniel Marcus, chief executive of Trad-X, says: “The introduction of regulatory requirements to trade interest rate swaps on SEFs in the US has shown a
UMB Fund Services has again been named one of the Milwaukee Journal Sentinel’s Top Workplaces in south-eastern Wisconsin.
Top Workplaces are determined based on employee feedback via an anonymous online survey.
This is the fifth straight year that UMBFS has been named a Top Workplace. In addition, UMBFS has garnered special distinction awards during the past five years for overall company direction, employee communication, and ethics.
“We are pleased and honoured to be recognized as a Top Workplace for the fifth time in five years,” says John Zader, chief executive officer of UMB Fund Services. “This distinction represents
CBOE Futures Exchange is to extend trading hours for CBOE Volatility Index (VIX Index) futures to nearly 24 hours a day, five days a week, starting 22 June.
In March, CFE announced 22 June as its planned launch date.
The trading week for VIX futures at CFE will begin each Sunday at 5:00 pm CT and end on Friday at 3:15 pm CT. CFE will close for 15 minutes between 3:15 pm CT and 3:30 pm CT, Monday through Thursday, after which the next trading day will begin at 3:30 pm CT.
"We've been very encouraged by the
Specialist hedge fund insurance broker Baronsmead Partners has issued a warning to the non-domiciled fund management industry over tax liabilities, especially those with significant capital invested in Europe.
Baronsmead has been closely monitoring the tax situation in Greece and across Europe advising clients on potential liabilities coming to the fore.
A note from the Hellenic Ministry of Finance last month announced that any gains derived by non-resident owners of government and corporate bonds would have to be declared to the Greek tax authorities and would be subject to a tax rate of 33 per cent for legal entities and
Montréal Exchange (MX), Canada’s derivatives exchange, is to introduce a new futures product based on the performance of the FTSE Emerging Markets Index.
Scheduled to begin trading on 13 June 2014, the FTSE Emerging Markets Index Futures (MX-EMF) are targeted at a wide range of market participants seeking exposure to emerging markets for hedging, asset allocation, speculative and arbitrage purposes.
“Global investor interest in emerging market equities is again on the rise and with this increased participation comes the need for effective risk management and hedging tools,” says Alain Miquelon, president and CEO, Montréal Exchange and group head of
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