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The international derivatives market Eurex Exchange has concluded an index licensing agreement with the Vienna Stock Exchange (Wiener Börse).
The agreement will allow Eurex Exchange to list futures and options on well-known indices of the Vienna Stock Exchange. This means that Eurex Exchange will be able to complement its Austrian equity futures and equity options segment with the corresponding equity index derivatives based on the ATX and ATX five.
More than 6.8 million contracts in Austrian derivatives were traded on the Eurex Exchange by the end of September 2013. Moreover, the CECE EUR Index, based on eastern European markets,
Deutsche Börse is improving trading on the Frankfurt Stock Exchange by reorienting the trading venue and launching a new quality guarantee for trading from 1 November.
In addition, all structured products will be traded under the Frankfurt Stock Exchange brand.
From Friday, investors will receive a quality guarantee when executing German, European and US blue chips, as well as ETFs. This guarantee ensures that investors can buy or sell at a price equivalent to that on the respective reference market or better. The guarantee applies to all orders up to a volume of EUR7,500.
The specialists at Frankfurt
Singapore Exchange (SGX) is developing Asia’s first electricity futures market with a targeted launch by end-2014, subject to regulatory approval.
SGX was selected by the industry as the preferred exchange for the electricity market following a consultation exercise by the Energy Market Authority (EMA). SGX is working closely with the EMA, Energy Market Company (EMC) and market participants to design the futures products and develop a marketplace for generators, electricity retailers, customers and other participants.
“As Asia’s appetite for energy continues apace, wholesale electricity products and investors will require efficient solutions to enable resource and capital investment allocation. Customers
Calastone and Barclays have gone live with the market's first-ever net settlement service as Smith & Williamson and Capita Asset Services select the solution for their automated settlement of funds.
Both parties have been using Calastone’s managed net settlement service since 2011, which is now underpinned by Barclays, enabling settlement finality through its centralised market cash clearing facility.
Since Calastone and Barclays announced their intention to launch the first full market net settlement service solely designed for the funds industry, they have both been working with key industry participants to finalise the design and delivery.
To date, Calastone’s
BlueBay Asset Management LLP announced this week the launch of the BlueBay Total Return Credit Fund, providing investors with exposure to sub-investment grade credit through the credit cycle.
Mark Poole, Chief Investment Officer, commented: “We have developed the product to meet investor demand for a more flexible approach to credit markets that is not benchmark driven, and allows active shifts between areas of the market in a timely fashion.”
The Fund aims to achieve a total return of 5 to 10 per cent per annum over the credit cycle. Sources of return are broad based, with alpha achieved via security
CBOE Holdings has declared a quarterly cash dividend of USD0.18 per share of common stock payable on 20 December to stockholders of record at the close of business on 29 November.
CBOE Holdings is the holding company for Chicago Board Options Exchange (CBOE), the CBOE Futures Exchange (CFE) and other subsidiaries.
Equinoxe Alternative Investment Services has opened new offices in Malta and Singapore, expanding its presence to seven locations.
Malta is an important jurisdiction for Equinoxe with a growing number of funds deciding to avail themselves of its EU status and favourable taxation regime to domicile there, whilst still falling under the AIFMD umbrella.
Stephen Castree, chief executive of Equinoxe, says: “Malta is an excellent complement to the presence that we already have in Ireland and we are delighted to report that the Malta Financial Services Authority has authorised Equinoxe Malta to conduct fund administration business.
“I am also
Sandell Asset Management has selected SS&C GlobeOp to provide a range of fund administration, risk and regulatory support services, including support for FATCA and Form PF.
SS&C GlobeOp’s technology platform, coupled with the expertise of its team in risk and regulatory compliance, were key elements in the asset manager’s decision to migrate from its existing fund administrator to SS&C GlobeOp.
“All areas of our organisation, from risk management through to trading, operations and even marketing and investor relations will benefit from the move to SS&C GlobeOp’s advanced technology platform. The integration of risk and customised reporting will further enhance
Simple Alternatives’ S1 Fund, a multi-manager, long/short equity mutual fund, marked its three-year anniversary on 1 October.
"Our goal with the S1 Fund was to deliver the benefits of true hedge fund investing combined with better liquidity and overall transparency for investors," says Jim Dilworth, chief executive and founder of Simple Alternatives. "We have now achieved a solid three year track record and our message is resonating with advisors; that '40 Act mutual funds with daily pricing and liquidity are simply a better way to access the talent of top hedge fund managers."
The growth of liquid alternatives is
ICAP has appointed Laurent Paulhac as a managing director and chief executive of ICAP SEF (US), reporting to Michael Spencer, ICAP’s group chief executive officer.
Based in New York, Paulhac (pictured) will be responsible for leading ICAP’s global SEF initiative as well as the SEF’s strategic direction with regard to new regulatory reforms and the company’s alliances and partnerships with exchanges and CCPs. Paulhac will also be involved in managing i-Swap in the US, ICAP’s electronic trading platform for OTC interest rate derivatives.
Paulhac joins from the CME Group where he was senior managing director for interest rate and
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