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Derivatives marketplace CME Group has appointed Derek Sammann, an executive with 20 years of global derivatives industry experience, to its management team as managing director, financial products and services.
Sammann (pictured) will report to Rick Redding, managing director, products and services, effective immediately.
Sammann will be responsible for leading the development, execution and management of CME Group’s interest rate, equity and FX product lines. He previously served as managing director, global head of foreign exchange products since joining CME Group in 2006.
"CME Group continues to expand its core business and customer base around the world, with our broad suite
Navatar Group is offering two for one promotion pricing for its buy side and sell side cloud computing solutions running on the Force.com platform.
The pricing includes both the Navatar service and the underlying Force.com seats.
"Financial firms need a better way to manage their operations now more than ever but are crunched for cash," says Alok Misra, Navatar principal and co-founder. "Now, thanks to our promotion, twice as many professionals at these firms can use our service, running on Force.com, the leading cloud computing platform."
The promotional first year pricing applies to new customers for Navatar Group’s financial services
Hedge fund performance, as measured by the HFRX Global Hedge Index denominated in US dollars, shows an upturn so far this year of close to nine per cent, according to a report by SEB.
The same index expressed in euros has risen by about six per cent.
SEB says this upturn is heartening, especially after last year’s difficulties. The stability and liquidity of the market have improved noticeably, and one result is that valuations have continued to climb.
Despite the rebounds that have occurred this year, the price anomalies that arose in connection with last year’s financial crash have not
Ted Wilson, Associate Partner with the UK-based wealth manager St. James’s Place, examines the role of investment bonds as a portfolio diversification and tax structuring tool for investors.
Wealthier and more sophisticated investors in the UK, particularly those working in financial services, tend to have strong views on where they want to put their money. They are also likely to favour complex pooled investments like hedge funds, and many may be resident in the UK but domiciled elsewhere for tax purposes. It is therefore surprising that many of these players do not take advantage of the highly-evolved structures that are
BTIG, a broker dealer specialising in institutional trading and related brokerage services, has expanded its capital introduction team with the addition of Jennifer Bloom and Catherine Wagner as vice presidents.
The capital introduction team, which is led by Peter Tarrant, managing director and head of business development at BTIG, works with a range of managers and has a particular expertise in new and emerging hedge fund managers.
Through the firm’s network and existing client base of over 1,200 institutional clients, the capital introduction team looks to provide clients with effective and targeted introductions.
“Our ability to offer our prime brokerage
Jersey Finance has officially launched its office in Hong Kong to support the promotion of Jersey as an international finance centre in the Asia Pacific region.
The main role of the Hong Kong office is to act as a hub for Jersey Finance to communicate its financial services across the Asia Pacific region.
It becomes a permanent base for Jersey’s finance industry to develop its contacts with financial intermediaries, regulators and government officials both in Hong Kong and mainland China.
Zhaoan Li (pictured), head of Jersey Finance’s Greater China business development will be based in the new Hong Kong office.
Derivix, a financial software company providing options pricing, portfolio risk visualization and analytics solutions, has appointed Carrick Pierce as its president.
In this newly created position, Pierce will oversee business development, product strategy and global sales to support Derivix as it continues to grow in the US options marketplace.
Before joining Derivix, Pierce served as the chief information and technology officer at Parallax Fund, a trading firm that specialises in relative value volatility trading.
“Carrick has the rare combination of quantitative strategy and technology know-how that’s critical to address the quickly evolving options marketplace,” says Jonathan Weedon, chief executive and
Allonhill, a Denver-based national mortgage due diligence and credit risk management firm, has hired Mike Hartman to serve as director of sales.
Hartman, who most recently served as a vice president for JP Morgan Chase, will oversee the sales department, in addition to developing and building client relationships for the company’s due diligence and credit risk management services.
“Mike will play an instrumental role in the continued growth and success of Allonhill,” says Sue Allon (pictured), chief executive and founder of Allonhill. “Hiring the industry’s top talent is critical to our mission to re-invent the mortgage due diligence.”
Institutional investors around the world would support new regulations on high-frequency trading, but much of this support appears centered on specific practices such as the use of flash orders, a survey by Greenwich has revealed.
The survey results show that when it comes to the broad issue of whether high-frequency trading strategies are placing traditional long-only institutional and retail investors at a disadvantage, institutions are deeply divided.
This is because there is little empirical data to demonstrate whether high-frequency trading benefits the market as a whole by providing liquidity or unfairly increases trading costs for investors.
Even some of the
