Updates from March, 2016 Toggle Comment Threads | Keyboard Shortcuts

  • Jennifer J 07:10 on March 31, 2016 Permalink | Reply  

    Join Us: TradeTech Europe 

    TradeTech Europe, Paris TradeTech europe 2016.PNG

    Booth #28

    4/12-4/13


    TradingScreen CEO, Philippe Buhannic, is a panelist on the first day, 4/12. You can find him on Stream A: Best Execution and Venue Analysis. 
    4:30 PM Discussion Panel: What advances in venue analysis are enabling traders to provide more detailed trade routing information to their end clients?
    Moderated By: Joe McGrath, Managing Editor, Trading & Custody, Asset International
    • What are the new demands for the buy side and how can they take responsibility for this new reporting?
    • Where are the trades being executed and how can asset managers really get this information?
    • If trades are not executed, why did this happen?
    • Who are the players of tomorrow that better analyse order routing
    • How are these technology providers offering something different?

    The official event page can be found here. To attend, register here.

    Can’t attend? Fill out this form and we will contact you.

    To view all TradingScreen events, check out our events page here.

     
  • Jennifer J 11:49 on March 28, 2016 Permalink | Reply  

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 08:30 on March 25, 2016 Permalink | Reply
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    Hedgefund News Wrap: Week Ending 03/25/2016 

    VIRGIN AMERICA FOR SALE… MAYBE

    (USA TODAY) – The Richard Branson backed U.K airline, Virgin American Inc., might be for sale. Less than two years after going public, the Burlingame, Calif.-based carrier is seeking a potential buyer. Whether the sale is for the entire company or just a part, is still undisclosed.

    With fierce competition in the skies, Virgin still saw a $109.9 million profit in the fourth quarter of 2015, a healthy jump from the $3.9 million reaped during that period in the previous year. With the rumors circling around, shares rose 13 percent at the close on Wednesday to $34.72, valuing the company at $1.5 billion.

    Read the entire article at USA TODAY
    More coverage: Forbes and Bloomberg Business

    TiVo + ROVI = MERGER

    (The New York Times) – It was released Thursday morning that TiVo is reportedly in talked with Rovi for a potential merger. An early pioneer of digital-video recorders, TiVo Inc. has soared as much as 23 percent since the news broke.
    While some reports discuss a merger, some state that TiVo is selling itself to Rovi Corp. According to reports, the deal would consist of both cash and stock with TiVo shareholders holding around 30 percent of the combined company.

    Rovi is no stranger to these waters, as it was formed through the 2008 merger of Macrovision and Gemstar and is not one of the largest owners of patents for digital entertainment devices.

    Read the entire article at The New York Times
    More coverage: Bloomberg Business and Business Insider

    PROXY FIGHT STARTED TO OUST ENTIRE YAHOO BOARD

    (Reuters) – Hedge fund Starboard Value LP released a letter outlining its hopes to remove the entire board of Yahoo Inc., including CEO Marissa Mater. Owning 1.7 percent of Yahoo, Starboard started a battle over the future of the failing web giant as it is pressing ahead with an auction of its core Internet business (search, mail and news sites).

    “We have been extremely disappointed with Yahoo’s dismal financial performance,” Starboard said in its latest letter to Yahoo, adding that its need to officially launch a proxy fight was “unfortunate.” Yahoo responded that they will “respond in due course” and review Starboard’s nine nominated nominees.

    But here’s the kicker, Yahoo co-founder David Filo not only hold the largest stake, at, 7.5 percent, but is still active on the board. Furthermore, people close to the situation have stated that a proxy fight could hinder the auction effort, but Starboard insists that the shake up is to ensure that the core business is properly sold.

    Read the entire article at Reuters
    More coverage: The Wall Street Journal and USA Today

     
  • Jennifer J 14:20 on March 22, 2016 Permalink | Reply  

    A Few Words On Brussels… 

    To Our Family and Friends,

    Our thoughts are with our customers, partners and all members of the TradingScreen community, as well as their families and friends in Brussels, who may have been affected by the horrific attacked on innocent civilians on Tuesday morning. We recognize the impact that this will have on the community as it deals with the aftermath of the deadliest terrorist attack in Belgium.

    We offer our deepest condolences to all those wounded and to the families that lost loved ones in the attack.

    Sincerely,

    TradingScreen

     

     
  • Jennifer J 11:20 on March 21, 2016 Permalink | Reply  

    TradingScreen's Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:<a

    LITIGATION:

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 14:46 on March 18, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 03/18/2016 

    BIDDING WAR STARTED FOR STARWOOD

    (Bloomberg) – Starwood is having cash thrown at it, literally. Previously, Starwood Hotels & Resorts Worldwide Inc. was toying with an offer from Marriott International inc. to be bought out, but now Anbang Insurance Group Co. wants a piece.

    It has been released that Starwood received a binding $13.2 billion takeover bid from a group led by China’s Anbang Insurance. Anbang and its partners said they will pay $78 a share in cash for Starwood, a $2 per share increase from the surprise bid last week. Starwood, the parent company of Westin, Sherton and W, now has two offers on the table.

    “It’s a jump ball,” said Patrick Scholes, managing director at SunTrust Robinson Humphrey, referring to Starwood. He said he expects Marriott to come back to the table bid with a bid that is modestly higher than its last.

    As far as next steps, Marriott has until 11:59 p.m. EST on March 28 to negotiate revisions to the existing agreement and come up with a better offer than Anbang. What happens if Anbang wins? History would be made, as that would mark the largest-ever takeover of a U.S. company by a Chinese buyer. But what happens if Marriott takes it all home? The merger would create the world’s largest hotel operator. Either way, this is one for the history books, folks!

    Read the entire article at Bloomberg
    More coverage: The Wall Street Journal and Reuters

    DEUTSCHE BANK FORECASTS UNPROFITABLE 

    (The Financial Times) – Shares of Deutsche Bank AG dropped as much as 6.2 percent following co-Chief Executive Office John Cryan stating that he doesn’t expect DB to report a profit this year.

    “We’ve said this year is not going to be a profitable year, we may make a small profit, we may make a small loss, we don’t know,” Cryan said at a conference in London on Wednesday. “There’s a lot of stuff we have to get done this year, so this year we’re not going to be profitable.”

    So far, this year has not been friendly to the German lender, as shares have decreased about 24 percent this year.

    Read the entire article at The Financial Times
    More coverage: Bloomberg and Investor’s Business Daily

    TOSHIBA STUCK IN SCANDAL, SELLS ASSETS  

    (Bloomberg) – Japanese conglomerate Toshiba Corp. just announced that it will sell its medical and consumer-electronics units, contributing to efforts to raise cash and reduce its business portfolio. The $5.9 billion asset sales and newly announced big investment in its chip business is great news for Toshiba, who is attempting to cover up their accounting scandal.

    They are under investigation by the U.S. over allegations that it hid $1.3 billion in losses at its nuclear power operations, according to people familiar with the matter. The 334-page report stated that management was complicit in padding profits for almost seven years. The U.S. authorities are opening this case, even though the company had already been investigated in Japan. The U.S. Justice Department and Securities Exchange Commission also added that they are looking into the possibility of fraud.

    All of this boils down to a record fiscal year loss in its 140-year history, ouch.

    Read the entire article at Bloomberg
    More coverage: Reuters and The Wall Street Journal

     

     
  • Jennifer J 16:25 on March 16, 2016 Permalink | Reply  

    TradingScreen Shortlisted for Four HFM European Services Awards 

    TradingScreen has been shortlisted for the HFM European Service Services Awards 2016 in the following categories:

    • Best Risk Management Technology Provider
    • Best Portfolio Management Software Provider
    • Best Technology For Small and Start-up Firms
    • Best Cloud Computing Solution

    HFM European Hedge Fund Services awards 2016 shortlisted

    The awards are an afternoon of recognition and reward for those hedge fund service providers that have demonstrated exceptional customer service and innovative product development over the past 12 months. We are delighted to announce to be officially shortlisted.

    To view all TradingScreen awards, check out our awards page here.

    Interested in our award-winning platforms? Fill out this form and we will contact yo

     
  • Jennifer J 13:59 on March 14, 2016 Permalink | Reply  

    Join Us: FIA Boca 

    TradingScreen will be in Boca Raton, Florida for the FIA Boca International Futures Industry Conference, this Tuesday through Friday, March 15-18.  

    FIA Boca 2016+

    The conference will include;

    • More than 1,100 delegates
    • Nearly 60% belong to senior management (Chairmen, Presidents, EVP/SVP, CEO, Founding Directors or Partners)
    • International guests represent 30 countries and account for 25% of attendees
    • More than 50 international exchanges from Chicago to Shanghai are represented
    • 40 brokerage firms and an increasing number of buy-side firms attend

     
  • Jennifer J 11:01 on March 14, 2016 Permalink | Reply  

    TradingScreen’s Morning Roundup 

    KEY REGULATORY DEVELOPMENTS:

    LITIGATION:

    Apollo fresh market

    TECHNOLOGY:

    THOUGHT LEADERSHIP:

     
  • Jennifer J 13:14 on March 11, 2016 Permalink | Reply  

    Hedgefund News Wrap: Week Ending 03/11/2016 

    FORGET DRONES, AMAZON NOW HAS PLANES

    (CNN Money) – As predicted, Amazon is officially in flight. News broke that the retail-giant has leased 20 Boeing 767 cargo planes from Air Transport Services Group Inc.

    In an effort to reduce delivery troubles and delays, Amazon is looking to lessen its dependence on UPS and FedEx. The first lease of just 20 planes reinforces that this is just a test and not a full-fledged dive into the deep end, but according to Bloomberg they have been planing this for nearly three years now.

    “It gives you a sense of the scale at which they are operating and the scale at which they plan on operating in the future,” said Steven Weinstein, an analyst at ITG. “To take on something this ambitious really requires a great deal of confidence that you are going to be moving significant volumes for a long period of time.”

    Amazon’s Prime customers depend on that free 2-day delivery and the more planes they have in the air, the more happy customers will be.

    Read the entire article at CNN Money
    More coverage: Bloomberg and Tech Crunch

    VOLKSWAGEN’S U.S. CEO IS OUT 

    (Bloomberg Business) – As Volkswagen deals with its emission-test cheating scandal, they now have another problem on their dirty plate. The leaders of the VW brand in the U.S., Michael Horn, abruptly left the automaker and will be replaced by executive Hinrich Woebcken, according to the company.

    Interestingly enough, when the scandal broke, independent retailers lobbied for him to remain on the job, as his removal would be “catastrophic.” Oops, looks like they are screwed. The longer Horn was required to be the public face of the most-hated auto brand, the more apologies he had to give at auto shows and other events.

    “People know this scandal was rooted in Germany, which is why this is so surprising,” said Rebecca Lindland, senior analyst for auto researcher Kelley Blue Book. “In terms of scapegoats, there are other goats out there who would have been better” to take the fall.

    Horn had been with VW since 1990, but apparently the immoral behavior that his company participated in was just too much.

    Read the entire article at Bloomburg Business 
    More coverage: NBC News and CNBC

    GM BUYS SELF-DRIVING CAR TECH STARTUP FOR OVER $1 BILLION

    (Fortune) – General Motors entered the self-driving car race today with the purchase of a tech startup for the hefty price of over $1 billion.

    Cruise Automation, a San Francisco-based developed of autonomous vehicle technology in a deal valued at “north of $1 billion,” in a combination of cash and stock. Previously, Cruise has raised $20 million from various investors and was a product of the Y Combinator accelerator program.

    “GM shares a common vision for the deployment of autonomous vehicles at a mass scale — a clear and vivid vision,” said Kyle Vogt, Cruise’s founder and CEO.

    Read the entire article at Fortune
    More coverage: Wall Street Journal and Business Insider

     
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