Tuesday 1st September 2015
NEWS: Friday, August 28TH: The Hong Kong Monetary Authority says it has granted a restricted banking licence to Goldman Sachs Asia Pacific Company Limited (GSAPCL) under the Banking Ordinance. GSAPCL, incorporated in Hong Kong, is a wholly-owned banking subsidiary of the Goldman Sachs Group, Inc. The number of restricted licence banks in Hong Kong is now 24 - Apple launched its first Australian dollar corporate bond issue, raising $1.2bn within two hours this morning. Strong demand for the US tech giant’s fixed and floating, four and seven year Kangaroo bonds saw the firm outstrip predictions it would raise between $500m and $1bn. Apple bonds are popular because the AA+ rated company is considered an ultra-safe investment, although yields are correspondingly low — about 3% on four-year bonds and about 3.8% on seven-year bonds - The European Securities and Markets Authority (ESMA) has published the responses received to the Joint Committee Discussion Paper on Key Information Document for PRIIPS. The responses can be downloaded from the regulator's website - Romania’s MV Petrom reportedly is planning a secondary listing on the London Stock Exchange. According to Romanian press reports, the local investment fund Fondul Proprietatea may sell a significant stake in the company via public offering on the Bucharest Stock Exchange and London Stock Exchange. OMV Petrom, with a current market capitalisation of €4.85bn has announced that it will ask its shareholders’ approval for a secondary listing in London. The general shareholders meeting is scheduled for September 22nd. Austrian group OMV, holds 51% of the company’s shares; other shareholders include the Romanian state, via the Energy Ministry, with a 20.6% stake, and investment fund Fondul Proprietatea, which holds 19%. The remaining 9.4% is free-float - Morgan Stanley (NYSE/MS) today announced the launch of a new fund, the IPM Systematic Macro UCITS Fund, under its FundLogic Alternatives plc umbrella. The fund provides exposure to IPM’s Systematic Macro strategy, which is based on IPM’s proprietary investment models that provide unique insights into how fundamental drivers interact with the dynamics of asset price returns. The FundLogic Alternatives Platform currently has more than $2.6bn in assets under management (as of 31 July 2015) and this latest addition expands Morgan Stanley’s offering of global macro strategies - Equities sold off hard this morning as continued pressure on Chinese stocks rippled throughout world markets. Chinese government intervention brought the Shanghai Composite back a positive close; but the question is now, has confidence eroded so much that the market will continue to depend on the government to prop it up? The other key element to consider today is the outcome of the debate in the German parliament on the Greek bailout. Last month, a record 65 lawmakers from the conservative camp broke ranks and refused to back negotiations on the bailout. The daily Bild estimated that up to 120 CDU and CSU members out of 311 might refuse to back the now-agreed deal. However, Chancellor Merkel is looking to secure support from the Social Democrats (SPD), Merkel's junior coalition partner, and the opposition Greens which will likely swing the final decision Greece’s way. However, a rebellion by a large number of her allies would be a blow to the highly popular Chancellor.

Latest Video

Instinet names Adam Toms CEO of Instinet Europe Limited

Monday, 11 June 2012
Instinet names Adam Toms CEO of Instinet Europe Limited Instinet Incorporated, the provider of electronic trading and agency-only brokerage services, says that  Adam Toms has been appointed CEO of its Instinet Europe Limited subsidiary. Fumiki Kondo, chief executive of Instinet Incorporated, explains that, “Adam brings a deep understanding of the needs of our clients and the challenges they face in today’s rapidly-changing and highly-complex markets. We expect his knowledge, experience and leadership will be invaluable as we work to grow Instinet’s European business.” http://www.ftseglobalmarkets.com/

Instinet Incorporated, the provider of electronic trading and agency-only brokerage services, says that  Adam Toms has been appointed CEO of its Instinet Europe Limited subsidiary. Fumiki Kondo, chief executive of Instinet Incorporated, explains that, “Adam brings a deep understanding of the needs of our clients and the challenges they face in today’s rapidly-changing and highly-complex markets. We expect his knowledge, experience and leadership will be invaluable as we work to grow Instinet’s European business.”

With its agency model, advanced electronic platform and well-deserved reputation for trading excellence, Instinet provides a unique value proposition to the buy side,” said Toms. “I am extremely excited to join its talented group of employees in Europe as we work to build upon Instinet’s considerable legacy.”  The move is something of a surprise as most market watchers had anticipated Instinet to be rolled into parent Nomura’s equity trading franchise, encased in Nomura International; moreover the agency trading model has undergone a testing period of late.  However, Toms is a very high profile trading business leader and will undoubted bring a harder edge to the Instinet business. It will be interesting to see what he does with the Instinet brand.

Toms served as managing director; co-global head of electronic trading at Nomura International, where he successfully led the integration of the Lehman’s trading business into the Japanese major. When he first joined Nomura following its acquisition of the European assets of Lehman Brothers, he headed  up the firm’s European Portfolio and Electronic Sales Trading desk. Prior to that, Toms was an Equity Trader at Barclays Global Investors in London.

Toms will succeed Richard Balarkas, who will leave the firm to pursue other interests. “Over the past four years, Richard has effectively steered Instinet Europe through myriad challenges amidst difficult market conditions. We thank him for his many contributions during that time, and wish him all the best in his future endeavours,” says Kondo.

Related News

Related Articles

Related Blogs

Related Videos

Current Issue

Tweets by @DataLend

DataLend is a global securities finance market data provider covering 42,000+ unique securities globally with a total on-loan value of more than $1.8 trillion.

What do our tweets mean? See: http://bit.ly/18YlGjP