Digital Assets Report

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Trumid, a financial technology company that improves trading efficiency and market intelligence in the corporate bond market, is to acquire fellow all-to-all trading platform Electronifie. The acquisition will increase the size and diversity of the Trumid user network and strengthen Trumid’s team and technology offering.   Following a regulatory approval process, Trumid expects the transaction to close early in the second quarter of 2017.   Upon closing, over 350 institutions will be on board Trumid Market Center, the company’s all-to-all trading network for corporate bonds. This includes 20 of the top 25 asset managers in the world and 60 broker-dealers.
Blue River Partners, together with Eaton Partners, have co-authored a whitepaper aimed at the alternative assets industry which examines the history and impact of the outsourcing trend on today's market, and provides answers to questions frequently asked by managers. The topics covered include: the history of outsourcing and the current market reality; evaluating whether to outsource or not, and how to choose a service provider; what can go wrong and if a company can outgrow outsourcing; if CFOs and/or CCOs are still necessary when associated functions are outsourced; and investor and regulatory responses to outsourcing.   "We obviously believe in
Luxoft is to acquire derivIT, a Singapore-based financial services-focused technology consulting provider. derivIT provides experience of leading platforms in credit and risk management and capital markets.   The completion of the transaction is subject to approval by the Reserve Bank of India, as well as satisfaction of several other customary conditions precedent, and is expected to occur in the coming weeks.   This transaction provides a foundation on which Luxoft intends to build its delivery platform in APAC to service numerous high-potential clients in the region. In addition to helping Luxoft pursue new business opportunities in financial, automotive, telecom and
After a long string of redemptions, eVestment has reported positive sentiment in the hedge fund industry this month, with hedge funds netting an estimated USD7.9 billion in inflows in February. As a result, flows are now positive year-to date in 2017.   The industry had endured net outflows in each of the last five months, and seven of the last eight, prior to February’s net inflows. Total industry AUM now sits at USD3.085 trillion, highest since July 2015.   eVestment’s Hedge Fund Industry Asset Flow Report for February also reveals that investors are showing mixed signals toward regional EM strategies.
Quantopian, the free online platform for education and creation of institutional-quality investment algorithms, has hired Leslie Baccini as director of investor relations. Baccini (pictured) comes to Quantopian with a background in hedge fund strategy communication and equity research sales.   “Leslie has a proven track record of success with investors,” says John Fawcett, founder and CEO of Quantopian. “As we prepare to manage external capital later this year, her skills will be critical in communicating with those investors who choose Quantopian to manage their money with the best of our crowd-sourced investment algorithms.”   Baccini joins Quantopian from The Boston
Venture capital fund Suir Valley Ventures, which was launched in partnership with Shard Capital Partners in February 2017, has made its first investment in Immersive VR Education (IVRE), a developer of virtual reality (VR) software and immersive experiences with a specific focus on education.  Suir, together with Kernel through the Bank of Ireland Kernel Capital Venture Funds and Enterprise Ireland, have invested a combined total of EUR1 million in IVRE.    A spin-out from WIT's research-based Telecoms Software and Systems Group (TSSG), IVRE’s platform provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate
Venture capital fund Suir Valley Ventures, which was launched in partnership with Shard Capital Partners in February 2017, has made its first investment in Immersive VR Education (IVRE), a developer of virtual reality (VR) software and immersive experiences with a specific focus on education.  Suir, together with Kernel through the Bank of Ireland Kernel Capital Venture Funds and Enterprise Ireland, have invested a combined total of EUR1 million in IVRE.    A spin-out from WIT's research-based Telecoms Software and Systems Group (TSSG), IVRE’s platform provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate
Deutsche Börse will be offering a new market data feed, CEF ultra+ Xetra Order by Order. The new feed will provide insight into the entire visible Xetra order book with unlimited order book depth.   Market Data + Services designed the high-performance data feed for market participants requiring the highest data throughput possible at lowest latency.   The information product, Xetra Order by Order, contains most granular market data for all trading instruments.   “We developed CEF ultra+ Xetra Order by Order for our algo trading community whose strategies and computer-aided processes are based on speed and the completeness of
The California Alternative Investments Association (CalALTs), whose members include alternative asset managers, investors and service providers in California, has issued a white paper on best practices for hedge fund and private equity operations. Operational due diligence has played a more pivotal role in the hedge funds and private equity firms as the alternative investment industry has developed over the past 10 years.   The white paper, which was developed by the CalALTS Best Practices Committee, seeks to outline crucial operational best practices for the industry.   Areas of focus include: general operational best practices including internal staffing; portfolio valuation best
The Depository Trust & Clearing Corporation (DTCC), ICI and SIFMA, on behalf of the T+2 Industry Steering Committee (T+2 ISC), has commended the US Securities and Exchange Commission (SEC) for finalising rule changes that facilitate the industry’s transformational effort to achieve a two-day settlement cycle (T+2). The revised SEC rule establishes a standard settlement timeframe of two days for U.S. equity, corporate and municipal bond, and unit investment trust (UIT) trades, providing regulatory certainty to promote a coordinated and effective industry transition to T+2 on 5 September 2017.   Shortening the time it takes to settle trades from the current

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