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Crédit Agricole CIB has partnered with Orchestrade Financial Systems, a capital markets technology platform for cross-asset trading and risk management, to overhaul its interest rate derivatives and FX Forwards trading operations.
Crédit Agricole CIB is the first major bank to replace its trading and risk legacy systems with Orchestrade.
Crédit Agricole CIB is migrating all front-to-middle office processing of vanilla and structured products from two legacy platforms. The bank now runs trading and real-time risk calculations on Orchestrade for its interest rates and FX Forwards business globally.
"Orchestrade enabled us to improve risk performance, keep up with new
- 21/02/2017
LiquidityBook’s SaaS-based LBX Buyside POEMS (portfolio, order and execution management system) has been selected by three West Coast hedge funds – Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital.
Deployed by each firm in late 2016, the LBX Buyside platform provides a full range of order, execution and portfolio management capabilities, including real-time NAV, full historical P&L, risk management and reporting.
The global, multi-asset platform also includes the integrated LBX Connect FIX routing network, providing seamless, normalised connectivity to over 250 routing destinations worldwide.
According to Jackie Fertitta, Pier 88’s COO and CCO, the San Francisco-based,
- 21/02/2017
January data from Eurekahedge reveals that hedge funds started the year up 0.87 per cent in January with managers reporting performance-based gains of USD1.3 billion.
Investor subscriptions stood at USD1.2 billion during the start of the year. In annual year 2016, final asset flow figures show that manager saw redemptions totalling USD55.1 billion while performance-based gains stood at USD35.1 billion over the same period.
For annual year 2016, AUM for European mandated hedge funds declined 5.47 per cent with strong redemptions of USD27.0 billion recorded – the steepest outflows for 2016 among regional mandates.
The USD251.1 billion CTA/managed futures mandated
- 21/02/2017
Credit Suisse Fund Management has selected RiskSystem to provide daily risk reporting and investment restriction monitoring for the Luxembourg domiciled Credit Suisse (LUX) Absolute Return Bond Fund.
The CS Absolute Return Bond Fund is a USD500 million global fixed-income fund that seeks to achieve positive absolute returns, regardless of credit and interest-rate cycles, while adhering to a stringent management process.
Max Gnesi, director of Credit Suisse, says: “Credit Suisse had a specific requirement for an independent third-party risk-management provider. We are very happy to partner with RiskSystem and to use their engine and expertise to assist us in monitoring
- 21/02/2017
BT is linking up the world’s five main foreign exchange (FX) locations to help boost the competitiveness of its global financial industry customers.
The company is now offering BT Radianz FX express, dedicated high-speed links between financial hubs in the UK, US, Singapore, Japan and Hong Kong involved in almost 77 per cent of the world’s FX trading.
The new Radianz FX express service offers low-latency and cost-effective, fully managed connectivity that will give traders faster access to market data across the five locations, while making it easier for them to execute trades. In an industry where delays of
- 21/02/2017
Regulatory reporting, data and risk management solutions specialist AxiomSL has appointed Andrew Wood as the company’s country manager for Australia.
Wood (pictured) will be based in Sydney and his appointment is in line with the company’s commitment to expanding its Asia Pacific (APAC) footprint and growing client base in Australia.
Wood has over 20 years of experience leading the change management teams in Macquarie Bank as well as Deutsche Bank
“As global regulators tighten reporting standards and requirements, we have experienced increased interest from financial institutions looking for a platform that is able to tackle cross-jurisdictional reporting requirements
- 21/02/2017
STOXX Ltd, the operator of Deutsche Boerse Group’s index business and a provider of tradable index concepts, has launched the EURO STOXX 50 Corporate Bond Sector, Rating and Maturity Bucket Sub-Indices.
They expand the EURO STOXX 50 Corporate Bond Index, which was launched in April and is the fixed income equivalent of the EURO STOXX 50, including the bonds of the blue-chip companies in the Eurozone.
The new sub-indices represent certain maturity buckets, industries and rating classes. The maturity buckets include 1-3 years, 3-5 years, 5-7 years, and more than 7 years. There are also a EURO STOXX 50
- 21/02/2017
- 21/02/2017
Wilrik Sinia (pictured) is co-founder of the Amsterdam-based hedge fund manager, Mint Tower Capital, whose flagship Mint Tower Arbitrage Fund focuses on convertible and volatility arbitrage. Prior to establishing Mint Tower in 2010, Sinia and Mint Tower’s three other co-founders were part of the management team at Principal Strategies, ABN AMRO bank’s proprietary trading desk.
The desk started in 1997 and Sinia was the last one to join in early 2000. When the financial crash happened in 2008, the team, which by that time had worked cohesively for over a decade, began to wonder about spinning out of the bank to
- 21/02/2017
Advanced Logic Analytics (ALA), a provider of enterprise-class big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, has appointed Tilman Sayer as chief information officer.
Sayer (pictured), who will report to managing director Nick Ellis, will lead the strategic development of ALA’s new and market-leading ALA OneLogic financial analytics suite which includes models for behavioural, emotional and sentiment-based trading and portfolio optimisation models.
“There is a rising importance to financial enterprise use of big data analytics in the markets, in addition to our ALA OneLogic compliance, big data and financial analytics solutions, we
- 21/02/2017
Nasdaq and Borse Dubai have signed an agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai, and improve post-trade practices.
DFM has been a Nasdaq Market Technology client since its inception in 2000.
Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine (Nasdaq Matching Engine), a cash equities clearing module (Nasdaq Packaged Clearing) and enable an in-memory-vetting model on the central securities depository (CSD) solution, which will increase performance, speed and resiliency, all under the new Nasdaq Financial Framework architecture.
This infrastructure
- 21/02/2017
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