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John Lyttle has been appointed as chief operating officer of Ogee Group.
Lyttle is a graduate from Fordham University and will primarily focus on investor relations and capital raising.
Lyttle will also contribute to quantitative analysis, trading and operations.
Ogee Group is the management company for start-up hedge fund Ogee Structured Opportunities. The company was one of the JOBS Act pioneers to file the new SEC Form D allowing hedge funds to advertise.
The fund follows an original strategy employing equity derivatives with the aim of generating superior returns overs a medium-term horizon.
By James Williams – “At Vanguard we view swap futurisation as a positive development. It is another step in the trend towards convergence of how fixed income securities are traded electronically. Whether its swaps or swap futures, going forward you will have to trade them electronically,” says Sam Priyadarshi (pictured), head of fixed income derivatives at Vanguard.
Under US regulatory reforms, specifically with respect to the Dodd-Frank Act and CFTC regulation pertaining to swap clearing and the adoption of swap execution facilities (SEFs), the market structure of OTC swaps is going through a metamorphosis.
Asset managers must now decide
By James Williams – “We’ve seen nearly continuous growth in open interest since we first launched the Deliverable Swap Future in December last year,” comments Sean Tully, head of interest rate and OTC products at CME Group.
Major changes are underway in the financial industry, not least of which is the electronification of the derivatives markets and the introduction of Swap Execution Facilities under the Dodd-Frank Act.
With CFTC regulation requiring major swap dealers, hedge funds, and other asset managers and institutional investors to register and commence clearing of their swap contracts, there has been an unavoidable push towards
Singapore Exchange Derivatives Clearing is proposing refinements to its Clearing Fund structure, and improvements in the auction process for managing a default of a Member that clears OTCF contracts derivatives.
The proposed rule amendments specify the apportionment and sequence of use of resources in the event of single and multiple defaults. There is no change to the amount of Clearing Fund resources but the refinements to the Clearing Fund structure give clarity to the market and make the clearing system more robust.
SGX Derivatives Clearing will continue to contribute at least 25 per cent of the Clearing Fund at
Advise Technologies has released upgraded reporting and electronic filing software for the Alternative Investment Fund Managers Directive (AIFMD) to coincide with the new guidelines released by the European Securities and Markets Authority (ESMA).
On 1 October, ESMA released final guidance on reporting obligations under the AIFMD. The release included a consolidated reporting template, an opinion letter, and updated technical specifications, all of which have been incorporated into Advise’s revamped software to provide a working solution that fully reflects the most recent guidance.
The consolidated reporting template put forth by ESMA in the final guidance includes significant changes from the previous
CameronTec has integrated its FIX platform with the Object Trading’s global DMA platform for equity, derivative and FX markets.
As sell-side firms wrestle with the opposing requirements to reduce business cost and complexity without diminishing client service, they increasingly look to streamline trade messaging and market access infrastructure. Many firms suffer with legacy infrastructures that are a drag on performance and have become expensive to manage after years of technology build-outs and add-ons. For those firms, an outsourced offering enables them to improve operational efficiency and trade performance at a lower cost than building in-house.
The joint offering delivers
Fiona Le Poidevin (pictured), chief executive of Guernsey Finance, explores how Guernsey’s investment and insurance expertise mean it is capitalising on the opportunities presented by the growth of Insurance Linked Securities (ILS).
Insurance Linked Securities (ILS) are growing in popularity among investors as an alternative asset class and with insurers as a means of accessing greater quantities of affordable risk transfer capacity. ILS permit an insurer to purchase additional protection for low frequency, high severity losses, including natural and non-natural perils, operating in the traditional insurance market, typically in the form of catastrophe ‘cat’ bonds or collateralised reinsurance. Investors are
FNEX, the alternative investment marketplace, has formed a partnership with Corgentum Consulting whereby its due diligence reviews and background investigation of fund managers sourcing deals on the FNEX.com platform will be available to accredited investors.
FNEX, which launched last month, is a web-based platform that provides accredited investors, family offices and institutions access to investment opportunities offered by investment banks and funds across the US.
The platform lists offerings and provides investors with the necessary tools to educate themselves on alternative investment opportunities.
Todd Ryden, chief executive of FNEX, says: “We recognise that due diligence is one of
Pershing has made enhancements to its PrimeConnect application, including adding a link to Pershing's Fully Paid Securities Lending programme.
The new connection to Pershing's Fully Paid Securities Lending programme allows hedge funds, through a fully automated solution, to transfer fully paid securities from BNY Mellon to Pershing, at which point the securities are available to be borrowed by Pershing.
It also allows hedge fund managers to be able see the earning potential for fully paid assets in the Prime Services dashboard on NetX360, Pershing's technology platform.
Pershing's PrimeConnect provides hedge fund managers, who use a bank custodian, to
Multi-asset brokerage and clearing specialist Newedge is to join forces with Global Markets Exchange Group International (GMEX Group).
GMEX Group is an exchange business focused on the launch of new products, including differentiated interest rate swap futures contracts, and derivatives indices, as well as exchange business partnerships in emerging markets enabled by multi-asset trading technology.
Newedge UK Financial Limited plans to become a trading and clearing member of Global Markets Exchange Group Limited (GMEX), a wholly-owned subsidiary of GMEX Group, which is expected to go live during the first half of 2014 to operate as a Multilateral Trading Facility
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