Solutions
It’s June, which means hurricane season is upon us, and it’s time to shore up business contingency plans. As we all remember, many firms in New York and New Jersey were impacted by Hurricane Sandy back in 2012, and since then, focus on business resiliency and continuity has increased dramatically. If you’re an emerging manager just embarking on your first BCP plan or it’s time to review and update your existing plan, here are eight tips to keep in mind as hurricane season begins.
1. Determine how/where your employees will work in the event of a weather scenario.
Some firms
Eze Software, a provider of investment management technology, is investing in its EMEA operation and has appointed David Quinlan (pictured), an 18-year veteran of Eze Software, Executive Managing Director, EMEA.
Quinlan will be leading EMEA business development, sales and client services in the region, focused on the needs of the growing number of EMEA clients in the MiFID II environment. Quinlan joined Eze in 1999, and has held a number of critical executive roles across the organisation, serving most recently as head of strategy.
“I couldn’t be more excited for the opportunity to lead the EMEA business for Eze. We
Fintech company Red Deer and Convergex’s Westminster RPA are working together to provide an end-to-end MiFID II solution for the asset management industry.
Westminster Research Associates is a broker-dealer specialising in providing full-service custodial aggregation solutions and access to an extensive network of independent research to the institutional investment community. Convergex is an agency-focused global brokerage and trading related services provider.
Together, Red Deer and Westminster RPA will enable clients of both companies to benefit from a research valuation and payments process that allows asset managers to remove any scope for conflict by valuing and paying for research
Global advisory and fund administration firm Maitland has appointed David Hathorn, until recently the CEO of FTSE 100 packaging and paper giant Mondi, to the firm’s board as a non-executive director.
Hathorn (pictured) will also act as chairman of the audit and risk committee of Maitland International Holdings.
The appointment comes amid a period of growth for Maitland, which recently expanded its reach to 17 offices globally. It follows the 2015 non-executive director appointment of Maureen Erasmus, an advisory partner at global management consultancy Bain & Company.
Hathorn career spans some 30 years, 25 of which were
The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to Eurex Zurich, a foreign board of trade (FBOT) in Switzerland, allowing the company to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
Eurex Zurich’s application for registration included representations that its regulatory regime under its regulatory authority, the Swiss Financial Market Supervisory Authority (FINMA), satisfies the requirements for registration under CFTC regulations.
After reviewing the FBOT’s application, the CFTC determined that Eurex Zurich has demonstrated its ability to comply
Global independent fund administrator Apex Fund Services has become the first administrator to receive in principle approval from the ADGM to carry out regulated activity in the jurisdiction.
Under the in principle approval, the grant of financial services permission to act as the administrator of a collective investment fund in the ADGM is subject to final regulatory review of certain pre-conditions being fulfilled.
Having recently acquired Equinoxe Alternative Investment Services, with the backing of Genstar Capital, Apex has stepped up to be ranked one of the world’s top 15 largest fund administrators. The group was founded in 2003
Nasdaq and Astana International Financial Centre JSC (AIFC) have signed a new agreement for the development of Kazakhstan’s nascent stock exchange, the AIFC Exchange.
The exchange is targeted to launch in late-2017 and will initially trade equities and fixed income with other asset classes for future phases.
Within the framework of the agreement, the Nasdaq Matching Engine will be implemented and go through several rigorous testing and acceptance stages before official deployment. The Nasdaq Machine Engine is the most widely-used matching engine in the world that combines extraordinary performance with extensive functionality to cost-effectively meet current and future business and
Systematic Alpha Management (SAM) has been trading the Systematic Alpha Intraday Program live on the dbSelect platform.
The programme carries no risk, positions or margin overnight.
“The intraday program is a unique investment offering which, in contrast to most CTAs, generates its trading signals based on the changes in volatility in a particular market, as opposed to price changes,” says Peter Kambolin, SAM’s CEO.
“One of the reasons our returns are often negatively correlated to other managers is because the intraday program avoids having any risk overnight, which on average represents up to 40 per cent of
Instinet has launched RQ Connect (Research Quality Connect), a provider-neutral application within its research payment and commission management platform, Plazma.
RQ Connect enables research procurement management (RPM) systems to transfer research quality assessment data to Plazma. Investment managers can review, edit and confirm this information on their desktop, and seamlessly authorise payments, notably through Instinet Europe’s certified Payment Institution license in Europe.
RQ Connect unifies outside evaluation and budgeting processes with the established payment processes of Plazma.
“Instinet is committed to innovating and adding value for clients, which means giving them options. RQ Connect offers clients the
By Bob Shaw (pictured) – As cyber threats continue to mature and firms become increasingly dependent on third-party service providers and Internet applications to support operations, they not only begin to benefit from greater efficiencies and advanced technologies, but also open themselves up to more security vulnerabilities. Investment firms need to evaluate all risks that pose potential threats to their firm and leverage the safeguards necessary to protect themselves, clients, partners and their assets.
“Cybersecurity threats vary in scale, motive and target, and it may not be realistic for your firm to employ every cybersecurity technology available in the cyber space.
