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CQG’s Continuum Order Routing Network is now available in Eze Software’s multi-broker, cross-asset electronic execution platform, the RealTick EMS.
This integration provides users of the RealTick EMS with direct global futures exchange connectivity to over 50 additional markets and access to more than 100 new Futures Commission Merchants (FCMs). Users can now enter an order in the RealTick EMS and route it through the CQG network directly to any broker or exchange to which CQG is connected.
“At Eze Software, we are committed to partnering with leading firms to provide our clients with a wide range of global cross-asset
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action in the US District Court for the Southern District of New York against Donald R Wilson and his company, DRW Investments.
The CFTC’s complaint charges Wilson and DRW with unlawfully manipulating and attempting to manipulate the price of a futures contract, namely the IDEX USD Three-Month Interest Rate Swap Futures Contract from at least January 2011 through August 2011.
The complaint alleges that as a result of the manipulative scheme, the defendants profited by at least USD20m, while their trading counterparties suffered losses of an equal
Gottex Fund Management is to establish a joint venture with VStone Asset Management, a private asset manager, which will provide access to mainland China asset management and investors.
Gottex, which has one of the largest hedge fund teams in Asia, will partner with Shanghai-based VStone, led by Dr Jiwu Chen, the former chief investment officer of Fullgoal Fund Management and China Life.
VStone’s total staff of 35 includes a team of mainland China equity and private equity managers and investment professionals.
The JV will provide institutional and qualified private investors access to the China onshore market (including A-Shares)
The Maples group is expanding its presence in the Asia Pacific region with the launch of the full service offering of MaplesFS in Singapore.
MaplesFS, through its operating divisions Maples Fund Services and Maples Fiduciary, is an independent provider of fiduciary, accounting and administration services.
With the launch of its office in Singapore, MaplesFS will provide clients in the region with a wide range of services to satisfy their fund administration, corporate formation and fiduciary needs.
Maples Fund Services (Singapore) will focus on providing middle office, data aggregation and reporting, and fund administration services to Singapore domiciled funds
Apex Technologies has selected Eze Castle’s Eze Private Cloud to deliver cloud services to its hedge fund and alternative investment firm customers.
The Apex Cloud, powered by the Eze Private Cloud, allows Apex Technologies to offer clients secure IT operation and hosting solutions that increase operational efficiency and simplified technology management.
Apex Technologies is a wholly owned subsidiary of Apex Holdings, one of the world’s largest independent fund administration companies.
Apex Technologies services clients within the hedge fund, private equity, fund of funds, and investment management industry to deliver technology and operational services.
Apex Cloud, powered
BNY Mellon’s broker-dealer services business is to provide clearing and custody services to Global Prime Partners’ (GPP) expanding group of high quality emerging investment manager clients.
BNY Mellon will initially begin providing its services to GPP's clients that have settlements in Euroclear with the intention of gradually rolling out this counterparty arrangement into all geographic regions in which GPP's provides prime brokerage support to its clients.
Kevin LoPrimo, head of global hedge fund services at Global Prime Partners, says: "This arrangement has been a long time in the making and we are delighted to be moving forward with BNY
Forward is expanding its sub-advisory relationship with Pacific Investment Management Company (PIMCO) to manage the Forward Credit Analysis Long/Short Fund (FLSIX).
As of 13 November 2013, PIMCO will become the fund's new sub-advisor. PIMCO is already a sub-advisor to Forward Investment Grade Fixed-Income Fund (AIFIX).
"The move will refocus the fund's management, and we have also moved to significantly lower its management fee," says Alan Reid (pictured), chief executive of Forward.
Veteran fixed-income manager Joseph Deane, executive vice president and head of municipal bond portfolio management for PIMCO, and David Hammer, senior vice president and municipal bond portfolio
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
