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Trading firm First New York Securities has launched EFX Prime Services to offer prime brokerage-related services to fund managers and active traders.
In conjunction with launch, EFX will increase its commitment to be an active allocator to emerging and established funds.
The service offering will include: multi-prime capability; trading infrastructure and related services via direct market access platforms, proprietary trading platforms and sales desks; capital introduction calendar and marketing support services; and direct allocations to fund managers via the EFX Managed Accounts Platform.
First New York managing partner Donald Motschwiller says: "First New York is excited to announce the launch
Deutsche Börse Systems is developing an ultra low latency infrastructure from Frankfurt to Paris, Amsterdam, New York and Chicago.
The new design will enable these markets to connect to Deutsche Börse, Eurex and Xetra trading systems as well as to external clients and partners with ultra low latency.
Latencies under 3.3 milliseconds will be achieved for the Frankfurt-Amsterdam connection, under 4.5 milliseconds for Paris, under 40 milliseconds for New York, and under 49 milliseconds for Chicago.
The connections combine the shortest geographic routing paths with different routing options and the latest optical transmission techniques.
“With the rapid expansion of its
NYSE Technologies, the commercial technology unit of NYSE Euronext, has launched a new class of indications of interest solution for traders seeking faster liquidity discovery.
Unlike traditional IOI services that limit how buy-side traders can view IOI and advertised trade data, ioinet v2 gives traders the flexibility to create personalised perspectives on this information.
The platform has been built to integrate additional trading analysis data and services from NYSE Technologies and third parties.
With the ability to sort and filter IOI and AT data across a wide range of custom charting techniques and “heat maps”, traders can build, save, and
Nexar Capital Group, an alternative investment manager, has appointed Russell O’Brien as a managing director – institutional sales and consultant relations, North America.
O’Brien was previously at Russell Investments, where he was a director of alternative investments.
Prior to Russell Investments, O’Brien was head of North American sales and marketing for Credit Suisse’s transition management business.
In his 23 year career, O’Brien has developed relationships with endowments and foundations, corporations, public funds and Taft Hartley organisations, as well as consulting firms.
“We are pleased to welcome Russell to Nexar,” says chief executive Arié Assayag. “The deep experience Russell has in
This year will see greater market discipline from investors and an increased focus on due diligence by providers and custodians, according to speakers at a seminar hosted by offshore law firm Walkers.
Greater allocations to hedge funds were anticipated at the expense of equities, while the latest regulatory waves and the next likely bubbles in the market were also debated.
Joel Press, managing director of Morgan Stanley’s prime brokerage division, Todd Groome, non-executive chairman of the Alternative Investment Management Association, and Gregory Zuckerman, author and special writer with The Wall Street Journal, were among those offering their predictions.
"In today’s
Following a market sell-off in the second half of 2008, commodities recovered to deliver positive performance in 2009, according to Credit Suisse.
The firm believes that signs of economic stabilization and indications of growth in emerging markets may continue to drive demand and increased commodity prices through 2010.
Andrew Karsh, co-lead portfolio manager for the Credit Suisse total commodity return strategy, says: "One of the most frequently discussed themes in the commodities space in 2009 was the relationship between commodities and inflation. While official inflation expectations continue to be low, unprecedented government stimulus and swelling government debt loads in the
Sibex has signed a sub-licence agreement with CME Group and Dow Jones Indexes to launch a futures contract based on the Dow Jones Industrial Average.
Derivatives marketplace CME Group owns the exclusive licence to trade US dollar denominated futures and futures-options contracts based on the DJIA.
The DJIA futures contract listed on the Sibex market will be denominated in US dollars and Romanian Leu, will have the multiplier of one and quarterly maturities up to 12 months.
The product is dedicated mainly to Romanian investors and will complete the range of financial instruments available on the Romanian capital market.
"We
Having tracked European steel sheet prices on a monthly basis for over 25 years, Cru will be introducing weekly assessments for Germany, France, Italy and Spain from February 2010.
Paul Scott, a steel analyst with Cru, says: “The migration has been partly market driven. Given the increased price volatility seen since 2004, steel market players increasingly need to manage their price risk, and weekly assessments allow this to be done more efficiently”.
Cru’s assessments of US Midwest prices are already used in the settlement of CME’s US Midwest Hot-Rolled Coil Steel Futures Contract.
Scott says the increased frequency of
Following a market sell-off in the second half of 2008, commodities recovered to deliver positive performance in 2009, according to Credit Suisse.
The firm believes that signs of economic stabilization and indications of growth in emerging markets may continue to drive demand and increased commodity prices through 2010.
Andrew Karsh, co-lead portfolio manager for the Credit Suisse total commodity return strategy, says: "One of the most frequently discussed themes in the commodities space in 2009 was the relationship between commodities and inflation. While official inflation expectations continue to be low, unprecedented government stimulus and swelling government debt loads in the
Investment adviser HNW Alternative Investments has launched its turnkey alternative investment programme, or TAIP, which builds tailored portfolios through registered investment advisers, family offices, broker-dealers, certified public accountants and turnkey asset management programmes.
Its first offering is CustomHedge Portfolio Services, which uses an analytical process to determine client needs and provide customised separately managed accounts to optimise the portfolio using institutional hedge fund managers.
"Our mission at HNW Alternative Investments is to help advisers and qualified investors create more efficient portfolios," says Ed Butowsky (pictured), co-founder of HNW Alternative Investments. "Our turnkey solution is an extension of the adviser’s practice;
