Solutions
In July 2016, the monthly volume on EEX’s power derivatives market amounted to 244.0 terawatt hours (TWh), increasing the volume traded in July 2015 (172.9 TWh) by 41 per cent.
EEX also recorded the highest volume in power options for Spain since the launch of this product at 0.9 TWh, while volumes in almost all other markets increased significantly compared to the previous year. The markets for Germany (173.4 TWh, +48 per cent) as well as France (22.4 TWh, +12 per cent) were the main drivers for this growth.
The July volumes comprised 114.9 TWh registered at EEX for clearing.
Legion Partners, a California-based, long-term-oriented activist hedge fund manager, has elected ClearStructure Financial Technology's portfolio management solution Sentry PM.
The implementation of Sentry PM will automate Legion Partner's front, middle, and back office operations. Sentry PM's use of a GIPS (Global Investment Performance Standards) methodology in the performance module will improve Legion's efficiency in comparing its fund performance to its benchmarks.
In addition, Sentry PM offers Legion the flexibility to scale as the firm continues to grow.
"We are excited to partner with ClearStructure in the implementation of Sentry PM for our business. Sentry PM provides custom reporting
Colt and Korean financial IT provider Koscom are forming a global securities network partnership to provide ultra-low-latency connectivity between capital markets participants in Korea and the world’s major stock and derivatives exchanges.
As part of this collaboration, Koscom, which was founded by Korea’s Ministry of Finance and the Korea Stock Exchange, will use Colt’s low-latency global network service infrastructure to complement its own exclusive financial network in Korea, Stock-Net. The multi-year leverages each other’s local and global network and exchange colocation footprints, as well as the respective sales and service operation resources in Korea and around the globe.
The
Marex Financial, part of the Marex Spectron Group, which offers financial and brokerage services for the commodity markets worldwide, has become a general clearing member (GCM) of European Commodity Clearing (ECC).
Admission as a GCM allows Marex Financial to provide clearing services for all non-clearing members of ECC and to customers of Marex Spectron Group. The clearing license covers the ability to clear all products and markets cleared by ECC.
"We already have a long-term customer relationship with the broker Marex Spectron and are very pleased that its subsidiary is now engaged as a clearing member as well,” says
Intellect Design Arena has launched Intellect OneMARKETS, an end-to-end platform encompassing the complete spectrum of securities trading and asset services.
The platform aims to provide financial institutions with three key advantages – speed, single integrated view and straight-through-processing.
Intellect OneMARKETS is the only end-to-end integrated platform to be provided by any technology player. The platform supports Direct Market Access (DMA), covers the full investment life-cycle and enables high-speed execution across a variety of asset classes and market segments through seamless interfaces to a variety of market infrastructure providers. It ensures regulatory compliance in different jurisdictions, supports multi-lingual reporting and
Banks are battling the rising cost of running their bond businesses by increasingly favouring a riskless-principal or order-driving trading model that leaves the responsibility to determine the best price for a bond increasingly shifting to pre-trade and real-time price modelling, according to TABB Group research on credit trading.
As a result, increased transparency requirements, along with the proliferation of execution protocols and venues, are beginning to outpace the ability of participants in the global bond markets, making fixed income transaction cost analysis (TCA) tools essential for the buy-side to validate investment decisions.
TABB’s research, “Best Execution in Fixed Income:
Alpima, a London-based advisory firm serving professional and institutional clients, has selected SS&C’s Advent Portfolio Exchange (APX) and Moxy to support its digital advisory platform.
It offers the ability to assemble and execute sophisticated investment strategies simply, quickly and cost-effectively.
After thorough analysis, SS&C was selected as the preferred partner for its reputation in the marketplace, engagement in the industry, and breadth of standard interconnectivity.
APX and Moxy were selected for the high-quality equity and multi-asset investment strategies the solutions support as well as the audit and accountability functionality.
"The digital transformation of money management is real.
Northern Trust, one of the world’s largest fund administrators, is to implement the Settlement Messaging Service of GlobalCollateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC).
The adoption of the service will streamline Northern Trust’s margin call process, increase transparency through automated collateral settlement tracking, enhance client service and improve custodian communications.
GlobalCollateral’s Settlement Messaging and Tracking Service, powered by Margin Transit Utility technology, is currently ready for client on-boarding and is anticipated to go live with client collateral movements during the first half of 2017.
It will provide straight-through processing to the settlement
Man Group, the largest listed hedge fund group in the world, has published interim results to end June 2016 that show that funds under management are down from the end December figure of USD78.7 billion to USD76.4 billion.
Net inflows in the second half were USD1.0 billion, compared with the same period in 2015’s which saw net outflows of USD2.6 billion. Gross sales were USD9.8 billion against the 2015 figure of USD10.5 billion, while redemptions were down, sitting at USD8.8 billion, against a figure of USD13.1 billion in the first half of 2015.
The adjusted profit before tax was
This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe.
The European Securities and Markets Authority (ESMA) has presented its latest recommendation to the European Commission on extending the European Alternative Investment Fund Managers Directive’s (AIFMD) passport to funds and fund managers in key jurisdictions outside of the EU. This would allow these ‘third countries’ to manage and market their funds to investors based in the EU.
As part of its country-by-country assessment, ESMA has advised that there are
