Solutions
Qannas Investments Limited is to apply for the admission of its shares to trading on AIM, a market of the London Stock Exchange Plc and to proceed with an initial offering by way of a placing of its ordinary shares to institutional and other investors.
The Company will take the form of a newly-established, closed-ended investment company incorporated in Jersey and regulated by the Jersey Financial Services Commission. Abu Dhabi Capital Management (ADCM), an alternative investment management firm based in Abu Dhabi, will act as investment manager to the Company.
Qannas will seek to generate a target IRR of
Direct Access Partners has launched ETF Liquid providing a centralised source of aggregated liquidity in the overnight market for Exchange Traded Funds. ETF Liquid offers enhanced pricing and greater market depth for Direct Access Partners’ institutional client base. The group acts in an agency-only capacity ensuring conflict-free, anonymous trading.
The new division provides DAP’s buy side customers enhanced trading options for international ETFs. During volatile periods ETFs that reflect international markets trade purely on the basis of US domestic supply and demand — not on the underlying NAV of the component equities. ETF Liquid permits our institutional clients including mutual
BlackRock’s iShares Exchange Traded Funds (ETFs) business is to list eight new ETFs on BATS Exchange, marking BATS’ first primary listings.
The iShares MSCI Norway Capped Investable Market Index Fund is scheduled to commence trading on BATS Exchange on January 24 and the remaining seven funds will begin trading soon after.
"iShares is one of the leading global providers of exchange-traded products and we are proud to kick off the new year by welcoming their new products to our market. The innovation and leadership that iShares brings to capital markets makes them the perfect partner for our first primary listings,"
Sell-side trader short recommendations totalled 41% of net trade ideas in 4Q11, up from 36% in 3Q11, 34% in 2Q11, and 33% in Q1 2011, according to the latest data released by TIM Group.
Over the course of the Q4 2011, however, the short percentage began to subside. It started the quarter at 40%, peaked at 46% the last week in October, and then fell fairly steadily to 37% by early December.
More than 33% is considered bearish as it indicates more than one short for every two longs.
The last time the quarterly short percentage was 40% or more
CBOE Futures Exchange is to launch trading in security futures on the CBOE Emerging Markets ETF Volatility Index, pending regulatory approval.
The VXEEM Index reflects the implied volatility of the iShares MSCI Emerging Markets Index exchange-traded fund (ETF) (ticker:EEM). EEM options were the eleventh most actively traded option at CBOE in 2011.
In addition to hedging emerging markets volatility exposure or making direct plays on emerging markets volatility, VXEM security futures – in conjunction with other volatility products – will allow market participants to trade cross-index or cross-asset volatility.
Barclays Capital will be a Lead Market Maker for VXEM security
The Commodity Futures Trading Commission (CFTC) has issued a letter informing the North American Derivatives Exchange (NADEX) that it has commenced a 90-day review of NADEX’s proposed political event derivatives contracts. The review is based on the possibility that these contracts may involve, among other issues, “gaming or an activity that is unlawful under any State or Federal law.”
The Commission requested that NADEX suspend the listing and trading of its proposed contracts during the review period.
The CFTC has posted NADEX’s submission on its website and is seeking public comment on the proposal during a 30-day comment period. In
Scoach achieved a trading volume of EUR62 billion in Zurich and Frankfurt in 2011, making it Europe’s number 1. Its total offering of over 800,000 tradable products is actually the largest in the world.
Turnover in Frankfurt was EUR19.6 billion in 2011. This represented a year-on-year increase of 2.7 million executed transactions or 8.6 percent. 2011 saw the introduction of the Hong Kong dollar (HKD) as a trading currency, among other new developments. In the German market the number of products listed rose to 780,000 by the end of 2011 (a 50% increase year-on-year). Up to 6,000 securities are admitted
The international derivatives markets of Eurex Group ended 2011 with a turnover of approximately 2.8 billion contracts, compared with 2.64 billion in 2010. The total volume for 2011 splits into 2.04 billion contracts traded at Eurex Exchange (2010: 1.9 billion) and 778.1 million contracts traded at the International Securities Exchange (ISE) (2010: 745.2 million).
This corresponds to a daily average trading volume of 11.1 million contracts (2010: 10.4 million), thereof 8.0 million contracts at Eurex Exchange and 3.1 million contracts at ISE.
At Eurex Exchange, the equity index derivatives segment was the largest in 2011 with a total volume of
SEI has unveiled a new service that assists SEC-registered investment advisers of private funds in meeting their Form PF obligations.
Form PF was recently jointly adopted by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It requires SEC-registered advisers to hedge funds and other private funds with at least USD150 million in private fund assets under management to report information to the Financial Stability Oversight Council (FSOC) to enable the FSOC to monitor risk to the US financial system.
Having worked closely with industry consultants and after performing considerable analysis, SEI has developed a
SYZ & CO has has launched OYSTER Multi-Manager Tail & Trading, a new sub-fund of its Luxembourg Part II SICAV 3A Alternative Funds.
Devised by SYZ Asset Management, this innovative new fund combines two complementary alternative strategies in order to provide investors with protection in the current environment, which is generally unfavourable to traditional asset classes. It thus combines decorrelated CTA funds with funds that pursue a strategy of active protection against extreme risks (“tail risk”). Thanks to its low correlation with the financial markets and other alternative strategies, this new fund aims to provide a significant improvement in the
