Solutions
Equinox Fund Management has added the commodity trading advisor, or CTA Program, Berkeley Quantitative Trading Company – Performance Program, LLC (BQ) to the investments held by the subsidiary of MutualHedge Frontier Legends Fund. MutualHedge is a mutual fund providing investors with exposure to an actively managed portfolio of multiple managed futures investments. MutualHedge has two classes of shares, which trade under symbols MHFAX and MHFCX.
Equinox selected Berkeley Quantitative for inclusion in MutualHedge because of BQ’s trading methodology and low correlation to trend-following strategies. Berkeley Quantitative uses multiple models in its quantitative, systematic trading approach; its strategy seeks profits by
CAISfunds, a New York based financial technology company providing an independent, alternatives investment platform to the wealth management community, has announced a strategic partnership with Fundspire, a provider of hedge fund analytics and portfolio management tools.
The Fundspire technology integration will add statistical analysis capabilities to the CAISfunds platform and allow advisors to analyse funds, optimise allocations, and construct client portfolios. Further, it will offer robust charting and report creation functions reflecting rolling statistics and correlations of a fund over varying investment periods. Fundspire provides a wide set of performance and risk metrics and market data for more than 1,500 indices
Coordinated global regulation for the over-the-counter (OTC) derivatives markets is creating a dramatically different market for interest rate swaps with central clearing for end-users, the use of organised trading facilities and increased transparency and reporting requirements.
In new research “The Changing Environment for Managing Interest Rate Exposure,” TABB Group says alternative methods of managing exposure will see greater adoption due to regulatory reform, specifically in the US and Europe where efforts will force standardised derivatives onto trading facilities with central clearing. This will create a new trading landscape for OTC interest rate swaps (IRS).
“New central clearing requirements for end-users
PLUS Markets Group has confirmed the details of the Swap Index Contract (SIC) which will be traded via PLUS Derivatives Exchange Ltd (PLUS-DX) and cleared through LCH.Clearnet Ltd (LCH.Clearnet). This is an important milestone towards the launch of PLUS-DX and the implementation of the strategy for the Company.
The SIC is an open-ended Index contract that provides exposure to full fixed-for-floating interest rate swaps via the FTSE Medium Term Interest Rate Swap (MTIRS) Index Series, which consists of 45 indices covering the USD curve from two to 30 years, including spreads and butterfly trades. Other major currencies are planned for
Renaissance Capital has selected Imagine Software’s award-winning hosted ASP service for real-time portfolio and risk management. Renaissance Capital is a Moscow-based firm managing cash equities, listed options, OTC options, futures, structured finance, and index products with a specific focus on emerging markets. The firm sought a reliable, proven risk management platform to improve efficiencies globally.
“We selected Imagine because its agility, global reach and customisation capabilities deliver the quality risk management we seek,” says Chris Carter, Global Head of Derivatives Trading. “Imagine’s user-friendly interface requires less training and its availability as a hosted service means I have real-time access
Eze Castle Integration’s Eze Cloud services are now available to London-based companies. Based on customer feedback, Eze Castle launched its cloud computing and hosted applications offerings in London last month and is already supporting six firms on the Eze Cloud.
In addition to the Eze Cloud expansion, Eze Castle is now a certified application hosting partner for Tradar’s Insight, the portfolio and accounting technology solution to the global buy-sell market, and Ledgex Systems, a leading fund of hedge fund portfolio management and monitoring platform. These new alliances give Eze Castle customers the ability to choose cloud and application hosting services
Eurex’s KOSPI Product exceeded the 1 million traded contracts threshold last Thursday, 12 May, for the first time since its launch on 30 August 2010.
Monthly trading volume has been increasing steadily, reaching more than 147,000 contracts in the current month (as of 13 May). Average daily volume is on record levels and totals more than 21,000 contracts in the current month. The current daily record of more than 29,000 order book traded contracts was achieved on 11 May 2011.
Eurex and KRX expect that volumes continue to grow in conjunction with the rising number of active end-customers as
NYSE Euronext (NYSE: NYX) has acknowledged the withdrawal of the proposal from Nasdaq OMX Group, Inc (Nasdaq: NDAQ) and IntercontinentalExchange Inc (NYSE: ICE) to acquire all outstanding shares of NYSE Euronext.
“As we have consistently maintained, the combination with Deutsche Boerse creates the world’s premier exchange group — a geographically diverse business across multiple asset classes that will create compelling long term value for our shareholders. We look forward to continuing to share this vision with shareholders and other stakeholders as we move toward our vote on 7 July,” says Duncan L Niederauer (pictured), Chief Executive Officer of NYSE Euronext.
NYSE Euronext’s
Custom House Global Fund Services has launched Phase Two of the CHARIOT Web Dealing platform, which breaks new ground in hedge fund administration practices.
Developed in partnership with financial technology specialist Comada, the CHARIOT Web Dealing Platform uses cutting edge technology to allow qualified investors to deal online into funds administered by Custom House. The facility is designed to increase efficiency in the subscription and/or redemption process saving vital time and, importantly, virtually eliminating the risk of trading error. The combination of best in breed technology coupled with Custom House’s rigorous internal controls has created a platform which is easy
MarketAxess Holdings has launched electronic trading for preferred stocks and consumer-based asset-backed securities (ABS) on its award-winning e-trading platform.
MarketAxess is the first electronic fixed-income marketplace to offer trading of preferred stocks for institutional investors, with liquidity provided by 13 market-making dealers through the MarketAxess corporate bond platform.
ABS trading on MarketAxess began in February and now has 14 market-making dealers providing liquidity to the platform, with 100 institutional investor customers signed up to trade. Product coverage includes credit cards, equipment leases, floor-plans, student loans, timeshares and autos.
Electronic trading of both ABS and preferred stocks takes place using
