Latest News
Euronext has announced its results for the second quarter of 2017 including a 3.8 per cent increase in revenues to EUR137.3 million (Q2 2016: EUR132.3 million) on the back of improved trading volumes on both the cash and derivatives markets, with derivatives also benefiting from the closure of TOM in the Netherlands.
Operational expenses excluding Depreciation & Amortisation increased by 6.3 per cent to EUR58.1 million (Q2 2016: EUR54.6 million) due to the deployment of the company’s Agility for Growth initiatives, ongoing IT projects (including the development of our new trading platform, Optiq), and new business.
During the quarter,
- 28/07/2017
LiquidityBook has appointed industry veteran Andy Carroll (pictured), as Chief Architect. Carroll, who will report to CTO Shawn Samuel, will be responsible for the technology architecture of the firm’s SaaS-based platform.
Carroll is LiquidityBook’s third major hire in as many months, joining Head of Technical Sales Les Vital and EMEA Client Services Manager Nicholas Thompson, both of whom joined from Eze Software Group.
Carroll ibrings over 30 years of experience across the industry. He joins LiquidityBook from Twitter, where he was a staff software engineer in the firm’s Live Video group, serving as the tech lead on the project
- 28/07/2017
TradesParent, a provider of Commodity Management Solutions, has become a registered service provider with CME Group to help extend regulatory reporting capabilities for the commodity processing and trading community.
“We are pleased to work with TradesParent to provide the global commodity community with a well-integrated trade reporting solution,” says Jonathan Thursby (pictured), Executive Director & Global Head of CME Group Global Repository Services. “The TradesParent Commodity Management Cloud Solution’s innovative technologies and analytics are the key to unlocking value and helping our mutual customers to achieve regulatory compliance.”
Designed and built by commodity professionals for the commodity industry, the
- 28/07/2017
Institutional investors based in Asia-Pacific have allocated more capital to hedge funds in recent years, reaching a record USD202 billion as of the end of 2016, up from USD180 billion a year earlier, according to Preqin’s new Hedge Funds in Asia-Pacific report.
This is at odds with allocation trends in North America and Europe, which in 2016 saw a greater proportion of investors indicate they were seeking to draw back from hedge funds than were looking to increase their investments. The majority of capital invested in hedge funds by Asia-Pacific-based investors comes from sovereign wealth funds, while several investors, particularly
- 28/07/2017
StarCompliance, a provider of enterprise compliance and regulatory software solutions for the financial services industry, has secured an investment from Luminate Capital Partners, a San Francisco-based private equity firm, to support its global growth strategy.
StarCompliance’s software platform helps financial services institutions manage, prevent, detect, report and resolve employee conflicts of interest by providing an unmatched 360-degree view of employee activity across the enterprise. StarCompliance’s platform monitors critical regulated employee activities such as personal trading, gifts and entertainment, political contributions and outside business activities to ensure ongoing compliance and mitigate the operational and reputational risk of non-compliance.
“We are
- 28/07/2017
- 28/07/2017
Pragma, a multi-asset quantitative trading technology provider, has enhanced Pragma360’s algorithmic suite to support triangulation of cross pair trading.
The new functionality, created in response to client demand, allows traders to trade cross-pairs through triangulation to achieve better prices. By splitting the trade across more liquid currency pairs then triangulating the liquidity through a common base currency, it allows the benefits of algorithmic trading to extend to less liquid cross pairs.
According to Greenwich Associates, real-money investors and corporate treasuries that commonly need to trade these illiquid pairs overwhelmingly value best execution and price above other factors when it comes
- 27/07/2017
By George Ralph, RFA – We all know that cyber-attacks are not only more prevalent but they are increasing in ferocity, becoming ever more ambitious and overt. The latest culprits, Petya and WannaCry both used phishing attacks to spread malware through networks, and Petya rendered the user’s computer inoperable and gave hackers full access to the usernames and passwords stolen from the computer.
Here is a set of top tips to prevent your firm being an easy target for cybercriminals:
1) Get your paperwork in order
Documented policies and procedures safeguard business data, systems and networks and allow you to
- 27/07/2017
- 27/07/2017
Below is an excerpt from Eze Castle’s whitepaper, Is Hybrid Cloud Right For Your Firm?.
Download the full whitepaper here.
With its security, privacy, and performance, the private cloud has been the go-to option for financial and investment firms that require enterprise-caliber IT infrastructure. In most cases, that private cloud is professionally managed by a service provider solely focused on monitoring, managing, and maintaining that infrastructure to meet business requirements and compliance directives. Thus, firms benefit from seasoned, industry-experienced professionals who live and breathe financial IT.
For many firms, so-called public cloud infrastructures offer compelling opportunities and advantages. For
- 27/07/2017
NEX Data has launched the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings. The new fixings went live on 26 July 2017 and enhance the variety of global benchmarks available, bringing increased transparency to all FX market participants.
The EBS FX Benchmarks are based on actual transactions and orders during the ten minute fixing window on NEX Markets’ EBS FX central limit order book. The fixings are published 24 hours a day, five days a week and include the full list of core EBS currencies (see list below). This ensures that the rates are the most reliable and transparent
- 27/07/2017
- 27/07/2017
Much is made in the mainstream media of the supposed greed and avarice of hedge fund managers but as a recent Emerging Managers survey, compiled by boutique prime broker GPP in partnership with AIMA reveals, the opposite is true.
Far from looking to exploit investors with sky-high performance fees, the survey finds that the average figure is 15.37 per cent for funds that launched one to three years ago. Moreover, some 77 per cent of survey respondents said that performance fees in their flagship fund over the next 12 months would remain unchanged.
This level of pragmatism often gets overlooked,
- 27/07/2017
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