Digital Assets Report

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Nasdaq is to acquire Sybenetix, a surveillance provider that combines behavioural analytics and cognitive computing with financial markets expertise. Sybenetix’s technology offering is designed to solve key surveillance challenges facing the asset management industry.   The addition of Sybenetix to Nasdaq’s Risk & Surveillance suite of solutions, including SMARTS and TradeGuard, will allow Nasdaq to bring deeper technology savviness and expertise to buy-side compliance officers across the global capital markets who require future-focused surveillance capabilities to protect their firms. Sybenetix’s behavioural science technology will further strengthen Nasdaq’s conduct surveillance offering, which will provide a holistic view of behavioural risks across trade, ecomms,
Acadian Asset Management (UK) Ltd, the London-based subsidiary of Boston-based, quantitative hedge fund management company Acadian Asset Management, has appointed Mark Roemer (pictured), as Portfolio Manager in the London office. In this role, Roemer will be part of the core portfolio management team and responsible for aiding the development of Acadian’s investment process, drawing upon his quantitative capabilities and knowledge of global equity markets. His experience in developing and implementing new strategies will aid in the continued progress of Acadian’s investment offering, which spans Equity, Long/Short and Managed Volatility strategies.   Roemer has over twenty years of investing experience and
LedgerX, the New York-based institutional trading and clearing platform for digital currencies, has been granted US Commodity Futures Trading Commission (CFTC) approval to operate the first US federally-regulated exchange and clearing house for derivatives contracts settling in digital currencies. LedgerX is now authorised as a derivatives clearing organisation (DCO) under the Commodity Exchange Act (CEA) to provide clearing services for fully-collateralised digital currency swaps.  LedgerX, which was also granted an order of registration as a Swap Execution Facility on 6 July, 2017, initially plans to clear bitcoin options.   Participants in the LedgerX venue will be able to obtain and
TAB has launched the global Crowdfunding and Marketplace Finance Index (CAMFI), marking the start of detailed quantitative tracking of this emerging asset class.  TAB partnered with AIF at Zhejiang University, Hangzhou Linghao Science and Technology Co Ltd and BBD UK to launch the new index, which analyses more than 4,800 debt (P2P), equity and rewards crowdfunding platforms globally to estimate the overall monthly climate of the global marketplace finance and crowdfunding industry to create a single global metric. The latest CAMFI figures show the industry experienced an overall downward trend in June, with CAMFI dropping from 103.40 in May to 87.95 in June, a
Global Advisors (Jersey) supported by JTC, and in partnership with law firm Carey Olsen, has launched what is believed to be the world’s first regulated, crypto-denominated fund. CoinShares Fund I, which launched on 23 June 2017, is a self-managed fund and will receive investment exclusively in Ether, the ‘crypto-fuel’ which runs the Ethereum platform.  Global Advisors says it is the first regulated bitcoin investment strategy and the firm is the provider of Europe’s only exchange traded bitcoin notes (ETNs). The firm writes that since May 1st more than USD1 billion was raised through Initial Coin Offerings (ICO). “This statistic serves both as
iCapital Network, a financial technology platform aiming to democratise alternative investments for high-net-worth individuals and their financial advisors, has completed its latest funding round which included participation by Morgan Stanley Investment Management. Morgan Stanley’s investment, together with investments from UBS Financial Services, Inc. (NYSE: UBS) and lead investor BlackRock (NYSE: BLK), brings iCapital’s total funding to date to over USD50 million.   iCapital’s online platform offers investors and their advisors access to select alternative investments such as hedge funds and private equity funds. The platform is powered by iCapital’s end-to-end technology solution, which automates the unique subscription, administration and reporting
The sharp outperformance of technology stocks, which represent 23 per cent of the the S&P 500 currently, lifted the index to new records last week, according to the latest weekly brief by Lyxor’s Cross Asset Research team. In turn, the MSCI World also reached new records, considering the huge weight of US stocks (59 per cent) in the benchmark. The latest leg of the global equity rally is taking place in the context of the Q2 earnings season in the US, which has proved particularly good for technology companies so far. According to Bloomberg, 8 technology companies already reported Q2
More than nine out of 10 (92 per cent) senior professionals working in the hedge fund industry expect to see the volume of Exchange Traded Funds (ETFs) used by hedge funds to increase by the end of 2017. That’s according to new research commissioned by Source, one of the largest providers of ETFs in Europe.   On average, hedge fund professionals expect the volume to rise to USD55 billion by the end of this year, up from around USD44 billion at the end of 20162, with almost a fifth (19 per cent) forecasting it could rise to over USD70 billion.
New York-based PortfolioScience and Eze Software have joined forces to offer the marketplace a unique solution for fund managers: pre-trade compliance rules based on market risk.  The RiskAPI service, developed by PortfolioScience, is a fully hosted and customisable risk solution that integrates seamlessly with existing applications and programming frameworks to generate risk calculations for multi-asset, multi-currency portfolios and individual positions.  Eze Investment Suite, Eze Software’s straight-through processing solution for the entire investment lifecycle, culls inefficiencies and replaces innumerable manual operations tasks by streamlining portfolio analytics, modelling, trading compliance and risk, from idea generation to settlement. The Portfolio Science application adds
In a post-regulatory world, one of the ways for hedge fund managers to gain an edge on their peers is thinking about how to make risk more strategic. To tell a more coherent story, in terms of how they manage risk to improve their reputation and their asset raising capabilities, as well as helping with the overall performance of their fund(s).  This needn’t be confined purely to investment risk. As will be revealed, it could also include technology risk and liquidity risk, to name but two.  Providing tools for managers to move risk management into the front-office to gain clearer

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