Latest News
Quantitative hedge fund Taaffeite Capital Management (Taaffeite) has appointed Ronald Raymond as Chief Operating Officer.
Raymond is a 21-year veteran in the asset management industry with extensive experience in hedge fund operations and compliance. Raymond will oversee Taaffeite’s operating units and capital markets execution.
“Allocators are increasing their investments into quantitative asset managers like Taaffeite who can demonstrate a unique edge and ability to generate consistent uncorrelated returns over an extended period of time,” says Dr Desmond Lun (pictured), Chief Executive Officer of Taaffeite. “Ronald’s impressive experience in building financial and operational infrastructure will be an important component in
- 23/08/2017
CloudQuant, a trading strategy incubator, has launched its crowd research platform by licensing and allocating USD15 million (USD) to a trading algorithm. The algorithm licensor will receive a direct share of the strategy’s monthly net trading profits.
The crowd researcher leveraged CloudQuant’s free market simulation and python data science tools to build an effective trading strategy. The strategy began trading immediately upon approval of the licensing agreement.
“We are excited to launch CloudQuant. The launch represents the first significant funding of a crowd-based quantitative analyst thereby proving the opportunity for independent data scientists and market enthusiast to join the
- 23/08/2017
Nasdaq is now offering proprietary US equity feeds from Equinix’s London International Business Exchange (IBX) data centre – LD4 – located in Slough, UK.
As part of Nasdaq’s efforts to bring US proprietary equities data to a larger audience, Nasdaq now offers Nasdaq TotalView and Nasdaq Basic from LD4. Nasdaq Basic combines Nasdaq Best Bid and Offer (QBBO), with either Nasdaq Last Sale (NLS), or Nasdaq Last Sale Plus (NLS Plus).
“We continue to focus on working closely with our clients around the world in order to help them gain secure, efficient access to our markets,” says Jeff Kimsey
- 23/08/2017
Volatility management specialist Runestone Capital is to launch its first ever US fund. The systematic strategy buys or sells US equity index volatility on a one-day forward basis based on statistical probabilities.
The strategy allows investors to access pure volatility as an asset class through trading VIX related instruments such as VIX futures, exchange traded notes, and options. Historical returns have been shown to typically be uncorrelated to traditional equities and fixed income since inception in May 2015.
“The strategy has delivered returns in very different market conditions as the strategy is agnostic to being long or short and
- 23/08/2017
Ultimus Fund Solutions, a provider of mutual fund, pooled investment and middle office services, has added Dina Tantra to its management team as Executive Vice President, Director of Fund Administration and Compliance.
“The legal and compliance professionals at Ultimus work closely with clients, in conjunction with our many business partners, to provide the core servicing that is expected and to enable the successful navigation of the continuously-changing regulatory arena,” says Gary Tenkman (pictured), Chief Operations Officer and Managing Director of Ultimus. “As we continue to grow, Dina will be instrumental in overseeing these aspects, along with cultivating a strategic outlook
- 23/08/2017
Indus Valley Partners (IVP), a provider of technology solutions for alternative asset managers, has enhanced its own Enterprise Data Management platform to transform the way data is managed, memorialised and maintained for global asset managers.
IVP EDM incorporates state-of-the-art data smart technology and provides an enterprise data layer that comes with pre-built connectors to every major broker, trading counterparty and market data vendor. With support for asset management-specific workflows and full transparency into data lineage, by implementing IVP EDM clients can achieve best practice in data governance without undertaking a major overhaul of their legacy technology.
Every asset management
- 23/08/2017
ITI Group has acquired a 100 per cent stake in Walbrook Capital Markets Limited, an FCA-regulated brokerage house providing direct access to global exchanges and bespoke wealth management services.
Employing an expert team of experienced brokers, Walbrook specialises in a fully comprehensive range of asset classes and account types including personal trading accounts, SIPPs, ISAs and QROPs.
ITI Group financed the Walbrook acquisition by a recent round of private equity investment by Da Vinci Capital and several experienced fintech co-investors.
Da Vinci Capital managing partner Oleg Jelezko, says: “ITI Group have acquired Walbrook because it is a sound
- 23/08/2017
The Phelix-DE product suite, which launched on the European Energy Exchange (EEX) in April this year, has been widely welcomed by the market, and is quickly establishing itself as the new benchmark product for German power.
EEX says that increasing confidence from market participants has resulted in a significant shift of liquidity from the old Phelix-DE/AT into the new Phelix-DE contract, particularly in contracts which cover maturities following the split of the original bidding zone, which is currently planned for 1st October 2018.
In the first half of August 2017 more than 40 per cent of the volumes in
- 22/08/2017
CloudMargin, provider of a web-based collateral and margin management solution, is to connect with DTCC-Euroclear Global Collatera’s Margin Transit Utility (MTU).
The agreement expands CloudMargin’s settlement capability and enables users to access MTU from the cloud, fully automating the entire collateral lifecycle.
CloudMargin is the first technology provider to join GlobalCollateral’s Partner Program, with MTU integration efforts currently underway. MTU is a comprehensive industry solution that automates and streamlines the processing and settlement of margin and collateral for dealers and buy-side firms. The solution reduces risk and costs for market participants by securely capturing settlement instructions, accelerating processing velocity,
- 22/08/2017
IHS Markit, a provider of critical information, analytics and solutions, has launched a new service designed to help investment firms comply with MiFID II’s RTS 28, which requires them to publicly report their top five trading venues by asset class.
Compliance with RTS 28 can be a burden because investment firms must create up to four documents for each of the 22 asset classes covered by the regulation, including equities and multiple types of debt instruments, OTC derivatives, structured products and emissions credits. Within each asset class, trades must be tabulated by customer type and order type and those reports
- 22/08/2017
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