Thursday, 18 December 2014
Last updated 16 hours ago
Sep 30 2008 | 6:31pm ET
Prime brokerage firm Merlin Securities is trying to stay one step ahead of its peers by creating a platform that will allow its hedge fund clients to fulfill the new requirements for reporting on short positions.
"At the push of a button, Merlin's clients are now able to pull together all of the data required to complete SEC Form SH," said Aaron Vermut, senior partner and chief operating officer of Merlin.
"In a time of difficult market conditions, we felt that the last thing our clients needed was to learn a new reporting requirement, so we worked quickly to design a solution that would make the process as simple and straightforward as possible. This new reporting tool continues our commitment to providing our single- and multi-primed hedge fund clients with timely and effective technology."
Two weeks ago, the Securities and Exchange Commission barred outright short-selling in nearly 800 financial stocks. The regulator subsequently loosened some of those restrictions, and added a two-week delay in making public hedge funds’ short positions. Hedge funds and other money managers still have to report their positions to the regulator the first Monday following the trade.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.