Solutions
The first-ever futures contract tracking the Taiwan Stock Exchange Capitalisation Weighted Stock Exchange Index (TAIEX) is to list on the Osaka Exchange (OSE), a subsidiary of Japan Exchange Group (JPX), on 19 July 2016.
The listing is the latest extension of the growing link between the Taiwan Stock Exchange Corporation (TWSE) and JPX, with a growing number of financial products tracking Japanese stock market indices listing on TWSE and the Taiwan Futures Exchange (TAIFEX) since the second quarter of 2015.
These products include ETFs tracking the TOPIX and Nikkei 225 indexes, and TOPIX Futures respectively.
The TAIEX index is comprised of all listed common shares traded on
The Jersey Financial Services Commission (JFSC) has welcomed the European Securities and Markets Authority’s (ESMA) recommendation to the European Parliament, Council and Commission that Jersey should be among the ‘third countries’ granted an AIFMD passport.
The JFSC has fully engaged with ESMA and has been working closely with member state regulators as part of the assessment process.
Following ESMA’s advice, there is now a period of up to six months for the European Commission to propose appropriate legislation and for the European Parliament and Council of Ministers to agree to the third country passporting rules becoming applicable to Jersey
Tower Trading Group (TTG), a trading firm delivering bespoke commercial and technical solutions for professional traders, has selected Ancoa’s market surveillance platform to monitor its multi-asset trading activities across all exchanges and independent services providers (ISVs).
Deployment of the Ancoa platform has been timed and designed to enhance TTG’s compliance function with the advent of the Market Abuse Regulation (MAR) which came into effect on 3 July 2016.
Detecting and dealing with manipulative trading practices to prevent market abuse has become a regulatory requirement for proprietary trading firms, market makers and brokers across a wide range of asset classes.
Japan Exchange Group (JPX) has gone live with a new Nasdaq-powered trading system for its subsidiary, Osaka Exchange.
"We are proud to be supporting JPX as they successfully launch their new trading system on the Osaka Exchange," says Lars Ottersgård, executive vice president, market technology, Nasdaq. "As JPX continues to expand its business both regionally and globally, the technology they've implemented will provide the flexibility and performance capabilities, as well as the risk and surveillance solutions, to help the exchange group meet and exceed their growth plans."
The trading system is designed to provide the Osaka Exchange with higher performance,
BCP Asset Management and Apex Fund Services have signed a partnership agreement for fund administration services.
As part of the recent acquisition of four High Street buildings in a prime Dublin 2 location by BCP and Meyer Bergman, BCP has launched two new funds with global independent administrator Apex Fund Services: The Kells Investment Fund I and Kells Investment Fund II.
The BCP acquisition was in partnership with Meyer Bergman and is valued in excess of EUR100 million.
BCP, an independently owned investment manager in the Irish market, has over EUR2 billion in assets under management. Apex Fund
HedgePole has launched the first public release of HEDGEDATA, a data and technology platform for alternatives which has been used by its clients for over a decade now.
The platform capability has been extended to bring together data owners (managers) and data users community (investors and service providers) and host clean and up-to-date alternative funds reference data, pricing updates and related documents whilst leaving the manager in full control of data access rights.
With HEDGEDATA, HedgePole forms the most innovative concept for the alternative funds data marketplace. While most of the accessible data platforms focus on the manager screening and
AltX, the San Francisco based hedge fund intelligence platform, has launched AltX Estimates, providing clients with return data on more than 17,000 funds, including performance data on over 80 per cent of the ‘Billion Dollar Club’ funds.
AltX Estimates delivers performance estimates for funds, even those that have not publicly shared their returns. The proprietary model leverages information from regulatory filings combined with other data and techniques proprietary to AltX.
The process does not use 13F data as an input. Examples of fund managers in the data set include DE Shaw, Farallon, Taconic, Eton Park, Viking, and hundreds of
MainstreamBPO has opened a New York office for its hedge fund administration business.
The new office is the group’s first in the Northern Hemisphere, adding to the existing network of offices in Australia, Singapore, and Hong Kong.
MainstreamBPO chairman and managing director Byram Johnston (pictured), who will oversee the new operations, says a North American presence is the next phase in the group’s execution of its client growth strategy.
“After the success of our offices in Asia we have been evaluating international markets to further expand our hedge fund administration business. Opening an office in New York is
FINCAD, a provider of valuation and risk analytics for multi-asset derivatives portfolios, has made enhancements to F3, its advanced valuation and risk solution.
Central to these enhancements are a straightforward interface and improved usability, enabling quants, portfolio managers, traders, and risk managers to quickly leverage F3’s capabilities to help generate superior investment returns.
Low yields and negative interest rates are making it difficult for portfolio managers and traders to achieve their desired level of returns, and as a result, are seeking to improve returns with new strategies, additional asset classes and derivatives. At many firms, legacy systems are straining to
Large institutions are shifting trading volume to algorithmic avenues of execution as the overall commission pool remains flat, according to a study from Greenwich Associates.
Greenwich Associates, which conducted interviews with 223 US equity portfolio managers and 321 US equity traders between November 2015 and February 2016, estimates the annual pool of cash equity commissions paid by institutional investors to brokers on US equity trades to be USD9.65 billion, down more than 30 per cent from its peak in 2009.
“While that may seem like a dismal figure, it is important to note that the 2016 level is about
