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Opus Capital offers EU olive branch to ASIC

ELISE BURGESS  |  FRIDAY, 14 OCT 2011
... Opus will also provide ASIC with a quarterly report on its compliance with the financial conditions of its licence for the next two years. Prior to accepting the EU, Opus rectified the breach of the NTA condition through a subordinated loan of $2.5 million. ...

Citi mandates Fidessa for global derivatives platform

MATT WOODINGTON  |  FRIDAY, 14 OCT 2011
... low-latency execution platform as well as its integrated algorithmic trading engine, BlueBox. Citi will also use Fidessa's next generation risk management system, market data and a global order routing service. "We chose Fidessa for their sophisticated ...

MLC Insurance platform cuts turnaround by 70pc

ELISE BURGESS  |  THURSDAY, 13 OCT 2011
... market is a key target market, we know from the Aviva heritage they loved those products then and this is taking it to the next level." New products introduced with the solution focus on greater flexibility for the Riskfirst product, offline quote generator ...

Statewide and Local enter merger due diligence

ELISE BURGESS  |  THURSDAY, 13 OCT 2011
The merger between StatewideSuper and Local Super is moving to the next stage after receiving in principle approval from the major shareholders of both funds. Chair of StatewideSuper, Nicholas Begakis, and Local Super chair, Juliet Brown, said the proposed ...

Happily dreaming of the end

BENJAMIN ONG  |  THURSDAY, 13 OCT 2011

UBS shuts ING Australian alpha funds

MATT WOODINGTON  |  WEDNESDAY, 12 OCT 2011
... 4, saying it would make further decisions on integration of client mandates, systems and staff into the first quarter of next year.

HSBC: Australia's trade growth to expand 129% by 2025

ELISE BURGESS  |  WEDNESDAY, 12 OCT 2011
... assessed macroeconomic trends and market influences on trade, found that Australia will perform particularly well in the next five years when trade growth will hit 7.7% annually, some four times world growth of 2% annually. This correlates to financial ...

Super fund ramps up insurance access

CLAIRE MCGREAL  |  WEDNESDAY, 12 OCT 2011
... paramount," said chief executive officer, BUSS(Q), David O'Sullivan. Under the new system, which is being rolled out over the next few months, members' insurance claim applications will be assessed and followed up over the phone. "The phone-based project ...

FOREX launches free trading app

CLAIRE MCGREAL  |  WEDNESDAY, 12 OCT 2011
... tool to access real-time market information, perform technical analysis and trade," said Roady. "We expect to release the next version of FOREXTrader for iPad before the end of the year." GAIN Capital is a global provider of online trading services ...

FuturePlus restructure creates new head role

ELISE BURGESS  |  TUESDAY, 11 OCT 2011
... behalf of its clients. "We would like to double in size the number of members we currently administer services to in the next three years," said Dermatossian. "We have created two lines of business that we will be marketing to clients and potential clients ...