Day: September 5, 2019

Strong CTA Performance Extends Through August

Following a strong July, CTAs reported positive performance again in August, according to data from Societe Generale (SG). The SG CTA Index was up 3.45%, adding to gains of over 10% year-to-date for these firms, which would put them on track for their best year since 2014. Short-term CTAs also made performance gains in August, […]

Messing Joins TP Icap

Bruce Messing has joined TP Icap as a senior sales manager in New York. Messing joins from Broadridge where he had worked as vice president, strategic solutions sales/head of client services for the past three years. Prior to that, Messing spent over eight years at Thomson Reuters (now called Refinitiv) working for the firm initially […]

CLS Hires Johnstone

CLS has appointed Masami Johnstone as head of information services. In this role, she will be responsible for the ongoing development of CLS’s data business and building out its analytical capability. Based in London, Johnstone joins from Euronext, where she was head of buy side sales, responsible for advanced data sales and development. Prior to […]

P&L Talk Series: Kim Winding Larsen

Days after being confirmed as the next President of ACI – The Financial Markets Association, Kim Winding Larsen talks to Colin Lambert about the job facing him and what he wants to achieve in his new role. Colin Lambert: You have been involved with ACI FMA – and Danske Bank – for a long time; […]

US Authorities Fine OCC

The Securities and Exchange Commission and the US Commodity Futures Trading Commission have announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to implement policies to manage certain risks. According to the SEC’s and CFTC’s respective orders, Chicago-based OCC failed to establish […]

ISDA to Create Custody Function for IM

The International Swaps and Derivatives Association (ISDA) and Linklaters have announced the addition of a new custody function on ISDA Create’s initial margin (IM) offering, which will enable users to complete all documentation required for regulatory IM on a single platform. BNY Mellon will be the first custodian to go live on the platform. ISDA […]

And Another Thing…

The UK’s Financial Conduct Authority has issued a warning that trading on unpublished polls ahead of a UK general election or, who knows, another Brexit Referendum, could constitute a breach of its market abuse rules – although given the pollsters’ recent performance around the world one has to question why anyone would bother except as […]