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Interactive Data, a provider of managed ultra-low latency infrastructure and market data feed services, has expanded the Interactive Data 7ticks network to include a new point-of-presence (POP) for the London Stock Exchange within the LSE’s co-location data centre.
Interactive Data, a provider of managed ultra-low latency infrastructure and market data feed services, has expanded the Interactive Data 7ticks network to include a new point-of-presence (POP) for the London Stock Exchange within the LSE’s co-location data centre.
Growth in demand for greater data centre connectivity services in London continues to be driven by the city’s position as a global financial hub.
Agio Technology, a provider of managed IT services for the hedge fund industry, has launched Agio ESP, a fully-automated enterprise service platform designed to allow Agio engineers to focus on a client.s most critical issues.
Agio believes ESP represents a major breakthrough, not only for the firm, but also for its hedge fund clients, providing them with levels of insight and transparency into the overall service processes never before possible.
The key to the enhanced insight and transparency is the Agio ESP Dashboard, providing clients and Agio engineers with a real-time-view of service processes. With ESP, Agio clients have an
Alternative asset manager The Carlyle Group has closed a USD620m collateralised loan obligation fund, the firm’s fourth new-issue CLO in less than a year.
Carlyle Global Market Strategies CLO2012-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.
Carlyle’s last new-issue CLO fund closed in September at USD615m. The firm closed its first new-issue CLO of the year in March and its second in June, both at USD510m, and has now raised USD2.26bn in new-issue CLOs for the year.
Geneva-based Alix Capital, provider of the UCITS Alternative Index Global, is publishing a report that suggests ESMA proposals will impact EUR3billion of CTA UCITS assets
The Serious Fraud Office (SFO) has issued criminal proceedings against Magnus Peterson, a Swedish national and the founding director of Weavering Capital (UK) Limited.
He has been charged with six offences:
Two offences of false accounting contrary to s.17(b), Theft Act 1968
One offence of fraudulent trading contrary to s.458, Companies Act 1985
One offence of fraud by abuse of position contrary to s.4, Fraud Act 2006
Two offences of forgery contrary to s.1 of the Forgery and Counterfeiting Act 1981
The alleged offences took place on various dates during 2003 to 2009.
Weavering Capital (UK) Limited is an English
Orc, a provider of technology and services for the financial industry, has launched Orc Flow Control, a new solution for managing and monitoring pre-trade risk.
Orc Flow Control is designed to help brokers enhance their DMA offerings; and for banks and trading firms to manage their internal flows.
Based on a single user interface, Orc Flow Control provides flexible, real time monitoring of limits and trading activities for multiple participants across multiple markets. Compared to current single market gateway controls, Orc Flow Control offers a multi-market view, greater ease of use, superior functionality and is fully compliant with the ESMA
A surge in rough diamond consumption by the growing middle classes in China and India will push global consumption to USD26.1bn in value from its 2011 level of USD15.6bn, reflecting an annual compound growth rate of approximately six per cent, according to the 2012 Global Diamond Industry Report released by Bain & Company.
The annual report, conducted in collaboration with the Antwerp World Diamond Centre (AWDC), finds that global demand will outpace supply, signalling solid pricing prospects and a strong positive outlook for the industry overall.
“The fundamental forces point to a bright outlook for the diamond market,” says
By Jamie Berry, Chairman, Berry Asset Management – It was the night before Christmas; a solitary figure shuffled through the fast emptying streets around the Bank of England. The Christmas parties were coming to a close. He hadn’t been invited to any: his gloom laden Scrooge like views on markets did nothing to induce festive cheer.
“It’s going to be a terrible year ahead,” he said, to a huddle of revellers on a street corner. “It’s a great time to be pessimistic.”
“In January, the USA faces its fiscal cliff, and this will lead to a double dip recession
The corporate bond market is changing and in far more wholesale a fashion than a mere e-trading trend, says Tabb Group.
In new research, “Corporate Bond Market Transformation: Dealers, Platforms, Investors”, Tabb says that at the very core banks are re-evaluating their role in a market they have dominated, dictated and designed for over 50 years. But today, returns are lower, costs and risks are higher. They are looking at how to realise efficiencies, adopt new business models or exit the industry entirely.
According to Will Rhode (pictured), Tabb’s director of fixed income research and the study’s author, banks
BrokerTec, ICAP’s global electronic fixed income trading platform, and MTS, a fixed income electronic trading venue that is majority-owned by London Stock Exchange Group, have launched the RepoFunds Rate daily repo index for eurozone sovereign bonds.
RepoFunds Rate, the first index to reflect the effective cost of secured funding in key Eurozone countries, was developed in consultation with the repo community and dealers from major financial institutions and will initially cover Germany, France and Italy.
RepoFunds Rate is based on centrally cleared, electronically executed one business day repo transactions rather than indicative quotes. These are based on a common
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