Latest News
The Depository Trust & Clearing Corporation’s (DTCC) Omgeo ALERT solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralised SSI Utility.
With 6.6 million settlement instructions as of year-end 2016, an increase of 15 per cent over 2015, DTCC remains committed to driving the industry towards automating and replacing onerous, manual processes.
Last year, the industry’s SSI Utility also achieved another significant milestone with over one million FX and cash-based SSIs now held in ALERT, up 13.5 per cent in 2016, with a compliance rating of more than
- 30/03/2017
Softbank’s decision to choose a Jersey-based financial services company to administer its USD100 billion technology fund is expected to lead to more funds domiciling in the island.
The Softbank Vision Fund was launched in October 2016 with the aim of becoming the biggest investor in the technology industry over the next decade.
The decision to have the fund administered in Jersey has been described as a “game changer” in the selection of fund domiciles by several attendees at the Jersey Finance Annual Funds Conference in London last week.
Christopher Griffin, counsel at law firm Carey Olsen, says Softbank’s choice
- 29/03/2017
The European Energy Exchange (EEX) has welcomed RWE Supply & Trading as a market maker for the Spanish, French and Italian power futures markets.
Under the new agreement RWE Supply & Trading will promote liquidity in these markets by providing bid-offer spreads for Baseload Month, Quarter and Year contracts in the order book.
“In 2016, we made significant progress in these markets and the further support from RWE will help us to grow the liquidity, in particular in the emerging Spanish market. We very much appreciate RWE as a partner in further developing our offering for the European power
- 29/03/2017
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
Special Reports
FeatureD
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
