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FlexTrade Systems, a provider of multi-asset execution and order management systems, has appointed Vishal Pandya as chief operating officer (COO).
In this newly created position, Pandya (pictured) will serve as a member of FlexTrade’s executive leadership team and have overall responsibility for the performance and development of the company.
In this capacity Pandya will report to the CEO and be responsible for driving all functions/ products/geographies to achieve and surpass financial and business objectives. He will also be responsible for putting in place the necessary operating structure and management systems to enable FlexTrade to scale and accelerate growth. Pandya
- 29/03/2017
- 29/03/2017
European regulators have blocked the proposed merger between Deutsche Börse and the London Stock Exchange Group.
The EU Commission says the deal would create a “de facto monopoly” for certain financial services, despite remedial measures offered by both companies to alleviate the competition concerns.
Deutsche Börse says it regrets the decision taken by the European Commission.
Joachim Faber, chairman of the supervisory board of Deutsche Börse AG, says: “The prohibition is a setback for Europe, the Capital Markets Union and the bridge between continental Europe and Great Britain. A rare opportunity to create a global market infrastructure provider
- 29/03/2017
What differentiates asset managers today in the eyes of investors? Convergence is a now a common feature of asset management, with alternative and traditional asset classes now forming part of a diversified investment approach. And as technology developments proceed at a rate of knots, with artificial intelligence and machine learning having become ‘mots du jour’ in recent times, the pressure on managers of all shapes and sizes to deliver smarter performance has risen inexorably.
It was against this backdrop that Global Fund Media hosted a lively breakfast briefing last week, on Thursday, 9 March at the Reform Club in London.
- 29/03/2017
- 29/03/2017
IPC has launched Global Exchange Reach, a solution that enables exchanges, alternative trading systems (ATSs), multilateral trading facilities (MTFs) and other liquidity venues located in one part of the world to attract order flow and distribute market data in new geographies.
The solution is already in production for Singapore Exchange (SGX) in North America where IPC manages the SGX Chicago Hub at CME Group's facility in Aurora, Illinois.
"Liquidity venues are increasingly looking to attract institutional investors, asset managers, hedge funds and market makers outside their primary market to fuel profitable and sustainable growth," says Anthony J Perrotta Jr (pictured), chief
- 29/03/2017
- 29/03/2017
The Project Sentinel collaboration is on track to deliver an industry-standard, fully MiFID II compliant platform by the fourth quarter of 2017.
Following assessments of technology providers in September 2016, a core group of banks have now committed to the implementation of a solution that has been designed over the last nine months.
Sentinel went through an accelerated cycle of requirement gathering, extensive RFI process to select the appropriate technology, material proof of concept of the key functionality, and in December the consortium moved into the implementation of the full solution.
This includes the delivery of technology and
- 29/03/2017
Nexthera Capital, a hedge fund manager focused on global therapeutics, has appointed Rael Mazansky as director of research.
Working with Nexthera’s co-founder and CIO Ori Hershkovitz (pictured), Mazansky will help drive Nexthera’s investment strategy of seeking high risk-adjusted returns from the healthcare and therapeutics sectors.
“We are excited to hire an individual with a long and impressive history in healthcare investing. Rael will strengthen our team as we continue to develop the best human capital to produce innovative research and guidance for the portfolio,” says Daniel Malek, co-founder and CEO. “Rael’s experience and perspective will help Nexthera attempt to capitalise
- 29/03/2017
State Street’ Global Investor Confidence Index (ICI) for March 2017 increased to 95.4, up 4.2 points from February’s revised reading of 91.2.
Confidence among the European investors improved with the European ICI rising 11.9 points to 95, up from February’s revised reading of 83.1.
The Asian ICI also rose from 104.3 to 109.6.
The North American ICI declined by 0.3 points from 91.9 to 91.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk
- 29/03/2017
Esprow, a provider of enterprise testing technology for the financial markets, has released a MiFID II adaptation of its ETP C-Box RegTech platform.
The update will automate MiFID II certification of exchange members and counterparties and allow any regulated firm to streamline inbound connectivity fast and accurately.
Investment banks face a challenge to certify the large number of counterparties on demand. According to MiFID RT6, sell-side firms are required to carry out testing of their trading systems every time “there are substantial changes to the trading system or to the access to the venue in which the algorithmic trading
- 29/03/2017
By Kulvinder Gill – The technology treadmill is a tough place to be these days. Technology refresh cycles last only a mere three years, forcing firms to replace their infrastructures and make costly software and hardware upgrades on a too-frequent basis. And with hedge fund budgets tighter than ever, many firms cannot afford to stay on this path.
But the hedge fund technology treadmill is not a firm’s only option. Costly in-house, ‘traditional’ IT services have given way to more cost-effective outsourced IT and managed services that get firms off the treadmill and on a path to success.
Let’s have
- 28/03/2017
Alternatives have become a more mature option for institutional allocators, yet the reporting obligations fueled by the constantly evolving regulatory landscape has become a challenge for a large number of alternative fund managers.
Whereas a decade ago, alternative fund managers could get away with basic investor reporting, delivered almost as an afterthought, in today’s marketplace the frequency and level of reporting detail that investors expect has risen substantially. This applies to all alternative products, not just hedge funds, as institutions look to gain a clear handle on how their entire portfolio is performing.
In Ernst & Young’s 2016 Global Hedge
- 28/03/2017
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