Digital Assets Report

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Maksim Balashevich, founder of Santiment, a data service that collects and sells live crypto-markets data feeds to crypto traders, says his prediction back in January of a boom in cryptocurrency capitalisation that would outpace Bitcoin by a wide margin has come true. The prediction was based on the Elliott Wave theory, which claims markets enter periods of mass pessimism and euphoria that drive prices. He argued that the crypto markets are driven by fear and greed with altcoins exhibiting particular sensitivity to collective emotional impact as participants fear potentially missing out on rapid gains and extreme risks.   Balashevich (pictured)
Intercontinental Exchange’s ICE Data Services’ has launched a reference data solution for ICE’s futures exchanges. ICE operates five futures exchanges across the US, UK, Europe, Canada and Singapore providing regulated futures markets in energy, agriculture, interest rates, equity derivatives and FX.   The new content is part of ICE Data Services’ existing reference data service, which provides high-quality information on more than 10 million financial instruments across all major asset classes, including futures, options, equities and fixed income.   The addition of ICE’s market information on thousands of futures and options products automates the delivery of comprehensive reference data. Clients
Triple Leo Consulting, a full-service fund administration and operational consulting firm based in the Philadelphia suburbs, has chosen Archway Technology as its preferred vendor for hedge fund accounting software. Triple Leo founder and CEO Mike Quinn says: “Not only is ATWeb second to none when it comes to hedge fund accounting software, but the Archway support team and knowledge base allow for creative solutions to challenging problems. We look forward to a long-term relationship with the Archway team and the solutions they support.”       Triple Leo, which provides full-service fund administration and operational consulting services to alternative investment managers, will
GAM has appointed Adam Brown as global head of marketing, effective from 3 July 2017. Brown (pictured) will be based in London.   Brown joins GAM from Columbia Threadneedle Investments where he was responsible for leading marketing across all distribution channels in EMEA and Asia. He has more than 18 years’ experience in the sector.   Brown will report to Tim Rainsford, group head of distribution, and will be responsible for both sales marketing and product marketing. Brown will work closely with sales, product and distribution teams to drive marketing initiatives, support the group’s sales efforts globally, and increase brand
Axioma, a provider of enterprise market risk and portfolio management solutions, has launched a new version of Axioma Portfolio Analytics (APA) and Risk Model Machine (RMM), the first release of 2017. New features include faster performance attribution and risk analysis as well as improved usability.   “Speed is of utmost importance to our clients,” says Mark Cushey, director of product management, Axioma. “In response to client demand, we’ve invested in parallel processing to achieve a nearly four-hold increase in the speed of performance attribution and time-series risk analysis, while making our UI even more streamlined and intuitive.”   APA and
PraxisIFM Group, one of the largest independent financial services operations based in the Channel Islands, has listed on The International Stock Exchange (TISE). The Guernsey-registered business, with assets under administration in excess of USD40 billion and revenues of more than GBP30 million, has around 300 staff across 10 jurisdictions.   Simon Thornton, PraxisIFM’s chief executive officer, says: “PraxisIFM is thrilled to announce its listing on TISE, which will broaden further the group’s profile internationally and, in particular, within our target markets.   “This listing will strengthen our position as an employer of choice, enhancing our ability to attract and retain
Singapore Exchange (SGX) and the Shanghai Pudong Development Bank (SPDB) have entered into a memorandum of understanding (MOU) to strengthen capital market ties between Singapore and Shanghai. Under the MOU, SGX and SPDB will work closely as strategic partners to raise the profile of Singapore’s capital market.   The MOU outlines several areas for closer collaboration with a focus on leveraging the international fund raising platform of SGX.   SPDB will recommend Chinese enterprises to raise funds through initial public offers (IPOs), listing of real estate investment trusts (REITs) and business trusts, and issuance of offshore Renminbi (RMB) bonds, including
Brandywine Global Investment Management has named Tariq Ahmad as the chief executive officer of Brandywine Global Investment Management (Asia). Based in Singapore, Ahmad will oversee Brandywine Global’s Asia-Pacific business.   Ahmad previously served as the head of business development and client service for Brandywine Global’s Singapore affiliate, which offers the Asian market access to global investment management through a variety of investment vehicles.   “I’m delighted to take on the responsibility of strategic oversight for Brandywine Global’s presence in Singapore and throughout the Asia-Pacific region,” says Ahmad. “Brandywine Global is known for its strong relationships with clients and consultants, and
Nasdaq has signed an agreement with Hong Kong Exchanges and Clearing Limited (HKEX) to upgrade the technological infrastructure of Hong Kong's main derivatives market, including trading, clearing and real-time risk management technologies. The agreement also extends the existing relationship for an additional five years. HKEX and Nasdaq have been technology partners since 1994.    Under the agreement with HKEX, Nasdaq will deliver a new multi-asset trading technology engine (Nasdaq Multi Matching Engine), a state-of-the-art multi-asset derivatives clearing engine and a real-time risk management solution (Nasdaq Clearing Engine and Nasdaq Real-Time Risk), which will increase performance, speed, flexibility and resiliency of trading and
The European Energy Exchange (EEX) will launch financially settled power futures for Germany against the background of a possible split of the German-Austrian price zone. The new products will be available for exchange trading and trade registration as of 25 April 2017 and will provide additional trading and hedging opportunities compared to the existing Phelix Futures product suite.   The product offering will comprise base and peak contracts with a monthly, quarterly and yearly maturity. The new German power futures will be settled against the common German-Austrian Day-Ahead auction price until the potential split and, in case it becomes effective,

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