Solutions
Misys, a provider of software solutions to financial services institutions, has added connectivity to DTCC for its Misys Regulatory Reporting Service.
This gives corporates, fund managers and smaller banks the choice of multiple trade repositories that they can automatically connect to so that they can meet their regulatory reporting requirements. Support for commodities reporting has also been added, as well as compliance with new tighter validation rules.
Offered as a software-as-a-service (SaaS) solution, Misys Regulatory Reporting Service (RRS) enables customers to report to a trade repository on the execution, modification and termination of a derivative transaction, without needing to
The SEC has adopted two sets of rules requiring security-based swap data repositories (SDRs) to register with the SEC and prescribe reporting and public dissemination requirements for security-based swap transaction data.
The SEC also proposed certain additional rules, rule amendments and guidance related to the reporting and public dissemination of security-based swap transaction data. The new rules are designed to increase transparency in the security-based swap market and to ensure that SDRs maintain complete records of security-based swap transactions that can be accessed by regulators.
The rules implement mandates under Title VII of the Dodd-Frank Wall Street Reform and
The Currency Exchange (TCX) has selected Quantifi for pricing and risk management of counterparty credit risk in emerging market currency and interest rate derivatives.
TCX acts as a market-maker in currencies and maturities not covered by commercial banks or other providers, notably where there are no offshore markets, no long-term hedging, or, in extreme cases, no markets at all. TCX decided to select Quantifi as it offered a complete solution that could be rapidly implemented to deliver more comprehensive, accurate and transparent pricing and portfolio risk management.
“We chose Quantifi for their superior analytics,” says Philip Buyskes, Vice President at
UBS Securities (UBS) has extended its broad usage of Orc’s Electronic Execution solution to facilitate DMA on the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME).
Using the extended solution, UBS leverages Orc’s low-latency market access and a new version of the integrated pre-trade risk management product, Orc Flow Control.
Since 2007, UBS has applied Orc solutions to deliver on their customers’ global DMA requirements. The expanded offering now provided by UBS can be used to serve customer trading originating from either Orc’s trading tools or any other trading system.
Orc Flow Control provides comprehensive multi-market pre-trade risk
Aequitas Capital Partners has partnered with Circle Squared Alternative Investments to provide training and education to Registered Investment Advisers via the ACP Alts Academy.
The academy will will provide the advisor community with educational seminars focusing on alternative investments, strategies, and solutions to meet the demands of high-net-worth investors.
The inaugural ACP Alts Academy webinar for ACP members, powered by the CSQ Institute, with be held on 13 January, 2015, and will be hosted by Jeff Sica, CIO and founder of Circle Squared Alternative Investments. Key topics include Circle Squared's 2015 outlook for alternative investments. In addition, Sica will provide
Electronic market maker Virtu Financial (Virtu) is to join as a participant of GMEX Exchange to offer liquidity in GMEX’s pioneering Interest Rate Swap Constant Maturity Future (CMF) contracts.
Orders will be matched on the GMEX exchange platform, with trade confirmation and clearing occurring at Eurex.
"We are pleased to have Virtu join as a committed liquidity provider for launch," says Hirander Misra, CEO of GMEX Group. "We continue to make great progress leading up to our launch in terms of on-boarding buy side firms, banks and futures trading houses both directly and through vendor connections."
"This decision to expand
Tom Carey & David Crosland of Carey Olsen, explore the introduction of the Limited Liability Partnerships (Guernsey) Law 2013…
In response to the increasing demand for limited liability partnership (LLPs) structures in Guernsey the Limited Liability Partnerships (Guernsey) Law, 2013 came into force on 13 May, 2104.
The key features of a Guernsey LLP are similar to those registered in other jurisdictions but certain enhancements have been made to the legislation to broaden the scope of their commercial use and to benefit sponsors looking to use Guernsey as a domicile for private equity funds.
Key features
A Guernsey LLP is a
Singapore Exchange will upgrade its derivatives trading and clearing platforms to further strengthen Singapore’s market infrastructure and to support the strong volume growth in SGX’s derivatives business.
The upgraded platforms, SGX TITAN, will ensure continued agility and innovation in terms of new products and services offered by SGX. It is designed to increase efficiency and lower trading and clearing costs for market participants. Industry standard access protocols, extensive self-help functionality and improved straight-through-processing will be the significant benefits from the upgraded infrastructure. SGX already offers the longest trading hours of any Asian exchange, and SGX TITAN will strengthen its risk
The Financial Industry Regulatory Authority (FINRA is to perform the majority of the The Chicago Board Options Exchange (CBOE) and C2 Options Exchanges’ (C2) regulatory services.
Additionally, CBOE entered into a separate agreement with FINRA, under which CBOE will assign to FINRA its responsibility to perform regulatory services for the Options Regulatory Surveillance Authority (ORSA), the central organisation facilitating collaboration in insider trading surveillance and investigations for all US options exchanges.
FINRA will begin to perform all of these services on 1 January, 2015.
Regulation of CBOE Futures Exchange (CFE®) will continue to be provided by CFE Regulatory Services staff.
By Chris Humphries, Managing Director, Stuarts Walker Hersant, Attorneys-at-Law – The Cayman Islands continues to be the leading offshore jurisdiction for mutual funds and hedge funds. Its position as the premier jurisdiction is as a result of innovative legislation and the absence of taxation together with the presence of sophisticated and professional service providers and a favourable regulatory environment.
The Cayman Islands offers:
• A straightforward fund registration procedure.
• A flexible investment fund regime within a clear and effective regulatory environment.
• Experienced legal, administrative and accounting service providers.
• No requirement to have Cayman Islands based directors or
