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To successfully execute on complex trading strategies and to stay in compliance, a firm must know the exact time that events happen, such as ticks, trades and computed correlations.
If a time stamp is off, it could be the difference between a successful trade and a debilitating business challenge.
For the last four years, FSMLabs has provided financial trading firms with software and hardware for high-precision time synchronisation and distribution to prevent intentional and accidental time errors, manage compliance, and guard against malicious attacks. However, a large number of financial firms still do not recognise how easily time can
Hedge funds that invest in people management register higher average investment returns than their peers, according to a survey from Citi Prime Finance.
This concept of “people alpha” is the latest potential differentiator for managers in an industry that is becoming increasingly competitive and institutionalised.
The survey corroborates numerous other academic studies that have shown the connection between superior performance and an investment in an organisation’s people.
“Just as hedge funds once claimed ‘operational alpha’ as a differentiator, we believe that ‘people alpha’ will separate some firms from the pack and will soon become an industry norm,” says
More and more traders are discovering the capital savings they can receive by trading Swap Spreads using a CME-cleared Interest Rate Swap and CME Treasury Futures – a popular example of this is the "Invoice Swap" or "Invoice Spread".
These swaps may eliminate a substantial portion of Dodd-Frank margin costs. To find out how to implement this trade and unlock potential savings, read our brief paper on how it works.
The impressive gains made by equity markets this year have left valuations looking fuller than they were 12 months ago, says Dean Turner, Investment Strategist at HSBC Private Bank…
Nevertheless, we believe that equities will continue to make progress over coming months, driven by earnings growth that is supported by the recovering global economy.
As the US debt ceiling negotiations reached a positive conclusion last week, investors’ appetite for risk resumed, pushing stockmarkets higher, and driving the S&P 500 index to an all-time high. The recovery of stocks has moved valuations in some markets to within a whisker of their
Guernsey has signed an agreement with the UK on a package of tax measures designed to enhance the automatic tax information exchange provisions already in place between the two jurisdictions.
The island’s Chief Minister, Peter Harwood (pictured), signed the Inter-Governmental Agreement (IGA) in London alongside the UK’s Exchequer Secretary to the Treasury, David Gauke.
The current measures have been in existence since 2005, with automatic exchange of information the only option since 2011.
The IGA is similar to the Model I type agreement being negotiated with the US relating to the Foreign Account Tax Compliance Act (FATCA), which
BCS Prime Brokerage has partnered with ARQA Technologies to implement backQRT, ARQA’s automated back-office software.
The multipurpose back office system, which provides record-keeping, trade settlement, regulatory reporting and partial management accounting, will provide BCS clients with access to new markets and a more efficient transaction clearing model.
The BCS platform will now perform accounting of spot instrument operations in various markets including the Moscow Exchange (MOEX) the London Stock Exchange (LSE) and the MOEX Currency market.
The backQORT system makes calculations of various taxes applicable to companies operating in accordance with EU regulations. One of the improvements introduced
Prudential Fixed Income has been appointed as the collateral manager for the Dryden 30 Senior Loan Fund, a recently closed USD516.4m collateralised loan obligation.
Prudential Fixed Income is the principal public fixed income asset management business of Prudential Financial.
The Dryden 30 Senior Loan Fund is the eighth new CLO to be issued globally under the Dryden brand within the last two years and the 46th cash or synthetic CLO/CDO structure to be managed or sub-advised by either or both of the Prudential Fixed Income teams in its Newark and London offices.
Standard & Poor's ranks Prudential as
Omgeo has partnered with TriOptima and AcadiaSoft to extend straight-through processing (STP) for users of Omgeo ProtoColl, its automated collateral and margin management solution.
In response to global regulations that require firms to reconcile OTC positions on a regular basis, including Dodd-Frank and the European Market Infrastructure Regulation (EMIR), ProtoColl will directly interface with TriOptima’s triResolve, a portfolio reconciliation solution that features over 600 institutions on the service.
By linking ProtoColl to triResolve, users can manage their entire collateral management process in ProtoColl, and then automatically reconcile their over-the-counter (OTC) positions.
As part of the daily counterparty reconciliation,
Equity-focused, event-driven investment manager OVS Capital Management has added Nitin Sharma to its investment team and promoted Manuel Blanco to partner.
Sharma joins OVS as an analyst, having previously worked as an equity analyst at Centaurus Capital, Brevan Howard and Ivaldi Capital. In these roles he focused on bottom-up fundamental stock analysis and equity and event driven situations.
Prior to this he worked at UBS as an analyst in the corporate finance team and from 2004 to 2007 at McKinsey & Company also in the corporate finance team.
Blanco who joined OVS as an analyst in March 2012,
Channel Capital Advisors has launched a high yield catalyst fund, which aims to generate net returns of 10 to 12 per cent with low volatility and little correlation to the major markets.
The fund invests mainly in liquid bonds, equity and CDS, The strategy seeks to identify mispriced corporate debt where a catalyst will drive price realignment and profit realisation.
The fund is managed by Peter Baker, a former high yield portfolio manager at Lazard and SGS, and Frits Lieuw-kie-song, a former high yield portfolio manager at LKS and SGS.
“We are both delighted to be back working
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