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LME Clear launched its new trade reporting service, LMEwire, in time to meet the 12 February reporting deadline set out by the European Market Infrastructure Regulation (EMIR).
The service, offered in partnership with the Depository Trust & Clearing Corporation’s (DTCC) trade repository, began reporting on schedule with uptake from 30 per cent of the LME clearing membership.
“The tight implementation deadline for trade reporting under EMIR was a concern for the industry, and ensuring members could comply with the new rules in an efficient and cost-effective manner was the key driver behind this new service,” says Trevor Spanner, CEO
Options has expanded its suite of market data feeds to include 10G connectivity to the new Eurex Enhanced Order Book Interface (EOBI) feed.
The new service, designed for latency sensitive market participants, will be available to customers collocated in Equinix FR2 and Europe.
This latest addition to the Options PIPE Velocity platform will mean unified access to EOBI, Eurex trading, as well as Xetra market data and trading services. Additionally, EOBI will further compliment the Options stable of future markets, including CME, LIFFE and ICE.
Customers leveraging Eurex EOBI will do so via the Options PIPE Velocity platform, the IaaS provider’s ultra-low latency market data,
Omgeo’s fixed income community has grown by more than 12 per cent during 2013.
Globally, 730 investment management, broker/dealer and outsourcer clients have adopted fixed income functionality on Omgeo Central Trade Manager (Omgeo CTM), its multi-asset class platform for the central matching of cross-border and domestic transactions.
Some 370 US clients have adopted Omgeo OASYSSM, its US domestic trade allocation and acceptance service, respectively.
The growth in Omgeo’s fixed income community, as well as macro-economic events such as quantitative easing in the US, has led to a 20 per cent year-on-year increase in fixed income volume on
Fund administrator Orangefield Columbus, a service provider to hedge funds, private equity funds, real estate funds, offshore mutual funds, family offices, funds of funds and hybrids, has seen record growth in 2013.
The company says its success has been fuelled by client service and delivery of global expertise in fund administration.
Orangefield Group employees over 450 staff members with substantial experience in financial services working with hedge funds, private equity and real estate funds, offshore mutual funds, family offices, fund of funds, hybrids, and other alternative investment funds.
In its first full year of operations following the merger,
Deutsche Börse has acquired a stake in Bondcube, the new fixed income trading system, for a low sum in the single digit millions (GBP).
Bondcube is a London and Boston based electronic bond platform which links dealers and customers in a single marketplace in order to boost the liquidity of the global bond markets.
The firm uses tried and tested trading protocols from other markets, such as equities, to optimise liquidity discovery.
Bondcube is ideal for large, market sensitive bond orders that have now reverted to execution via telephone.
“The perception of a lack of liquidity in
Black Mountain Systems has selected the Eze Private Cloud to deliver services to its clients, including global investment firms, which use Black Mountain Systems for data aggregation, process management and business reporting.
By delivering its Everest platform directly through the Eze Private Cloud, Black Mountain Systems gives its clients enterprise-grade services and applications in a flexible, secure environment.
Black Mountain Systems is a software company that develops tailored solutions for global investment firms seeking greater operating efficiency and reduced risk. The company’s Everest platform eliminates the boundaries between systems, information and people, so that clients can focus on the
Two Hong Kong-based asset management firms, whose accounts were frozen in a major insider trading case by the Securities and Exchange Commission (SEC), have agreed to pay nearly USD11m to settle the charges against them.
The SEC obtained an emergency asset freeze in July 2012 against unknown traders just days after the announcement that China-based CNOOC had agreed to acquire Canadian energy company Nexen, causing more than a 50 per cent spike in the price of Nexen shares.
The SEC filed the emergency action after discovering that traders using brokerage accounts in Hong Kong and Singapore stood to make
Azad Zangana (pictured), European Economist, Schroders comments on the latest quarterly Inflation Report from the Bank of England…
As part of its quarterly Inflation Report, the Bank of England (BoE) has decided to expand its use of macroeconomic variables in its presentation of forward guidance. The previous 7% unemployment rate threshold would have been breached in the coming months, which has prompted the Bank to re-assess its communications strategy.
Rather than focusing on the unemployment rate, the Bank will now focus on estimates of spare capacity, which is largely measured through the labour market. This is very similar to the
Concept Capital Markets has published a new guide to launching an alternative investment fund.
The report provides a roadmap for investment managers as they tackle the key issues involved in getting their new business off the ground.
Concept Capital has been involved in new fund launches for many years and has played a key role in getting a large number of managers started as well as helping them navigate their various growth phases.
The firm’s experience suggests that when investment managers make the right decisions early on, it enhances their success rate.
A sound business plan will
European asset manager La Française and Tages Capital, an alternative multi-management solutions provider, have entered into a strategic partnership.
Under the terms of the partnership, La Française will acquire a 40 per cent stake in Tages Capital and delegate the management of its existing range of funds of hedge funds and UCITS funds with approximately USD1bn of AUM to Tages Capital.
Pascale Auclair, chief executive officer of La Française des Placements, and two other La Française executives will be appointed to the management committee of Tages Capital. The transaction is subject to the customary regulatory approval processes.
As
