Digital Assets Report

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Regulatory data exchange Silverfinch has added a MiFID II data solution to its datamodel in response to its clients’ changing regulatory requirements.   From 3 January 2018, MiFID II product governance requires a step change in how fund distributors and their asset management partners communicate with each other.   In addition to increased transparency regarding investment target markets and costs and charges, manufacturers of products will need to collect information from their distribution network confirming if products have been sold to a suitable investor. This will require closer communication between asset managers and their distributors.   Silverfinch’s MiFID II data
Capital markets firms can now access a continuous compliance service for algorithm risk management, thanks to a partnership between GRC solution provider OXIAL and financial markets specialist GreySpark.   The collaboration means that buy-side and sell-side institutions can stay on top of ever-changing and growing global regulation and compliance, combining the automation of OXIAL’s GRC platform with the knowhow of GreySpark.   “Regulatory requirements can change quickly and the repercussions of failing to keep track of this can be catastrophic,” says Eric Berdeaux (pictured), CEO, OXIAL. “Compliance must be fully digitised to enable it to be a continuous and unbroken
BrokerTec, a NEX Group business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, are expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices.   The RFR indices were launched in 2012 and include the German, French, Italian, Spanish and pan-European RFR indices.   Each RepoFunds Rate index accurately reflects the specific effective cost of Repo funding for trades executed on BrokerTec, and MTS, which between them typically trade volumes of EUR230 billion per day (single counted). The
Quaero Capital has appointed Michaël Malquarti as senior portfolio manager.   Malquarti (pictured), a specialist in multi-manager and alternative strategies, will manage the Long/Short European Equity fund and assist Cristofer Gelli in the management of asset allocation strategies.   Prior to joining Quaero, Malquarti was head of manager research and alternative investments at SYZ Asset Management.   Malquarti recently promoted his ideas in the media for the use by the Swiss National Bank of new tools in monetary policies and is currently preparing the publication of a book on the reform of the monetary system.   Jean Keller, CEO of
Chiron Investment Management, a boutique, multi-asset investment management firm, has launched a new UCITS fund, the Chiron Global Opportunities Fund.   The fund will employ a multi asset class strategy that will seek to preserve capital while generating a total return that outperforms its peers and relevant benchmarks.   The fund was launched in collaboration with UBS and is domiciled in Ireland as a sub-fund of Chiron Funds ICAV, an Irish UCITS structure.   Chiron will employ its signature quantamental investment process for the fund, which the firm describes as a hybrid combination of rigorous quantitative modelling with deep fundamental
Kalahari, a provider of real-time pricing and analytics software for financial markets firms, has launched a FX futures and rates service, offering traders a low cost opportunity to access observable exchange prices and benefit from real-time futures versus OTC market arbitrage opportunities.   This new service is the first in a series of new futures/OTC comparison pricing services being introduced by Kalahari this year.   Other instruments include MAC Swaps for US Dollars, Euro and GBP currencies and Gold Futures pricing, to coincide with the new contracts being launched on the London Metals Exchange this June – all crossed with
Torstone Technology, a provider of post-trade securities and derivatives processing, is expanding in Europe with the appointment of Paul Phillips as head of European sales and Paul Mundy as product manager, both based at Torstone’s London headquarters.   Torstone says these senior appointments have been made in response to increased demand from the firm’s client base and are required to enhance post-trade processes to meet increasing regulatory requirements in the UK and Europe.   Phillips joins Torstone Technology with over 20 years’ experience in financial services technology, most recently as head of strategic business development and key account management, EMEA,
Linedata has launched a new version of its portfolio management system, Linedata Global Hedge.   Linedata Global Hedge, a core component of Linedata’s comprehensive asset management platform, provides an intuitive end to end portfolio management solution, offering managers across Europe, North America and Asia the ability to successfully navigate market and regulatory challenges, while achieving operational efficiency.   Incorporating client feedback and continuous monitoring of the market, the latest version includes an improved trading and order management module, more specific asset class coverage, increased compliance-related elements around disclosure and reporting and workflow and user experience (UX) enhancements.   Alternative and
CTAs outperformed last week on the back of supportive risk appetite conditions, according to Lyxor’s latest Hedge Fund Weekly Brief.   Global macro funds also delivered positive returns as the USD regained its upward trend.   On a negative note, L/S equity funds underperformed as both variable biased and market neutral funds ended the week in negative territory. From a geographical perspective, European and EM funds outperformed US managers.   Event-driven extended its winning streak as merger arbitrage continued to deliver solid returns. Event-driven managers have recently increased their exposure to Europe. However, instead of betting directly on the European
Mourant Ozannes’ investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.   Introduced by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.   Mourant Ozannes partner Dan Birtwistle (pictured) says: “In a buoyant fund raising market, the new JPF regime has quickly been seized on by existing and new clients alike as an effective, streamlined and proportionate product for privately offered alternative investment funds. The speed and

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