Solutions
Hedge funds are an integral part of the financial fabric, and, whilst they may not have the same capital profile as large investment banks, the Bank of England is advising that they strengthen their resilience in order to recover quickly from attacks.
In the Bank of England's July 2015 Financial Stability Report, they write: "A successful attack on a systemic institution or vital infrastructure (including non-financial infrastructure that the financial sector relies on, such as utilities) could cascade throughout the financial system."
In May 2014, the BoE established a vulnerability testing framework – CBEST. Although this is aimed primarily at
Cyber crime is building to tsunami-like proportions and hedge fund managers are not immune from the threat yet there still appears to be a degree of naivety.
According to Carl Chapman (pictured), COO of Capital Support, a leading managed IT services provider, C-level executives tend to overlook the importance of having a solid security risk programme. "They still think cybersecurity is an IT issue but it's not; it's a business issue.
"One of the approaches we've taken with some of our customers is to explain that cybersecurity is really just risk management and should be treated in the same
The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) will list options on Shake Shack, Inc. (ticker symbol: SHAK) beginning Tuesday, 28 July, 2015.
Shake Shack, founded in 2004, owns, operates and licenses Shake Shack restaurants (called Shacks) in the United States, Europe and Asia. Shacks are modern-day “roadside” burger stands offering hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.
100 Women in Hedge Funds (100WHF) has partnered with the Institute of Banking for one Certified Investment Fund Director Programme scholarship as part of 100WHF’s Women on Boards initiative.
The Institute of Banking and 100 Women in Hedge Funds are offering a full tuition fee scholarship to one female candidate wishing to enter the Certified Investment Fund Director (CIFD) Programme commencing in September 2015 in Zurich.
To apply for the scholarship, applicants must first meet the entry requirements for the CIFD Programme. Candidates should complete an application form for the Programme and should also make a short submission in
Thomson Reuters has released the StarMine Combined Alpha Model (CAM), a model that combines all the available StarMine equity alpha models into one comprehensive and powerful alpha-generating signal.
The weights assigned to each model vary by region. Thus, StarMine CAM recognises the fact that some regions, such as the US and Japan, are more value focused while in Developed Europe and Asia ex-Japan momentum plays a larger role. The model intelligently handles missing data and makes use of all available StarMine alpha models for a given security.
StarMine CAM provides investment managers with a resourceful factor to help create market-beating
Euronext has expanded it Spotlight options offering with new options on IMCD, a distributor of speciality chemicals and food ingredients (ticker symbol: IMD).
The options follow the company’s successful IPO on Euronext and are available for trading on the Amsterdam market with immediate effect.
The Spotlight segment is dedicated to the development of new option classes requested by market
participants. The Spotlight options on Euronext-listed underlying values have short-term maturities of one, two and three months. The combination of added liquidity and visibility allows the option classes to grow to become mature option classes. If these option classes take
Singapore Exchange (SGX) is pleased to welcome Hong Kong-based Bright Smart Futures and Commodities Company Limited (Bright Smart) to its derivatives market as a trading member.
Chew Sutat, Head of Sales and Clients at SGX said, “We are pleased that Bright Smart has joined the SGX family as we continue to expand our footprint in Greater China. The active participation of Bright Smart and their network of clients will add to the liquidity in our suite of derivative products. Together, we are well-positioned to better serve our customers who are keen to tap on trading and investment opportunities in Asia.”
A survey of 56 market participants carried out by swaps technology provider 4sight and consultancy The Field Effect has revealed that 32 per cent of participants are currently booking Synthetic Financing transactions such as Total Return Swaps and Portfolio Swaps. A further 18 per cent plan to in the near future. Firms surveyed included a range of tier one and tier two investment banks and asset managers.
The survey was carried out as part of research for a whitepaper and webinar discussing market trends leading to an increase in Synthetic Financing, technology challenges and how to define a target operating
The European Power Exchange EPEX SPOT, together with its clearing house European Commodity Clearing (ECC), have successfully reduced the lead time on all intraday markets. Trading now continues until 30 minutes before delivery in Germany, France and Austria.
In Switzerland and across borders, trading will continue up to 60 minutes before delivery. In the past, lead time varied between 45 minutes and 75 minutes depending on the country and the crossborder gate closure time determined by the transmission system operators (TSOs).
“This is another milestone on our trail towards efficiency,” says Jean-François Conil-Lacoste (pictured), Chairman of the Management Board of
CHAPS, the UK’s same day electronic payment system, has added BNP Paribas as a Direct Participant. BNP Paribas can now directly send and receive irrevocable, guaranteed sterling payments with same day finality, rather than through a third-party.
Its customers will also benefit from enhanced payment security and mitigation of settlement risk.
Mark Hale, Acting CEO of CHAPS, says: “We are delighted to welcome BNP Paribas as a Direct Participant within the CHAPS system. BNP Paribas is a leader in banking and financial services in Europe, with an international presence in 75 countries. The Direct Participation of BNP Paribas in CHAPS
