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BGC Partners, an intermediary to the wholesale financial markets, has executed its first fully electronic dollar interest rate option trade.
The transaction was carried out using the Volume Match tool on BGC’s proprietary, hybrid execution platform, BGC Trader.
The BGC Trader platform offers customers the option of voice or electronic execution for over 50 BGC products across rates, credit, equity, commodity and foreign exchange products globally.
Volume Match is an auction-style tool that enables fully-electronic transaction of asset classes including credit default swaps, foreign exchange options and European interest rate swaps.
Rob Sutton, managing director, global head of USD IRS
Speaking at this week’s Bloomberg Hedge Funds Asia Summit in Hong Kong, two leading Asia-based commodities hedge fund managers agreed that supply issues would create higher commodity p
In a further sign that the hedge fund industry is beginning to consolidate Tokyo-based Orix Investment Corporation has de
With USD Libor at historical lows, Libor floors have become the norm with 95 per cent of loans including floors with ranges of 1.25 per cent to 3.00 per cent, according to Debtwire’s leveraged loan report.
During the first half of 2010 Debtwire North America covered 133 leverage loans issued by 112 companies.
Debtwire Europe covered 46 new loans issued by 20 companies totalling just under EUR11.3bn, 18 per cent ahead of the volume in the first half of 2009.
LBO-driven issuance kicked off in the second quarter, totalling EUR4.9bn associated with 39 deals.
Nevertheless, secondary buy-outs and refinancing came
Merlin Securities, a prime brokerage services and technology provider, has released the Merlin Compass iPad application.
Merlin Compass for iPad is a real-time analytics platform that provides portfolio managers with intraday performance, exposure and risk metrics.
Merlin’s hedge fund clients can now monitor their portfolios remotely with the familiar look, feel and functionality they get from the desktop version of Merlin Compass.
The application integrates with the Merlin portfolio management and trading platforms to provide portfolio updates based on real-time market data and trading activity.
Merlin Compass for iPad provides managers access to a range of information about their funds,
Quintillion, an independent hedge fund administration firm, has integrated a new version of Paladyne Price and Paladyne Security with its accounting system Advent Geneva and internal control dashboard QControl.
Paladyne Security Master and Paladyne Price Master consolidate security, pricing, and corporate actions data, from multiple market data sources into a single "Golden Copy".
Paladyne Price Master provides automated collection, storage and analysis of prices and market data, customizable pricing rules, and comprehensive audit and compliance reporting.
The new version of Paladyne Price Master, which is integrated with FT Interactive Data, Reuters, Bloomberg and Markit among other data vendors, includes enhanced
Revere Capital Advisors has formed a partnership with Quest Partners, a New York based commodity trading adviser.
Revere, a New York and London based alternative investment firm, says the partnership reflects its ongoing commitment to source the highest quality hedge fund managers.
Quest Partners was founded in 2001 by Nigol Koulajian who previously co-founded Enterprise Asset Management and Avalon Asset Management. The firm’s principals have 30 years of combined experience in system design and trading and are supported by a team of six professionals.
Dan Barnett, chief executive of Revere, says: “Revere’s founders have deep rooted experience in the selection
Managers of funds of hedge funds expect returns from equity hedge funds to improve and favour event driven strategies, says Standard & Poor’s Fund Services in its latest update on the sector.
“Fund managers are looking at company balance sheets that are flush with cash that is earning next to nothing given current rates of interest,” says S&P Fund Services lead analyst, Randal Goldsmith. “With debt financing readily available, they expect corporate takeovers to soar, providing a strong opportunity for event driven managers.”
Event driven strategies were positive for HDF funds over Q3 2010 and the manager, Christophe Jaubert, is
Deutsche Bank has launched Prism, a guaranteed liquidity service powered by the bank’s Autobahn electronic execution platform.
Prism is the first service to offer aggregated liquidity, with depth of market, across the complete spectrum of rates products – interest rate swaps, US treasuries and US treasury futures.
Prism enables clients to execute complex, cross-asset trades (including basis spreads, curve spreads and treasury swap spreads) by combining execution algorithms with Deutsche Bank’s principal liquidity.
“As the leader in US fixed income, our perspective guides innovations to help clients navigate the challenges of an evolving market,” says Tom Hartnett, head of rates
