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The Central Bank of Luxembourg is sponsoring LuxCSD for a key role in the establishment of the new Global Legal Entity Identifier (LEI) System which global regulators hope will bolster the safety of the financial system.
As part of the Global LEI System initiative, LuxCSD’s role has been extended from a Central Securities Depository to a ‘Pre-Local Operating Unit’ for Luxembourg.
The Regulatory Oversight Committee (ROC) – which brings together global regulators – has allocated the 4-digit prefix #2221 to LuxCSD as the sponsored Pre-LOU for Luxembourg. Following the completion of the ROC endorsement process, LuxCSD will initiate its
Volant Trading has expanded execution services for options traders with advanced order routing capabilities and availability through the REDIPlus Execution Management System.
The execution services division of Volant Trading, now called VOLEX Execution Services, is using specialised knowledge of the options market along with an ultra-low latency infrastructure to offer a high-speed liquidity sweep capability.
Designed for option traders, VOLEX Take Out aggressively sweeps displayed and hidden liquidity, with sub-millisecond order processing times. VOLEX and VOLEX Take Out are now available through the REDIPlus EMS platform.
“The options market microstructure is evolving quickly with 12 exchanges introducing different
German family office and BaFin-regulated investment adviser Wermuth Asset Management's (WAM) Russia-focused quant strategy has significantly outperformed a peer group of 50 since its inception, a trend which has continued in the first quarter of 2014.
Wermuth Leveraged Quant Eastern Europe Strategy remains the best-performing Russia-focused strategy since its inception in September 2005, returning +615.5 per cent vs. +39.0 per cent for the Russian RTS Index, a price index.
The strategy outperformed the RTS index and the peers in the first quarter of 2014 year: -1.1 per cent vs -15.0 per cent for the RTS index.
Yury Roslavlev, head of research
Neuberger Berman this week announced the launch of its Emerging Market Debt Blend Fund, a sub-fund of its Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc., following the success of the US regulated version of the same strategy, which launched in September 2013.
The Fund follows the successful introduction to the firm’s UCITS fund range of the Neuberger Berman Emerging Market Debt Hard Currency, Local Currency and Corporate Debt Funds in July 2013 and the Neuberger Berman Short Duration Emerging Market Debt Fund in December 2013. The lead managers of the fund are Rob Drijkoningen and Gorky Urquieta, Co-Heads
Liquidnet, the global institutional trading network, has appointed Christopher Wall as head of market surveillance in Europe and David Stockwell as market surveillance specialist.
Wall’s primary responsibilities are to lead and manage the surveillance team’s daily operations, including operating a surveillance system, Liquidity Watch.
He is responsible for ensuring compliance with regulatory initiatives such as the FCA Code of Market Conduct and ESMA guidelines.
Based in London, Wall reports directly to Anna-Maria De La Roche, Liquidnet’s European head of compliance and regulation.
As a surveillance specialist, Stockwell's role at Liquidnet will be to proactively monitor all members
Earlier this year, the Bahamas Financial Services Board (BFSB) hosted its annual International Business and Finance Summit (IBFS) under the theme “Bahamas Advantage: Survival of the Fittest”.
The theme speaks to the challenges faced by IFCs following the financial crisis and the necessary and fundamental adaptation required as a result. IBFS represents what is an ongoing and conscientious effort by The Bahamas to evaluate its core strengths and embrace innovation and adaptation to carve out new niches and advantages in wealth management, highly specialised investment vehicles and business services.
Certainly, one cannot ignore the fact that the far reaching changes
Rothschild Asset Management and Larch Lane Advisors have launched Rothschild Larch Lane Management Company.
The joint venture company will act as the investment advisor for a multi-manager liquid alternatives 40 Act fund that will use a risk balanced approach to portfolio construction.
Rothschild and Larch Lane will share their experience managing multi-manager alternatives portfolios.
Rothschild brings complementary global research of liquid hedge fund managers and distribution. Larch Lane is a pioneer in early stage hedge fund investing, hedge fund seeding, and is a well-known fund of hedge funds investor in the US.
"This is a great milestone for
Cordium, a provider of compliance consulting, accounting, tax and software, is partnering with financial services technology specialist Indus Valley Partners (IVP) to help clients meet the Alternative Investment Fund Managers Directive’s (AIFMD) stringent Annex IV reporting requirements.
The solution already fully covers Form PF reporting.
The reporting solution enables investment managers to meet their global regulatory reporting needs from a purpose-built cloud platform and fully supports Annex IV reporting under AIFMD, as well as Form PF.
Alternative investment fund managers (AIFMs) that manage or market an AIF into the European Union or EEA will be obliged to
Hedge funds up 0.87 per cent in Q1 2014, with fund managers delivering performance-based gains of USD21 billion and recording net asset inflows of USD38 billion over this period – bringing the current AUM of the global hedge fund industry to USD2.07 trillion, a new record high.
The Eurekahedge North America Hedge Fund Index was up 2.25 per cent in the first quarter of 2014, outperforming the S&P 500 (INDEXSP:.INX) index which gained 1.30 per cent over this period. Long/short equities funds record their 16th consecutive month of positive net asset flows, with net capital allocations to the strategy for Q1 2014 at USD38.5 billion and total
Neonet Securities, the independent agency broker, has appointed Alasdair Haynes as its new non-executive chairman.
Haynes (pictured), who has been a member of the Neonet board since February 2013, replaces Peter Melbi, who is moving on to another board directorship.
Haynes is the founder and chief executive of pan-European cash equities trading platform Aquis Exchange and previously headed up Chi-X Europe.
Before that, he led the European and Asian operations of international electronic broker ITG and held senior positions at investment banks, including HSBC and UBS.
John Ashdown, managing partner at Hay Tor Capital, says: "Both KAS BANK
