Solutions
Avelacom, a provider of infrastructure and connectivity solutions for trading, has expanded its network to Riyadh with the aim of allowing global capital markets to access low-latency, real-time market data feeds across various asset classes of Saudi Stock Market (Tadawul).
This market data solution is designed in response to a high demand from the global financial communities to find new sources of liquidity, diversify portfolios, while reducing costs and mitigating risks. Saudi Arabia continues to liberalise markets. Its latest improvements to further align Tadawul with international standards draw attention of global financial firms. And that eventually leads to an increased
CBOE Holdings anticipates trading in options on Altice USA will begin on Friday, 30 June, once the underlying stock has been certified as meeting all of CBOE Holdings’ applicable exchanges’ listing criteria.
The company plans to list Altice USA options on its four options exchanges – Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), Bats’ BZX Options and Bats’ EDGX Options.
Underlying shares of Class A common stock of Altice USA began trading on the New York Stock Exchange (NYSE) June 22 after an initial public offering on Wednesday, 21 June, in which they were priced at
The US Commodity Futures Trading Commission (CFTC) has confirmed its non-objection for Euronext to grant direct trading access to US participants on the CAC 40 Dividend Index Futures and the AEX Dividend Index Futures.
Effective 13 June 2017, Euronext participants and investors domiciled in the US now have direct trading access to Dividend Futures on these two blue-chip European indices.
After achieving 100 per cent growth in volumes traded in 2016[2], the CAC 40 Dividend Index Future continues to reach new trading milestones in 2017. From January to May 2017, the number of contracts traded was up by nearly
CIBC Asset Management has launched the CIBC Active Global Currency Pool for institutional investors seeking an uncorrelated source of alpha in a liquid, absolute-return solution for their alternatives portfolios.
“We are excited to launch the CIBC Active Global Currency Pool, which leverages our 20-year track record managing active currency strategies for institutional investors,” says Doug MacDonald (pictured), CFA, Managing Director & Head, Institutional Asset Management, CIBC Asset Management. “Capitalising on our deep expertise and unique approach to currency management, the Pool is designed to diversify a plan’s risk profile and deliver liquidity to an alternatives portfolio that is typically dominated
Sanne has appointed Sean Murray as its new head of fund services for the EMEA region.
Based in Sanne’s Luxembourg office, Murray will take responsibility for the development of the company’s fund services offering, working with all of the Alternative Asset product area divisions in which Sanne specialise. Murray has joined the firm from Orangefield in Luxembourg, where he was managing director and a member of the global alternative investments management board. He also sat on the board and management team of Vistra Luxembourg after Orangefield began a merger with Vistra Group in June 2016.
Martin Schnaier, Sanne’s managing director
TORA, provider of a cloud-based order and execution management system (OEMS), has joined the London Stock Exchange Group’s UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II.
When MiFID II comes into force in January 2018, buy-side firms will be required to submit transaction reports directly to the regulators or through Approved Reporting Mechanisms (ARMs). UnaVista is an ARM that can help firms comply with all reporting obligations, avoid reporting errors and assist in the analysis of over- and under-reporting.
As a UnaVista partner, TORA clients will have “plug and play” integration and comprehensive
GPP has formed a joint venture with Edgefolio to provide a Capital Introduction service to its prime brokerage clients. Edgefolio’s platform connects investors and hedge funds, creating technology-driven solutions for a traditionally conservative and fragmented industry.
Sean Capstick (pictured), GPP Head of Prime Brokerage, says: “As the leading provider of prime brokerage services to the small and mid-sized hedge fund we are constantly asked how we can work with our clients to help them raise assets. Edgefolio offers a market-leading technology solution to connect investors and fund managers. Our partnership will now help our clients achieve their ambitions.”
Leopold Gasteen, Founder
Velocity Trade, an equity, foreign exchange and precious metals broker dealer, has opened a new office in Johannesburg.
“Our Cape Town office was established in early 2011 and has grown substantially over the last 6 years in line with our South Africa business. The Johannesburg office will support the firm’s growth plans in the region as we broaden our product offering,” says Simon Grayson, Velocity Trade Group CEO.
“Our Johannesburg operation will enable us to provide local service to our clients and support the roll out of new product lines to both local and international clients,” says Daniel
A new survey by RSRCHXchange shows a significant slippage in terms of timing for MiFID II compliance, with the vast majority of asset managers leaving this until Q4 or later, despite the regulations coming onto effect in January 2018.
In Q2 2016, just over 50 per cent of respondents expected to be MiFID II compliant during the last quarter of 2017 or early 2018. Half-way through 2017, this number has grown, with 85 per cent of respondents, who knew their compliance date, expecting to become compliant by Q4 or later.
That’s not to say that funds haven’t begun the
Melqart Asset Management, a London-based alternative investment management firm, has implemented Watson Wheatley’s iRecs reconciliation solution.
Specialists in securities reconciliation, Watson Wheatley have used their own in-house implementation team to interface with Bloomberg AIM and external data sources to provide a comprehensive daily solution. The fully automated system allows total control and remediation of daily breaks as well as comprehensive integrity checking of position and cash movements against underlying transactional data.
James Austin, Head of Operations at Melqart Asset Management, says: “iRecs has become an integral part of our control environment, replacing existing manual processes and enabling us to
