Solutions
The Shanghai Stock Exchange (SSE), Deutsche Börse Group and China Financial Futures Exchange (CFFEX) have officially founded a joint venture, the China Europe International Exchange.
This new marketplace for the trading of RMB-denominated offshore products starting with cash market products such as ETFs and binds, will be launched on 18 November 2015 under the new brand CEINEX.
The agreement was signed earlier today in Beijing by Gui Minjie, Chairman of Shanghai Stock Exchange, Carsten Kengeter, CEO of Deutsche Börse AG, and Zhang Shenfeng, Chairman of China Financial Futures Exchange, in the presence of the Chinese Premier Li Keqiang and the
The business of trading interest-rate swaps is moving to electronic platforms at breakneck speed, largely driven by the implementation of Dodd-Frank. Sixty per cent of notional client swap trading volume in the US this year is being executed electronically – up from just 20 per cent in 2014. But according to a new study from Greenwich Associates, investors are still relying on the support and advice of sell-side salespeople
A new Greenwich Report, Interest-Rate Derivatives Sales: Not What It Used To Be, But No Less Important, reveals that as recently as 2010, nearly 90 per cent of notional trading volume
Euronext has received approval from the Hong Kong Securities and Futures Commission (HKSFC) to provide automated trading services (ATS) to Hong Kong-domiciled clients, facilitating direct membership and access to Euronext’s Paris derivatives markets.
Tan Yueheng, Chief Executive Officer of BOCOM International Holdings Company Ltd and Chairman of Chinese Securities Association of Hong Kong (CSAHK), says: "Applying to become Euronext's first batch of Hong Kong members is in accordance with our group's derivatives business strategy. Euronext, also an honourable member of CSAHK, will establish a bridge for Chinese brokers and futures companies domiciled in Hong Kong to gain easy access to
100 Women in Hedge Funds (100WHF) successfully raised over GBP550,000 at its annual London Gala in aid of The Art Room, a charity that provides art as therapy to increase children's self-esteem, self-confidence and independence.
The 100WHF London Gala was held last night (27 October) at the Victoria and Albert Museum in London, with the support of more than 250 leaders from the alternative investment industry. Elizabeth Corley, CBE, CEO of Allianz Global Investors, received 100 Women in Hedge Funds’ 2015 European Industry Leadership Award in recognition of her example and advocacy of mentorship for future leaders of the industry.
Independent full-service fund administrator Opus Fund Services has appointed Jorge Hendrickson as Head of Sales and Marketing.
“We have added 130 new clients onto the Opus platform in the last 12 months, and Jorge has been an instrumental reason for this exciting growth,” says Robin Bedford Opus CEO. “Jorge has repeatedly demonstrated the skills needed to lead the Opus sales and marketing team and take it to the next level.
Hendrickson says: “I’m very excited for the opportunity to lead the Opus sales and marketing efforts. I look forward to expanding the team both here in New York and globally.”
Euronext has launched AtomX, a flexible service that offers the efficiency and security of the regulated market and central clearing to bilaterally negotiated trades.
Through AtomX, investors are now able to customise and trade options and futures which will be cleared, via LCH Clearnet, in the same clearing pool as the other Euronext derivatives positions.
The regulatory agenda calls for more transparency and mitigation of the recognised systemic risk posed by over-the-counter (OTC) derivatives. At the same time market participants are looking for more efficiencies in portfolio management. AtomX facilitates this by combining the flexibility of OTC trading with
Collaboration is extremely important for any service provider looking to do business in Luxembourg and in that respect, Circle Partners (`Circle'), an independent fund administrator, is no exception.
Having first established a footprint in the Grand Duchy in 2011, Circle has invested considerable time and money and is now beginning to see the fruits of its labours as it prepares to establish an umbrella SIF. The platform will act as an incubator for managers wishing to create a sub-fund as opposed to taking on the burden of establishing their own standalone fund structure.
Michel van Zanten (pictured) is a Switzerland-based director
MultiConcept Fund Management SA ("MultiConcept") is an AIFM and UCITS IV fund Management Company. Established in Luxembourg in 2004, MultiConcept has approximately CHF10.7 billion in assets under administration. It currently has 20 umbrella structures with 89 sub-funds.
With the AIFM Directive now in full swing, the demand for management company services as well as the ability to get to market quickly with a new fund offering is growing exponentially among alternative fund managers of all shapes and sizes. Cindyrella Amistadi is the CEO of MultiConcept. In her view, the potential growth is particularly strong in the more illiquid market (i.e.
SunGard is expanding its Pricing and Data Services solution to include the entirety of Markit’s fixed income pricing data.
SunGard’s Pricing and Data Services is part of SunGard’s Investment Operations suite, which supports the entire investment process from portfolio management to client reporting. Pricing and Data Services provides third-party administrators and asset managers with a customised and scalable price validation solution that gives clients the freedom to focus on valued added practices such as oversight analysis rather than data scrubbing. It also helps customers improve operational efficiency, mitigate financial and reputational risk, increase ROI, and reduce costs.
Pricing and Data
Singapore-based hedge fund manager Lighthouse Canton has selected Wells Fargo Global Fund Services to provide daily fund administration for the LC India Market Neutral Fund.
The fund launched in August 2015 as a fully hedged version of the SageOne India Growth Fund, a long-only, absolute return India fund that is also a Wells Fargo Global Fund Services client.
"This is the third fund of Lighthouse Canton for which Wells Fargo Global Fund Services provides administration and middle and back office support throughout the trade life cycle, which helps us scale the business in a controlled manner. We have developed a
