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Fidessa, a provider of trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and sell-side, has integrated US options trading into its EMS Workstation.
The system now supports fast trading for this asset class directly from redesigned options matrix and market depth views.
The EMS Workstation also supports users’ DMA, care and algorithmic trading needs, as well as smart order routing and access to options algorithms.
Martin Hakker, executive vice president marketing for Fidessa in North America, says: "The EMS Workstation has experienced a period of rapid development as we strive to meet the ever-growing needs of
Wiener Börse has converted its trading system for the derivatives market from US-based Nasdaq-OMX’s OM-Click to the Eurex system.
The Eurex trading and clearing platform is used by more than 410 customers in 25 countries on four continents.
In converting to the Eurex system, Wiener Börse expects to see increased liquidity on its derivatives market.
The majority of Wiener Börse’s cash market participants already use the Eurex infrastructure to trade derivatives on other marketplaces. In the future, these participants can also use the new Eurex infrastructure to trade on Wiener Börse‘s derivatives market without any significant technical investment. This will
LGT Capital Partners, an alternative assets and fund of funds manager, is launching its Crown Managed Futures Ucits Fund to offer a broader range of investors access to its flagship managed futures strategy.
LGT has been investing in managed futures since 1996.
Crown Managed Futures, its flagship managed futures fund, has assets under management of USD670m. It has delivered an annualised gross return of 10.5 per cent since launch in October 2000, compared to -2.1 per cent for the MSCI World Index , showing almost zero correlation to equities.
Regulatory approval has been obtained and the fund is scheduled to
Sixty one per cent of hedge funds in RBC Dexia Investor Services’ latest survey believe greater governance of alternative investments could result in an increased allocation to the sector, with a significant number of alternative fund launches, both on and offshore, expected in the coming months.
The poll defined governance as including structure, independent valuation, transparency and third-party control.
Respondents were divided on the notion that increased regulation could affect asset allocation – just over half (52 per cent) either thought it had no impact (40 per cent) or had no opinion (12 per cent). However a significant minority
Advent Software, a provider of software and services for the investment management industry, has received two awards from Hedgeweek for its portfolio management and fund accounting solution Geneva.
Geneva was named Best Managed Account Platform Technology and Best Fund Accounting and Reporting System.
Geneva offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
"We continue to enhance the depth and breadth of Geneva, and the new middle office functionality that we’ve been adding to the product particularly shows Advent’s growing commitment to the
SolarField Investment Management has been formed to provide investors with access to the attractive long-term yields available on investment in government incentivised electricity generating solar photovoltaic installations across the EU.
Based in London, SolarField is preparing to launch a series of investment funds which will invest in a pipeline of identified electricity generating installations in Italy, Germany and Spain.
The funds will invest in both existing operational installations and development opportunities.
Initial yields net of all management charges are estimated at a minimum nine per cent p.a. on an ungeared portfolio with targeted returns of 16 per cent.
The
SEI has launched an online guide that details the key features and requirements of the investment product packaging options predominant in today’s market.
The Global Asset Management Product Guide is designed to help investment managers understand and compare a broad range of potential investment vehicles so they can target additional growth opportunities in light of investors’ increasing demand for flexible product packaging options.
SEI created the guide with the help of several distribution consultants and legal experts in the US and Europe.
It details the key features of a wide range of investment vehicles, including the regulatory, operational, and distribution
The combined fortunes of the top three hedge fund managers in the 2010 Sunday Times Rich List have grown by GBP1.15bn in a single year.
The Rich List league table of Britain’s 25 wealthiest hedge fund managers is headed by Louis Bacon, the London-based Moore Capital manager, who gains billionaire status in the 2010 Rich List with a 69 per cent rise in his fortune.
Now worth GBP1,100m, Bacon becomes one of the 50 richest people in the country, moving 14 places up the list of Britain’s wealthiest 1,000 to be ranked 49. In 12 months, Bacon has added GBP450m
The Morningstar 1000 Hedge Fund Index rose 2.8 per cent in March, while the currency-hedged Morningstar MSCI Composite Index increased 2.3 per cent.
For the quarter, these indexes ended up 1.6 per cent and 2.5 per cent respectively.
Hedge fund returns were bolstered by a global equity market rally in March. The MSCI World Stock Index climbed 6.0 per cent, as stock markets in Europe, Asia, the US and emerging countries all showed substantial gains.
Hedge funds in Morningstar’s database appeared to be hedged similarly in March as they were in November 2009, when hedge funds captured only a small
The Australian Securities and Investments Commission has released regulatory guidance to assist with compliance with new legal requirements under the Corporations Act 2001 and Corporations Regulations 2001 in relation to short selling.
ASIC’s guidance is contained in a revised version of Regulatory Guide Short selling 196, which clarifies the legal position about what short sales are permitted, as well as specific reporting and disclosure obligations.
It contains an overview of short selling concepts and new provisions in the Corporations Act as a result of the changes to the legislation about short selling, and various relief that ASIC has granted in
