Latest News
Citi has joined the Series A funding round for Axoni, a provider of distributed ledger technology to the financial services industry, bringing the total amount raised to over USD20 million.
Citi joins other Series A investors, including Wells Fargo, NEX Group, JP Morgan, Goldman Sachs, Thomson Reuters, F-Prime Capital, Andreessen Horowitz, DCG, and others.
Axoni and Citi have collaborated on a number of high-profile distributed ledger deployments that have validated the technology and its benefits of data synchronisation, automation, and auditability to market participants.
Projects to date include the optimisation of post-trade data management for credit default swaps
- 11/05/2017
Management and technology consultancy BearingPoint has enhanced its ABACUS/Transactions product, a module-based standard software solution for transaction reporting, by incorporating an MiFIR module to facilitate compliance with the regulatory reporting requirements under MiFID II/MiFIR.
The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) take effect on 3 January 2018.
In the aftermath of the financial crisis, a new legislative framework was designed to significantly extend the applicable transparency guidelines under MiFID I and to stabilise and realign the infrastructure of financial markets.
The MiFID II/MiFIR transaction reporting covers an
- 11/05/2017
TORA, a provider of cloud-based order and execution management system (OEMS), has launched the TORA Ticketing solution, which provides advanced pre- and post-trade allocation, trade reconciliation, commission management and investment book of records (IBOR) functionality.
The new solution is available as a module within TORA’s OEMS and portfolio management system (PMS), or as a standalone application that can be integrated with third-party systems.
Global regulations have brought post-trade processes into the spotlight and are driving asset managers to become more operationally efficient.
MiFID II will require T+1 transaction reporting and more stringent commission tracking, the SEC has adopted
- 11/05/2017
Medley Management, an alternative asset management firm, has appointed Christopher D Allen as a senior managing director and head of structured credit.
Allen was previously a founding partner at CVC Credit Partners, a global investment manager.
He co-founded Apidos Capital Management in 2005, which was merged with CVC Cordatus Group to form CVC Credit Partners in 2012. At Apidos, Allen oversaw the global leveraged loan platform, business development and strategic initiatives. At CVC Credit Partners, he held a number of roles including chief operating officer and head of structured finance origination.
“Chris is highly regarded for his expertise
- 11/05/2017
Global Prime Partners has relocated to larger offices to accommodate growing business lines, rebranded as GPP and launched a new website.
To date, 2017 has been all about growth and evolution at GPP. Demand for its core services – prime brokerage and clearing and custody – has been strong with the number of clients up 14 per cent year-on-year.
In February the firm launched a structured products business and is set to launch new wealth solutions and multi-asset execution business lines in the second half of 2017.
With this expansion came the need to relocate to larger offices
- 11/05/2017
Garraway Capital Management, the London-based asset management firm has announced that Garraway Financial Trends is now available via platform provider Nucleus Financial, the wrap platform founded in 2006 by advisers.
“Garraway Financial Trends is now available on thirteen platforms and is one of the most widely available funds in the managed futures UCITS sector,” says Yannis Katsis, who spearheads Garraway’s distribution strategy in the UK.
“Increasing accessibility through a number of platforms will ensure that the Fund is even more widely available to investors seeking the valuable diversification benefits that managed futures can offer,” adds Katsis.
Latest performance to the
- 11/05/2017
How prepared is your firm to handle the aftermath of a security incident? If you haven’t documented your firm’s safeguards, then you may find yourself in hot water. Written Information Security Plans (WISPs) are must-haves in our security-focused culture – just ask your regulators and investors. Below are some insights into the development and maintenance of WISPs.
What is a WISP?
A WISP is a formal documentation of a firm’s plans and systems put in place to protect personal information and sensitive company data. It includes both administrative and technical safeguards and identifies confidential information, where it is located, how
- 11/05/2017
Hyung Kim, an experienced international equity portfolio manager and research analyst, has joined Kayne Anderson Rudnick (KAR) as portfolio manager and senior research analyst.
Kim (pictured) is based in the firm’s Los Angeles office and he will report to Douglas Foreman, chief investment officer.
In this role, Kim will join Craig Thrasher in managing the KAR Emerging Market Small Cap strategy. Kim will also provide research coverage for the KAR International Small Cap strategy, managed by Thrasher and Craig Stone. Both strategies employ a rigorous bottom-up approach that emphasises deep fundamental research to identify the highest quality small cap
- 11/05/2017
NEX Data is working in conjunction with NEX Markets on behalf of the Financial Futures Association of Japan (FFAJ) to produce new FX margin ratios for 170 currency pairs that are core to meeting new Japanese regulatory requirements.
Launched in February 2017, the FX margin ratios support the derivatives margin calculations which Japanese retail brokers now have to provide to local authorities, following the new regulations which kicked in on 27 February 2017.
Using underlying data taken from NEX Markets’ FX Central Limit Order Book (CLOB) EBS Market as a primary source in addition to third party sources, the
- 11/05/2017
ACA Compliance Group is expanding its GIPS verification and performance practice, ACA Performance Services, with the acquisition of Ashland Partners’ GIPS verification and performance practice.
The transaction is expected to close in June 2017. The financial terms of the transaction have not been disclosed.
Headquartered in Jacksonville, Oregon, Ashland Partners was founded in 1992 and offers GIPS verifications and performance services, as well as traditional accounting services such as audit/tax, SOC 1, custody exams, QPAM audits, and Agreed-Upon Procedures to the investment management industry.
Over 40 employees from Ashland Partners will join ACA through this transaction. The new
- 11/05/2017
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