Solutions
CACEIS offers private equity fund managers bridge financing solutions that allow them to delay the process of collecting capital commitments from investors, thereby enhancing the internal rate of return of the fund.
In such an arrangement, CACEIS provides Equity Bridge Financing to the manager – essentially a guaranteed line of credit – whereby the financing arrangement is agreed not on the asset but on the uncalled capital commitment from high quality investors.
"In other words, it is financing on the liability side of the fund rather than the asset side of the fund," comments Nicolas Palate, Head of Private Equity and
At SS&C Advent, an independent unit of SS&C Technologies who collectively support more than 10,000 customers worldwide, there has been, according to Jesper Steiness (pictured), Director of Global Accounts, a clear growth of interest among fund managers and service providers to improve automation with respect to alternative portfolio accounting and reporting.
This is happening at a time when alternative fund managers are converging in terms of the products they offer, with hybrid fund structures becoming a more popular feature of the landscape. But given the complexity of the assets, and the movement of cash flows within these structures, both managers
The Taiwan Futures Exchange (TAIFEX) has launched three new derivative contracts – a Taiwan Dollar (TWD)-denominated Nifty 50 Futures contract, and two FX futures contracts: EUR/USD FX Futures and USD/JPY FX Futures.
Len-Yu Liu (pictured), chairman of the TAIFEX, says: “We are extremely pleased to be launching these new futures contracts. The Nifty 50 contract is the second foreign equity index product to debut on TAIFEX and aligns with our ongoing effort to introduce more overseas products to the Taiwan futures market.
“The EUR/USD FX Futures and USD/JPY FX Futures further expands the range of foreign currency products available on TAIFEX – an asset class that is proving popular with our customers. We look forward to developing more innovative products to help
The Warsaw Stock Exchange (GPW) and ACI Polska (the Polish Financial Markets Association) have signed an agreement whereby GPW will take over as the fixing organiser of the WIBID and WIBOR reference rates.
GPW becomes both the reference rate fixing organiser and the calculation agent.
The agreement will enter into force upon its approval by the WIBOR board and after the acceptance of the amendment to the Rules for Fixing WIBID and WIBOR Reference Rates by banks (fixing participants).
GPW decided to take over as reference rate fixing organiser following a proposal issued by ACI Polska.
ACI
Intercontinental Exchange’s ICE Futures Europe Low Sulphur Gasoil contract achieved a daily volume record of 766,054 contracts on 1 November 2016.
Volume in ICE Low Sulphur Gasoil-related contracts, such as the ICE Low Sulphur Gasoil/Brent Futures Crack and the ICE Heating Oil/Low Sulphur Gasoil Futures Spread also achieved daily records of 57,890 contracts and 10,164 contracts, respectively.
The strong growth in ICE Low Sulphur Gasoil futures volume is driven by rising hedging demand from European refineries to meet winter diesel specifications and increasing hedging activity in cross-Atlantic diesel arbitrage flows.
The ICE Low Sulphur Gasoil futures contract is
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 131.2 TWh in October 2016, an increase of 21 per cent compared to the previous year (108.8 TWh).
The strong result also included new records on the spot (PEGs) and futures segments (GASPOOL, PSV, ZEE and ZTP).
Spot trading volumes in October reached 52.1 TWh, representing an increase of 28 per cent compared to last year (40.7 TWh) while the Dutch market area TTF registered a strong volume with 13.9 TWh, up 23 per cent compared to October 2015 (11.3 TWh).
A total volume of
Euronext has agreed a 10-year partnership with fixed income technology provider Algomi to create a new trading facility aimed at improving liquidity in the pan-European corporate bond market.
The joint venture, capitalised by Euronext for USD2.3 million, will deploy Algomi’s technology to a new MTF owned and operated by Euronext.
Dealers will be able to access the trading interface either directly through their existing Algomi technology or through their stand-alone systems.
The platform will use algorithmic smart matching processes to create an auction between dealers to improve liquidity and search for best execution.
Local and global bond
Fund managers have gathered in London to hear from the Cyprus Investment Funds Association (CIFA) about the opportunities in the country as an investment destination.
Held in conjunction with international law firm King & Wood Mallesons (KWM), Alter Domus, a provider of fund and corporate services, and the Bank of Cyprus, the event discussed Cyprus’ position following the UK’s vote to leave the European Union, led by senior panel members from all organisations.
Cyprus is fast becoming a location of choice for many promoters and fund managers, as evidenced by the existing 162 internationally recognised fund serviced providers already
The European Energy Exchange (EEX) has registered its first trade in EUA Futures beyond 2020, thereby extending into the fourth trading period of the EU ETS.
The transaction was registered on 28 October in the December 2021 maturity, with a volume of 50,000 tonnes of CO2 traded at a price of EUR 6.02 per EUA. The trade was conducted between BayernLB and Belektron.
Steffen Köhler (pictured), chief operating officer of EEX, says: “The extension of our offering represents another important development in EEX’s emissions market. Having listened to and worked closely with our market participants, we are the first
LMAX Exchange, a multilateral trading facility (MTF) for FX, has joined the IPC FX Hub in the Equinix NY4 data centre.
The IPC FX Hub supports the global foreign exchange markets through data centes in key markets such as London, New York, Tokyo, Singapore, Frankfurt, Moscow, Zurich, Chicago and Hong Kong – all with connectivity to IPC's community of financial market participants and low latency access via IPC's dark fibre rings to key FX liquidity providers and dealers.
Ralf Duken, head of networks and security of LMAX Exchange, says: "LMAX Exchange aims to provide its clients with a range
