GROUP. New York London Paris Geneva Tel Aviv Singapore

Size: px
Start display at page:

Download "GROUP. New York London Paris Geneva Tel Aviv Singapore"

Transcription

1 New York London Paris Geneva Tel Aviv Singapore

2 Who We Are Makor Capital is a leading international brokerage firm specializing in equities, fixed income, foreign exchange and derivative products for hedge funds and institutional clients in Europe, North America, and Asia. Founded in 2011, the firm maintains offices in primary financial centers such as London, New York, Paris, Singapore, Geneva, and Tel Aviv. Our offices are regulated by the ISA, FSA and Finma. In 2014 Makor Capital expanded by acquiring Oscar Gruss & Son Inc., a New York brokerage firm. Mission With sales and trading experience of over 20 years our team covers all the major global equities and bond markets providing clients with an exclusive and distinctive view of the markets. We specialize in market knowledge and the ability to extract the most out of each trade for our clients. Essentially, our objective is to deliver outstanding execution and service in accordance with MIFID regulations. Business Principle Makor s business principle is centered on superb client service, which emphasizes superiority, teamwork, and accountability. At Makor, we provide our client s with effective solutions to meet all investment needs.

3 Products Equities Market Access We provide a single point of contact for more than 90 execution venues covering all markets in Europe, the Americas, Asia, the Middle East, and Africa. Our comprehensive understanding of local markets and client based relationships enables us to tap into local institutional portfolios to maximize liquidity for clients. This strategy increases the cross rate while decreasing client market cap. Venues accessible through Makor include: Over 92 national exchanges Leading European MTFs Dark pools including CHI-Delta BATS Dark TQ Lens SmartPool Xetra Mid-Point UBS MTF Credit Suisse Crossfinder Goldman Sigma X

4 Execution In challenging markets we are committed to helping clients achieve the very best execution terms on every trade. Full Anonymity- We aim to mitigate the market s impact and provide privacy by using dark pools and by combining orders into the market alongside others from our extensive global customer base. Advisory Support- Our sales traders experience with local markets, as well as their extensive understanding of the factors that drive price movements and market impact, enables us to deliver advice on implementation strategy. Smart Order Routing (SOR)- Through proprietary smart-order routing we are able to access additional liquidity on both lit and dark venues. Our SOR applies an advanced real-time decision making process which ensures the best execution, cost, price and liquidity to be utilized. Local Market Approach- By trading within local markets we aspire to secure the best possible price and market presentation for each client.

5 Fixed Income We provide clients with personalized advice and an array of fixed income products. We draw on a range of extensive research and insight sources to identify relative and absolute-value opportunities in sovereign, credit and emerging markets, including hybrids and swaps. We perform on an agency and principal basis. Thus, our fixed income clients understand that our position never conflicts with their interests. Forex Makor forex team is comprised of skilled and experienced professionals from the FX industry. The agency desk is dedicated to its end user clients, offering excellent execution in G10/EM currencies in both cash and derivatives. Trades are booked and settled through Makor s prime brokers avoiding counter-party risk. Makor s added value includes large source liquidity with aggressive pricing, anonymity, transparency, cost efficiency, and non-conflicting interests.

6 Derivative Products Makor offers you a highly qualified team of experts focusing on derivative products throughout Europe and Americas: Listed Single Stock Options Listed Index options OTC Index options OTC Single stock Options Index Futures Delta one Products Exotics options Our research department provides clients with investment ideas, reflecting the most accurate analysis of the market.

7 Institutional Clients We provide exceptional service to worldwide institutional investors: Hedge funds Pension funds and Mutual funds Risk arbitrage specialists Proprietary trading desks Private banks Research Our equity research focuses on pure quantitative, systematic company analysis to enable our clients to make fully informed investment decisions and valuation judgements. To deliver the most rigorous insight, we maintain dedicated teams to cover strategy, specialist situations and risk arbitrage. In addition, we have developed a respected range of quantitative research products designed to add genuine value to investment decision making. Makor has recently acquired Oscar Gruss & Son Inc., and has thus gained adept analysts whereby Israeli high-tech companies are invested in and traded in the US.

8 Clearing & Settlement Equities We clear and settle executed trades on behalf of our clients in all markets in Europe, Asia, and North America. We collaborate with major international banks as our model B clearing agents. We have direct access to leading brokers and clearing banks, which assures timely and issue free settlement. Fixed Income We clear and settle fixed income trades in North America and Europe. We use prominent international banks to clear through Clearstream, Euroclear, DTC, and Crest. Additionally, we settle trades in the NY Fed for all US Government securities and in all major European government bonds in their local markets. Makor Ventures Makor Ventures is an organization committed to finding, funding and mentoring great young companies from pitch through a successful exit. Our members are entrepreneurs, CEOs and business leaders who have founded, funded and built world-class companies. We come from a wide array of industry expertise and together create an extensive network of entrepreneurial support. We mentor and coach the entrepreneurs in whom we invest, serve on their boards, provide contacts and assist with team building, strategic planning and fundraising. We lead deals ranging from $100,000 $1.0 million. We also have a vast network of angel group, venture capital firms, and hedge funds that we syndicate with to do deals up to $2 million.

9 Senior Management Team Michael Halimi Founding Partner Makor Capital Mr. Michael Halimi is CEO of Makor Capital. He has 19 years experience in the Capital Markets industry and was previously partner at Cantor Fitzgerald, where he was Head of Global Equities Sales. He worked at Cantor for 14 years, where he first established an interest rate derivative desk. In September 1999, he implemented the European Equity Platform of Cantor Fitzgerald. He then became a senior managing director in Michael Halimi received his MBA in financial markets in June, 1992 from Paris Dauphine University. Avi Bouhadana Founding Partner Makor Securities Mr. Avi Bouhadana has 15 years experiences in the Capital Markets industry. He was previously partner at Cantor Fitzgerald where he was the Head of Global Special Situations and Merger Arbitrage desk in London. Prior to this he worked in Cantor Fitzgerald on the bonds desk. He then became a senior managing director in Avi Bouhadana graduated from Ecole Polytechnique de Montreal in 1992.

10 Yankel Hassan Founding Partner Makor Securities Yankel Hassan is Head of Equities Sales and Trading of Makor. He has 15 years experience in the Capital Markets industry. Previously, he worked for ten years in the Sales Equity Desk and became co-manager of Cash Equity Arbitrage Desk at Cantor Fitzgerald. Yankel Hassan received a BA in Financial Markets from Dauphine University in Paris. Michael Benitah Head of Fixed Income & Forex Michael Benitah has over 15 years of experience in the Capital Markets industry. He worked as a FX trader for private & investment banks (Republic National Bank/HSBC and Bear Stearns) from 1996 before joining Cantor Fitzgerald to set up the FX agency Desk in He joined Makor securities in London in November 2012 to set up the FX agency Desk. Michael Benitah studied in ISG business school in Paris.

11 Alexis Herzberg Managing Director Alexis Herzberg joined Oscar Gruss in August 2014 as Head of Derivatives Markets. He has more than 16 years of experience in the Capital market Industry. In 2004, he moved to NY as Head of Equity Derivatives Trading Americas for Credit Agricole CIB and successfully expanded their business operations. Alexis Herzberg hold s an Advanced Master s Degree in Financial Techniques from ESSEC Business School, Paris (1998) and a Master Degree in Finance from Aix-Marseille University (1996). Efraim Wolpert Chief Financial Officer After working at Ernst & Young for 5 years, in 2001 Efraim Wolpert joined Execution Limited, a startup London based institutional stock broking business as CFO. Execution grew into a $85m business employing 125 people in London, Connecticut and Hong Kong. In March 2009 Efraim left the UK for Israel and worked as an outsourced CFO to Israeli based subsidiaries of international groups before joining the Makor Group in November Efraim Wolpert is a Chartered Accountant and has a Business Finance Degree (First Class Honours) from the University of Cape Town.

12 Ronen Cohen President of Oscar Gruss & Son Inc. Ronen Cohen has over 21 years of experience in the equity, options, and security industries as well as 18 years of experience in risk management. Previously, he worked as a sales trader in the Israeli Stock Exchange and at the Foreign exchange desk. Today Ronen Cohen is the President of Oscar Gruss & Son Inc., a wholly owned subsidiary of Makor Partners Ltd.

13 THINK GLOBAL. THINK MAKOR. Makor Capital Rogovin Tower Menachem Begin , Ramat Gan Israel Makor Holdings 78 Shenton Way 26-02A ,Singapore Republic of Singapore Makor Capital Markets Makor Securities LLP 27 rue de la Croix-d'Or 1204, Geneva Switerland Makor Securities Makor Securities LLP 51 rue Francois Premier 75008, Paris France Makor Securities Dover House 34 Dover Street London W1S 4NG England Oscar Gruss & Sons Inc. 55 E 59th Street 15 Floor New York, NY USA

DALTON STRATEGIC PARTNERSHIP LLP ORDER EXECUTION POLICY DECEMBER 2017

DALTON STRATEGIC PARTNERSHIP LLP ORDER EXECUTION POLICY DECEMBER 2017 DALTON STRATEGIC PARTNERSHIP LLP ORDER EXECUTION POLICY DECEMBER 2017 General Policy Information Dalton Strategic Partnership (DSP) invests in various asset classes as part of the investment management

More information

The U.S. Tax Practice

The U.S. Tax Practice The U.S. Tax Practice Our Global Firm - Overview Deloitte is the global leader for professional services providing audit, tax, consulting and financial advisory services to more than 80% of the world s

More information

Private Client Solutions

Private Client Solutions Private Client Solutions At a Glance Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value For Institutional Investors and Financial Advisors Only TABLE OF CONTENTS At Your Service...

More information

2017 MiFID II EXECUTION QUALITY REPORT

2017 MiFID II EXECUTION QUALITY REPORT 2017 MiFID II EXECUTION QUALITY REPORT 1. Scope and Background T. Rowe Price International Ltd ( TRPIL ) is an investment firm subject to the Markets in Financial Instruments Directive II ( MiFID II ).

More information

Valbury Capital. A contemporary broker with traditional ideas about service.

Valbury Capital. A contemporary broker with traditional ideas about service. It s personal. Valbury Capital A contemporary broker with traditional ideas about service. The broking market is going through a period of rapid, client driven change. Change demands a fresh perspective.

More information

BlueBay Order Execution Policy

BlueBay Order Execution Policy BlueBay Order Execution Policy 1. Introduction BlueBay Asset Management LLP ( BlueBay ) is an investment firm which is authorised and regulated by the Financial Conduct Authority ( FCA ). The FCA s Conduct

More information

Mantis Partners is a specialist executive search company, servicing the global financial industry, from our offices in London and Hong Kong.

Mantis Partners is a specialist executive search company, servicing the global financial industry, from our offices in London and Hong Kong. Mantis Partners is a specialist executive search company, servicing the global financial industry, from our offices in London and Hong Kong. Working in partnership with our clients to help define their

More information

Dragonfly, LLC New York, USA

Dragonfly, LLC New York, USA Dragonfly, LLC New York, USA Lieng-Seng WEE CEO & Founder Judy LEE Managing Director & Founder Dragonfly a New York firm founded in 2000 by two pioneers and leading practitioners in Risk Management Founders

More information

When insight matters. TM. Insight changes everything

When insight matters. TM. Insight changes everything When insight matters. TM Insight changes everything Insight creates opportunities The advantage of knowing Scotiabank At Scotiabank, our Global Banking and Markets division provides corporate and investment

More information

KEPLER CHEUVREUX BEST EXECUTION POLICY

KEPLER CHEUVREUX BEST EXECUTION POLICY KEPLER CHEUVREUX BEST EXECUTION POLICY Art. 1 - Introduction When receiving and executing or transmitting orders on behalf of "Clients", each relevant Kepler Group entity (Head office, branches and subsidiaries)

More information

Alpenrose Wealth Management International AG

Alpenrose Wealth Management International AG Alpenrose Wealth Management International AG Diversify and protect your assets globally The view from Switzerland September 18 24, 2016 Vienna, Austria Pierre Gabris, Founder & CEO Our Vision Alpenrose

More information

KEPLER CHEUVREUX BEST EXECUTION POLICY

KEPLER CHEUVREUX BEST EXECUTION POLICY KEPLER CHEUVREUX BEST EXECUTION POLICY Art. 1 - Introduction When receiving and executing or transmitting orders on behalf of "Clients", each relevant Kepler Group entity (Head office, branches and subsidiaries)

More information

ITG TCA Venue Analysis I m Shocked, Shocked to Find that (TCA) is Going on in Here! 1

ITG TCA Venue Analysis I m Shocked, Shocked to Find that (TCA) is Going on in Here! 1 AUTHORS Ian Domowitz Managing Director Head of Analytics ian.domowitz@itg.com ITG TCA Venue Analysis I m Shocked, Shocked to Find that (TCA) is Going on in Here! 1 CONTACT Asia Pacific +852.2846.3500 Canada

More information

ST. JAMES S PLACE UNIT TRUST GROUP ORDER EXECUTION POLICY

ST. JAMES S PLACE UNIT TRUST GROUP ORDER EXECUTION POLICY ST. JAMES S PLACE UNIT TRUST GROUP ORDER EXECUTION POLICY 1. PURPOSE AND BACKGROUND This document is a description of the St. James s Place approach to order execution and the placement of orders in financial

More information

With greater regulatory focus on

With greater regulatory focus on Dark pools and internal crossing engines Assessing the value of trading in the dark Ian Salmon* With greater regulatory focus on the pre- and post-trade transparency of crossing networks and internal flow,

More information

PRIME SERVICES CROSS ASSET SERVICES FOR A CHANGING ENVIRONMENT FOR INSTITUTIONAL INVESTORS ONLY NOT FOR REDISTRIBUTION

PRIME SERVICES CROSS ASSET SERVICES FOR A CHANGING ENVIRONMENT FOR INSTITUTIONAL INVESTORS ONLY NOT FOR REDISTRIBUTION PRIME SERVICES CROSS ASSET SERVICES FOR A CHANGING ENVIRONMENT FOR INSTITUTIONAL INVESTORS ONLY NOT FOR REDISTRIBUTION A global award winning Prime Brokerage proposition that offers agile solutions via

More information

Leading Liquidity providers for ETFs and ETCs

Leading Liquidity providers for ETFs and ETCs I N T E G R I T Y I N S I G H T I N N O V AT I O N Leading Liquidity providers for ETFs and ETCs E V O L U T I O N O F B L U E F I N 2001 2002 2004 2007 2009 2017 Bluefin Europe is based in London. We

More information

Pinsent Masons in Spain

Pinsent Masons in Spain Pinsent Masons in Spain Pinsent Masons in Spain Pinsent Masons is a sector focussed global law firm. Our strategy is to invest in geographies that connect our clients to where they want to do business.

More information

Order Execution and Placement Policy

Order Execution and Placement Policy Order Execution and Placement Policy Version Effective Date 1.1 30 April 2018 Contents Section 1. Introduction... 3 1.1 Purpose... 3 1.2 Scope... 3 1.3 Specific client instructions... 4 1.4 Restricted

More information

INVEST WITH A GLOBAL LEADER

INVEST WITH A GLOBAL LEADER INVEST WITH A GLOBAL LEADER Since 1947, our firm has been dedicated to delivering exceptional asset management for our institutional, retail, and high-net-worth clients. By bringing together multiple,

More information

Henderson Global Investors Limited (HGIL) Annual Best Execution Disclosure 2017

Henderson Global Investors Limited (HGIL) Annual Best Execution Disclosure 2017 For promotional purposes. This document is solely for the use of professionals and is not for general public distribution. The value of an investment and the income from it can fall as well as rise and

More information

Education Session No. 202: Financial Regulatory Reform - Heightened Regulation and Dissolution of Systemically Risky Institutions

Education Session No. 202: Financial Regulatory Reform - Heightened Regulation and Dissolution of Systemically Risky Institutions Session No. 202: Financial Regulatory Reform - Heightened Regulation and Dissolution of Systemically Risky Institutions May 18, 2010 at 6 PM Greenwich CT Congress is considering major financial regulatory

More information

NEWTON ORDER EXECUTION POLICY

NEWTON ORDER EXECUTION POLICY NEWTON ORDER EXECUTION POLICY Version 1.7 December 2017 Effective 3 January 2018 CONTENTS I. Purpose and scope II. Exclusions III. How will orders be executed for the client? IV. Best execution obligation

More information

PRIMARY MEMBERSHIP GUIDE

PRIMARY MEMBERSHIP GUIDE PRIMARY MEMBERSHIP GUIDE JOIN FIA FIA is the leading global trade organization for the futures, options and centrally cleared derivatives markets, with offices in London, Singapore and Washington, DC.

More information

THE INTERNATIONAL BUSINESS COMMUNITY YOUR LINK TO. Mark Henry Partner at Staas Halsey LLP Washington DC, USA. Countries represented.

THE INTERNATIONAL BUSINESS COMMUNITY YOUR LINK TO. Mark Henry Partner at Staas Halsey LLP Washington DC, USA. Countries represented. YOUR LINK TO THE INTERNATIONAL 45 80 90 BUSINESS COMMUNITY Countries represented Lawyers Accountants IGAL has developed into a leading business network of legal and accounting firms whose members offer

More information

500 million Secured Note Program listed on the Irish Stock Exchange. Frequently Asked Questions

500 million Secured Note Program listed on the Irish Stock Exchange. Frequently Asked Questions 500 million Secured Note Program listed on the Irish Stock Exchange Frequently Asked Questions Introduction to Corporate Finance Bonds Ltd As the name suggests, Corporate Finance Bonds provides corporate

More information

Solutions to End of Chapter and MiFID Questions. Chapter 1

Solutions to End of Chapter and MiFID Questions. Chapter 1 Solutions to End of Chapter and MiFID Questions Chapter 1 1. What is the NBBO (National Best Bid and Offer)? From 1978 onwards, it is obligatory for stock markets in the U.S. to coordinate the display

More information

Firm Brochure March 31, Concordia Advisors, L.L.C Avenue of the Americas, Suite 3202 New York, NY 10019

Firm Brochure March 31, Concordia Advisors, L.L.C Avenue of the Americas, Suite 3202 New York, NY 10019 Firm Brochure March 31, 2011 Concordia Advisors, L.L.C. 1350 Avenue of the Americas, Suite 3202 New York, NY 10019 Website: www.concordiafunds.com Contact: Kenneth J. Carroll, Chief Compliance Officer

More information

Macquarie Securities Group Stevan Vrcelj Group Head

Macquarie Securities Group Stevan Vrcelj Group Head 18 Macquarie Securities Group Stevan Vrcelj Group Head Macquarie Group Limited Operational Briefing 7 February 2012 Presentation to Investors and Analysts 19 Macquarie Securities Group 1. Current challenges

More information

Equity Strategies Summary and Empirical Results

Equity Strategies Summary and Empirical Results Equity Strategies Summary and Empirical Results March 2007 This document is not intended for private investors Lehman Brothers Industry leadership in three businesses Investment Banking Capital Markets

More information

Och-Ziff Management Europe Limited Annual RTS 28 Best Execution Disclosures Oz Management

Och-Ziff Management Europe Limited Annual RTS 28 Best Execution Disclosures Oz Management Best Execution Obligation: Och-Ziff Management Europe Limited (the Firm ) is a member of the Och-Ziff Capital Management Group (the Group ) and acts as a sub-investment manager to a number of the Group

More information

Insurance Asset Management

Insurance Asset Management Insurance Asset Management January 2018 For Financial Intermediaries, Institutional and Consultant use only. Not for redistribution under any circumstances. Introducing Schroders: Delivering dedicated

More information

Markets in Financial Instruments Directive ( MiFID II ): Implications for U.S. Asset Managers

Markets in Financial Instruments Directive ( MiFID II ): Implications for U.S. Asset Managers CLIENT MEMORANDUM Markets in Financial Instruments Directive ( MiFID II ): Implications for U.S. Asset Managers April 10, 2017 AUTHORS Henrietta de Salis Rita M. Molesworth What is MiFID II MiFID II refers

More information

In Brief July The fundamental principle of Pictet s approach to business: a combination of great boldness and great caution.

In Brief July The fundamental principle of Pictet s approach to business: a combination of great boldness and great caution. In Brief In Brief July 2017 The fundamental principle of Pictet s approach to business: a combination of great boldness and great caution. Jacques de Saussure, Former Senior Partner 1 Message from the

More information

Franklin GCC Bond Fund

Franklin GCC Bond Fund Franklin Templeton Investment Funds Franklin GCC Bond Fund Fixed Income Fund Profile Fund Details Inception Date 30 August 2013 Investment Style Benchmark(s) Fixed Income Citigroup MENA Broad Index GCC

More information

CAMPUS CAREERS INVESTMENT GROUPS BUILD STRATEGIES

CAMPUS CAREERS INVESTMENT GROUPS BUILD STRATEGIES ABOUT BlackRock was founded 28 years ago by eight entrepreneurs who wanted to start a very different company. One that combined the best of a financial leader and a technology pioneer. And one that focused

More information

EXECUTION POLICY JANUARY 2018

EXECUTION POLICY JANUARY 2018 EXECUTION POLICY JANUARY 2018 OVERVIEW We are active equity specialists, crafting high-conviction portfolios for client-focused solutions. Investment excellence is at the heart of our business. This policy

More information

REGULATORY INFRASTRUCTURE & MANAGED COMPLIANCE LAWSON CONNER SERVING THE REIT INDUSTRY

REGULATORY INFRASTRUCTURE & MANAGED COMPLIANCE LAWSON CONNER SERVING THE REIT INDUSTRY REGULATORY INFRASTRUCTURE & MANAGED COMPLIANCE LAWSON CONNER SERVING THE REIT INDUSTRY About Lawson Conner Founded in 2010, Lawson Conner helps financial services firms navigate through the complexities

More information

Best Execution Policy

Best Execution Policy Best Execution Policy Legislation The Markets in Financial Instruments Directive ( MiFID) and the rules of The Financial Conduct Authority (FCA) require Hubwise to establish and implement an order execution

More information

Trading Services for Institutions and Professionals

Trading Services for Institutions and Professionals Forex, Commodities & CFDs Trading Services for Institutions and Professionals One Provider For All Your Requirements: TECHNOLOGY LIQUIDITY SUPPORT EXECUTION www.icmcapital.co.uk Table of Contents 1. Introduction

More information

GLOBAL MARKET ACCESS, WORLD-CLASS SERVICE PRODUCTS AND SERVICES OVERVIEW

GLOBAL MARKET ACCESS, WORLD-CLASS SERVICE PRODUCTS AND SERVICES OVERVIEW GLOBAL MARKET ACCESS, WORLD-CLASS SERVICE PRODUCTS AND SERVICES OVERVIEW 1 About PGM As an independent brokerage firm, Paragon Global Markets LLC (PGM) provides its clients with superior execution and

More information

As close as you need, as far as you go

As close as you need, as far as you go As close as you need, as far as you go BBVA, a global group For more than 150 years our clients have been the centre of our business. Now as a highly solvent international financial group we offer clients

More information

Best Execution Policy

Best Execution Policy Best Execution Policy Contents 1 Interactive Investor Services Limited s commitment to you 3 2 Background 3 3 Our relationship with you 3 4 What is Best Execution? 3 5 How do you determine your Best Execution

More information

MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID) INFORMATION TO PRIVATE CLIENTS

MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID) INFORMATION TO PRIVATE CLIENTS MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID) INFORMATION TO PRIVATE CLIENTS Appendix 1 1. Introduction The purpose of this Appendix is to inform you of certain changes with the introduction of the

More information

GLOBAL ASSET SERVICING PARTNER

GLOBAL ASSET SERVICING PARTNER GLOBAL ASSET SERVICING PARTNER CACEIS YOUR GLOBAL ASSET SERVICING PARTNER CACEIS is an asset servicing bank specialising in post-trade functions related to administration and monitoring of all asset classes.

More information

Connected globally, committed locally Financial institutions sector

Connected globally, committed locally Financial institutions sector Connected globally, committed locally Financial institutions operate against a backdrop of an ever changing regulatory landscape, global economic uncertainty and new market entrants. A co-ordinated global

More information

Active is: Allianz Global Investors. Value. Shared.

Active is: Allianz Global Investors. Value. Shared. Active is: Allianz Global Investors Value. Shared. Active is the most important word in our vocabulary. It doesn t just describe how we manage your money at Allianz Global Investors. It defines our entire

More information

WHAT WE DO... WHO WE ARE... WHY BLUE RIVER...

WHAT WE DO... WHO WE ARE... WHY BLUE RIVER... WHAT WE DO... We provide outsourced SEC & CFTC Regulatory Compliance Program Design, Implementation, and Ongoing Management, Financial Controls Monitoring, Back Office Operational Support, and selective

More information

Derivatives and ISDA Documentation

Derivatives and ISDA Documentation Derivatives and ISDA Documentation Learn About ISDA Documentation with ISDA Definitions This course is presented in London on: 11 Februrary 2019, 23 September 2019 If you have 5 or more participants it

More information

Equities - Shares & Depositary Receipts

Equities - Shares & Depositary Receipts This report has been prepared by Goldman Sachs Asset Management International ("GSAMI") for the calendar year ending 31 December 2017 (the Reporting Period ), in accordance with Article 65(6) of Commission

More information

DEALING SERVICES FOR PENSION FUNDS

DEALING SERVICES FOR PENSION FUNDS DEALING SERVICES FOR PENSION FUNDS TAKING CONTROL CHANGING BUSINESS MODELS The bank for a changing world While pension funds have delegated the management of most of their assets to third party asset managers,

More information

Multi-Strategy Linear Investments Limited

Multi-Strategy Linear Investments Limited Multi-Strategy Linear Investments Limited June 2017 Linear Investments Limited Regulated by FCA. Registered in England and Wales No. 07330725 Linear Core Services Established in 2010 and authorised and

More information

THE REAL COST OF LIVING

THE REAL COST OF LIVING THE REAL COST OF LIVING SOVEREIGN WORLDWIDE COST OF LIVING INDEX (SWCLI) 018 Sovereign s tax-adjusted Worldwide Cost of Living Index is intended to provide businesses with a relevant and authoritative

More information

The Tipping Point for Alternative Liquidity in Asia. By Glenn Lesko, CEO of Asia, Instinet

The Tipping Point for Alternative Liquidity in Asia. By Glenn Lesko, CEO of Asia, Instinet The Tipping Point for Alternative Liquidity in Asia By Glenn Lesko, CEO of Asia, Instinet The Tipping Point of SOR in Asia Increasing adoption of alternative trading venues including dark pools and ATS

More information

Analyzing Operational Due Diligence Frameworks. In Fund of Hedge Funds

Analyzing Operational Due Diligence Frameworks. In Fund of Hedge Funds Analyzing Operational Due Diligence Frameworks In Fund of Hedge Funds Jason Scharfman 1, Managing Partner, Corgentum Consulting LLC Abstract An analysis was conducted using a sample of over 275 global

More information

Changing Market Structure in Asia The Role of HFTs

Changing Market Structure in Asia The Role of HFTs Changing Market Structure in Asia The Role of HFTs Ronald Gould CEO Chi-X Asia Pacific September 2010 Agenda Market structure leadership from US & Europe 15 years of fundamental change Changing landscape

More information

INTL FCSTONE LTD INFORMATION ON ORDER EXECUTION POLICY. April 2018

INTL FCSTONE LTD INFORMATION ON ORDER EXECUTION POLICY. April 2018 INTL FCSTONE LTD INFORMATION ON ORDER EXECUTION POLICY April 2018 INTL FCStone Ltd 1 st Floor, Moor House, 120 London Wall, London, EC2Y 5ET Telephone +44 (0)20 3580 6000 Fax +44 (0)20 3580 6001 Registered

More information

IPREO OVERVIEW. January 2017

IPREO OVERVIEW. January 2017 IPREO OVERVIEW January 2017 WHO IS IPREO? Ipreo is the global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side

More information

Gideon Ozik, PhD Accounting, Law, Finance and Economics Department Research Associate & Affiliate Professor of Finance EDUCATION

Gideon Ozik, PhD Accounting, Law, Finance and Economics Department Research Associate & Affiliate Professor of Finance EDUCATION Gideon Ozik, PhD Accounting, Law, Finance and Economics Department Research Associate & Affiliate Professor of Finance Phone : +33 (0)4 93 18 99 66 Fax : +33 (0)4 93 83 08 10 E-mail : gideon.ozik@edhec-risk.com

More information

List of Execution Venues

List of Execution Venues BeGo 2017-11 IG-04 EN List of Execution Venues Appendix This document of Joh. Berenberg, Gossler & Co. KG ( Berenberg ) is an Appendix to the Berenberg Policy for the Execution of Orders in Financial Instruments

More information

External Execution / Transmission Policy

External Execution / Transmission Policy UniCredit UniCredit Bank Bank AG AG Milan External Execution / Transmission Policy Edition: October 2015 Page 1 of 16 TABLE OF CONTENTS 1 PRELIMINARY PROVISIONS... 3 1.1 INTRODUCTION... 3 1.2 SCOPE...

More information

BondEdge Next Generation

BondEdge Next Generation BondEdge Next Generation Interactive Data s BondEdge Next Generation provides today s fixed income institutional investment professional with the perspective to manage institutional fixed income portfolio

More information

ISDA DOCUMENTATION. The Banking and Corporate Finance Training Specialist

ISDA DOCUMENTATION. The Banking and Corporate Finance Training Specialist ISDA DOCUMENTATION This course is presented in London on: 10 October 2018 This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training

More information

RESPONSE TO THE CALL FOR EVIDENCE ON THE REVIEW OF THE SCOPE OF THE MIFID TRANSACTION REPORTING OBLIGATION

RESPONSE TO THE CALL FOR EVIDENCE ON THE REVIEW OF THE SCOPE OF THE MIFID TRANSACTION REPORTING OBLIGATION The Committee of European Securities Regulators 11-13 Avenue de Friedland F- 75008 Paris December 5, 2008 RESPONSE TO THE CALL FOR EVIDENCE ON THE REVIEW OF THE SCOPE OF THE MIFID TRANSACTION REPORTING

More information

Our team have invested more than $150M, especially in FinTech / Blockchain / Internet / IT / MedTech projects.

Our team have invested more than $150M, especially in FinTech / Blockchain / Internet / IT / MedTech projects. Page 0 / 10 CONTENT ABOUT CRYPTON VENTURE CAPITAL... 3 GOALS... 3 EXPERIENCE... 3 AWARDS AND CERTIFICATIONS... 4 CRYPTON VC PARTNERS... 4 THE MAIN ADVANTAGES OF THE CRYPTON VC... 5 TEAM... 5 BOARD OF INVESTORS

More information

CORPORATE PROFILE h o l d i n g s

CORPORATE PROFILE h o l d i n g s CORPORATE PROFILE holdings COMPANY Novare was founded in South Africa in October 2000 as an independent investment advisory business. In 2006, the management of Novare took a strategic decision to expand

More information

O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E

O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E I n v e s t m e n t O p e r a t i o n s O u t s o u r c i n g F O C U S O N Y O U R C O R E S T R E N

More information

Carolyn H. Jackson. Partner London p +44 (0) Practices. Memberships. Industries.

Carolyn H. Jackson. Partner London p +44 (0) Practices. Memberships. Industries. Carolyn H. Jackson Partner carolyn.jackson@kattenlaw.co.uk London p +44 (0) 20 7776 7625 Practices FOCUS: Financial Services Futures and Derivatives Financial Services Regulatory and Compliance Structured

More information

OPPENHEIMER HOLDINGS INC. SEPTEMBER 2015

OPPENHEIMER HOLDINGS INC. SEPTEMBER 2015 OPPENHEIMER HOLDINGS INC. SEPTEMBER 2015 Presented by: Robert Lowenthal Senior Managing Director, Chairman of Management Committee Jeffrey Alfano Executive Vice President & Chief Financial Officer SAFE

More information

Franklin Templeton Investment Funds Franklin Templeton Global Allocation Fund

Franklin Templeton Investment Funds Franklin Templeton Global Allocation Fund Franklin Templeton Investment Funds Franklin Templeton Global Allocation Fund Fund Details Inception Date 29 July 2011 Investment Style Benchmark(s) Asset Allocation 50% MSCI All Country World Index 35%

More information

Foreign Exchange Joint Standing Committee e-commerce subgroup report

Foreign Exchange Joint Standing Committee e-commerce subgroup report Foreign Exchange Joint Standing Committee e-commerce subgroup report This article describes recent developments in electronic trading in the foreign exchange market, based on a report produced by the e-commerce

More information

Annual General Meeting Amsterdam, 24 April 2013

Annual General Meeting Amsterdam, 24 April 2013 Annual General Meeting 2012 Amsterdam, 24 April 2013 Agenda 1 Review 2012 - financial 2 Strategic update 3 Preview 2013, Q1 2013 2 Key points 2012 - strategy Main strategic building blocks put in place

More information

AIFM OR UCITS: WHICH OFFERS THE GREATEST ECONOMIC OPPORTUNITIES?

AIFM OR UCITS: WHICH OFFERS THE GREATEST ECONOMIC OPPORTUNITIES? APRIL 15TH 2015 AIFM OR UCITS: WHICH OFFERS THE GREATEST ECONOMIC OPPORTUNITIES? REGULATION: BALANCING INVESTOR PROTECTION AND PERFORMANCE POTENTIAL FOREWORD 2 1 4 REGULATION DOES NOT DETERMINE WHERE THE

More information

Investment Manager Presentation

Investment Manager Presentation Investment Manager Presentation 23 rd March 2018 Gibraltar Asset Management Limited is Authorised and Regulated by the Financial Services Commission Contents 1. About Us 2. Key People 3. Security of assets

More information

Ideal Global Absolute Return Strategies Fund. Engineered to absorb shocks

Ideal Global Absolute Return Strategies Fund. Engineered to absorb shocks Ideal Global Absolute Return Strategies Fund Engineered to absorb shocks A new option for managing volatility If you re looking for the potential for positive absolute returns over the medium to long term,

More information

Samsung Securities Co., Ltd.

Samsung Securities Co., Ltd. Samsung Securities Co., Ltd. Samsung Group Asia Conference August 2016 Investor Relations Samsung Securities Contents 1. 2Q16 Earnings Review Income statement Net revenues Operating expenses Wealth management

More information

J.P. Morgan Global Liquidity

J.P. Morgan Global Liquidity J.P. Morgan Global Liquidity FOR INSTITUTIONAL AND PROFESSIONAL INVESTORS ONLY NOT FOR RETAIL USE OR DISTRIBUTION 2 Introducing J.P.Morgan Global Liquidity YOUR PARTNER: One of the world s largest liquidity

More information

Overview of the Proposed Combination of BGC Partners Inc. and espeed Inc.

Overview of the Proposed Combination of BGC Partners Inc. and espeed Inc. Overview of the Proposed Combination of BGC Partners Inc. and espeed Inc. Disclosures Forward-Looking Statements The information in this release contains forward-looking statements within the meaning of

More information

Setting the Scene Electronic Trading and the FIX Protocol

Setting the Scene Electronic Trading and the FIX Protocol Setting the Scene Electronic Trading and the FIX Protocol Topics Overview of FIX and connectivity Direct Market Access Algorithmic Trading Dark Pools and Smart Order Routing 2 FIX - Financial Information

More information

Best Execution Policy Information for Eligible Counterparties, Professional clients and Retail clients

Best Execution Policy Information for Eligible Counterparties, Professional clients and Retail clients Best Execution Policy Information for Eligible Counterparties, Professional clients and Retail clients Contents 1 Best Execution Obligations 1.1. Introduction 3 1.2. Achieving Best Execution in relation

More information

Unique investment solutions for wealth managers. Benefitting from change

Unique investment solutions for wealth managers. Benefitting from change Unique investment solutions for wealth managers Benefitting from change Responding to today s evolving investment landscape Foreword by Alexandra Haggard CEO, The European wealth management industry is

More information

Company Profile. Enabling Alternative Investments. Seite 1

Company Profile. Enabling Alternative Investments. Seite 1 Company Profile Enabling Alternative Investments Seite 1 Prime Capital AG Enabling Alternative Investments EXPERTISE Solutions for a Changing World The management of institutional assets in the new market

More information

Derivatives and ISDA Documentation

Derivatives and ISDA Documentation Derivatives and ISDA Documentation This course is presented in London on: 10 October 2018, 11 Februrary 2019, 28 September 2019 This course can also be presented in-house for your company or via live on-line

More information

BMI Order Execution Policy

BMI Order Execution Policy BMI Order Execution Policy March 2018 1 P a g e Order Execution policy March 2018 Introduction This Order Execution Policy sets forth information relating to how Bank of Montreal Ireland Plc ( BMI ) seeks

More information

Helping you improve your investment portfolio in challenging markets

Helping you improve your investment portfolio in challenging markets Aon Hewitt Retirement and Investment For Professional Clients only Helping you improve your investment portfolio in challenging markets Investment solutions for insurers Over 820 investment professionals

More information

PIMCO Solutions Group

PIMCO Solutions Group PIMCO Solutions Group Our Solutions Group harnesses PIMCO s broad capabilities to provide innovative solutions to the challenges investors face today. We draw on the firm s proprietary research and analytics,

More information

Robert Barnes, FSI Managing Director, Equities, UBS Investment Bank Chairman, Securities Trading Committee, London Investment Banking Association

Robert Barnes, FSI Managing Director, Equities, UBS Investment Bank Chairman, Securities Trading Committee, London Investment Banking Association Invited address delivered to the Joint European Central Bank/European Commission Conference The safety and efficiency of post-trading arrangements in Europe, 21-22 April 2008, Frankfurt, Germany Session

More information

Company Profile. Focus on Perspectives

Company Profile. Focus on Perspectives Company Profile Focus on Perspectives EXPERTISE Solutions for a Changing World The management of institutional assets in the new market environment following the financial crisis requires new approaches

More information

Derivatives and ISDA. This course is presented in London on: 22 March 2018, 10 October The Banking and Corporate Finance Training Specialist

Derivatives and ISDA. This course is presented in London on: 22 March 2018, 10 October The Banking and Corporate Finance Training Specialist Derivatives and ISDA This course is presented in London on: 22 March 2018, 10 October 2018 The Banking and Corporate Finance Training Specialist Course Objectives Participants will: Get an overview of

More information

Dechert and the Law Firm of Hassan Mahassni

Dechert and the Law Firm of Hassan Mahassni Dechert and the Law Firm of Hassan Mahassni PROVIDING COMPREHENSIVE LEGAL SERVICES IN MENA, ASIA AND BEYOND MAHASSNI 900+ LAWYERS 40+ LANGUAGES 29 OFFICES 14 COUNTRIES 1 ASSOCIATION 2 Attorney advertising.

More information

credit risk: loss resulting from customer or counterparty default and arises on credit exposure in all forms, including settlement risk.

credit risk: loss resulting from customer or counterparty default and arises on credit exposure in all forms, including settlement risk. (This information is available in English only) Citicorp International Limited In accordance to CG-1 of the Supervisory Policy Manual issued by the Hong Kong Monetary Authority, we append the disclosure

More information

The fixed income market has undergone dramatic changes and has become

The fixed income market has undergone dramatic changes and has become The Journal of Financial Services Technology 41 Electronic Bond Trading: reaching the tipping point By David Easthope Celent David Easthope is a senior analyst in Celent s securities and investments practice

More information

Best Execution. Introduction. This policy should be read in conjunction with other documents

Best Execution. Introduction. This policy should be read in conjunction with other documents Best Execution Best Execution Introduction Our Best Execution Policy (the Policy ) is applicable if you are a client of ours where: a. we execute on your behalf deals in respect of financial instruments

More information

Companies. The smart business decision: Switzerland and UBS

Companies. The smart business decision: Switzerland and UBS ab Companies The smart business decision: Switzerland and UBS Switzerland is the ideal location for business Switzerland is a world leader in business competitiveness and innovation, with a strong economy,

More information

PASSIVE CURRENCY OVERLAY TRENDS AND CHALLENGES FACING THE FX HEDGING MARKET

PASSIVE CURRENCY OVERLAY TRENDS AND CHALLENGES FACING THE FX HEDGING MARKET PASSIVE CURRENCY OVERLAY TRENDS AND CHALLENGES FACING THE FX HEDGING MARKET Participants: Jay Moore Senior Vice President Foreign Exchange Brown Brothers Harriman Marc Tuehl Global Head of FX Overlay HSBC

More information

Connecting the world s financial markets

Connecting the world s financial markets Connecting the world s financial markets ICAP Securities Limited Summary Annual Report for the year ended 31 March 2015 About ICAP Business review Summary financial statements Independent review report

More information

THINK BROADLY. ACT DECISIVELY.

THINK BROADLY. ACT DECISIVELY. THINK BROADLY. ACT DECISIVELY. COMPLEX CHALLENGES. INNOVATIVE SOLUTIONS. TODAY S COMPLEX, EVER-EVOLVING MARKETS CALL FOR AN INVESTMENT PARTNER WITH THE RESOURCES AND VISION TO LOOK AT THE INTERWOVEN GLOBAL

More information

ABN AMRO (Channel Islands) Limited Order Execution Policy

ABN AMRO (Channel Islands) Limited Order Execution Policy ABN AMRO (Channel Islands) Limited Order Execution Policy 1. Introduction 1.1. What is the aim of this policy? In this policy document, the bank has set out the procedures and rules used to execute your

More information

Handelsbanken Capital Markets

Handelsbanken Capital Markets FAct sheet Handelsbanken Capital Markets Handelsbanken Capital Markets comprises Handelsbanken s investment banking operations, asset management, and pension and insurance operations. We offer product-neutral

More information

Information on our MiFID order handling & execution policy

Information on our MiFID order handling & execution policy UBS Limited UBS AG London Branch 5 Broadgate London EC2M 2QS Tel. +44 20 7567 8000 www.ubs.com/ibterms Information on our MiFID order handling & execution policy Product general procedure cash equities

More information