Solutions
SEI has expanded the regulatory component of its operating platform, adding technology and process enhancements that enable managers to streamline the regulatory filing process.
SEI's Investment Manager Services (IMS) division is a global supplier of customised operating infrastructure and services to investment organisations, representing more than USD13trn in assets under management.
SEI's regulatory solution is designed to help fund managers meet new requirements of the Foreign Account Tax Compliance Act (FATCA) and Form CPO-PQR, which affects only commodity pool operators. It also enables private fund managers to meet requirements of Annex IV reporting under the Alternative Investment Fund Managers
Liquid Holdings Group, a provider of a single platform that integrates order and execution management with real-time risk, reporting, shadow NAV and managed services in the cloud for the financial services community, has been named by Hedgeweek readers as the Best Risk Management Software Provider for 2014.
In its fifth year, the annual Hedgeweek Awards are decided by Hedgeweek magazine’s subscriber base of 56,000 professionals, which include practitioners from hedge funds and other asset managers, institutional investors, service providers, analysts, and academia.
This year’s awards were determined by 1,600 Hedgeweek subscribers, who assessed and voted on the best hedge
Low-touch channels are anticipated to receive more than 40% of the commission wallet for the first time in 2014, up from 35% in 2013, according to TABB.
Rebecca Healey, a TABB senior analyst, says that over 60 per cent of the buy-side are now selecting algorithms according to strategy, not the underlying broker, a changing selection process impacting how brokers need to adjust their low-touch offerings in 2014.
“The ranks of the leading buy-side head traders who appreciate that they need to rely on greater technology, rigorous analysis and improved trading processes to survive are swelling,” says Healey.
In part two
Average daily volume (ADV) in futures on the CBOE Volatility Index (VIX Index) and total exchange-wide ADV at CFE reached record levels in February 2014.
Also during the month, the exchange launched trading of futures on the CBOE Short-Term Volatility Index (VXST).
Average daily volume in VIX futures reached a new record of 216,797 contracts during February, a 35 per cent increase from February 2013 and a three-percent increase from January.
February's ADV topped the previous ADV record of 210,674 contracts in June 2013. February trading volume in VIX futures totalled 4.12 million contracts, a 35 per cent
The international derivatives markets of Eurex Group recorded an average daily volume of 7.9 million contracts in February 2014, down from 8.7 million contracts in February 2013.
Of those, 5.4 million were Eurex Exchange contracts (Feb 2013: 6.3 million), and 2.6 million contracts were traded at the US-based International Securities Exchange (ISE) (Feb 2013: 2.7 million).
In total, 157.4 million contracts were traded, thereof 108.9 million at Eurex Exchange and 48.5 million at the ISE.
Eurex Exchange recorded in its equity index segment, the largest product segment, 50.7 million contracts compared with 56.9 million contracts in February 2013.
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR102.6bn in February 2014, up from EUR93bn in February 2013.
Of the EUR102.6bn, EUR93.4bn were attributable to Xetra (February 2013: EUR85.2bn) and EUR4.7bn were attributable to the Frankfurt Stock Exchange (February 2013: EUR4.5bn).
Order book turnover on Tradegate Exchange totalled approximately EUR4.6bn in February (February 2013: EUR3.3bn).
In equities, turnover reached EUR88.7bn on Deutsche Börse’s cash markets (Xetra: EUR82.4bn, Frankfurt Stock Exchange: EUR2.2bn, Tradegate Exchange: EUR4.2bn). Turnover in bonds was EUR1.1bn, and in structured products EUR1.4bn. Order book turnover in ETFs/ETCs/ETNs amounted to EUR11.2bn.


The annual re-weighting of Euronext’s AEX, AMX and AScX indices will take place after close of the markets on 21 March 2014.
The changes in the composition of these indices will be effective from 24 March 2014.
With regard to the AEX, Royal Boskalis Westminster, Delta Lloyd and OCI will be included, while Air France KLM, PostNL and Royal Imtech will be excluded.
For AMX, Accell Group, Air France KLM, Arseus, Exact Holding, PostNL, Royal Imtech and Sligro Food Group will be included, while AMG, Royal Boskalis Westminster, Delta Lloyd, Heijmans, OCI, Pharming Group and Unit4 will be
Apex Fund Services has launched its three hour hedge fund net asset valuation (NAV) reporting service called Tzero, giving fund managers a high speed portfolio valuation service.
The Tzero service will leverage Apex’s real-time portfolio management product Apex Vision giving managers access to a powerful reporting tool that can accommodate any investment style or strategy.
Tzero is capable of managing all “liquid and listed” asset classes and will be accessible to Apex’s clients in any of its 34 global offices.
Via Apex Vision’s technology, managers are given a front and middle office solution, live feeds from brokers and
The global trading industry has begun implementation of the guidelines set down by the FIX Trading Community to reduce operational risk and enable more efficient set up of clients on OTC electronic trading platforms.
The Trading Enablement Standardisation Initiative (TESI), launched in January 2013, has been working with a number of platforms to promote automation and standardisation of important client information such as:
• Enable a brand new buy-side trader
• Setting the risk profile for a new buy-side trader
• Enabling new products for an existing buy-side trader
By using the FIX Messaging language to transmit this
Enhance Group, a Jersey-based investment consultancy firm, has selected Unity NXT AIFMD Transparency Reporting from Confluence for its AIFMD transparency reporting requirements.
“Considering the highly detailed and complex task of collecting and validating the data, calculating the responses and filing the reports electronically in the specific technical and language requirements of multiple regulators, we were looking for a robust technology solution that provided us with accuracy, control and a fully auditable process,” says Enhance Group alternative investment consultant Nicola Le Brocq.
“Confluence has deep expertise in alternative investment data management and automation and a proven track record with similar
