Solutions
Hedgebay Trading has launched the first hedge fund secondary market index.
The Hedgebay Global Hedge Fund Secondary Market Index provides hedge fund investors with statistics on the key aspects of the secondary market.
Most notably it offers the average discount or premium to net asset value of hedge fund shares traded during the month. It also includes the average discount or premium to NAV over one year and ten years, the highest and lowest individual prices of traded assets and the top two strategies traded.
The inaugural index has revealed another decrease in the average discount of hedge fund assets
NYSE Euronext will next month allow broker-dealers’ alternative trading systems and off-exchange market centres to print dark pool trades on the Finra/NYSE trade reporting facility and display the daily activity of each trading venue on NYSE.com.
“This is an example of NYSE Euronext and the industry working together to develop a positive solution to address the lack of understanding regarding the extent and nature of ‘dark pool’ trading , which has been a concern for regulators and legislators,” says Joseph Mecane, NYSE Euronext’s executive vice president and chief administrative officer for US markets. “We believe this will bring requisite and
Eze Castle Integration, a provider of IT services, consulting and technology to hedge funds and investment firms, has launched Eze CRM Powered by Dynamo 6.0, the newest addition to its managed services.
Eze CRM is a web-based solution that provides hedge funds and alternative investment firms with instant access to critical customer information, helping them strengthen investor relationships, increase reporting options and provide greater transparency.
Eze CRM is managed and supported by Eze Castle’s technical staff and delivered via software-as-a-service, providing industry-specific functionality that is deployed quickly and maintained easily, with less infrastructure and upfront capital than traditional client-server applications.
State Street Corporation, a provider of financial services to institutional investors, has added custody, cash management and foreign exchange services to its suite of front-, middle- and back-office administration services for hedge funds.
The expanded service offerings are in response to growing interest from hedge fund managers seeking to diversify risk by moving more services to global custodians during a challenging market environment.
“Counterparty risk is a heightened concern among hedge fund managers who are assessing safekeeping options for their cash and other assets,” said Jack Klinck (pictured), executive vice president and global head of State Street’s Alternative Investment Solutions
HedgeOp Compliance, a provider of compliance software and consulting services for alternative asset managers, has entered into an alliance with Strata Fund Services, a full-service administrator to the alternative investment industry, to provide Strata with its ComplianceTrak software platform.
Strata will use the software to service its clients and enhance its compliance offerings.
"We were looking for an efficient and cost effective way to enhance our compliance offerings to asset managers, and increase the number of clients we can service. ComplianceTrak, with its patented automated technology, will allow us to undertake, on a large scale, the reporting, monitoring and tracking
Instinet, a provider of electronic trading and agency-only brokerage services, has launched BLX, an algo-friendly dark pool for US equities that builds block trades by combining the liquidity aggregation benefits of point-in-time crossing with the flexibility of a continuous market.
BLX, which has been operating in a soft launch mode, recorded an average trade size of 15,719 shares in September 2009.
With BLX, Instinet aims to restore block-trading in the fragmented US equity market, as the platform aggregates multiple orders from both buy- and sell-side participants and consolidates them into block-size trades.
Given its multi-party participation model, BLX is able
Tokyo Stock Exchange has launched Tdex+ System, a trading platform for options contracts.
Tdex+ System is an electronic trading system based on Liffe Connect, which is used by NYSE Liffe.
It aims to improve order processing performance to six milliseconds of order response and about 20 thousand transactions per second.
In addition, TSE has also introduced the market maker scheme for all listed options contracts. Multiple market makers have started to quote, bid and offer continuously for options on JGB Futures and Topix options and equity options.
Atsushi Saito, president and chief executive of Tokyo Stock Exchange, says: “Today’s launch
Linedata Services, a provider of investment and credit software, services and support, has launched version six of its Beauchamp FundManager product, a portfolio management solution for alternative investments.
New features in Beauchamp FundManager include counterparty risk reporting; increased throughput; enhanced fixed income coverage; and improved financing calculation.
Counterparty exposure reporting capabilities are now available to help managers understand their exposure to a counterparty across their portfolio. Developed in close collaboration with clients and now available as part of the core product, Beauchamp FundManager reporting includes both standard and configurable reports.
Beauchamp FundManager’s architecture improvements include parallel processing of position
J.P. Morgan Worldwide Securities Services has developed an asset allocation and manager selection analysis tool that enables clients to plan and map the risk-return implications of their current and new portfolios.
The Portfolio Construction Tool allows plan sponsors and other institutional investors to see which portfolios potentially generate the optimal risk-adjusted returns.
It is delivered as a module on J.P. Morgan WSS’ Online Portfolio Analytics Lab, launched earlier this year. The lab provides online access to various investment performance and risk measurement tools that allow users to evaluate and rank managers, break down sources of return, analyse risk factors,
CarryQuote a provider of integrated desktop and mobile financial information solutions, has signed its reseller agreement in the US with EmergingTraders.com, an alternative investment management company.
The partnership enables EmergingTraders.com to offer a branded version of the CarryQuote solution to its universe of managed futures traders and investors, and expands CarryQuote’s domestic presence.
The CarryQuote solution provides real-time pricing data, actionable analytics, and personalised alerts through an integrated mobile and online interface.
By offering a branded, white-label application for investors, EmergingTraders.com can increase its number of customer touch-points and generate greater visibility among its user base of more than 10,000
