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CME Group has reported its October 2021 market statistics, showing average daily volume (ADV) increased 32 per cent to 20.4 million contracts during the month.
Erik Norland, Senior Economist, CME Group, says: “Amid continued supply chain disruptions, rising inflation and continued labour shortages, the past month we have seen a sharp change in investor expectations regarding future rate hikes in both the UK and the US.
In the UK investors now anticipate a BoE rate hike as soon as 4 November. Meanwhile, in the US, market participants trading Fed Funds Futures anticipate that the Fed could hike rates one
Bitfinex Derivatives will launch perpetual contracts for solana, bitcoin (SOLF0:BTCF0), avalanche, bitcoin (AVAXF0:BTCF0) and cosmos (ATOF0:USTF0).
SOLF0:BTCF0, AVAXF0:BTCF0 and ATOF0:USTF0 will go live on 02/11/21 at 13:00 PM CET. SOLF0:BTCF0 and AVAXF0:BTCF0 will be settled in bitcoin. ATOF0:USTF0 will be settled in tether tokens (USDt). All of the contracts offer users up to 100x leverage.
“We’re delighted to announce the addition of Solana, bitcoin and Avalanche, bitcoin, along with Cosmos, to the growing portfolio of perpetual swaps available to trade on the exchange,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products, particularly among funds
On 2 November, AIMA is hosting a webinar to launch its Implementation Guide to the SEC’s modernised Marketing Rule.
The guide was produced with the assistance of AIMA partners ACA Group and Dechert LLP, drawing on their expertise in investment advisory consulting and legal representation.
Unlike a traditional manual to memorialise the 430-page Rule, which was published on 22 December, 2020, the Guide is designed to provide a concise overview of the requirements under the new Marketing Rule, serving as a more practical resource for AIMA members as they navigate the new regime. Focusing on the most common areas
Transaction Network Services (TNS) has invested significantly in its European backbone and data solutions in 2021, offering expanded market data from all major European equities exchanges and ultra-low latency TNS Layer 1 in-data centre architecture connected to TNS’ points-of-presence (PoPs) across Europe.
The organisation enhanced its already extensive market data portfolio adding Wiener Boerse AG, which operates the stock exchanges in Vienna and Prague. TNS is also working with Deutsche Börse to provide access to Eurex and Xetra market data for non-member organizations, leveraging its established presence at the datacentre in Frankfurt.
“This strengthening of our European backbone is
Eagle Point Credit Management (Eagle Point), a specialist investment manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has held the final close of its Defensive Income Fund.
The fund had an original target size of USD250 million, was oversubscribed and closed at its hard cap of USD300 million.
“We saw very strong demand for our defensive income strategy, which we believe provides an attractive and uncorrelated source of yield,” says Thomas Majewski, Managing Partner of Eagle Point. “This niche investment strategy capitalises on Eagle Point’s highly differentiated approach to source, diligence and acquire
Digital asset investment products saw inflows totalling USD288 million last week, bringing the total inflows year-to-date to a record USD8.7 billion, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Bitcoin saw the majority of inflows totalling USD269 million last week bring total inflows for October to USD2 billion.
The record-breaking previous week, following the US SEC permitting a Bitcoin futures ETF decision, was not repeated last week with only USD53 million of inflows from US-based ETFs.
Multi-asset investment products saw outflows totalling a record USD23 million, in what is now a three week run of outflows.
By Ashmita Chhabra and Mark Voumard – Singapore stands out as best in class as a location to do business in APAC with its political and economic stability, sound and predictable regulation, an engaged regulator, world-class infrastructure, and as an innovative financial centre with a well-developed range of service providers.
By Ashmita Chhabra – With the United Nation’s COP26 summit approaching, the need to do more to address climate change is once again in focus. As a key financial services hub in Asia, Singapore has an important role in the development and integration of sustainable finance practices into the real economy. The capital market’s ability to drive meaningful change by encouraging disclosure, stakeholder engagement and innovative green financing initiatives are all part of Singapore’s commitment.
By Tom Lin and Morgan Shubin, Clifford Chance – It has become fashionable to say that secondary transactions are now ‘mainstream’, with some market participants pointing to the flourishing GP-led segment of the market as a ‘fourth leg’ option for liquidity alongside conventional exit routes for PE assets (i.e. sale process, IPO or recapitalisation). That might not be necessarily a perfect characterisation, though we suspect it might be to a degree with some nuance. However you might characterise it, the growth in deal activity (market commentators expect transaction value to exceed USD100 billion for the first time in 2021), extraordinary fundraising, the
By Mark Voumard – The genesis of Singapore’s asset management industry development: 2021 – 2035
