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The European Securities and Markets Authority (ESMA) on Thursday 13 October released its guidance on cross-border operations between Member States and the role of master/feeder funds.
CTA/Managed Futures was the only Ucits strategy to deliver positive returns in Q3 wrote Alix Capital this week in its latest report on alternative Ucits, returning +1.60 per cent to investors.
BNP Paribas Securities Services announced this week news that it had won a new mandate from Duemme International Luxembourg, the asset management arm of Banca
Securities and Exchange Commission Chairman Mary L Schapiro and senior SEC staff met today with the UK Financial Services Authority’s (FSA) chief executive Hector Sants (pictured) and its managing director of the conduct business unit Martin Wheatley as part of the regular, ongoing SEC-FSA Strategic Dialogue to discuss regulatory approaches to current issues.
During the SEC-FSA dialogue, the agencies exchanged views on a number of topics including issues relating to over-the-counter derivatives, technology-driven trading strategies, market surveillance, and short selling, as well as the agencies’ respective participation in the Financial Stability Board and the International Organization of Securities Commissions. In
September was a record month for over-the-counter (OTC) dry bulk freight trades in 2011. LCH.Clearnet Limited’s (LCH.Clearnet) market leading freight clearing service cleared a total number of 86,000 lots. So far this year, monthly volumes have averaged at approximately 71,000 lots and open interest now stands in excess of 285,000 lots.
Freight volumes have rallied in recent weeks as a result of volatility in capesize rates and increased Chinese demand for Iron Ore shipments from Brazil. Following a year of lower price volatility and weaker prices in general, September’s results represent a welcome positive inflection in the market.
Cleared volumes
Boyer Allan Investment Management, a specialist manager of Asian equity absolute return funds, has selected Paladyne Sytem’s Paladyne Suite.
Boyer Allan, which was established in 1998 and has offices in Hong Kong and London, required a solution that addressed the growing complexity of their business. The firm currently manages eight funds focused on Asia Pacific for institutional clients requiring support from multiple prime brokers, four fund administrators and a connection with multiple trade end execution systems including Omgeo, Bloomberg Port and Tora.
Guy Commaille (pictured), COO of Boyer Allan, says: “We have high demands on our systems and Paladyne offered
NYSE Technologies, the commercial technology unit of NYSE Euronext, has announced the availability of OTC Markets Group as a new destination on the Secure Financial Transaction Infrastructure (SFTI® network.
As one of the industry’s fastest, most resilient electronic message transmission networks, SFTI provides customers with highly reliable access to the financial markets and market participants through a single point of access. This service is being rolled out across all SFTI Americas locations, allowing customers to access OTC Markets Group’s market data for the 10,000+ securities traded on OTC Markets’ OTC Link platform.


OTC Markets Group is the latest addition to the
Today’s market environment is very tricky. Volatility is high and investors are expecting the worst: sovereign defaults in Europe, a double dip in the US and weakness in the banking sector. This has all led to severe tensions on stock markets, says Philippe Lecoq (pictured), Co-manager of European Equities and Olivier Huet, European equity fund manager at Edmond de Rothschild Asset Management. And yet the microeconomic picture contrasts sharply with the current macroeconomic situation. In Europe in particular, companies are enjoying excellent fundamentals like historically high margins, robust balance sheets and abundant liquidity…
After an upbeat performance since the autumn
The Securities and Exchange Commission has voted to propose a rule implementing the so-called "Volcker Rule" requirements. The requirements stem from Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The SEC is issuing the proposal jointly with the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency.
"This proposal is intended to curb the proprietary trading of commercial banks and their affiliates in order to protect taxpayers and consumers by prohibiting insured depository institutions from engaging in risky proprietary trading," says SEC Chairman Mary L Schapiro (pictured).
Public
The US Commodity Futures Trading Commission (CFTC) today announced that the US District Court for the Western District of North Carolina entered an order of default judgment and permanent injunction against Barki, LLC of Mint Hill, N.C.
The order, entered on 30 September, 2011, stems from a CFTC enforcement action filed on 17 March, 2009 that charged Barki and Bruce C. Kramer (Kramer) with fraudulent solicitation and misappropriation in a USD38 million leveraged foreign currency (forex) Ponzi scheme perpetrated by Kramer (see CFTC New Release 5635-09, 18 March, 2009).
The court’s order imposes restitution of USD19,960,649 and a civil monetary
