Exchange Newswire
March 28, 2017
http://erdesk.com/newswire.html
LCH will offer clearing for cash and repo trades on German government securities via its continental Europe-based entity. Reported by GlobalCustodian
CBOE experienced a connectivity issue on Monday that caused the US options exchanges to declare self-help alerts against CBOE to have trades rerouted. Reported by Reuters
CBOE Futures Exchange managing director Jim Lubin is leaving to start his own advisory firm.
NYSE: ProShares will launch two leveraged crude oil ETF at NYSE Arca, the UltraPro 3X Crude Oil EFT and the UltraPro 3X Short Crude Oil ETF.
HKEX CEO Charles Li will consult with the market on weighted voting rightsGuotai Junan Securities, China’s third biggest brokerage by assets, plans to raise HK$16 billion in an IPO in Hong Kong.
SEBI is working on strengthening its regulatory and supervisory powers before letting domestic and foreign financial institutions enter the commodity-derivatives market. Reported by The Wire
FINRA and US stock exchanges brought charges against Samuel Lek and his brokerage firm Lek Securities for allegedly helping a customer engage in stock market manipulation.
Morrow Sodali acquired majority interest in Global Proxy Solicitation (GPS), an Australian firm focused on shareholder engagement and proxy strategies.
Connamara Systems was selected by BCCause as the technology platform provider for a new exchange based and regulated in the US. BCause plans to be the first exchange to legally offer a variety of derivatives in the US for retail customers based on Bitcoin and other crypto-currencies.
Blockchain: Trafigura and French bank Natixis are testing blockchain to streamline exchange of contracts, letters of credit and other documents needed for settling trades in the US physical oil market. Published by Financial Times
Hedge Funds
Reuters
· Pine River loses more partners after asset decline
· Hedge fund manager Friedman to list investment fund in London
· Iceland gives hedgies cooler welcome than Greece
· Stone Milliner has worst start to a year
· Millennium hires portfolio manager from Steve Cohen's firm
· Former Perry Capital CIO Russekoff launches Smith Cove Capital
· Emerging markets land top of managers' portfolios with rising rates
· Investors pull most cash from U.S. junk bond funds since 2014
· Buffalo Wild Wings nabs Marcato nominee for own director slate
· Activist hedge fund critical of Walt Disney's move on Disneyland Paris
· Fannie, Freddie investors seek rehearing of U.S. case on profit seizure
· Senate panel presses SEC nominee Clayton on conflicts
· Hedge funds unwind record bullish position in oil
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