Solutions
The London Metal Exchange (LME) has unveiled the newly built Ring (pictured), the Exchange’s open-outcry trading floor, followings its successful relocation to 10 Finsbury Square in London on 1 February 2016.
The Ring has provided a transparent and robust price-discovery process for the global metals industry for 139 years. Its move to a new building at Finsbury Square is the next step in the modernisation of the metals exchange, which was acquired by HKEX in 2012.
“We’ve demonstrated our commitment to the Ring, a long-standing and trusted price-formation venue, by moving it with us to this exciting new location.
Hamed Ahmadi from the University of Oxford, Linacre College has been named as the winner of the inaugural Man AHL Coder Prize, a coding competition for students aged 16 and over. Ahmadi picks up a cash prize of GBP5,000.
Mihail Dunaev, from the University of Edinburgh was named competition runner up.
Ahmadi’s coding skills were ranked first among entries received from 80 full-time students, ranging in age from 16 to 34 and spanning the educational spectrum from GCSE to PHD level. Entrants hailed from 31 institutions across the UK and Ireland, including secondary schools, sixth form colleges and universities.
The International Commodities and Derivatives Association (ICDA) is to hold a Blockchain Conference in the City of London in April 2016.
Pursuing the Association’s strategy of exploring new products and technologies for the global commodities and derivatives markets, the conference is a major step in helping ICDA's members and others to understand the potential application of the distributed ledger infrastructure.
The Association is keen to emphasise that this conference is not about technology but about the business ramifications for the whole industry. It will discuss who may win, and who may lose, in the shake-up from a profitability and business
The Financial Industry Regulatory Authority (FINRA) has barred two Buffalo-based brokers – Timothy S Dembski and Walter F Grenda – from the securities industry for fraud in connection with the sale of a hedge fund, the Prestige Wealth Management Fund.
Dembski and Grenda’s misconduct occurred while they were employed with Mid Atlantic Capital Corporation.
FINRA’s investigation found that Dembski and Grenda made material misrepresentations and omissions to lead investors to believe that the hedge fund was a “growth” fund that would be based on a computer algorithm that automatically included risk protections and stop-losses to limit losses in the
For EU and non-EU managers, the ability to choose between AIFMD or UCITS regimes to bring a regulated fund product to market with minimal fuss is a compelling one. With its unique business model, ML Capital has proven to the marketplace that there are many ways to scale the walls of so-called "Fortress Europe".
ML Capital operates two Dublin-domiciled platforms that between them are capable of supporting a wide range of alternative investment strategies, from the most liquid end of the scale to the most illiquid end. The MontLake UCITS Platform was established in October 2010, while the MontLake QIAIF Platform,
The Commodity Futures Trading Commission (CFTC) has issued an Order to the Korea Exchange (KRX) permitting certain KRX Members to solicit and accept orders and in connection therewith, accept funds directly from U.S. customers for trading on KRX without having to register with the CFTC as futures commission merchants (FCMs).
The order also permits these designated KRX Members to engage in marketing conduct in the US for a period not to exceed thirty days. This exemption follows similar exemptions granted to other foreign exchanges or foreign regulators pursuant to Regulation 30.10.
The order will be published in the Federal
Investors retreated from equities and turned to safe-haven assets in January as disappointing Chinese and emerging market numbers and weaker US data dominated news flow, according to GAM’s latest hedge fund performance review.
Global equities were down 6.0 per cent, as measured by the MSCI World index, while US Treasuries and investment-grade bonds were up 1.4 per cent, as measured by the Barclays US Aggregate Bond index.
“Global macro and trend following managers weathered January well, with positive aggregate performance,” says Anthony Lawler (pictured), portfolio manager at GAM. “The systematic and trend following traders had a strong January, positioning short
Paladin Capital Group, headquartered in Washington DC, is a leading global private equity investor in some of the world’s most innovative companies; particularly those that are developing new technologies in the cybersecurity space.
Mike Steed (pictured), Paladin’s Founder and Managing Partner, is unequivocal in his view that hackers are no longer merely interested in targeting individuals to steal financial information; rather, hacktivists or state-sponsored groups are targeting critical infrastructure to disrupt society, and to compromise the identities of US citizens.
Recently, Steed wrote an article on Paladin’s website entitled “Paladin’s 2015 Cyber Year in Review and Key Trends Shaping 2016”.
Linedata has launched its digital Linedata Mobil'Ekip solution, which allows key tasks and information to be managed and accessed from mobile platforms, such as smart phones and tablets. It operates in conjunction with the core Linedata Ekip360 system.
Linedata Mobil'Ekip covers the entire value chain from sales to operations and end-users. Rather than simply reproducing existing core features, Linedata Mobil'Ekip adds additional value with a completely new mobile experience accessed via smartphones and tablets (IOS, Android). Users can directly scan and input business cards and exchange documents with decision-making platforms in real-time. Linedata Mobil'Ekip is an integral part of the
For many start-up fund managers, the prospect of setting up a hedge fund in today's regulatory climate can feel like swimming upstream. That is why the turnkey solution offered by fund administrators, which allows managers to work with one service provider to get all aspects of their fund up and running, is still so appealing.
"We are able to offer a one-stop-shop solution and take care of everything when it comes to setting up a fund," says David Payne (pictured), Director of Circle Partners BVI, an independent BVI-licensed global fund administrator, and Business Development Manager of AMS Financial Group, an
