New York (HedgeCo.net) – Hedge fund and prime broker provider, FTEN has expanded to Europe establishing FTEN Europe Ltd. and the hire of Valerie Bannert-Thurner Ph.D., who assumes responsibilities as European Executive Director.

Ms. Bannert-Thurner comes to FTEN after establishing European operations for Skyler Inc. where she held a variety of executive positions including head of product strategy, strategic alliances, marketing and business development.

“Our expansion into Europe addresses a growing demand from the European trading community,” said Ted Myerson, CEO of FTEN. “Brokers, exchanges and infrastructure providers across Europe are seeking to expand their business to accommodate the rapid growth in high-frequency trading,” continued Myerson. “Valerie will adapt our business model and partnering arrangements to the European landscape, while introducing best practices for high-frequency trading and high-frequency risk controls,” Myerson added.

“My goal is to establish FTEN as a trusted partner for market participants who want to expand their Sponsored Access business into this high-frequency sector,” claimed Ms. Bannert-Thurner.

The FTEN Execution and Risk Control platform offers hedge funds, proprietary trading firms and their sponsoring broker a platform for high speed executions across multiple venues and asset classes along with real-time pre-trade and post-trade risk controls to continuously monitor ’black box’ trading positions and limits.

Ms. Bannert-Thurner has a B.S.M.E., M.S. and Ph.D. in Strategic Management from the Swiss Federal Institute of Technology, ETH Zurich. She has authored articles in finance, strategy and technology, and has spoken at several Industry conferences.

Tags: asset-classes, control platform, director ms, eth zurich, european landscape, executive positions, ften, industry conferences, infrastructure-providers, market participants, myerson, prime broker, product strategy, proprietary trading firms, risk control, strategic alliances, swiss federal institute, swiss federal institute of technology, technology eth, trade risk

BloggingStocks – Congress will bring in a bunch of big hedge fund managers like George Soros and ask them why they make so much money. It will also try to figure out if they control too much of the trading on Wall Street and borrow too much money from banks putting them at risk if the hedge funds default.

According to The Wall Street Journal, "Already, momentum is building to monitor hedge-fund activities more closely and curtail some trading activities, through greater regulatory oversight and lower borrowing limits, industry insiders said."

The government may be going a little too far here. For starters, hedge funds are private institutions with the exception of a couple which have gone public. To a large extent what they pay their traders is based on a formula which their customers accept. These fees are not forced on anyone. It is not an odd analogy to say that a farmer who makes $100 million because he owns 50,000 acres of corn has reaped what he deserves for his labor. But, he is not going to be in front of Congress testifying about what he made. Free enterprise has given him his reward.

Read Complete Article

Tags: alan-greenspan, beta, capital-growth-management-lp, dealer-operations, farmland, housing-market, infrastructure-providers, investment-flows, journalism, legislation, london, papua-new-guinea, scrutiny