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Showing 91 - 100 of 560 results for "Derivatives"

Westpac to face court over insider trading

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... inside information and, when the market opened at 8.30am, Westpac's traders acquired and dumped interest rate derivatives to pre-position Westpac in anticipation of the transaction which was completed via a special purpose vehicle just shy of two ...

Cboe Chi-X takeover progresses

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
... Cboe taking over Chi-X, Jokovic said the ASX will have serious competition on clearing lists, corporate listings and derivatives business. "Now you'll have a bulge bracket exchange on the ground in Australia in Cboe to compete with the ASX. Cboe is one ...

Frontier hires from UK partner

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
... US. Earlier last month Frontier hired former Cbus senior portfolio manager Scott Pappas to lead its alternatives and derivatives team.

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
... 15%, meaning super funds were forced to pay more than $17 billion of margin to counterparties as they used currency derivatives to hedge foreign exchange rate risk on foreign-denominated investments. "Fund-level data show that funds with larger hedging ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... $20,000. A vanilla AFSL with a managed discretionary account (MDA) facility would go for $50,000. Adding an options and derivatives trading capability to the latter would fetch between $80,000 to $120,000. The firm, which also brokers accounting and ...

Perpetual's Garry Laurence starts boutique

KANIKA SOOD  |  MONDAY, 22 MAR 2021
... for a broader launch to wholesale investors on May 1. It will hold five-40 stocks, and allow ASX-listed companies, derivatives and up to 30% in short positions. But the fund doesn't plan to gear and will have a net exposure of between 50-100%. "We ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... NAB and Westpac and other global banks. The class action alleged the banks conspired to fix the prices of BBSW-based derivatives. Both ANZ and CBA said the settlement does not admit their liability and is also subject to the negotiation and execution ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... including ASIC, APRA and the Reserve Bank - are strongly encouraging financial institutions and corporations that use derivatives contracts referencing LIBOR to review and, wherever practical, adhere to the ISDA protocol," Kent said. "There is also a ...

Frontier hires from Cbus

KANIKA SOOD  |  WEDNESDAY, 17 MAR 2021
Frontier has hired a senior portfolio manager from Cbus to lead its alternatives and derivatives team. Scott Pappas was most recently at Cbus as a senior portfolio manager in absolute return strategies. Prior to this, he worked as a part of Vanguard's ...

Ardea launches fund to European investors

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... investors, leveraging the services of Fidante Partners. The Ardea Global Alpha Fund invests in government bonds and related derivatives and will be distributed to European investors via Ardea's strategic partnership with Fidante. The Ardea Global ...