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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
EDHEC-Risk Institute disagrees with The European Fund and Asset Management Association's (EFAMA) assertion that the European Securities and Markets Authority (ESMA) exceeded its powers and mandate by issuing quasi-regulation on topics not previously regulated at EU level.
The representative body for the European investment management industry specifically targeted the ESMA guidelines on ETFs and other UCITS issues and its provisions in terms of securities lending, collateral management, or the use of financial indices.
EDHEC-Risk Institute, which, like EFAMA, has contributed to the consultation process that led to these guidelines, says it takes exception to this language and interpretation and wishes
All seven of IndexIQ’s proprietary family of hedge fund replication and alternative beta indices were positive in October, with the IQ Hedge Event-Driven Beta Index leading the way with a return of 3.11 per cent.
The IQ Hedge Long/Short Beta Index (1.58 per cent), IQ Hedge Composite Beta Index (1.44 per cent), IQ Hedge Fixed Income Arbitrage Beta Index (1.31 per cent) and IQ Hedge Emerging Markets Beta Index (1.30 per cent) all produced solid reruns.
The IQ Hedge Global Macro Beta Index (0.93 per cent) and the IQ Hedge Market Neutral Beta Index (0.41 per cent) brought up
Derivatives trading and clearing activities on the Singapore Exchange (SGX) grew in October from a year earlier while securities trading declined.
Record-high open interest was achieved in the derivatives market during the month.
The value of securities traded fell six per cent year-on-year to USD24.7bn, while the daily average value of securities traded declined six per cent to USD1.1bn.
A total of 48 bonds raising USD16.5bn were listed. The biggest debt listed was Origin Energy Finance’s EUR800m bond.
Derivatives volume rose 20 per cent year-on-year to 8.5 million contracts.
Open interest at end-October rose 62 per
The US Commodity Futures Trading Commission (CFTC) has approved the application of Chicago Mercantile Exchange (CME) for temporary registration as a swap execution facility (SEF).
CME SEF is an operating division of the Chicago Mercantile Exchange Inc, a Delaware corporation and a wholly-owned subsidiary of CME Group, a publicly traded company.
A SEF is a category of CFTC registered entities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to provide greater pre-trade and post-trade transparency to the swaps market.
CME SEF will be required, as will all future temporarily and fully registered SEFs,
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