ACER and the Energy Community tighten cooperation on electricity market coupling LeapRate

September 24, 2018 BY Valentina Kirilova

ACER and the Energy Community tighten cooperation on electricity market coupling

The Agency for the Cooperation of Energy Regulators (ACER) and the Energy Community Regulatory Board (ECRB) have organised on 21 September in Rome a joint workshop to discuss the status of the implementation of the EU Regulation on capacity allocation and congestion management Capacity Allocation. The aim of the workshop was to tighten cooperation with…

September 21, 2018 BY Valentina Kirilova

TPG Capital selects PFA Solutions' FirmView platform

TPG Capital (TPG), a global private equity and alternative asset firm, has selected PFA Solutions' FirmView® to support their GP accounting and reporting needs. PFA Solutions, a provider of alternative investment technology and services, has announced today that TPG, the global private equity platform and alternative asset firm, has selected the FirmView platform to support…

Republic of Abkhazia cuts power to 15 miners – What is going on here?

September 21, 2018 BY Valentina Kirilova

Peabody to acquire Shoal Creek mine assets from Drummond Company

Peabody (NYSE:BTU) has just announced that it has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine from private coal producer Drummond Company, Inc. for $400 million. Shoal Creek is located on the Black Warrior River in Central Alabama and serves Asian and European steel mills with high-vol A coking coal. The…

September 20, 2018 BY Valentina Kirilova

New research outlines ways to future proof post-trade operations

Opting for managed services for non revenue-generating activities and implementing scalable cloud computing power will be key differentiators in terms of financial services firms’ ability to compete in the digital age, according to a white paper published today by Celent, a global research, advisory, and consulting firm, and Torstone Technology, a provider of post-trade securities…

September 20, 2018 BY Valentina Kirilova

Cboe Europe to launch equities trading in three new markets

Cboe Europe has announced it will expand its coverage to 18 markets across Europe with the planned launch of trading in Polish, Hungarian and Czech securities beginning 5th November 2018, pending regulatory review. Cboe Europe plans to offer trading in the stocks that comprise the following indices: WIG20 Index (Poland) BUX Index (Hungary) PX Index…

September 20, 2018 BY Valentina Kirilova

Virtu completes KCG acquisition term loan repricing and prepayment

Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has announced the completion of a repricing transaction of its 1st Lien Secured Term Loan (the “Term Loan”) along with a principal prepayment of $74 million. Following the prepayment and the amendment, the total balance of the Term Loan…

September 19, 2018 BY Valentina Kirilova

CLS Group releases steady volumes report in August

Just one day after announcing that Chief Executive Officer David Puth has decided to step down after leading the company since 2012, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of August 2018. The average daily traded volume submitted to…

September 18, 2018 BY Valentina Kirilova

Thomson Reuters teams up with Seabury TFX to create new trade finance marketplace in Asia

Information giant Thomson Reuters (NYSE:TRI) has announced that it has partnered with specialist firm Seabury TFX to develop a new marketplace for trade finance in Asia. ‘Receivables Board’ is now available through Thomson Reuters Eikon App Studio platform to facilitate the trading of Trade Receivables. The new application provides trade finance solutions for institutional investors…

September 17, 2018 BY Valentina Kirilova

Redburn implements Itiviti’s pre-trade risk framework

Itiviti, the global provider of multi-asset trading technology and financial infrastructure, has announced that independent equities broker Redburn has successfully implemented UL Bridge, Itiviti’s modular and scalable connectivity and order routing platform, together with UL Iris, a comprehensive pre-trade risk management solution. Redburn now has a connectivity solution that augments its Order Management System (OMS) and…

September 17, 2018 BY Valentina Kirilova

INTL FCStone Markets launches new OTC interest rates swap products

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its Chicago-based subsidiary, INTL FCStone Markets, LLC (the Company), has expanded its OTC interest rates swap dealing capabilities to include cap and floor options on the London Interbank Offered Rate (LIBOR) with tenors out to 10 years. The launch of these new products expands and…

Category: Institutional