Solutions
From January 2017 two representatives of foreign collective investment schemes – Acolin Fund Services (Zurich) and Hugo Fund Services (Geneva) – will cooperate more closely in advising asset managers on cross-border fund distribution.
While Hugo Fund Services has focused on alternative investment providers since it was founded in 2014, Acolin Fund Services gives particular support to mutual fund providers, in addition to its work in fund registration and representation, including sales support.
Since it is increasingly difficult to access investors in the context of cross-border distribution of investment funds due to increasing regulation (MiFID II and FIDLEG), the two
Bats Global Markets has launched the Bats Auction Mechanism (BAM), providing price improvement opportunities for customer orders.
The company began rollout of the new functionality on the EDGX Options Exchange on 4 January and completed it, with no disruption to customers, on 10 January.
The company’s two US options exchanges, EDGX and BZX, set a combined market share record for full-year 2016 with 11.1 per cent vs 9.6 per cent in 2015, while remaining the market leader in single-leg equity options trades with 17.4 per cent market share.
“We’re pleased to announce this functionality, in response to significant
Guernsey's funds sector stands to benefit from pressure on legal fees from fund managers and investors because of lower overheads and costs in the jurisdiction, says Ogier group partner Craig Cordle.
Cordle (pictured), who joined the Guernsey investment funds team at the end of last year, says that because costs in Guernsey tend to be lower than those charged by London firms, the island could get a boost from a current price squeeze trend from managers and underlying investors.
Figures from the Guernsey Financial Services Commission show that the 12 months leading up to June 2016 saw a 12.3
By Maree Martin, Gene A DaCosta & Craig T Fulton – On 16 December 2016 the Cayman Islands Government enacted The Mutual Funds (Annual Returns) (Amendment) Regulations, 2016 (the Amendments).
Pursuant to The Mutual Funds (Annual Returns) Regulations, 2006 (as amended) (the Existing Regulations), all funds regulated under the Mutual Funds Law of the Cayman Islands are required to submit to the Cayman Islands Monetary Authority (CIMA), a fund annual return (FAR) within six months of the fund’s financial year end. The FAR contains financial and operational information in respect of the fund and other general information as set out in the
Within days of first use investors and banks have expanded the coverage of Ipreo's Investor Access solution to an Asian issuer in Euros, with a five-year EUR-denominated EMTN transaction executed for Sumitomo Mitsui Financial Group.
BNP Paribas has also collaborated with another sponsoring bank to present a jointly agreed set of deal terms to the first continental based investor client, speeding structured communication of deal demand. BNP Paribas took the lead in using Investor Access to help execute a deal also led by Barclays, Goldman Sachs, and SMBC.
"We're delighted to have started offering this new facility and look forward
PEGAS, the pan-European gas trading platform operated by Powernext, is to introduce time spread contracts on its futures markets on 24 January.
The new products will be available through the Trayport Global Vision trading platform, as well as the straight through processing (STP) registration service for OTC trades, on all PEGAS hubs (CEGH VTP, ETF, GASPOOL, NBP, NCG, PEG Nord, PSV, TRS, TTF, ZEE and ZTP).
PEGAS currently offers location spread products between its Austrian, Belgian, Danish, Dutch, French, German, Italian and UK market areas.
The new products will enable PEGAS members to trade two contracts of the
Exchange Data International (EDI), a provider of global security corporate actions, reference data and end-of-day pricing, has launched a Worldwide Cost Basis service (WCB).
The WCB service has been designed to enable users to track both a security’s cost basis, its evolution and all its descendant’s cost basis and evolution up to the current date.
The service includes all events that affect cost basis and the number of units. The WCB information is delivered via FTP, either via exchange or on a portfolio basis.
The events covered by the WCB service are: bonus; merger; capital call; return of
Linedata has launched a new version of its fund accounting solution, Linedata Mfact.
Based upon client feedback and an evaluation of market trends, Linedata Mfact offers a range of improvements designed to deliver increased operational efficiency and compliance with stringent regulatory requirements.
The new release offers greater integration with Linedata’s business process management tool, Linedata Optima, which offers customisable tools that sit across Linedata’s suite of fund services products. This increased integration is designed to automatically bring areas of potential concern and improvement directly to the users’ attention, without the need for detailed examination of reports, as well as
Maitland is one of the industry's largest independent hedge fund administrators with USD280 billion in AuA. With more than 1,300 employees across 16 offices globally, Maitland is more than a fund administrator. It is a global advisory group, with its roots as an innovative law firm in Luxembourg in 1976 offering cross-border structuring solutions to corporates and some of the world's wealthiest families.
This in-house legal and tax expertise, as well as Maitland's independence, set it apart from most other fund administrators – and means that it is ahead of the game when it comes to administrators moving up the
Interview with James Alexander & Nick Briscoe – Invast Global is a premium, multi-asset prime services brokerage serving the needs of hedge funds, retail brokerages, high frequency trading firms and sophisticated clients. The company provides access to industry-leading OTC FX and Commodities liquidity, along with synthetic DMA access to over 30 global stock and futures exchanges. The Invast Global PurePrime facility, with optimised liquidity streams and connectivity options is designed specifically to meet the needs of small and mid-sized trading firms.
The company has experienced rapid expansion over recent years as demand for prime services grows strongly amidst a regulatory-driven retreat
