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The international derivatives exchange Eurex is to launch a new interest rate contract on 19 September 2011. The Mid-Term Euro BTP Future is based on notional medium-term bonds issued by the Republic of Italy (Buoni del Tesoro Poliennali – BTP).
The new contract will complement Eurex’s interest rate derivatives offering for all A and AA-rated European government bonds as well as for other interest rate instruments and will serve as an ideal hedging instrument for this market segment.
“The success of our two listed BTP futures increased the demand among our customers for the yield curve to be completed. Our
Man Group saw its funds under management (FUM) rise to USD71bn as of 30 June 2011, up from USD69.1bn at 31 March, 2011, according to the company’s latest interim management statement.
Man also recorded record sales in the quarter of USD9.0 billion to give a net inflow of USD3.7 billion after redemptions of USD5.3 billion.
The company’s recently launched open ended onshore AHL fund in Japan now has USD2.3 billion under management, while revenue synergies from Man’s GLG acquisition include USD1.0 billion from an emerging markets currency product in Japan and USD400 million from the first guaranteed product blend –
The current bull market that began in March 2009 has further to go, according to Stephen Sutherland, chief investment strategist at ISACO…
The market has been correcting since the 2nd May 2011 and from my daily analysis, it is pretty clear that since the correction bottomed out on the 16th June, institutional investors have been secretly buying, helping the market and stocks to recover off their recent lows. It’s also obvious from the bearish nature of the financial media that most people are missing out on what’s really going on; including many full-time traders. Due to the extent of the
International Financial Centre law firm Walkers has invited a number of attorneys across its global network to join the partnership, as the firm continues to expand in order to meet the growing demands of its clients.
Eight individuals across four of Walkers’ international offices have been invited to join the partnership, taking the firm’s total number of partners around the world to 57. Walkers’ new partners together represent over 100 years of legal experience and are in the following offices and practice groups:
British Virgin Islands: John Gosling (Finance & Corporate)
Cayman Islands: Julian Ashworth (Investment Funds)
Rob Jackson (Finance
New changes to FSA regulation on the use of mobile phones and electronic devices, may mean that many FSA-regulated businesses may be forced to ban private devices from the workplace, according to mobile voice provider Natterbox.
New legislation, which comes into effect on 14th November 2011, means that FSA-regulated companies will have to: comply with the new regulation to ensure that all business-related voice calls and SMS or TXT communications are recorded, stored for up to six months and are available under warrant within a reasonable timeframe if required; and ensure that ‘relevant communications’ do not take place on private
Risk Management Gateway, the pre-trade risk management service offered by <
Singapore-based Dymon Asia Capital has seen its assets double since March to over USD1billion thanks to the outperformance of its Asia m
Following HSBC’s first foray into the competitive arena of prime broking when its prime services unit went live in Hong Kong last week, t
Citic Securities International Fund Management, based in Shanghai, launched last month a RMB-denominated hedge fund focusing on FX and fixed income reported H
Asset Control, a provider of financial data management solutions and services, has appointed Dean Goodermote (pictured) and Frank Fanzilli Jr to its board of directors. Goodermote and Fanzilli complement and strengthen the composition of the board and bring with them additional leadership, operational insight and deep understanding of the challenges facing financial institutions today. The appointments are made with immediate effect.
"I am delighted to be joining Asset Control as it looks to continue its strong organic growth, and bring structure to what has been a confusing area for many," says Fanzilli. "Data management is a frequently undervalued but critically
