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Celoxica, a provider of ultra low latency market data, order entry and pre-trade risk solutions for high frequency traders and brokers, has extended its hardware accelerated market data products with the launch of the Generic Book Accelerator (GBA) product line for the US market.
The GBA delivers unique performance advantage maintaining order books on an FPGA board and distributes the five best limits to consuming applications delivering deterministic wire to wire latency of one microsecond and eliminating performance spikes.
Combined with GBA, Symbol Filtering also reduces the required system bandwidth ensuring only relevant market data is sent to
Netage Solutions has appointed Steve Tobio to the position of director of product development.
A skilled product manager with 11 years of experience in the financial services industry, Tobio will drive development efforts at Netage, ensuring that the Dynamo platform continues to deliver market-leading capabilities for alternative investment firms.
Most recently, Tobio served as director of services and operations at SS&C Technologies, a provider of specialised software for the global financial services industry. There, he oversaw the client services and professional services team, and held responsibility creating deployment methodology and product road mapping of TheNextRound, an investor accounting
Billings Capital Management, the investment manager founded by Friedman Billings Ramsey co-founder, former chairman and chief executive Eric F Billings, has formed a business development relationship with MCAM Group dedicated towards Europe and Asia.
Lars Bjoergerd, managing director, MCAM Group, says: “Billings Capital Management marks another important mandate for MCAM Group and we look forward to working with the Billings team.”
HighWater has appointed Darren Stainrod, former managing director of UBS Cayman and global head of alternatives, to its corporate governance team.
Stainrod (pictured) has more than 25 years of experience in the alternative investment fund industry, working with the world’s largest asset managers and institutional investors. Prior to his 17 years at UBS, he was an auditor at both Deloitte and PricewaterhouseCoopers.
Mark Fagan has also been promoted to director. Fagan is a Chartered Accountant and CFA Charter holder. Prior to joining Highwater, he was an investment adviser with RBC Dominion Securities; portfolio manager and performance analyst at
The final block rule for swaps is critical to promoting transparency in this once opaque market, says US Commodity and Futures Commission Chairman, Gary Gensler…
With this rule, the public will benefit from seeing the price and volume of the majority of swaps transactions in real time – as soon as technologically practicable – after a trade is executed. Further, with this rule the public will benefit from the competition that will arise as buyers and sellers must transact on transparent trading platforms.
The methodology for determining block sizes is appropriately tailored to vary by asset class and by underlying
The supervisory board of Deutsche Börse has re-appointed Andreas Preuss, the company’s deputy chief executive, as member of the executive board for a further three years with effect from 1 April 2014.
Preuss (pictured) has been a member of the executive board since April 2006 when he re-joined Deutsche Börse Group. In June 2008, he was appointed deputy CEO. He is in charge of the cash and derivatives markets division with responsibility for Eurex Group and Xetra.
His current appointment will end on 31 March 2014.
Since October 2012, Preuss has also been chairman of the World
Eight of Newedge’s 11 hedge fund indices showed positive performance during the month of April.
The Newedge Trend Index increased 3.85 per cent in April, followed by the Newedge CTA Index, which gained 1.45 per cent. The Newedge Trend Index and Newedge CTA Index have risen 7.67 per cent and 4.36 per cent, respectively, for the year.
The Newedge Short-Term Trading Index was up 1.29 per cent in April and 4.86 per cent for 2013.
The Newedge Commodity Index (Trading) had the worst performance during the month and was down 1.38 per cent.
The Newedge
ML Capital Group has appointed Dermot F Smurfit as chairman, effective 23 April 2013.
Cyril Delamare, chief executive, says: "Dr Dermot F Smurfit’s appointment will further strengthen and help ML Capital build on the foundations put in place by the existing management team. He will be a highly valuable member of the board and will take an active role in developing the business. Dr Smurfit brings to the company a formidable reputation of resolute leadership and entrepreneurial spirit, which we believe will serve the company well as we strive to become the leading independent provider of European regulated fund structuring and distribution
Global demand for retail focused, liquid alternative investment products will reach USD939bn by 2017, more than three times the current level, according to a survey from Citi Prime Finance.
The growth forecast comes amid new flexibility for mutual fund and exchange-traded fund (ETF) providers, unprecedented levels of transparency among hedge funds, and new demands from wealth managers and broker-dealers who want to add alternatives to more mainstream portfolios.
The outlook and analysis is contained in the fourth edition of Citi Prime Finance’s annual survey of hedge fund industry trends, this year titled The Rise of Liquid Alternatives & the
The Central Bank of Ireland has issued the necessary application forms and accompanying rules to allow alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) to apply for authorisation under the new Alternative Investment Fund Managers Directive (AIFMD).
The Central Bank is ready to receive applications for authorisation under this new non-UCITS regulatory regime. This is particularly important for those firms aiming to have AIFMD-compliant structures on 22 July 2013, when the AIFMD comes into effect.
In addition to the application forms, the Central Bank has published a new format AIF Rulebook which sets out text for
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