Deutsche Börse is promoting a price model for its pan-European trading segment Xetra International Market which aims to offer an incentive to supply liquidity. Xetra participants that place orders and achieve a certain percentage of the trading volume in their role as liquidity providers will receive payment of 0.36 basis points (equivalent to 0.0036 per cent) on the volume executed. For all other orders executed, transaction fees amounting to 0.12 basis points will be incurred. 0.06 basis points will be payable for clearing positions. Deutsche Börse says that of all the trading venues in Europe, Xetra International Market offers the

The pace of hedge fund liquidations continued to decline in the second quarter from the record levels set in 2008, according to data released by Hedge Fund Research.  The second quarter saw 292 funds liquidate, a 22 per cent decrease from the 376 funds liquidated in 1Q 2009.  The fund attrition rate for the quarter was 3.22 per cent, compared to 4.05 per cent in 1Q 2009. After a record-setting 1,471 liquidations in 2008, 1H 2009 closures stand at 668.   The number of funds of hedge funds liquidations also declined in 2Q, albeit at a slower pace than single-manager

For all those convinced that the culture of risk embodied in hedge funds was a prime cause of the financial and economic meltdown of the past two years, yesterday’s headlines provided more than a frisson of outrage: Barclays Bank has provided a group of 45 departing employees with some USD12.6bn to take a bundle of “toxic assets” off its hands through an investment vehicle in the Cayman Islands.  With up to USD450m in backing from two hedge funds, the former Barclays bankers have set up C12 Asset Management in New York, which in turn will manage the portfolio of assets

The RBC Hedge 250 Index had a net return of 1.65 per cent in August, bringing year-to-date returns to 14.90 per cent, according to RBC Capital Markets.

Citi has been awarded a mandate by Twin Haven Capital Partners to provide the alternative asset management firm with a portfolio of back- and middle-office administration services, incl

Investors’ optimism consolidated last month after its surge in August, with portfolio managers reassessing their positions to gradually embrace the current global economic recovery, acc

Russell Investments has described the equity market rally across Asia as ‘breathtaking’, but has questioned its speed and size and whether Asia is now more vulnerable to any disappointm

Barbara Ridpath, chief executive of the London-based International Centre for Financial Regulation, argues that with members of the financial indus

Guernsey is ramping up the promotion of its finance industry in a bid to capitalise on the slowly emerging global economic recovery.