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MarketAxess has launched an index to inform market participants of trends in liquidity and transaction costs in the credit markets.
The MarketAxess Bid-Ask Spread Index (BASI) is designed using a proprietary methodology and tracks the spread differential between buy and sell trades of the most actively traded corporate bonds over time.
The index is calculated daily using executed trade data from publicly-disseminated FINRA TRACE data and also incorporates trade data from the MarketAxess trading system.
The BASI has been developed for US high grade, high yield and emerging market bonds and can also be broken down by
The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action against MF Global Inc (MF Global), a registered futures commission merchant (FCM), MF Global Holdings Ltd (Holdings), former Chief Executive Officer of MF Global and Holdings Jon S Corzine, and former Assistant Treasurer of MF Global Edith O’Brien, over the unlawful use of customer funds that harmed thousands of customers and violated fundamental customer protection laws on an unprecedented scale.
MF Global has agreed to settle all charges against it on terms set forth in a proposed order that is subject to court approval and includes 100% restitution
Azad Zangana, European Economist, Schroders provides an insight into what Mark Carney can expect upon his arrival and comments on what the future may hold for Britain.…
Mark Carney will take over as the Governor of the Bank of England from the start of July, having been handpicked by the Chancellor to bring about a new level of monetary activism. As he arrives, he will find macro data improving for the UK, which is good news, but will make it more difficult for him to change the entrenched positions set out by the other Monetary Policy Committee (MPC) members.
The World Gold Council, the market development organisation for the gold industry, has appointed Kevin Feldman as managing director – investment worldwide.
He will be responsible for growing the organisation’s portfolio of commercial partnerships, and enhancing its market leadership in gold ETFs and other physical gold products across the world.
Based in New York, his responsibilities will also include overseeing US operations.
Feldman (pictured) has over 20 years’ experience in senior leadership roles for leading global asset management firms both in the US and internationally. He joins the World Gold Council from BlackRock, where he was head of
Hong Kong Exchanges and Clearing (HKEx), the London Metal Exchange (LME) and the China Beijing International Mining Exchange (CBMX) have signed a memorandum of understanding (MOU) on cooperation and the exchange of information.
The MOU was signed by HKEx’s co-head of global markets Romnesh Lamba, HKEx’s head of Asia commodities Liz Milan (pictured), who is also LME Asia managing director, and CBMX president Dong Chaobin.
The signing ceremony was held in Hong Kong and was witnessed by other senior representatives of the three organisations.
CBMX, approved by Beijing Municipal Government, serves as a platform for trading mining
Broadridge Financial Solutions is to acquire Bonaire Software Solutions, a provider of fee calculation, billing and revenue and expense management solutions for asset managers including institutional asset managers, wealth managers, mutual funds, bank trusts, hedge funds and capital markets firms.
The addition of Bonaire is another step in Broadridge’s strategy to build a suite of data-driven solutions for mutual fund, retirement and asset management firms to help them grow their businesses, operate efficiently and minimise risk.
"Bonaire is a great strategic fit for Broadridge. Its market-leading suite of solutions will extend Broadridge’s offerings for asset managers, wealth managers
Angelos Damaskos, CEO of Sector Investment Managers and fund adviser to Junior Oils Trust, on the outlook for oil…
The three main sources of the 1970s supply growth, Alaska, Mexico and the North Sea, are now all in steep decline. In 2000, these three areas produced 11.3 mb/d and by last year, their combined output had declined to 3.4 mb/d.
As these easily accessible fields declined, the search in more challenging locations and alternative methods begun in earnest, stimulated by much higher prices for crude oil. Exploration and production capital expenditure rose from USD200 billion in 2005 to USD600 billion
The Hedge Fund Association and Agecroft Partners are teaming up to create a new hedge fund conference, Hedgeopolis New York, which will be held in New York City at The Metropolitan Club on 4 November 2013.
Conference speakers include leaders at pension funds, endowments, foundations, and funds of hedge funds.
With interest rates near historic lows and significant political and economic risk around the world, investors are focused on enhancing returns in their portfolios while reducing downside volatility. Hedgeopolis is focused on unbiased opinions from many of the world’s most prominent institutional investors on what hedge fund strategies
StatPro Revolution now allows for global exposure and liquidity monitoring. For those with UCITS funds this will aid compliance with the UCITS IV regulation.
Avaliable in the StatPro Revolution App Store, and priced on a per portfolio subscription, the Global Exposure and Liquidity Monitoring module features a traffic light approach used to identify early warnings and breaches.
Using the VaR methodology, this daily tool enables the risk and compliance community to:
• Establish, implement and maintain a documented system of internal limits concerning the measures used to manage and control the relevant risks
• Conduct a rigorous, comprehensive and
BNP Paribas Securities Services has boosted its collateral management solution by launching Collateral Access, a fully integrated offering to cater for both buy-side and sell-side clients.
Market dynamics and the search for increased transparency are pushing participants to implement a robust risk mitigation framework around collateral management. Incoming regulation, in particular EMIR and Dodd-Frank, has increased the need for collateral for all OTC derivatives, whether cleared or non-cleared. The new liquidity standards of Basel III will also affect future demand for high quality liquid assets.
Patrick Colle (pictured), chief executive at BNP Paribas Securities Services, says: “Providing a
