Solutions
Trident Trust Group, a leading independent provider of corporate, trust and fund services to the financial services sector worldwide, has established a dedicated fund services division, Trident Fund Services.
“Establishing Trident Fund Services reflects the scale and continued growth of our funds services capabilities,” says Karine Seguin, Head of European Business Development at Trident Fund Services. “We already act for more than 300 funds around the world and intend to grow this number through offering clients a compelling combination of global reach, personal service and the collective knowledge of one of the most experienced management teams in the business.”
Cowen Group, Inc has launched the Ramius Trading Strategies Managed Futures Fund providing investors with access to a portfolio of institutional-caliber managed futures managers in a daily liquidity format utilising Ramius’ proprietary managed account infrastructure, which allows for position level transparency and enhanced risk analytics.
The fund commenced operations on 13 September, 2011, and has approximately USD230 million in assets under management. It is managed by William Marr, President and CEO of Ramius Trading Strategies LLC ("RTS"), and Alexander Rudin, PhD, Director of Investment Research of RTS.
Thomas W Strauss (pictured), President and CEO of Ramius LLC, says: "With
Managed futures gained 0.16% in August according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, the Index remains down 0.51%.
“Increasing volatility across global markets provided profitable opportunities for most of the major sectors,” says Sol Waksman (pictured), founder and President of BarclayHedge.
Six of Barclay’s eight CTA indices had gains in August. The Barclay Diversified Traders Index was up 1.19%, Discretionary Traders gained 0.96%, Systematic Traders added 0.60%, and the Agricultural Traders Index rose 0.57%.
“Global equity markets declined sharply as fears of Lehman redux took hold,” says Waksman. “The rally in bond prices proved to be
Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, has launched algorithms for Mexican equities, including the proprietary Active algorithm, which has been customized for the structure and spread profile of the Mexican market.
The algorithms are available via ITG’s award-winning Execution Management System, Triton, as well as other widely used trading platforms and via FIX connection.
“Regulatory and technological changes are accelerating the move towards electronic trading in Mexico, and our tailored algorithms provide a valuable new tool for institutional asset managers seeking to access that market,” says Jeff Bacidore, Managing Director and
The Commodity Futures Trading Commission’s (Commission’s) Division of Market Oversight (Division) has issued a letter providing temporary relief from the requirements of the Commission’s regulations regarding large trader reporting of physical commodity swaps (§§20.3 and 20.4).
Because this is the first time that swaps data is being collected, this temporary relief is intended to provide sufficient time to enable both the industry and the Commission to develop and refine systems and processes that will be able to report these complex transactions.
On July 22, 2011, the Commission published large trader reporting rules for physical commodity swaps and swaptions. The rules require
CitiFX has launched a new multi-manager platform, CitiFX Access, offering a range of vehicles facilitating investment in FX managers via multi-strategy benchmark and actively-managed indices licensed from leading index sponsors.
The returns of these indices are driven by the performance of currency programs run by the most prominent hedge funds, asset managers and advisors in the industry. From inception, the platform will represent about 35 currency programs estimated to account for more than 50% of the assets under management in currency funds.
CitiFX Access is partnering with BarclayHedge, Parker Global Strategies, Absolute Return Strategies and Quaesta Capital — prominent research
Golden Prospect Precious Metals has announced a one for two bonus issue of subscription shares to all shareholders of the Company.
The issue of Subscription Shares is in recognition of the invaluable support the Company has received from its shareholders. The Board believes that a bonus issue of Subscription Shares will be beneficial to existing shareholders as it will provide them with an instrument which may be traded on-market and gives them the opportunity to participate in any future net asset growth of the Company through subscribing for ordinary shares in the Company ("Ordinary Shares").
John Wong, who manages the
Orc Group has launched Orc Market Maker for EMEA, a high-performance solution designed to address the most pressing challenges faced by market makers in today’s competitive markets.
Developed and proven on some of the most demanding instruments listed on EUREX, Orc Market Maker provides advanced market leading technology off -the-shelf at a fraction of the typical cost.
Orc Market Maker features a server based quoting engine and the ability to connect to multiple markets from a single screen. With support for options, warrants, and structured products, Orc Market Maker can be utilised across desks. Furthermore, customers have the choice
The Commodity Futures Trading Commission has issued an Order granting CME Clearing Europe Limited registration as a derivatives clearing organisation (DCO) pursuant to Section 5b of the Commodity Exchange Act (CEA).
CME Clearing Europe is a private limited company organised under the laws of England and Wales. Under the terms of the Order, CME Clearing Europe Limited is authorised to clear swaps (as defined in the CEA) on energy, agricultural (to the extent permitted by the CEA and Commission regulations), freight and metals products executed either bilaterally or on or through a swap execution facility. CME Clearing Europe Limited may
The Commodity Futures Trading Commission’s (CFTC’s) Office of General Counsel has issued a no-action letter on 31 August, 2011, permitting the offer and sale in the United States of Euronext Brussels’ (EB) futures contract based on the BEL 20 Index (B20).
The B20 is a free-float, market-capitalization-weighted index of the largest and most liquid 20 stocks listed on the EB, and it serves as the blue-chip index for the Belgian equity market. As of December 2, 2010, the total adjusted market capitalization of the stocks in the B20 was approximately USD89 billion.
