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The Eurex KOSPI Product traded 352,562 contracts on 7 November 2012 – a new daily record since the June 2012 introduction of the 500,000 KRW contract multiplier.
The trading value of this daily record equals 121 billion Korean Won.
Average daily volume year-to-date: 139,431 contracts
Average daily volume 2011: 71,454 contracts
Total volume year-to-date: 29,419,984 contracts
Total volume full year 2011: 17,577,676 contracts
Schroders’ Virginie Maisonneuve (pictured), Head of Global and International Equities comments on the once-in-a-decade leadership transition in China, which is set to be unveiled at the party conference. The implications for China and the global economy are significant and that the change should bring relief to Chinese equity markets…
This leadership team could be the last of its kind. The new leader, Xi Jing Ping, is still in the vein of Deng Xiao Ping who led China towards a market economy in the eighties, but he could potentially be steering China towards a new leadership style.
So far, Xi Jing
AXA Private Equity announced this week the opening of its first China office in the country’s capital, Beijing. This continues the firm’s expansion in Asia having opened its first office in Singapore in 2005.
It has since deployed USD1.3billion of capital across the region. AXA Private Equity said the Beijing office would allow it to strengthen relationships with “key private equity market players”. It sees attractive partnership opportunities between Chinese and European companies, and, by leveraging its global reach and diverse European portfolio, AXA Private Equity intends to play a key role in enhancing these potential synergies.
Jenhao Han, Managing
NYSE Euronext has announced the 2013 holiday calendar and early closing dates for its European markets.
NYSE Euronext’s European cash markets, including NYSE Arca Europe and SmartPool Trading, and its derivatives markets will be open Monday to Friday through 2013 except on the following days:
• Tuesday 1 January 2013 (New Year’s Day)
• Friday 29 March 2013 (Good Friday)
• Monday 1 April 2013 (Easter Monday)
• Wednesday 1 May 2013 (Labour Day) [On Wednesday 1 May 2013, certain London market contracts will however be available for trading, i.e. interest rate products, UK-based commodity contracts and those equity derivatives for which the
Nine Lyxor strategy indices out of 14 ended the month in positive territory, led by the Lyxor Long/Short Credit Arbitrage Index (+1.7 per cent), the Convertible Arbitrage Index (+0.5 per cent), and the Distressed Index (+0.6 per cent).
The Lyxor Hedge Fund Index declined 0.6 per cent in October (+1.6 per cent in 2012 to date).
Earnings, as usual, generally beat expectations, but revenues and forward guidance disappointed investors. Fundamental news therefore drove most stock returns more than rumours about political deals did. Markets turned more pessimistic on growth mid-month and declined, but European equity markets managed to hold onto
The Depository Trust & Clearing Corporation (DTCC) processed approximately USD19trn in securities transactions last week during the events of Superstorm Sandy.
During and since this time period, DTCC has remained operational from its multiple out-of region facilities.
The company’s New York-based employees began working remotely at the onset of the storm, and DTCC’s emergency recovery centre in Brooklyn was active by 31 October.
“DTCC’s robust business continuity strategy includes having a number of facilities operating on a daily basis from different locations, maintaining multiple technology redundancies and a disbursed employee population. This enables us to stay operational even under the
Bridgehampton Capital Management, a manager of long-biased hedged and unhedged investment partnerships and privately managed accounts, has launched its first mutual fund, the Bridgehampton Value Strategies Fund.
The new fund seeks higher returns and lower volatility than the S&P 500 Index over a three to five year time horizon.
The fund pursues this investment objective by employing a combination of long-biased and market neutral arbitrage trading strategies that principally entail investments and hedges in common stock, convertible securities, and debt securities issued by companies of any market capitalization, primarily in the US.
In addition to long investments in fixed income
Hedge funds posted the first monthly decline in five months in October, as uncertainty over the outcome and impact of US political elections and the ongoing European sovereign debt and banking crisis increased financial market volatility and further reduced investor risk tolerance.
The HFRI Fund Weighted Composite Index declined by 0.5 per cent, as positive performance across relative value arbitrage, equity hedge and event driven strategies were unable to offset declines across both discretionary and systematic macro strategies, according to data released by HFR.
Fixed income-based relative value arbitrage, event driven and equity hedge each posted their fifth consecutive month
Indus Valley Partners (IVP), a provider of technology solutions to alternative asset managers, has added CPO-PQR and CTA-PR reporting functionality to the firm’s regulatory filing and reporting application – IVP RAPTOR.
The update gives registered commodity pool operators (CPOs) and commodity trading advisors (CTAs) the ability to automate and archive their regulatory filings.
With the added functionality the IVP RAPTOR (Regulatory Analytics Portfolio Transparency Operational Reporting) application now includes coverage for all major regulatory filings required by US-based alternative asset managers, including pre-existing support for SEC Form PF and 13F/D/G filings. Some of the world’s largest alternative asset managers
Thomas (Tom) Kingsley is to drive Bloomberg Tradebook’s Asia Pacific execution consulting practice from Singapore.
Kingsley brings 15 years of experience with the Asian equity markets having led sales and trading teams at buy-side and sell-side institutions.
He joined Bloomberg Tradebook in New York as head of product development for the Asia Pacific region and in that role built relationships with regional research partners and developed specialised tools for Asia-based US equities clients.
"Bloomberg Tradebook sees growth opportunities in the Asia-Pacific region, and we have solidified our commitment to expand client services there by relocating Tom Kingsley to Singapore," says
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