Hedge Funds, CTAs, Positive in August

Hedge funds and CTAs provided positive returns in August according to Backstop BarclayHedge, the firm’s Hedge Fund Index was up 2.38% on the month, while its CTA Index rose 0.24% Just four of the 30 hedge fund sub-indices were negative on the month, the worst performer being Emerging Markets Latin American Equities at -2.52%. Conversely, […]
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Deutsche Traders Guilty in Spoofing Case

Two former Deutsche Bank precious metals traders have been found guilty in a Chicago court of spoofing precious metals markets. James Vorley and Cedric Chanu were convicted of three and seven counts of wire fraud respectively, however they were cleared of conspiracy charges. Vorley, who was based in London, and Chanu, who worked in both […]
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Settlement Risk Remains High on GFXC Agenda

Following its latest teleconference meeting, the Global Foreign Exchange Committee (GFXC) has reiterated its focus on settlement risk gaps in the FX market and says it will strengthen its guidance on settlement risk as part of its ongoing review of the FX Global Code. Highlighting recent incidents in the Turkish lira, where borrowing rates of […]
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BoE Questions Decision to Drop Spot FX Market Abuse Regime

As part of its response to the findings of an internal investigation conducted after it was revealed that audio recordings of its press conferences were being sold to market participants, the Bank of England has flagged revisiting a previously ignored recommendation of the UK’s Fair and Effective Markets Review (FEMR) to create a new statutory civil […]
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MarketAxess Buys Deutsche Borse Regulatory Reporting

Following news that CMEW Group was shutting its regulatory reporting business in Europe and Asia earlier this year, Deutsche Borse has also signalled an exit from that market with the sale of its Regulatory reporting Hub to fixed income trading platform MarketAxess. The Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables […]
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Bitfinex Launches Data Feed Terminal

Digital asset trading platform Bitfinex has launched Bitfinex Terminal, a real time market data feed for algorithmic trading. The new service, which is available via the open source protocol Dazaar, allows users to backtest trading ideas and execute trading strategies. Users can also sync and share trading data and trading signals, utilising Dazaar’s peer-to-peer network. […]
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UK Labour Market Could be “Permanently Scarred”: BoE

The UK labour market could suffer permanent scarring as a result of the coronavirus, according Bank of England chief economist Andy Haldane, who told ITV’s Robert Peston in an interview that there’s “a good chance” that coronavirus will accelerate a shift toward knowledge-based digital industries that was already in train before the pandemic ravaged the […]
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Hershey Named Chief Compliance Officer at DTCC

Post-trade infrastructure provider the Depository Trust & Clearing Corporation (DTCC) has announced the appointment of Lisa Hershey as managing director and chief compliance officer. She will have responsibility for leading the firm’s compliance function effective January 1, 2021 and will report to Ann Shuman, DTCC’s managing director and general counsel. Hershey joined DTCC in 2009, […]
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Numerix Updates Analytics Platform

Numerix has released the latest version of its CrossAsset pricing and risk analytics software which includes features that address clients’ modelling, pricing, and risk management needs, including items to help users navigate the Libor transition. Key features of the new rollout include alternative reference rate (ARR) functionality to support compounded or averaged index calculations, and […]
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EBSI, ThinkFolio, Link Up

CME Group’s EBS has connected to IHS Markit’s ThinkFolio solution, to enable the latter’s clients to access liquidity from the EBS Institutional platform (EBSI). Additionally, mutual clients of IHS Markit and EBSI will benefit from ThinkFolio’s cash and currency management capabilities, analytics and liquidity. The integration of workflows across the two systems will enable portfolio […]
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