Wednesday, 23 July 2014
Last updated 2 hours ago
Nov 14 2012 | 10:57am ET
A former IKOS Asset Management analyst is continuing to make himself scarce in the hedge fund's home jurisdiction.
Vincent Pfister again failed to appear in a Cypriot court to face charges that he stole IKOS' algorithmic trading systems. Already facing a €25,000 fine, Pfister would have faced criminal charges had he appeared, Cyprus Mail reports.
The Cypriot court dutifully set a new hearing date for Jan. 29.
According to IKOS, Pfister admitted that he had downloaded the codes, but he denied that he planned to share them with IKOS co-founder Martin Coward. The case is one of many legal actions surrounding the split of Coward and IKOS chief Elena Ambrosiadou.
A European arrest warrant has been issued for Pfister, who has homes in both France and Britain. But British authorities will not execute the warrant without fingerprint information.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…