Solutions
Nomura Research Institute has added new functionality to the I-STAR securities back-office solution for wholesale brokerage firms.
This additional component enables I-STAR users to manage the average price1 in margin and derivative trading, providing users with the ability to become fully compliant with regulations planned to take effect in Japan on 16 March, 2015.
I-STAR provides a wide range of functionalities required for the back-office operations of the securities business, such as execution entry to settlement processes, accounting, and generation of regulatory reports. The solution also makes it possible to manage various types of trades across multiple asset classes,
The Board of Trustees of the JPMorgan Money Market Funds has approved the firm's preliminary recommendation regarding the intended designation of its publicly offered money market funds as "Institutional," "Retail" or "Government," in accordance with the criteria established by the Securities and Exchange Commission ("SEC") in July 2014.
These determinations were reflected in a supplement to the money market funds' registration statements filed last week.
In the supplement, the Board also stated that it has no current intention of instituting liquidity fees or gates on the money market funds (MMFs) designated as Government MMFs.
John Donohue, Head of Global Liquidity
Gabelli Funds has completed the offering of a London Stock Exchange listed closed-end fund, The Gabelli Value Plus+ Trust (GVP), the firm’s first direct entry to the UK investment community.
The fund invests in US equities, utilising Gabelli's fundamental, bottom up Private Market Value with a Catalyst investment approach.
“The UK market is highly sophisticated. We are delighted to be entrusted with the opportunity to grow wealth for the UK investor via the strengths of an investment trust vehicle. The investment trust industry can trace its foundations to the UK, and the LSE’s offering remains a “best in class” choice
Capricorn Fund Managers, a Johannesburg and London based hedge fund manager, has selected Viteos for a complete middle office services solution on a co-sourcing model.
Capricorn had earlier outsourced its Fund Administration and Middle Office services to BNY Mellon Investment Servicing (International) Limited (BONY). As part of a periodic strategic review, Capricorn initiated an RFP and selection process, separating its middle office provider and fund administrator.
Capricorn looked for its Middle Office provider to:
· Retain Linedata Beauchamp as its portfolio management system which had the entire history for all the funds (earlier provided by BONY)
· Put in a
AIFMD has caused Asian fund managers to be more cautious about seeking investment from Europe but Guernsey helps provide a solution, says Dominic Wheatley (pictured), Chief Executive of Guernsey Finance.
Much focus in Europe in recent years has been on the European Union’s (EU’s) drive for increased regulation, principally through the Alternative Investment Fund Managers Directive (AIFMD).
As a result, promoters and investors from further afield have become more cautious about raising money from within Europe because of what they regard as a growing compliance burden and increased costs.
The Guernsey model
However, rather than being part of the problem,
Elsen is using NVIDIA technology to bring massive gains in speed and efficiency to the financial calculations run by hedge funds and other financial institutions.
The NVIDIA Tesla Accelerated Computing Platform, which includes GPUs and enabling software, is the leading platform for accelerating data analytics and scientific computing. Complex time-series calculations – like Monte Carlo simulations and other algorithms widely run in financial services for backtesting, pricing and risk management – are ideally suited for GPU acceleration because they can be run in parallel. With their thousands of high-performance processing cores, GPU accelerators excel at parallel calculations.
The Elsen Accelerated
Hedge Connection has released a suite of enhancements to The Boardroom, its social network of alternative investment funds, allocators and thought leaders.
The upgrades incorporate LinkedIn, add internal messaging and launch valuable new services for members.
“We are always eager to provide our members access to the latest technology and differentiate ourselves from fund databases,” says Hedge Connection CEO Lisa Vioni. “We are constantly working hard on new ways to facilitate relationship-building among our 7,000+ funds, accredited investors and now service providers.”
Hedge Connection has deeply integrated the LinkedIn network into The Boardroom. The new functionality seamlessly
CLSA Americas (CLSAA) has integrated the IEX Alternative Trading System (ATS) and Smart Order Router (SOR) across its Electronic Execution algorithms.
This gives clients the option to use the IEX SOR for accessing displayed liquidity across all lit markets as well as the IEX pool when trading via the electronic, high touch or program trading desks. Since adopting the IEX SOR, CLSAA has been a Top 3 user of their Smart Order Router.
“As a full service agency broker, we seek to provide clients with a choice of tailored execution options. IEX fits well within our model of transparency and
Deutsche Börse Market Data + Services is the exclusive licensor of real-time market data for spot, derivatives and spread products traded on PEGAS, as of 1 January 2015.
PEGAS is the central natural gas trading platform of EEX Group, operated by Powernext.
“With this new market data partnership, PEGAS will benefit from our extensive data distribution and licensing network,” says Georg Gross, Head of Information, Market Data + Services, Deutsche Börse. “For our clients, this means improved access to key market data from the pan-European gas market.”
PEGAS was established in 2013 by the European Energy Exchange and Powernext to
Corporate and fiduciary services company, MaplesFS is to provide entity management and corporate services globally to TPG, an international private investment firm.
Responding to the increasing trend for investment management and private equity firms seeking to outsource these services for their global companies, the Maples group has developed its own proprietary technology. Entity management worldwide is an increasingly important aspect of fund administration and this innovation allows clients to consolidate everything worldwide across all jurisdictions with one provider via its secure, centralised and sophisticated online platform, Maples eServices.
MaplesFS is renowned for its service culture and willingness to invest in
