Solutions
Deutsche Börse will develop and operate the technical infrastructure and various IT applications for a joint European intraday power market within the framework of the European Cross Border Intraday Initiative (XBID).
The European exchanges involved in XBID – APX/Belpex, EPEX SPOT, GME, Nord Pool Spot and OMIE – signed a contract with Deutsche Börse on 9 June 2015. The XBID platform is expected to launch in 2017.
XBID is an initiative to implement the European Commission’s energy market directives. The aim of the initiative is to enable continuous cross-border energy trading in Europe. The rising proportion of renewable energies and
BCS Prime Brokerage Ltd has been granted membership on Eurex, Europe’s largest derivatives exchange and the second largest globally.
BCS Prime has become a Non-Clearing Member (NCM), which allows trading participation and provides clients access to the Eurex exchange.
Clients of BCS now have access to some of Europe’s most traded contracts such as Euro Stoxx 50 and Dax, as well as additional liquidity in Eurex’s Russian derivatives. The Eurex Exchange offers more than 1,900 products covering all major and alternative asset classes including Russian equity indexes derivatives like RDXUSD.
This only strengthens BCS Financial Group’s presence and
In today’s increasingly complex and evolving regulatory environment, fund managers expect their providers to have a sophisticated risk management framework that meets global, regional and local standards.
“The reality is we are facing increasingly risk-conscious clients who are very aware that when it comes to governance and controls, small leaks can sink big ships,” says Raj Purmessur (pictured), Head of Fund Services Bangalore, part of the Investor Services business in Deutsche Bank’s Institutional Cash & Securities Services unit. “Our business processes, technology and staff are regularly assessed to ensure we meet today’s regulatory obligations – this goes a long way to increasing
Cybersecurity issues have existed as long as the internet. What seems to have changed in the last 18 months is not only that the nature of the breaches has become more sophisticated, but also the fact that hedge funds have become a much bigger target.
For fund-of-hedge-fund (FoHF) managers, whose value-add to investors is identifying the best talent to invest with, the issue of cybersecurity and data protection has taken on far greater importance. They have to be fully satisfied that a manager’s IT network is secure, and that best practices are being adopted as far as possible.
“The cybersecurity
The May 2015 average daily transaction value on the Euronext cash order book stood at EUR8,019 million (+30% compared with May 2014).
The activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR549 million, up 91 per cent compared to May 2014.
The average daily volume on equity index derivatives was up at 231,576 contracts (+11.4% compared with May 2014), and the average daily volume on individual equity derivatives was down at 213,911 contracts (-21% compared with May 2014). On 12 May we reached a yearly record high on CAC40 futures at 428,274 contracts;
Custom House Fund Services, a provider of financial services to the alternative investment sector, is to release significant enhancements to its Gateway technology platform over the next few months.
Gateway is the company’s web based portal that connects fund servicing with solutions across the middle and back office, designed specifically for US alternative investment managers.
Among the new features will be the ability to extract flash reports of information already on the platform, deliverable for specific timeframes; expanded reporting features including the capability to produce graphs with pricing information; the ability to overlay third-party data to provide a more
Trevor Chisholm, Director of Alternative Investments at Intralinks has appeared in a new video on Asset TV. The interview discusses how managers can achieve transparency whilst still maintaining control.
This is becoming something of a juggling act for managers as they grapple with the expectations of sharing more details on their portfolios with investors on the one hand, and maintaining sufficient control over how that information is shared on the other. Cybersecurity is a top-line issue for managers on the back of the SEC’s recently issued Initiative Risk Alert highlighting the importance on information and cybersecurity preparedness.
As Chisholm points
Options, the leading managed service and IT infrastructure provider to the global capital markets industry, has today announced that the
Minnesota-based hedge fund, Whitebox Advisors, has selected Options as its new managed IT provider. The deal has seen Whitebox migrate its entire global technology stack, which was previously managed internally, to the Options platform.
Whitebox, founded in 2000, currently has over USD4.4 billion under management with offices in New York, Austin, London and Sydney, in addition to its Minneapolis headquarters. Options is currently servicing over 120 users in the US, the UK and Australia as well as remote home offices.
Intralinks’ Todd Partridge (pictured) advises a multi-pillar approach to guard against cyber attack.
In light of high-profile hacking events, where the likes of JP Morgan, Home Depot, and, most notably, Sony suffered significant losses of information, it is incumbent upon organisations to think more holistically about governance. Enterprise must put in place a security framework that incorporates people, processes, and technology.
This is especially important for hedge fund managers, who share sensitive portfolio and investor information with various counterparties across external networks. These data-transfer channels are potential weak points for hackers to exploit.
Todd Partridge (pictured) is an executive
responsAbility Investments AG, a specialist in development investments, has chosen eFront’s FrontPM portfolio monitoring solution.
FrontPM streamlines and automates the collecting of portfolio company data. For responsAbility, the eFront solution will allow the firm to grow efficiently while providing exceptional management for businesses and other assets in developing economies.
responsAbility Investments is one of the world’s leading asset manager in the field of development investments and offers professionally managed investment solutions to both private and institutional investors. The company supplies debt and equity financing to non-listed companies in emerging economies and developing countries. With current investments in more than
