Wed, Jul 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Aquila Capital completes first IRS trades using Newedge’s OTC clearing service

Thursday, November 28, 2013

Komfie Manolo, Opalesque Asia: Europe’s independent alternative asset manager Aquila Capital said on Wednesday that four of its funds have cleared OTD interest rate swaps (IRS) at LCH.Clearnet’s SwapClear using Newedge’s SwapClear Clearing Membership.

In a statement, Aquila Capital said the deal with multi-asset brokerage and clearing firm Newedge had been facilitated by AQX Securities, an independent multi-asset execution services provider.

Roman Rosslenbroich, CEO Aquila Capital, commented, "OTC IRS Swaps are an important vehicle in our investment and risk management strategies. By transitioning this multi-million dollar business into SwapClear, we now benefit from reduced counterparty risk in a centrally cleared environment, as well as the seamless service of Newedge’s OTC clearing platform."

John Wilson, Global Head of OTC Clearing at Newedge, added, "We are delighted to support Aquila’s expansion into OTC clearing on Newedge’s multi-asset clearing offering, which encompasses listed and OTC derivatives. Our platform and expertise gives clients a choice of global CCPs in a rapidly evolving market, as well as offering support to meet their regulatory reporting obligations."

Newedge’s OTC clearing services, part of a mult......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor