Solutions
Chi-X Australia is on target to commence exclusive trading of Transferable Custody Receipts (TraCRs) on its investment products marketplace in early February 2017.
TraCRS (pronounced tray-sirs) are based on an underlying asset that is a member of the primary index of a specified offshore market, which will initially include the main US exchanges NYSE and Nasdaq.
Australian investors will be able to trade on an Australian exchange to invest in the top US stocks.
John Fildes (pictured), CEO of Chi-X Australia, says: “TraCRs will be a game changer for Australian investors as for the first time they will
Pacific Fund Systems (PFS), the software company behind fund administration solution PFS-PAXUS, has opened its European operational headquarters in Douglas, Isle of Man.
PFS’s chief operating officer Paul Kneen (pictured) says: “PFS is a global software development company providing a powerful niche investment accounting and fund administration solution to a global client base, which has grown successfully year-on-year since the firm’s inception in 1999. The decision to locate our European operational headquarters on the Isle of Man was based on the clear benefits available; access to attractive modern office space and a talent pool of skilled industry professionals, supported by
The Warsaw Stock Exchange (GPW) has opened consultations on plans to introduce new sector classifications of listed companies.
The existing separate models of sector classification on the regulated and alternative markets will be replaced by a three-tier classification of shares and bonds issuers.
The modification of the company sector classification aims to lead to better mapping of the companies’ business segments and identification of new, previously omitted sectors such as consumer goods, electronic games and biotechnology. The modified sector classifications will be accompanied by changes to sector indices. The new key sector indices will track the share price of
TradingScreen, a provider of liquidity, trading and investment technology via SaaS, has launched TradeSmart 2016, which will be showcased at the FIA Chicago Futures and Options Expo.
“TradeSmart 2016 offers the buy-side numerous enhancements with its improved user interface and flexible workflows at every point in the trading process,” says Quentin Limouzi (pictured), chief revenue officer, TradingScreen.
“Over the past 17 years we have worked closely with our customers to provide the most intuitive and productive user experience. This new release was directly inspired by customer feedback, which enabled us to enhance usability and efficiencies when trading and monitoring single
Eurex, Europe's largest derivatives exchange, is offer total return futures on the Euro Stoxx 50 Index from 2 December.
The new futures complement the Eurex suite of equity index derivatives and support the market in complying with new financial market legislation.
Under the Basel III capital standards banks already face increased capital requirements when entering over-the-counter (OTC) transactions. From next year on, there will be additional standards.
"The product is launched ahead of the bilateral margin rules on non-cleared swaps which are likely to be introduced in Europe in early 2017,” says Mehtap Dinc (pictured), global head of
Operational due diligence (ODD) is an integral part of winning institutional investment allocations. Being aware of the current focus areas and what is on the horizon is key to preparing your organisation.
On 14 September, Michael Merrigan from Shadmoor Advisors sat down with Frank Napolitani, Director at EisnerAmper, to discuss what managers can expect when undergoing operational due diligence. He discussed best and worst practices, the popularity of mock SEC exams, what to expect from an onsite ODD visit, the perceived increased risk of allocating to an emerging manager and how fund managers should address this.
Some of the key
Hedge fund managers are innovating and increasing their investment in technology to create new competitive advantages and to address regulatory and operational issues, according to a new study.
Transformative Change: How innovation and technology are shaping an industry, by KPMG International, the Alternative Investment Management Association (AIMA) and Managed Funds Association (MFA), reveals that an overwhelming percentage of hedge fund managers, 90 per cent, say they are investing in technology today to improve controls and compliance, with an almost equal number, 88 per cent, identifying efficiency objectives as a top reason.
The survey polled more than 100 global hedge
The Managed Funds Association (MFA) will host Commodity Futures Trading Commission (CFTC) chair Timothy G Massad at the Outlook 2016 Conference.
Massad will make a keynote address at the association’s annual leadership conference in New York on 21 October.
More than 400 investors, policymakers and other stakeholders are expected to attend this year’s conference, which will focus on public policy, institutional investors, global markets and key trends that foster change in the alternative investment industry.
IPC, a provider of secure, compliant communications and networking solutions for the financial markets community, has extended its Financial Markets Network service portfolio to its Connexus platform.
The IPC Financial Markets Network portfolio includes data connectivity solutions consisting of the Connexus Extranet, Connexus Ethernet and Connexus WAN as well as voice solutions consisting of Connexus Voice and Trader Voice services.
IPC’s Financial Markets Network interconnects global financial centres and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.
“With the rapid growth in the number and types of market participants
Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has opened a second London data centre.
Tom Cole, director of client services and business development in London, says the new data centre will allow Abacus to provide resilient services to current clients and expand its capabilities to onboard more alternative investment funds.
Abacus currently serves 18 funds in the UK and more than 300 globally. The company’s employee count recently exceeded 100.
Abacus, co-headquartered in San Francisco and New York, is adding London to its growing list of locations in Boston, Charlotte, Greenwich, Los
