Solutions
The Market Authority of the Channel Islands Stock Exchange is making available transaction settlement at Euroclear UK & Ireland for CISX-traded open ended investment companies from 30 November 2009.
The CISX has been trading Oeic since March 2005, and will now be able to offer listed issuers in UK-domiciled (including Guernsey and Jersey) Oeic transaction settlement at Euroclear UK & Ireland for transactions on or outside dealing days.
Euroclear UK & Ireland is the central securities depository for UK, Irish and Channel Island securities and already provides settlement and related services for a wide range of securities traded on the
Gain Capital, a global provider of online trading services, has launched ForexTrader Pro, the latest version of its margin trading platform for active traders.
"Forex traders demand cutting edge tools. Our goal is to stay ahead of the curve with our proprietary trading technology and deliver a competitive advantage to our customers and partners," said Glenn Stevens, chief executive of Gain Capital. "The new ForexTrader Pro is a robust solution for active traders looking for advanced technical analysis capabilities, sophisticated order management and the ability to customise their trading environment to their specific needs."
ForexTrader Pro delivers a new user
Gravitas Technology, a technology and solution provider to alternative investment and financial services companies, has launched The Gravitas Fractional CIO offering to provide strategic information technology guidance to hedge funds.
This is the first fractional CIO service targeted exclusively to hedge funds and private equity firms.
Chief information officers play a critical role at both large and small funds. The CIO is responsible for identifying, recommending and developing technology solutions that control the firm’s internal and external information flows and directly impact fund performance and business efficiency. A CIO is also responsible for ensuring the company’s information technology investments are
TradingScreen, a provider of execution management systems, has launched TradeSmart X, the next generation version of its multi-broker multi-asset class flagship product.
It will be showcased at the TradingScreen Tenth Year Anniversary Party on 24 September at the New York Nasdaq MarketSite and made available for release on 25 September.
TradingScreen’s flagship product, TradeSmart, is a customizable front-end graphical user interface that enables buy-side clients to trade a broad portfolio of financial instruments, around the clock, on any market and with a wide range of counterparties. It aggregates multiple dealers and multiple asset classes (listed and OTC) onto a single
NYSE Arca Europe has added 334 large and mid cap stocks to its current instrument list, further broadening its proposition covering 13 European indices.
From today, members of the pan-European multilateral trading facility can trade a total of 794 stocks via its ultra-low latency universal trading platform.
Robert Barnes, managing director, equities, UBS Investment Bank, says: “By extending its stock universe, NYSE Arca Europe admits for trading a list of names that more fully reflect the wider European Equities market.”
Virginie Saade, head of NYSE Arca Europe, says: “The considerable extension of our trading offer was developed in close cooperation
EIM, a global manager of tailor-made portfolios of hedge funds, has appointed Deutsche Bank to assist in the creation of a dedicated managed account platform.
The new initiative aims to provide clients by the end of the year with enhanced controls, transparency and risk management.
EIM and Deutsche Bank believe the initiative will offer significant enhancements for hedge fund investors.
In particular, its features will include: unconstrained access to a broad range of managers and strategies; mutually agreed and binding investment guidelines between EIM and managers; and independent administrators and custodians.
EIM will be responsible for the creation of
Denver Alternatives has launched a separately managed account structure that provides alternative investors with enhanced multi-strategy and multi-manager capabilities.
The United Alpha Account offers investors greater control over their assets including increased transparency, incentive fees based on the performance of the overall account, and no artificial liquidity constraints.
Investors have access to any combination of ten different alternative strategies managed in-house by seasoned professionals with strong long-term performance records. Denver Alternatives’ portfolio managers can provide the allocation among these strategies or implement an allocation decision as directed by the client or its consultant. Realignment of individual strategy weights can be
State Street has launched eHorizon, its enhanced global accounting system for asset managers and institutional investors.
The solution delivers new levels of functionality, accommodating multiple accounting bases and providing greater flexibility in managing complex fund structures such as fund of funds, pooling, master-feeder and multi-managed arrangements.
State Street says customers are increasingly looking to outsource their accounting requirements to create operational and technological efficiencies, minimize risk and support new products and global expansion. Global expansion requires that asset managers and owners manage multiple accounting bases, such as GAAP, IFRS and local market tax practices. Since each customer has unique needs,
Sophis, a provider of portfolio and risk management solutions, and J.P. Morgan’s prime brokerage business have introduced iSophis, a new technology that will allow hedge funds to manage their portfolios across multiple prime brokers.
iSophis provides integrated portfolio and risk management services through a simple application service provider model. It can provide hedge funds with in-depth reports on P&L analysis, performance attribution, and risk exposure.
iSophis can also help hedge funds calculate risk measurements including stress testing as they scale up their trading volumes or broaden existing strategies to include additional asset classes, all of which are covered by iSophis.
European Central Counterparty has restructured its fees and set a new low clearing price standard for European equity trades.
