Solutions
Butterfield Fulcrum has extended its technology platform by implementing Paladyne ClientLink, a client-facing front-and middle-office solution for fund administrators. This partnership will allow Butterfield Fulcrum to offer a shared technology platform that provides enhanced services across the entire operational workflow of a fund manager.
As well as providing a seamless interface between the fund manager and the administrator, Paladyne ClientLink includes trading and portfolio management tools bundled with a complete daily services offering across the entire trade lifecycle from trade execution and real-time portfolio reporting to cash management and daily reconciliation.
“With the implementation of Paladyne ClientLink, our existing
The Commodity Futures Trading Commission’s (CFTC’s) Office of General Counsel has issued a no-action letter on 24 October, 2011, permitting the offer and sale in the United States of Taiwan Futures Exchange’s futures contract based on the GTEX.
The GTEX is a broad-based, free-float, market-capitalisation-weighted composite index of highly capitalised and actively traded stocks listed on the board of the GreTai Securities Market, a non-profit organisation modelled after the NASDAQ. The GTEX index provides a performance benchmark for the Taiwanese over-the-counter securities market. As of 12 September, 2011, the total adjusted market capitalisation of the GTEX was approximately USD52 billion.
The exchange-traded derivatives market has been one of the few highlights of the post-financial crisis period, driven by innovative products such as exchange-traded fund options and volatility index derivatives in the developed markets of the US and Europe, along with the boom in equity, currency, and commodity derivatives in the emerging markets such as Brazil, India, and China, according to a new report from Celent.
Global Exchange-Traded Derivatives: A Silver-Lining Amid Dark Clouds?, reveals that exchange-traded derivatives have seen healthy growth rates over the last few years. In terms of notional amount outstanding, futures grew by 14.95% between 2005 and
ConvergEx Group has launched Spectrum, a new algorithm that gives portfolio traders the benefits of executing in a diverse array of domestic dark venues, while allowing them to maintain their required cash and sector balances. Designed by ConvergEx’s dedicated team of financial engineers, Spectrum enables users to trade cash neutral in the dark.
“For moving large orders with minimal market impact, dark liquidity is simply invaluable. However, portfolio traders, with their need to precisely manage risk and cash balances, have been virtually excluded from leveraging these dark pools. The timing and velocity of the dark pool fills is simply too random for
The Conifer Group has launched Conifer iCon, the first cloud-based solution delivering an entire suite of asset servicing processes, including a data repository and in-depth attribution reporting, from one customisable portal.
For the first time, hedge funds and other money managers can run investment operations via a browser without needing an expensive in-house technology infrastructure.
"As investors continue to clamour for enhanced performance reporting and transparency, accurate and timely risk and attribution reporting has become a top priority for hedge fund managers," says Jack McDonald, President and CEO of The Conifer Group. "By bridging every investment support process that managers
HazelTree Fund Services, a New York-based provider of Treasury management services to hedge funds, has appointed Wilson Pringle as a Managing Director in its New York office.
"We’ve seen unprecedented demand for HazelTree’s Treasury Suite product this year, and that demand has become heightened now that we are addressing Dodd Frank compliance with our new Form PF workbook," says HazelTree CEO Stephen Casner. "Our client base has more than doubled in recent months, so we are bringing Wilson in at precisely the right time to ensure that the level of specialised attention and service we’ve become known for continues unabated.
Fusion Asset Management has launched the Fusion FX Liquidity Hedge service for corporate clients. Fusion has been implementing this service for financial institutions since 2009 and is expanding into the corporate space due to demand from leading European corporations.
Kirill Ilinski, Fusion Managing Partner, says: “Several months ago I was approached by one of Europe’s largest exporting companies to discuss overlay solutions for their FX hedges. They were not being offered what they needed by their banks and they asked us to develop a bespoke solution for them. Since then we have received further demand, and brought on new salespeople
MF Global Holdings Ltd has acquired Strategy Runner Trading Ltd, a multi-asset front-end trading system and algorithmic trading solutions provider that enables professional traders and retail investors the ability to access, automate, distribute and implement trading strategies. The firm paid USD3.75 million for the acquisition.
This acquisition advances MF Global’s strategy to build a comprehensive multi-asset, multi-currency, electronic trading platform to meet demand among retail investors and professional traders for efficient, cost-effective global market access from a single point of entry. Strategy Runner’s platform currently offers trading in futures, foreign exchange and contracts for difference (CFD) markets around the world.
Following BlackRock’s recent proposals for reforming and enhancing the ETF market, iShares, the Exchange Traded Funds (ETF) platform of BlackRock, Inc. (NYSE: BLK), has launched a European-wide initiative that will support professional investors to evaluate and select Exchange Traded Products (ETPs).
The phenomenal ETP growth both in terms of assets and types of offering has led to demands for more transparency and higher service standards from investors and regulators alike. iShares’ Due Diligence campaign has been developed to respond to the challenges European investors face when analysing the diverse range of ETPs available to them. As part of the initiative,
September was a record month for over-the-counter (OTC) dry bulk freight trades in 2011. LCH.Clearnet Limited’s (LCH.Clearnet) market leading freight clearing service cleared a total number of 86,000 lots. So far this year, monthly volumes have averaged at approximately 71,000 lots and open interest now stands in excess of 285,000 lots.
Freight volumes have rallied in recent weeks as a result of volatility in capesize rates and increased Chinese demand for Iron Ore shipments from Brazil. Following a year of lower price volatility and weaker prices in general, September’s results represent a welcome positive inflection in the market.
Cleared volumes
