Solutions
Money market funds with a shorter settlement period of T+1 are now tradable via Deutsche Börse’s Xetra.
These products are the first class of securities for which transactions are settled on the trading day following order execution.
All other classes of securities in exchange trading currently have a settlement period of T+2. The new offering addresses the particular trading and settlement conventions of money market funds.
The five money market funds were issued by BlackRock Institutional Cash Series plc and invest in a broad spectrum of fixed income securities and money market instruments with short term maturities. The
The number of Jersey-registered fund managers marketing into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD) continued to rise during 2016, according to the latest figures from the Jersey Financial Services Commission (JFSC).
As at December 2016, 127 alternative investment fund managers (AIFMs) had been authorised in Jersey to market into Europe through NPPRs, up more than one fifth (22 per cent) compared to December 2015.
Over the same period, the total number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPRs also increased significantly to stand at 254,
The California Hedge Fund Association (CHFA) has adopted the California Alternative Investments Association (CalALTs) as its new brand name.
The 1,200 member organisation, which focuses on fostering growth and advancing the development of California’s alternative investment community, rebranded in response to the strong demand from a broader group of alternative investment managers and a new focus on bringing together and serving a wide range of alternative investment managers across the state of California and beyond.
“As California continues its exponential growth as an alternative investing hub, we have expanded our mandate to represent the interests of, and foster growth
The London Metal Exchange (LME) and LME Clear have announced a competitive fee schedule for their precious metals contracts, with nine LME clearing members having already expressed their intention to trade and clear the contracts.
The LME developed the LMEprecious fee schedule together with its partners – the World Gold Council, Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale – following discussions with a broad range of potential new users of the contracts.
“We believe that our trading and clearing fees for LMEprecious are price leading in the precious trading and clearing space, which we
Turquoise has extended the QuantHouse real-time primary market data feeds to its Turquoise Plato midpoint matching services, including Turquoise Plato Block Discovery, to cover securities of 18 European countries, including those recently added emerging markets Czech Republic and Hungary.
Dr Robert Barnes, CEO Turquoise, says: “QuantHouse provides bid and offer prices from primary markets which Turquoise references within its Turquoise Plato order book innovations such as Turquoise Plato Block Discovery, Turquoise Plato Uncross, and Turquoise Plato Dark Lit Sweep that offer investors benefits of potential price improvement when trading using a midpoint reference price for a better result on a
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 163.6 TWh in February 2017, driven by strong volumes especially on the futures segment with 92.6 TWh, and a solid debut for the time spread instruments.
Spot trading volumes in February reached 71.1 TWh , which represents an increase of 11 per cent compared to the previous year (63.9 TWh).
The Dutch market area TTF registered another strong volume with 19.3 TWh, a growth of 10 per cent compared to last year (17.6 TWh). The German delivery zones recorded a total volume of 28.5 TWh
A total of 6,151 contracts were traded in agricultural products at the European Energy Exchange (EEX) in February, more than double the 2,911 contracts traded in February 2016.
On the derivatives market for processing potatoes, the volume increased by 149 per cent to 4,395 contracts (equal to 109,875 tonnes) while the derivatives market for dairy products increased by 53 per cent to 1,759 contracts (equal to 8,870 tonnes).
The EEX reached a volume of 200.8 TWh on its power derivatives markets in February 2017 (February 2016: 300.3 TWh).
In a shrinking overall market, EEX reached a volume of 22.1
IHS Markit’s new Hub Horizon corporate event data service, which is powered by Wall Street Horizon’s event data, has officially launched.
Markit Hub Horizon provides accurate and reliable forward-looking corporate event dates and information on over 5,000 North American and 7,000 international companies.
More than 20 event types are covered, including earnings dates, dividend dates, splits and investor related conferences. The data helps investment managers avoid surprises, save time and make more informed investment decisions.
The Hub Horizon data is available alongside several other datasets within Markit Hub, which provides a centralised interface for managing sell-side and independent
The European Power Exchange EPEX SPOT and European Commodity Clearing (ECC) have been chosen by the Irish transmission system operators EirGrid and SONI as service providers for the Integrated Single Electricity Market in Ireland (I-SEM).
Together, they will support EirGrid and SONI to set up the new local power exchange SEMOpx which will operate the Day-Ahead and Intraday markets in Ireland.
The product offering will comprise a Day-Ahead auction coupled with the rest of Europe and continuous and auction intraday markets.
The project partners envisage to launch all markets by mid-2018. In its capacity as a central counterparty,
Roy Niederhoffer (pictured) graduated magna cum laude from Harvard with a degree in Computational Neuroscience in 1987 and has seen a lot of quantitative hedge funds come and go since 1993, when he established RG Niederhoffer Capital Management Inc, a quantitative trading advisor that employs a short-term contrarian investment strategy taking its inspiration from the field in which Niederhoffer studied.
Niederhoffer will be sitting on the panel Artificial Intelligence – should we unplug man from the machine? at next month’s Amsterdam Investor Forum. In his view, whilst it is clear that in some domains machine learning and artificial intelligence is starting
