Latest News
BGC Partners, an intermediary to the wholesale financial markets, has completed its first fully electronic Euro interest rate swap transactions over its hybrid voice and electronic execution platform, BGC Trader IRS, which went live on 1 September.
BGC Trader IRS is an extension of BGC’s hybrid technology platform, which has already been deployed and used in over 50 BGC products across credit, rates, foreign exchange, equities and commodities.
The BGC Trader IRS platform incorporates the Volume Match tool, an auction-style functionality which enables customers to transact a wide range of products fully electronically.
Elie El Hayek, managing director, global head
- 05/09/2010
Returns for the Credit Suisse Liquid Alternative Beta Index suggest that hedge funds were negatively impacted by broad market sell-offs in August, although certain sectors showed resilience amid the increased market volatility.
Although the index was down 1.14 per cent in August, it outperformed the MSCI World which fell 4.03 per cent.
Helping to minimise the losses of the index was the Global Macro Liquid Index, which posted slight gains of 0.69 per cent for the month.
Despite the month’s negative returns, the index remains largely positive year-to-date with three of the four sector indices posting gains.
Merger arbitrage remains
- 05/09/2010
- 05/09/2010
KPMG has appointed James Dimech DeBono as an associate partner in its financial risk management practice.
DeBono will be responsible for setting up a team to focus on supporting investment managers, funds and other financial institutions in the preparation of valuations of their portfolios.
The team will comprise quantitative finance and valuation professionals with advanced degrees in quantitative disciplines and significant practical experience in the analysis and valuation of portfolios of “hard-to-value” and illiquid securities.
DeBono trained as an accountant and has 19 years’ advisory experience.
He joins KPMG from Duff & Phelps, where he was managing director for four
- 03/09/2010
The APAC prime brokerage division of Swiss banking giant, UBS, has been a hive of activity of late, with five new executi
- 02/09/2010
- 02/09/2010
New York headquartered Liquidnet, the alternative trading platform that enables buy-side institutions to effectively execute large equity orders en bloc, is busy making inroads into the Asia
- 02/09/2010
Edith Chan, Managing Director for Asian Operations at Fortis Prime Fund Solutions
- 02/09/2010
Man Investments announced this week that it has been chosen by the Korean Teachers’ Credit Union (KTCU)
- 02/09/2010
China’s second-largest asset management firm, E Fund Management, is preparing to launch the mainland’s inaugu
- 02/09/2010
Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m.
The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model.
“In the finance world, arbitrage is commonly known as the practice of taking advantage of a price difference between two or more markets,” said John Indelicato and Anthony Tuozzo, creators of the software. “Essentially what our software does is automates this process through the use of advanced sophisticated algorithms.”
Russell Armstrong, chief executive and managing director of Crescent Financial Partners adds: “We believe this algorithm is
- 02/09/2010
BGC Partners, an intermediary to the wholesale financial markets, has appointed Vanessa Ko as director, regional head of e-commerce for Asia Pacific.
Ko will spearhead the continued expansion of BGC’s electronic coverage in the region with the roll-out of BGC’s electronic platform, BGC Trader, for multiple new products over the coming year.
Ko joined BGC in 2005 as a product manager for credit and has been responsible for the rapid expansion of electronic brokerage in products including Japanese CDS and Asian CDS indices, Australian corporate bonds and government bonds.
BGC has also promoted Norliza Kamardin as associate director of e-commerce
- 02/09/2010
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