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A report from Efma and Oliver Wyman reveals that the general slowing of retail credit growth in the last few years has hidden significant discrepancies in retail lending markets across Europe.
The report, European Retail Credit Survey: Exploring the map, identifies three distinct groups that European countries fall into: “watch list” markets that have suffered most during the economic crisis; markets that continue to grow (either because of their relative economic health or because they are emerging markets whose credit penetration levels are moving up to European averages); and stagnant markets that have experienced relatively low retail credit growth.
Interactive Data, a provider of managed ultra-low latency infrastructure and market data services designed to facilitate electronic trading, has made its consolidated feed available through a new suite of application programming interfaces (APIs).
With a wide-range of trading organisations and software firms looking for ways to easily integrate and consume market data, Interactive Data’s enhanced suite of APIs offers straightforward, programmatic access to a wide range of data sets, functionality and value-add services.
It can enable firms to use global cross-asset content, including tick-by-tick Level 1 and Level 2 data, covering over 450 data sources and newswires, within a
Aquis Exchange, the proposed pan European stock exchange, plans to establish its primary data centre at the Equinix LD4 International Business Exchange (IBX) data centre inside the Equinix London Slough campus.
Aquis Exchange, which will launch pending approval by the UK Financial Conduct Authority (FCA), aims to revolutionise the European trading landscape and increase competition by introducing tiered subscription-based pricing and innovative order types.
The Equinix London Slough campus was selected by Aquis Exchange because of its unrivalled access to over 30 European markets, 80 exchanges and trading platforms. In addition, Aquis Exchange will have access to
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published their final report setting out their Principles for Benchmark-Setting Processes in the EU.
The principles are designed to address the problems identified with benchmark-setting processes and will provide benchmark users, administrators, calculation agents, publishers and data submitters with a common framework for carrying out these activities. The application of the principles will also help in the transition to any potential future EU legal framework for benchmarks.
ESMA and the EBA consider it important that these principles are implemented by all market participants, with the
TriOptima will support data verification and portfolio reconciliation of DTCC’s trade repository data as requested by triResolve clients’ for their over-the-counter derivatives portfolios.
TriOptima will be the first portfolio reconciliation provider to receive directly DTCC repository data for this purpose.
“Assisting our clients with verification and reconciliation of portfolio data submitted to DTCC trade repositories is a significant development,” says Raf Pritchard, chief executive of triResolve. “Making repository data directly available to the reconciliation process contributes to data accuracy and creates opportunities to combine workflows and simplify operations. Given the rapid pace of change in the market,
The Hedgeweek USA Awards 2013 presented last night in New York City brought together the leading names in the US hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2012.
Delivering the opening remarks at the Awards, Jim Munsell, Partner, Sidley Austin, LLP, highlighted a number of significant business and regulatory developments for alternative investment funds and their managers. He concluded: “Most of the recent developments have served to increase barriers to entry, increase costs, and compress operating margins. Nevertheless, this remains a great business to be in, with tremendous opportunities for wealth creation
Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, as reported by Reuters.
Wu was among at least seven SAC Capital staff who left Hong Kong this year, at a time when Cohen and his firm are drawing increased scrutiny in the U.S. government's long-running investigation into insider trading.
Known in the industry as "Dr Wu," his hedge fund, named Bach Option, will launch by the end of 2013, said three sources who could
Nasdaq OMX NLX has partnered with SuperDerivatives to offer independent and transparent settlement pricing on its new London-based market for interest rate derivatives.
Daily settlement prices and some final settlement prices for NLX futures products are supported by SuperDerivatives.
SuperDerivatives will deliver unbiased and accurate settlement prices based both on actual traded prices and order books within the NLX market itself and in the very closely related OTC markets.
NLX offers a range of both short-term interest rate (STIRs) and long-term interest rate (LTIRs) euro and sterling denominated listed derivative products.
Robert Emerson, head of interest
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has completed the Service Organization Controls (SOC1) Type II reports for its hedge fund application hosting and managed cloud services.
Following the successful completion of the SSAE16 Type II examinations in June 2012, Abacus became one of the first private cloud providers for hedge funds to complete both SAS70 Type I and SSAE16 Type II reports, ensuring the highest level of security and internal controls.
Abacus builds upon its commitment for security and control by completing annual audits. The most recent, the SOC1
Eurex Exchange is offering new research tools via its website enabling interested investors to obtain a comprehensive insight into the world of analysis, valuation and trading of volatility derivatives.
The VSTOXX Advanced Services offering is primarily aimed at portfolio managers, proprietary traders, client traders, and brokers, as well as risk managers and institutional investors, all of whom can hedge their portfolios much better with the volatility derivatives listed on Eurex Exchange.
The VSTOXX Advanced Services offer, for example, simulation of volatility-based investments, comprehensive data analysis of the VSTOXX Index and a tool to value VSTOXX derivatives based on
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