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Singapore Exchange (SGX) has launched SGX Co-Location Service, offering the fastest connection to its markets.
SGX Data Centre, which officially opened on 11 April, serves as the launch pad for SGX Co-Location. By locating their systems at SGX Data Centre with SGX’s trading, market data and clearing engines, Co- Location customers will experience connectivity speeds of at least 250 times faster than conventional access methods in Singapore. SGX Co-Location service will be the connection of choice to SGX Reach, the world’s fastest trading engine which will start operating in August this year, offering response times of less than 90 microseconds.
The Dow Jones Credit Suisse Hedge Fund Index performance in March has been confirmed as +0.12%.
Oliver Schupp (pictured), President of Credit Suisse Index Co, LLC, says: "The Dow Jones Credit Suisse Hedge Fund Index finished relatively flat in March, gaining 0.12%; however, as evidenced by the daily performance of the newly launched Dow Jones Credit Suisse Core Hedge Fund Index, hedge funds fell approximately 1% mid-month before they rebounded to recover losses suffered following tsunami-related events in Japan.
"The addition of the Dow Jones Credit Suisse Core Hedge Fund Index enables investors to more accurately track the impact of
CMA Covered Bond Investor Council (CBIC), an industry body representing a diverse range of investors in the European covered bond market, and operating under the auspices of the International Capital Market Association, has launched an initiative aimed at setting transparency standards for covered bonds.
Covered bonds have become an increasingly important component in the funding of financial institutions in Europe, because they provide cost effective funding, with a low execution risk, long maturities, and help issuers and investors diversify their portfolios of liabilities and assets respectively. The structure and security of covered bonds have set this asset class apart and
The US Commodity Futures Trading Commission (CFTC) has charged Lyndon Lydell Parrilla and his company, Green Tree Capital, both of Woodland Hills, California, with operating a fraudulent multi-million dollar foreign exchange (forex) scheme since at least 2009.
The CFTC complaint was filed on April 12, 2011, in the US District Court for the District of Massachusetts. On April 13, 2011, Judge Joseph L Tauro entered an ex parte restraining order freezing the defendants’ assets and prohibiting the destruction or alteration of their books and records.
The complaint charges that Parrilla and Green Tree Capital, from approximately October 2009 to the
ESMA publishes today the final report on the guidelines on risk measurement and the calculation of the global exposure for certain types of structured UCITS (ESMA/2011/112). The report contains the policy approach agreed by ESMA, the cost-benefit analysis, the feedback from the public consultation and the draft guidelines in English to be addressed to competent authorities and UCITS management companies.
The final version of the guidelines (which will be unchanged) will be translated into all the European Union languages and will be available at a later stage on the ESMA website. The guidelines will take effect when this translation process
The Australian Securities and Investments Commission has released new regulatory guidance and relief aimed at achieving better disclosure by parties that are engaging in securities lending of substantial holdings in listed entities.
The guidance is contained in Regulatory Guide 222 Substantial holding disclosure: securities lending and prime broking (RG 222) and the relief is contained in Class Order [CO 11/272].
ASIC has also released Report 235 Response to submissions on CP 107: Securities lending and substantial holding disclosure (REP 235), which summarises consultations with industry leading to the new regulatory guidance.
Under the new guidance, ASIC sets out its expectations
Global hedge fund heavyweight Och-Ziff, with approximately USD29billion in AUM (as of 1 April, 2011), has teamed up with Bank of America Merrill Lynch (BAML) to laun
FundLogic Alternatives Plc, Morgan Stanley’s Dublin-domiciled UCITS umbrella, announced this week that it had teamed up with Sandler O’Neill Asset Man
Algorithmics this week announced the launch of Algo Risk Reports, designed for hedge fund managers to help simplify their risk reporting responsibilities.
SEB, one of Scandinavia’s leading financial institutions, has welcomed German equity specialist, Frankfurt-based
