Solutions
Vistra announced has been selected to provide fund administration services for the innovative Privium Selection Fund platform (SCA SICAV-SIF) via its specialist fund services division operating out of Luxembourg.
The Privium Selection Fund will be managed by Privium Fund Management (UK) Limited. The Privium platform proves a flexible one stop Luxembourg based solution for the launch of differing styles and sizes of funds, each backed by competitive pricing options.
Vistra Fund Services has worked closely with Clayton Heijman of Darwin Platform and Loyens & Loeff, Luxembourg on the set up and marketing of the specialised platform. Ivo Hemelraad (pictured, Managing
Butterfield Fulcrum has established a presence on the West Coast to be led by Brian Young. Based in the Pacific Northwest, Young, a Director of Business Development, will be responsible for promoting Butterfield Fulcrum’s fund administration services to investment managers across the west coast and mid-west markets. Previously, he was located in New York having joined Butterfield Fulcrum in 2010.
“There are tremendous opportunities for Butterfield Fulcrum to provide its full-service administration offering to the investment communities on the west coast as well as the mid-west as these markets are home to a vast number of hedge funds, fund
LCH.Clearnet has agreed to extend the arrangements under which LCH.Clearnet SA provides clearing services to the European Securities and Continental European Derivatives Markets of NYSE Euronext.
Termination of these arrangements was scheduled to occur in November 2012, following the notice given by NYSE Euronext in May 2010. The agreed extension means that the current clearing arrangements will continue to June 2013 for Derivatives and December 2013 for Cash. There are no changes to the contractual arrangements in place between NYSE Liffe Clearing and LCH.Clearnet Ltd, in respect of NYSE Euronext Derivatives in London.
Duncan Niederauer (pictured) Chief Executive Officer of
Deutsche Bank’s Global Transaction Banking Division’s Trust & Securities Services (TSS) unit has expanded the brokerage services offered by Deutsche Bank Securities Inc (DBSI), Deutsche Bank’s registered US broker-dealer subsidiary, to create dbRemarket. The new service , which launched on 14 June, will provide investors with a transparent way of effecting the purchase or sale of holdings in private equity and hedge funds in the secondary market.
The service is designed to provide an independent platform to allow buyers and sellers to avoid protracted negotiations and to streamline the transfer of fund interests. Bidding will be conducted electronically through
ConvergEx Group, a leading technology company, has launched Eze Data Management, a highly extensible, multi-asset class data repository that provides the tools for data enrichment, maintenance of "golden copy" reference data, as well as aggregation, tracking and reporting on performance and risk data.
The new product seamlessly integrates with ConvergEx’s award-winning Eze OMS and other systems including industry-leading accounting and risk platforms to provide streamlined workflows for data management, reporting and analysis.
The new product includes two core modules: Eze Reference Data Manager and Eze Performance Manager. Eze Reference Data Manager provides firms with a central location for managing their
A new option on the Dow Jones UBS Commodity Index is to be admitted for trading on the Eurex Exchange on 27 June 2011. The new option will complement the future on the Dow Jones UBS Composite Index already listed as well as the nine other futures on the entire range of the Dow Jones UBS family subindices.
“In launching the option, we are taking the next logical step and reacting to the increased interest of our clients in exchange-traded index products in this asset class. Trading in the index future should benefit considerably from the availability of an option,”
BNY Mellon has created a new company to clear futures and derivatives trades on behalf of institutional clients in Europe, Middle East and Africa. Headquartered in Dublin, the business, BNY Mellon Clearing International Limited (BNYMCIL) is the first MiFID authorised futures and derivatives clearing entity in Ireland and is regulated by the Central Bank of Ireland.
It plans to become a clearing member on major exchanges and central clearinghouses globally to support the trading activities of BNY Mellon clients and intends to lead to the creation of 50 new jobs in Ireland over the next two years.
BNY Mellon Clearing International
As part of the continued evolution of its global FX platform, RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), has launched Reuters Trading for Foreign Exchange (RTFX).
RBC Capital Markets is already a globally active market maker in spot, forward, swap and option products in all major currencies, and becomes the first Canadian bank to act as a market maker through the RTFX FX trading community, which encompasses more than 650 financial institutions.
“Our network of major international trading hubs gives our clients on-the-ground service with round-the-clock execution capabilities
NYSE Euronext (NYX), has achieved several key milestones in trading on European Cash markets, establishing the exchange as the leading marketplace for trading.
Independent figures show that its presence time at the European Best Bid and Offer (EBBO), thereby ensuring market participants have access to the best available prices at a given time, increased from 65% to 85% between January 2010 and April 2011 on its key blue chip indices stocks, further strengthening its position as the no1 trading venue in terms of Market Quality.
Market quality is a key differentiating factor for investors and brokers when selecting a
Singapore government bonds (SGS bonds) can be traded on Singapore Exchange (SGX) from 8 July 2011. This initiative is expected to improve price transparency and liquidity in SGS bonds, and provide investors with a safe investment alternative that can give both capital protection and steady returns.
With the new offering by SGX, investors will be able to access SGS bond prices on SGX’s website or through their brokers, and trade SGS bonds through their brokers in a manner similar to the way stocks are traded. Currently, investors can only buy and/or sell SGS bonds through dealer banks.
A total of
