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Macrobond Financial, a provider of economic and financial data and analytics, has appointed Larry Neiman as Director of Business Development, effective 1 November.
Swedish asset manager Brummer & Partners’ flagship multi-strategy hedge fund vehicle edged into positive territory in September, as stock market highs earlier in the month rapidly reversed amid renewed volatility, and commodity prices surged higher.
The Brummer Multi-Strategy (BMS) vehicle – which comprises nine hedge fund strategies spanning equity, macro, trend-following and more – saw its SEK-denominated share class rise 0.5 per cent last month, and 0.4 per cent in its USD class. However, on a year-to-date basis the fund is still down 0.4 per cent following losses earlier in the year.
Meanwhile, the BMS 2xL twice-levered version was up
State Street Corporation’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service.
This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
By leveraging IMEM & MM, State Street’s Collateral+ business will now enable clients to more efficiently comply with Unclear Margin Rule (UMR) regulations, via proven industry-leading solutions. By integrating Acadia’s services onto the Collateral+ platform, State Street’s clients will avoid and resolve disputes for SIMM/Grid calculations, and increase their operational efficiency by providing standard calculation, reconciliation and straight-through margin processes. This latest
Cboe Global Markets, a provider of global market infrastructure and tradable products, has expanded its Data and Access Solutions leadership team to successfully position the business for further global growth.
Bo Chung, a long-time veteran of the financial services industry, has joined the company as Senior Vice President, Global Sales and Index Licensing. In this role, Chung will be responsible for overseeing the strategic growth and adoption of Cboe’s holistic Data and Access Solutions offering.
Catherine Clay, Executive Vice President, Global Head of Data and Access Solutions, says: “For many years I have admired Bo’s impressive track record of success
Sentieo, a financial research platform provider, has expanded its presence in the European market and doubled its team in the United Kingdom.
The growth is driven by increasing demand for the company’s AI-driven financial research platform and represents a firm commitment to more than 50 active customers in the region, including Schroders, Kames, SW Mitchell, Cape Capital, Amiral Gestion and Ownership Capital. The London-based team has been bolstered by the addition of a Director of UX Design, a Director of Product, and three sales and client success executives, with the expectation to double the sales team again over the next
Itiviti, a Broadridge Financial Solutions company, has integrated its NYFIX Matching solution with the portfolio, order, and investment management system from Broadridge.
“The post-trade space has historically been defined by manual processes, but given shrinking technology budgets, many firms have been unable to address these challenges,” says Ray Tierney, President of Itiviti, a Broadridge business. “Now, less than six months after being acquired by Broadridge, Itiviti can deliver our automated NYFIX Matching solution for trade allocation, confirmation and affirmation to a far greater number of clients, helping them save money and expedite trade matching. This integration is a testament to
The European Energy Exchange (EEX) has registered its first trades in the new long-term Power Futures contracts.
On 5 October 2021, EEX registered a 10 MW transaction in EEX Spanish Power Futures for the delivery in the calendar year 2028 (which corresponds to a volume of 87,840 MWh) as well as for the delivery in 2029 (which corresponds to a volume of 87,600 MWh) with Audax Renovables SA being active as one of the counterparties trading via Renta 4 Banco SA.
Steffen Köhler, Chief Operating Officer of EEX, says: “We decided to offer our customers the opportunity to trade Power
A ‘patriotic bias’ towards London-listed stocks has increased among UK hedge funds during the Covid-19 pandemic, and is stifling managers’ efforts to diversify portfolios, according to a new industry survey.
EEX Group’s Global Power volume amounted to 772 TWh (+45 per cent y-o-y). Volumes increased after many traders returned from an extended summer break to observe increasing levels of volatility on the world markets.
European Power Derivatives exceeded the mark of 500 TWh which is the highest monthly volume in this year and an y-o-y increase of +44 per cent.
New monthly records in German (+57 per cent), Nordic (+104 per cent) and Greek Power Futures (+ 1,388 per cent) also resulting from daily records.
Greek Power Futures recorded 7 TWh traded this year which more than double the 2020
Jeremey Gzaiel has joined United Fintech’s London-based team as Senior Sales Executive, with a remit to grow the firm’s client base in French speaking territories.
Gzaiel brings a wealth of institutional sales experience to United Fintech, which helps banks, hedge funds and asset managers to accelerate their transition to a digital world through access to fintechs specialising in capital markets. He joins from JP Morgan, where he specialised in Emerging Markets Sales, helping institutional clients with solutions in credit, FX and equity derivatives. Prior to that, he worked at Commerzbank in Cross Asset Solutions Sales.
As a native French speaker,
