Digital Assets Report

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Backstop Solutions Group, a provider of cloud-based productivity solutions for hedge funds, funds of funds, pensions, endowments, foundations, private equity firms, consultants and family offices, and ACA Technology Solutions, a provider of investment management and regulatory technology solutions, have completed an API integration of their solutions. The hook-up connects ACA's NorthPoint Data Management and Security Master Solutions to Backstop's CRM, Research Management, and Portfolio Management Systems.   The connectivity with ACA allows Backstop clients to integrate data from multiple sources, including proprietary systems and other relevant data stores and providers, creating a seamless flow of information and ensuring users are
Northern Trust has appointed Katharine Morris as head of sales of its global fund services business in the UK. Based in London, Morris is responsible for offering investment operations outsourcing, fund administration and the full range of asset servicing solutions, to investment managers domiciled in the UK.   “We are pleased to welcome Katharine to Northern Trust,” says Laurence Everitt (pictured), head of global fund services for the UK at Northern Trust. “Her experience working with some of the UK’s most sophisticated asset managers will be valuable as we continue to grow our global funds services business in the region
ONEaccess has made enhancements to its platform that will allow asset managers to comply with MiFID II requirements, including regular assessment of research quality, management of research budgets and enforcement of stricter controls around inducements. The ONEaccess platform enables asset management firms to monitor, aggregate and analyse all of their interactions with research providers in one place, ensuring that consumption is aligned with the firm’s research budgets.   To facilitate the assessment of research quality, customisable research provider scorecards let firms assign weightings to valuable research services including analyst meetings and models, corporate access, and bespoke work. With this information,
The European Energy Exchange (EEX) has extended its product offering on the power derivatives market by launching Swiss Power Base Day and Weekend Futures. On the first day of trading a total of 5,400 MWh was traded in Swiss Base Day Futures.   The first transaction in the Day Futures contract with a volume of 600 MWh was brokered by ARRACO Global Markets and concluded between Danske Commodities and NEAS Energy.   Swiss Power Base Day and Weekend Futures complement the existing Futures product range for the Swiss market which includes weekly, monthly, quarterly and yearly delivery periods.   EEX
By Mary Beth Hamilton (pictured), Vice President, Eze Castle Integration â€“ It’s inevitable for C-level execs at hedge funds and private equity firms to have differing opinions from time to time, and outsourced IT can sometimes be an area that breeds tension at the management level. On one hand, Chief technology officers (CTOs) are engrossed in every level of technology, from application management to security to disaster recovery, and they have a vested interest in concerns from user experience to business continuity and beyond.  On the other hand, you have chief financial officers (CFOs) focused on the bottom line, factoring in the
A rising number of newly launched hedge funds are employing non-equity-based investment strategies, according to The Seward & Kissel 2016 New Hedge Fund Study. The portion of new hedge funds using non-equity-based strategies increased to 35 per cent in 2016, up from 20 per cent in 2015.   The 2016 numbers indicate that as non-equity funds become more prevalent, investors are beginning to extract from them concessions similar to those they have previously won from equity-based funds.   The percentage of non-equity funds offering special “founders” terms to investors jumped from 29 per cent in 2015 to 36 per cent in
DTCC-Euroclear Global Collateral has launched the Inventory Management Service (IMS), a solution that enables market participants to mobilise securities from the US to Europe for use as collateral amid rising demand for high-quality securities to back trades. With IMS, financial institutions can now optimise collateral across two of the largest global market infrastructures servicing a combined USD78 trillion in assets.   The launch of IMS fulfils one of the joint venture’s key goals of delivering cross-border collateral mobility, and is part of GlobalCollateral’s ongoing commitment to establishing a key market utility that delivers increased visibility, mobility and efficiency to highly-fragmented
Commcise and Convergex's Westminster Research Associates are to offer a fully integrated, technology-based solution that allows asset managers to be compliant with the upcoming MiFID II regulations relating to payment for research.  Westminster is a broker-dealer specialising in providing full-service custodial aggregation solutions and access to an extensive network of independent research to the institutional investment community.   Convergex is an agency-focused global brokerage and trading related services provider.   Due to come into effect on 3 January 2018, the MiFID II regulations will require investment managers to be far more rigorous in the way they manage their research spend.
Michael Stewart and Michael Di Felice have joined the the fixed income credit group of BTIG. Both will be based in New York, reporting into Darren Haines and Drew Doscher, Co-heads of the fixed income credit group at BTIG.   “BTIG’s fixed income credit group continues to attract impactful sales and trading professionals,” says Haines. “By leveraging Michael Stewart and Michael Di Felice’s extensive industry relationships, we will further cultivate partnerships with new and established BTIG clients.”   Stewart joins BTIG as a managing director within the fixed income credit group, focused on trading convertibles, and selling solutions for other
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

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