Friday 31st October 2014
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FRIDAY TICKER: OCTOBER 31TH 2014: - The re-election of President Dilma Rousseff on Sunday has important implications for Brazil's Baa2 sovereign rating, as well as for the credit quality of the country's banks, corporations and securitisations, says Moody's. The rating agency says the narrow margin of her victory underscores the challenges she faces as she looks to revive Brazil's lacklustre economic performance - Facebook has reported third quarter results, again showing strongest year-on-year growth in mobile, where daily active users (DAUS) rose by 39% to 703 million, while overall daily users rose 19% to 864 million DAUS - Francisco Partners, a global technology-focused private equity firm, today announced it has completed the acquisition of Vendavo, Inc., a leader in business-to-business (B2B) pricing solutions. David Mitchell, an operating partner of Francisco Partners, will join Vendavo as CEO and lead the company’s worldwide business strategy and operations. Incumbent CEO Neil Lustig will transition into an advisory role with Vendavo. Francisco Partners now has a controlling stake in the Silicon Valley company. The acquisition by Francisco Partners provides additional resources to bolster Vendavo’s aggressive growth strategy, enabling the company to expand sales and marketing while accelerating cloud development. Vendavo completed a record first half of 2014, with nearly 30-percent growth in bookings, and the release of two breakthrough solutions for price and sales effectiveness. Based in Mountain View, Calif., Vendavo provides revenue and price optimisation solutions for B2B mid-market and enterprise companies.Francisco Partners was advised by JMP Securities, and Vendavo was advised by William Blair. Financial terms of the transaction were not disclosed – The International Finance Corporation, or IFC, issued the four-year, triple-A rated bond only to Japanese retail investors, tapping into the growing interest in low-risk investments with a social or environmental focus. The World Bank, has sold several billion dollars in green bonds over the past six years, with proceeds going to help countries and firms cut greenhouse gas emissions and adapt to climate change. The latest offering, Inclusive Business bonds, would finance firms that work with or sell to the 4.5bn people in the world that make less than $8 a day. IFC said while most poor people do not spend a lot individually, as a whole they represent an estimated $5trn consumer market that firms could tap into - NAKA Mobile, a telecoms and technology specialist based in Switzerland, has claimed the industry’s first virtualised evolved packet core (vEPC). Utilising Cisco’s NFV services, NAKA claims it will transform its network architecture, expand beyond Switzerland, and provide its mobile Internet services to customers across the world - The Internet Society and Alcatel-Lucent have agreed to provide support and equipment for the development of the Bangkok Internet Exchange Point (BKNIX). The project will utilise the Internet Society’s Interconnection and Traffic Exchange (ITE) programme and is intended to deliver a stronger and more robust Internet infrastructure for South East Asia.

FPL Latin America Electronic Trading Conference

FPL Latin America Electronic Trading Conference August 2nd | Tivoli Hotel, São Paulo www.fixprotocol.org/latam2012 http://www.ftseglobalmarkets.com/

Secure Your Place at the FPL Latin America Electronic Trading Conference, Created by the Latin American Trading Community

August 2nd | Tivoli Hotel, São Paulo
www.fixprotocol.org/latam2012

Building on the success of previous FPL events in Latin America, this year’s conference is set to bring together more than 350 senior representatives from across the region’s buy and sell-side, regulator, trading venue and vendor communities. Join FPL in Sao Paulo and benefit from an event that will offer:

• Separate business, strategic and technical streams, exploring the critical issues, challenges and opportunities impacting firms trading in the region in 2012 and beyond
• An agenda created by senior representatives from the Latin American trading community to address the real needs of the Latin American trading community
• The opportunity to hear the thoughts and impartial perspectives of more than 30 leading experts on the issues that matter to your firm
• Invaluable learning opportunities for representatives from across the region’s trading community
• The opportunity to meet with key decision makers through the many networking opportunities available throughout the day and at the evening cocktail reception

Topics for discussion will include:
• The future of electronic trading internationally and the opportunities and challenges that emerging trends will present to firms in Latin America
• As Dodd Frank reforms and the Volcker rule take shape in the US, what is the likely impact for OTC derivatives trading in Latin America?
• The Brazilian post-trade environment and the potential benefits that increased use of FIX for post-trade processing could present
• Trading across multiple venues in Latin America
• How firms could more effectively measure and control the true costs of trading
• Accessing Liquidity and gaining increased transparency: How can firms understand if they really did achieve best execution?
• Trade information: What data is available to firms trading in Latin America and how are firms using it?
• Trading locally verses internationally: Risk management and regulatory issues to consider
• Meeting the challenges of latency measurement
• How the latest developments from FPL could help support your firm’s emerging business needs
For further agenda details please visit: www.fixprotocol.org/latam2012/program

Register Today
All FPL member firms receive a FREE allocation of passes to attend this event and FREE attendance is available for all representatives from the buy-side and regulatory communities.

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