Trading
Hedge funds record first quarterly net inflows since 2022 - Citco
Hedge funds have seen their first quarterly net inflows since 2022, according to Citco, as the second quarter saw the seventh consecutive period of positive returns.
Trading
Euronext says clearing migration to 'unleash' innovation and growth
Euronext said completing the expansion of its clearinghouse later this year will “unleash new innovation capabilities and strategic growth opportunities for customers”, after announcing improved second quarter results.
Trading
Mizuho Bank becomes latest member of LCH SwapAgent service
LCH Group has added Mizuho Bank as the latest member of its SwapAgent service, taking total dealer entities now live to 47 from 15 different countries.
Trading
CME to launch on August 26 first total return future based on SOFR
The Chicago group has a liquid AIR S&P 500 Total Return future (TRF) based on the established Effective Federal Funds Rate (EFFR) but the launch of SOFR based version will allow firms to lock-in the overnight floating rate
Trading
Deutsche Boerse cites EU scrutiny for failed EEX-Nasdaq deal
The European Energy Exchange’s (EEX) terminated deal for Nasdaq’s Nordic power market would have incurred too high costs, according to owner Deutsche Boerse, as regulatory pushback from the EU slowed the timeline to prospective completion.
Trading
One third of UK firms admit to compliance failures in past year – study
A new study by Davies has found more than a third of UK financial services businesses have been penalised for regulatory compliance failures over the last 12 months.
People
Broadridge hires LSE Group Japan head to run Asia
Broadridge Financial Solutions has appointed David Runacres as president of Asia-Pacific (APAC) to lead regional operations, leaving his role as London Stock Exchange Group (LSEG) head of Japan after 12 years.
Trading
Exberry hails Abaxx’s 'innovative' cloud trading and clearing
Newly launched commodities futures market Abaxx Exchange will become “one of the most innovative markets” in the coming years for its trading and clearing offering in the cloud, according to its technology partner Exberry.
People
ANALYSIS: CME chief Duffy discusses US rates competition from BGC
Speaking on an earnings call on Wednesday, CME chairman and chief executive Terry Duffy was asked repeatedly by analysts about the threat of competition, a thinly veiled reference to BGC Group’s planned launch of US Treasury futures on September 3
Trading
LME brand producer builds digital link to LMEpassport platform
The London Metal Exchange (LME) has said Emirates Global Aluminium (EGA) has become its first primary aluminium brand producer to build a digital certificate of analysis (CoA) connection directly from its smelters to the LMEpassport platform.
People
CME Group reports record quarterly revenue of $1.53bn
The Chicago-based group reported on Wednesday revenue for the three months to the end of June up 12.5% on the same quarter last year to $1.53bn (£1.18bn)
Trading
Euronext partners with Cumulus9 on clearing margin model
Euronext has secured the backing of a key technology partner ahead of the strategically important migration of its clearing business from a third party to its own clearing house.
Trading
Baton Systems adds Japanese clearer to collateral network
Baton Systems has added the Japanese Securities Clearing Corporation (JSCC) to its central clearing counterparty (CCP) network, granting JSCC clearing members access to its Baton Core-Collateral ecosystem.
People
ANALYSIS: Indian equity index options go from strength to strength
FOW Data shows Asian exchanges traded 40.699 billion contracts in the three months to the end of June, which was up 106% from the second quarter of last year and 4% higher than the first three months of 2024.
Trading
Exberry secures cloud trading tech partnership with Google
Exberry has said it is now providing cloud trading infrastructure technology via Google Cloud Marketplace, hailing the collaboration as a “significant” milestone, with customers now able “to build future market or exchange solutions” on Google Cloud using Exberry's “advanced” trading infrastructure technology.
Trading
ISDA claims document negotiation processes stuck in 2006
The average time taken to negotiate key derivatives documents has not fallen since 2006, according to a survey on document negotiation by the International Swaps and Derivatives Association (ISDA), calling for greater efficiency and automation.
Trading
AFME calls for greater EU integration in UK capital markets
The Association for Financial Markets in Europe (AFME) has published a paper on its vision for UK capital markets, focusing on principles for better financial regulation, revising the country’s relationship with the EU and tackling current issues in financial services.
Trading
ANALYSIS: New entrant Abaxx says tech stack in place for rapid growth
The launch of a new commodity venue in Singapore last month is the culmination of a multi-year journey for Abaxx Exchange, and the firm has been careful to put the technology in place to match its growth plans
People
FSB targets liquidity of hedge funds, broker-dealers
The Financial Stability Board published on Monday a report on the resilience of non-bank financial institutions (NBFIs), suggesting these firms are playing an increasingly important role in global finance.
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