Solutions
Apex Fund Services, a fund administration business, has launched a middle office fund administration service that gives hedge funds a real-time portfolio management system.
Apex has licensed Nirvana Solutions’ Software as a Service platform to provide hedge fund managers of all sizes with bespoke, real-time risk and profit and loss information services.
At the touch of a screen Nirvana will provide a fully hosted and managed interface for hedge fund managers, whilst Apex, via its global network, will provide a suite of reconciliation and administration services in real-time.
In addition to ensuring managers fulfill their compliance and regulatory requirements in
Eze Castle Integration, a provider of IT services, technology and consulting to the investment industry, has launched a subsidiary called Ledgex Systems.
The new company is delivering a fund of funds technology platform that streamlines the investment management process.
The Ledgex platform helps fund of hedge funds, pensions and private equity funds organise, manage and automate their business data and processes faster and more efficiently.
The Ledgex platform includes:
• Ledgex Manager: a portfolio management system for investment managers, the Manager module delivers advanced analytics, administration and decision support to manage the investment pipeline and due diligence, estimate tracking and final
EuroCCP has partnered with Swift’s central trade matching platform to provide prime and executing brokers central counterparty clearing services for their over-the-counter pan-European equity trades.
The collaboration is one of the first to offer European prime and executing brokers the benefit of a CCP protection for their OTC equity trades.
EuroCCP will fulfill the obligations to settle the trade even if one party to a transaction defaults.
The brokers’ operational processing and settlement flow will be streamlined through netting multiple trades in the same security into single settlement obligations.
Diana Chan, chief executive of EuroCCP, says: “EuroCCP is focused on
Derivatives exchange Eurex will be launching a future that is based on notional short-term debt instruments issued by the Republic of Italy (Buoni del Tesoro Poliennali – BTP) on 18 October 2010.
The contract will complement the Eurex benchmark interest rate derivatives family; along with the existing ten-year Euro BTP Future, the short-term BTP contract will serve as an appropriate hedging instrument for all non-triple-A-rated European government bonds as well as for other interest rate instruments (such as swaps).
Following the launch of the new future, the short-term Italian government bond market will additionally benefit from the ensuing increase in
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure.
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and alternative investment management firms, has surpassed 30 applications in its hosted infrastructure.
The company has also been named a recommended hosting provider for Convergex Group’s Eze OMS, an order management system.
Eze Cloud was custom built for the alternative investment market and has supported more than 30 critical business applications, including Eze OMS.
As a recommended infrastructure provider
Newedge USA has brokered and centrally cleared its first dealer-to-client interest rate swap transactions at the International Derivatives Clearinghouse, a derivatives clearing organisation owned by the International Derivatives Clearing Group and regulated by the US Commodity Futures Trading Commission.
The initial interest rate swap transactions totaled over USD100m in notional value and involved asset manager and dealer clients.
Newedge joined IDCH’s client clearing platform as a member in March 2010.
“Our membership with IDCG is an important extension to the OTC clearing platform we offer our clients,” says Nicolas Breteau, Newedge’s chief executive. “Newedge has devoted considerable resources
The Newedge Volatility Trading Index rose by an estimated 1.33 per cent in August, following an estimated increase of 2.58 per cent in July.
Since inception, the index is up 5.52 per cent.
The number of constituent funds is nine. They are: Acorn Derivatives – Absolute Return Offshore; Amundi Funds Volatility World Equities; BAM Opportunity Fund; Bay Hill Capital Fund; Cassiopeia Fund; JD Capital – Tempo Volatility Fund; KBD Capital Partners, class B; MM Capital Select Fund; and Swiss Alpha – Alpha Strategies Fund.
Newedge VTI is a performance measure for the volatility trading and arbitrage style within the hedge
Royal Bank of Scotland has launched 2,000 Turbos on NYSE Euronext in Paris, bringing the market total to 4,300.
These Turbos are already listed on NYSE Euronext in Amsterdam.
The Turbos introduced by RBS offer investors an increase in the choice of available strategies through exposure to a broad range of underlying assets: 31 French equities, 105 foreign equities, 44 indices, 24 commodities, ten currencies and seven bonds.
“RBS is proud to offer this comprehensive range of over 2,000 Turbos to French investors through NYSE Euronext, rounding out the French market with new scope for leveraged investment,” says
Fidessa group, a provider of trading systems, market data and connectivity to both buy-sides and sell-sides, has launched global market coverage for its fragmentation analysis tools, the Fidessa Fragmentation Index and Fragulator.
These free to use web-based services were first launched in Europe to provide an unbiased view of the true state of fragmentation following the introduction of the Markets in Financial Instruments Directive.
They now provide global content with specific regional analysis on the US, Canada, Japan and Asia as well as Europe.
The tools allow the trading community to analyse the fragmentation of liquidity in stocks and indices
Multi-asset brokerage and clearing firm Newedge has become the sponsoring clearer to GH Financials as the first remote trading member in Euroyen Futures on the Tokyo Financial Exchange.
Newedge worked with GH Financials to fulfill its trading requirements through the complex application process, providing assistance to both the exchange and the client.
TFX introduced the remote trading membership programme to accommodate growing demand from overseas investors for direct market access to the TFX market. The programme enables overseas investors to become members and access the TFX market directly to trade three-month Euroyen futures and options.
Targeting investors who will
