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NYSE Liffe reached a daily volume record of 862,468 contracts in FTSE 100 Index futures on 18 March 2014.
The previous record of 822,496 contracts was set on 17 March 2009.
IntercontinentalExchange Group (ICE) and NYSE Liffe offer a range of futures and options contracts on international equity indices such as the FTSE 100, MSCI Europe, MSCI World and Russell 2000 and 1000 indices.
Mitsubishi UFJ Fund Services, a global asset administrator, has acquired Meridian Fund Services Group, a fund administrator with USD14bn of assets under administration (AuA).
Mitsubishi UFJ Fund Services, part of Mitsubishi UFJ Financial Group (MUFG), provides a wide range of fund administration and investor services to hedge funds, fund of funds, private equity and real estate funds, mutual funds and family offices.
The acquisition of Meridian raises MUFG’s fund services AuA to approximately USD165bn, servicing over 300 clients and 1000 funds.
The deal is part of a wider growth strategy to build Mitsubishi UFJ Fund Services into a
Pantera Capital Management, which was founded in 2003 to focus on global macro hedge fund investments, is to now focus its investment advisory services on Bitcoin, other digital currencies and companies in the space.
Benchmark, Fortress Investment Group and Ribbit Capital are all acquiring an interest in Pantera Bitcoin Partners LLC.
These shareholders and their principals will generally make their purchases of Bitcoin and other digital currencies via investments in Pantera.
“Bitcoin is an entirely new thing – a ‘post-currency’ ledger – which has the potential to transform the way we use money. We believe Bitcoin is at
The geopolitical tensions surrounding the situation in Crimea, the Russian response and the consequent sanctions imposed by Western nations present an increasing source of risk within the global economy, says Andrew Cole (pictured), Investment Director of the Global Multi Asset Group at Baring Asset Management…
The latest developments have seen Russia move to incorporate Crimea, which formally applied to become part of the Russian Federation after the 16 March referendum showed strong voter support for breaking away from Ukraine.
Alongside the government of Ukraine, the US and EU dispute the constitutionality of the referendum. Diplomatic efforts to defuse the
Algomi, a provider of information-matching solutions to optimise fixed income liquidity, has named Grant Biggar as a strategic advisor, effective immediately.
Biggar (pictured), the former president of Creditex, has also made an investment in the company.
His appointment comes follows Howard Edelstein’s appointment to a similar role at Algomi.
As banks shift from risk to broker-like models in fixed income, the need to manage huge volumes of sensitive information has become paramount. Algomi enables banks to do this by creating real-time social collaborations internally and with end investors that identify the best trade opportunities.
With almost two
Managed futures gained 1.03 per cent in February, according to the Barclay CTA Index compiled by BarclayHedge.
The index is up 0.39 per cent in 2014.
“A late-month rally in commodity prices and the continued uptrend in US Treasuries contributed to a profitable month for most CTAs,” says Sol Waksman, founder and president of BarclayHedge.
Five of Barclay’s eight CTA indices had gains in February. The Barclay Diversified Traders Index was up 1.73 per cent, Systematic Traders gained 1.25 per cent, Financial & Metals Traders were up 0.58 per cent, and the Discretionary Traders Index rose 0.24 per
Global investors are moving toward a ”risk-off” stance, taking on greater protection as the prospect of geopolitical instability grows, according to the BofA Merrill Lynch (BoAML) Fund Manager Survey for March.
Responding at a point of growing tension in Ukraine, 81 per cent of investors said they see geopolitical risk posing a threat to financial markets stability – more than four times the reading one month ago.
Twenty-seven per cent of investors say that a geopolitical crisis is the biggest tail risk – up from 12 per cent in February.
At the same time, investors continue to express
Maples Fund Services has extended its regulatory reporting service to incorporate Annex IV reporting for AIFMD.
The new offering will provide an interactive solution for clients to streamline their regulatory reporting workflow from the capture of data and key assumptions through risk computations, review, approval, and straight-through reporting to the relevant authorities.
The new services will complement existing compliance and regulatory services including reporting for Form PF, CPO-PQR, and OPERA already provided to fund administration and middle office clients.
These services leverage proprietary solutions for accounting, performance and risk reporting performance reporting provided to middle and back office
One of the clearest differences between trading equities and fixed income securities is the extent to which analytics play a role in risk management.
Equities go up, they go down. Fixed income securities, however, are subject to numerous parameters such as credit risk, yield-to-maturity, default risk and duration risk to name but a few. Most investors understand equities, yet the vast majority would no doubt struggle to explain the mechanics of fixed income.
This is despite the fact that fixed income strategies – spanning government bonds, sovereign bonds, high-yield corporate bonds, mortgage-backed securities, non-bank loans and emerging market bonds –
Global institutional trading network Liquidnet is planning to enter the fixed income market with its acquisition of bond trading platform Vega-Chi.
The partnership, subject to regulatory approval, will combine Liquidnet’s experience, scale and global reach within the institutional investment community with Vega-Chi’s corporate bond trading platform and sector expertise to accelerate efficiencies within the corporate bond market.
“There has been a massive increase in corporate bond issuance and at the same time a depletion of capital that dealers can use to facilitate trading. The result has been increasing difficulty among investment managers and dealers in accessing liquidity. To fix
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