Solutions
Multifonds has launched Global Investor, which allows fund administrators to consolidate their investor servicing and transfer agency operations onto a single platform across all investment types.
Multifonds has developed its alternatives capability and extended the former Multifonds Transfer Agent platform to fully support alternatives, rebranding it Multifonds Global Investor in the process.
Five administrator clients are already committed to using Multifonds Global Investor, with three out of the five, including European Fund Administration (EFA), already using the platform to operate alternative and long-only funds together on the single investor servicing and transfer agency platform.
The platform already supports more
Monthly trading volume on MarketAxess, the electronic trading platform for US and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, totalled USD52.2bn in June.
This figure consists of USD32.7bn in US high-grade volume, USD2.5bn in eurobond volume, and USD17.0bn in other volume.
The CBOE Futures Exchange says June 2012 was the most-active trading month in CFE history and the second consecutive month of record trading volume at the exchange.
The most-active trading month in CFE history was driven by record volume in futures on the CBOE Volatility Index (the VIX Index), with June 2012 trading in VIX futures up 85 per cent over a year-ago.
During the record-breaking month, new all-time highs were established in total monthly volume, monthly average daily volume (ADV), single-day volume and weekly volume – both exchange-wide and for VIX futures. In addition, the second quarter of 2012
In June 2012 the international derivatives markets of Eurex Group recorded an average daily volume of 11.0 million contracts, down from 11.4 million in June 2011.
Of those, 8.5 million were Eurex Exchange contracts (June 2011: 8.6 million), and 2.5 million contracts (June 2011: 2.8 million) were traded at the US-based International Securities Exchange (ISE).
In total, 178.9 million contracts were traded at Eurex Exchange and 52.2 million at ISE.
At Eurex Exchange, the equity index derivatives segment grew by five per cent and totalled 86.6 million contracts (June 2011: 82.3 million) – the best monthly volume in 2012. The
By Thomas Zdon – A year or two on from the financial crisis Hedge Fund firms were still reeling from the impact of the market on the absolute return model of the industry. Confronted with fears around risk and exposures founded by well publicized counterparty collapses, firms sought to regain investor confidence while shoring up best practices around risk management.
Core to the new paradigm was a multi-counterparty model designed to take advantage of the lower custodial trading fees and to reduce counterparty risk while expanding product offerings (SMA, UCITS) to bolster a somewhat eroding bottom line.
A direct impact
Gravitas has launched Gravitas Private Cloud, an expandable, secure cloud solution based on leading converged infrastructure systems from VCE.
The Gravitas Private Cloud is an industry vertical cloud, designed for the unique computing and hosting needs of alternative asset managers, from startup to established funds.
Gravitas Private Cloud combines the advantages of cloud computing – flexibility, scalability and lowered upfront costs – with the turnkey infrastructure and security that regulated financial firms require supported by the managed services required to run this effectively. The Gravitas Private Cloud enables deployment of a fully-functional IT system in days, as compared to weeks for
The European Energy Exchange (EEX) will spin off the Natural Gas Spot and Derivatives Market into a separate company owned to 100 per cent with the corporate name “EGEX European Gas Exchange”.
Five years after the launch of exchange gas trading in Germany, this step paves the way for cooperations in the field of natural gas trading.
In July 2007, EEX launched the Natural Gas Spot and Derivatives Markets in two German market areas. Since then, the offer in natural gas trading has been expanded continuously.
Today, trading participants can conclude trading transactions on the Spot Market for delivery in
Buy-side interest rate swap clearing volumes have grown rapidly during the first half of 2012 as hedge funds and other asset managers have raced to begin central clearing ahead of the imposition of Dodd-Frank. HedgeWeek looks at developments in store for the rates clearing space in the coming six months ahead of the anticipated go-live date for the Dodd-Frank clearing mandate in the US.
After years of false starts and disappointed expectations, buy-side central clearing of interest rate swaps has finally and quite suddenly roared into life.
Last month LCH Clearnet announced that its SwapClear platform has cleared more than
The Eurex Exchange Council has unanimously approved the planned introduction of a completely new trading architecture at its regular meeting. This approval meets a major legal requirement.
The introduction of the new trading system will, among other things, also require an amendment to the Exchange Rules to also be approved by the Exchange Council. The migration is scheduled to begin in December 2012, with products transferred from the current to the new system in four stages.
“The new trading system will give Eurex customers access to the latest technology. The change will ensure that the essential requirements of participants are
Hedge funds lost 2.98% in May, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 1.77% in 2012.
“Falling equity prices worldwide weighed heavily on hedge fund performance in May,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Funds trading in companies within the energy and natural resource sectors were hit particularly hard, as fears of slowing growth in China and a recession in Europe put investors back into risk-off mode.
“Equity Long Bias, European Equities, Emerging Markets, and Pacific Rim Equities traders all took losses for the second month in a row,” says
