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IntercontinentalExchange Group is to introduce 64 new energy futures and options contracts on 12 May, subject to the completion of necessary regulatory and governance processes.
The new contracts, which will be available for trading at either ICE Futures Europe or ICE Futures US and cleared at ICE Clear Europe, include crude oil, gasoline, middle distillate, fuel oil, power, biofuel, naphtha, natural gas liquid, petrochemical and environmental futures and options contracts.
The following contracts will be available for trading on ICE Futures Europe:
Crude Futures
TMX SW 1a Index Future
Argus WTI Midland vs WTI 1st Line Future
Argus WTS
City Financial’s Asia Macro hedge fund, Counterpoint, has launched with over USD120m in assets, making it one of the largest Asian hedge funds – and the largest Asian macro fund – to launch in the last 12 months.
The Counterpoint Asian Macro Fund is managed by Geoffrey Barker with City Financial Investment Company (Hong Kong) Limited.
There was no seed investor and capital came from a combination of investors in Barker’s previous fund and from new investors.
The fund is a discretionary macro strategy focused on investment opportunities driven by the markets and economies of Asia-Pacific. Its investment
John Riley, the legislative affairs director at the Commodity Futures Trading Commission, is leaving the agency this month after a 30-year career in Federal service.
Riley, a former Capitol Hill staffer, has led the Office of Legislative Affairs while Congress debated and passed landmark financial reform legislation and as the CFTC implemented its key provisions.
“During his 30 year career in public service, John has contributed his knowledge and experience to the benefit of this agency, to the Congress, and to the citizens we serve,” says acting chairman Mark P Wetjen. “His understanding of the legislative process helped the
Exchange Data International (EDI), a provider of global securities data, has launched the African Economic Data Service (AFED), a source of macroeconomic and financial data for all 54 countries in Africa.
For the first time, this new service provides AFED’s clients and subscribers – anyone who has an interest in Africa – with direct access to a suite of Africa centric economic and financial data.
AFED combines EDI‘s 20 years’ experience in data aggregation and delivery with the expertise of analysts specialising in African political and economic sovereign risk.
The macroeconomic database currently covers more than 15,000 key
Alternative investment manager Man Group has appointed Pierre-Henri Flamand as senior portfolio manager at GLG.
Flamand will join the firm in 2014 and focus on a global catalyst-driven strategy.
Flamand brings 20 years of experience in investing to Man Group. He spent 15 years at Goldman Sachs where he was head of the principal strategies group. Most recently, he ran Edoma Capital Partners, a Europe-focused event-driven hedge fund.
Manny Roman, CEO of Man Group, says: “We are delighted Pierre-Henri will join Man Group and play a key role as a Senior Portfolio Manager at GLG. We provide a
Milestone Group, a provider of fund processing solutions to the funds industry, has appointed Robert Caporale as managing director and head of North America.
Caporale (pictured) brings 30 years of experience in financial services and technology.
He spent the last 12 years at JPMorgan where he held senior leadership positions in strategy, business management and sales within the Investor Services business line.
Caporale has worked extensively with asset managers, alternative investment managers, insurance companies and pensions. Prior to JPMorgan, Caporale held senior positions at IBM, Deutsche Bank and Fiserv.
Geoff Hodge, CEO of Milestone Group, says: “We’re excited to
The majority of European hedge fund managers that have set up business over recent years have been in the UK, data from Preqin’s Hedge Fund Analyst shows.
The UK is also the most prominent country in terms of hedge funds being launched in Europe, representing approximately 50 per cent of all known European hedge fund launches in 2013 and 2014 YTD.
UK-based hedge fund managers have seen a net increase in assets under management (AUM) of around USD57bn between January 2013 and April 2014, in contrast to hedge fund managers based in France, Spain and Germany which have seen
bfinance has made a number of senior management changes within its London office and promoted key executives.
Chris Jones, managing director – head of alternatives and public markets, will take on the role of head of the London office.
Pal Sarai, senior director – UK markets, will assume additional responsibility for leading the UK and Ireland client coverage team.
Derek Williams, managing director, private markets has also been promoted to head of private markets.
Other developments in the London office include a number of recent hires including Emily Porter-Lynch who joined bfinance last month as a director,
Singapore Exchange (SGX) is building up its bulk commodity product offerings with nine more derivative contracts over the next two months, subject to regulatory approval.
These new contracts will further boost and complement the existing AsiaClear products to provide customers with access to more effective, efficient and comprehensive risk management.
Taking into account the evolving regulatory requirements, SGX aims to introduce options-on-futures for Iron Ore and Freight by June 2014.
In addition, SGX intends to enhance its flagship Iron Ore and Steel complex with Coking Coal derivatives based on key export and import price indices in July 2014.
Global financial brokerage business ED&F Man Capital Markets has launched a Hosting & Infrastructure Services offering.
The service is built around six key features:
1.Solutions: Connectivity, hosting, network and infrastructure services
2.Security: IT services – secure data on a private global network, monitored and supported 24 hours a day by the firm’s network operations centre
3.Services: IT aligned with the firm’s integrated financial services team
4.Speed: Co-location of services, low-latency connectivity and Direct Market Access to an array of financial exchanges
5.Skills: Top industry talent with expertise and experience gained from supporting large, complex and diverse trading communities spread across multiple asset classes
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