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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
Abel Noser Solutions has launched a trade surveillance product for compliance officers of broker-dealers, investment advisers and exchanges.
The product comes on the heels of a limited pre-release to select clients.
Compliance+ is a proprietary software solution that enables companies to identify and assess daily potential trade irregularities such as spoofing and layering, potential insider trading, and high cost trades. The platform provides an easy-to-navigate and graphically attractive front-end to quickly review compliance alerts.
According to company executives, the tool's functions include drill-down features available in graphical form to view orders and individual fills, and the ability to share
- 21/02/2017
Private equity firm Lovell Minnick Partners has completed a growth investment in Trea Asset Management, an independent asset management firm in Spain.
Terms of the private investment have not been disclosed.
Founded in 2006 and with offices in Barcelona and Madrid, Trea currently has approximately EUR2.8 billion of assets under management.
The firm manages traditional mutual funds across equities, fixed income, balanced, and fund of funds primarily through exclusive distribution partnerships with its bank partners, its own branded funds and alternative private equity and credit products.
The Lovell Minnick Partners investment will provide capital to support the
- 21/02/2017
Counterparties have eliminated USD1 trillion in gross notional value from their outstanding FX forward and swap portfolios using CLS Group and TriOptima’s triReduce CLS FX Forward Compression Service.
The triReduce CLS FX Forward Compression Service offers regular compression cycles to reduce operational, credit, and counterparty risk, and enhance capital efficiency.
Participation has grown steadily, with the last two cycles reducing notional principal by more than USD200 billion, a trend that both companies expect to continue.
An upgrade to the service scheduled for the coming months will offer standard multilateral compression and introduce the ability to achieve net exposure
- 21/02/2017
With its ideal geographical position at the crossroads of three continents – Europe, Africa and Asia, Cyprus plays a key role in the region of the Eastern Mediterranean. As a safe, transparent, modern business centre, the island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China.
Tax System
Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations. Its main features are:
• One of the lowest corporate income tax rates in the EU
- 20/02/2017
- 20/02/2017
By Donnacha O’Connor (pictured), Partner at Dillon Eustace – Ireland has a well-established reputation as a leading funds centre, being home to 6,470 regulated investment funds as of December 2016 according to the Central Bank of Ireland, and as a leading fund servicing centre.
Irish domiciled funds include ETFs, money market funds, real estate and infrastructure funds, loan and other credit funds, hedge funds, private equity, hybrid and everything in between. These funds are marketed not only within Europe but globally. Ireland's success in this area is attributable to a number of factors including its EU membership, the range of
- 20/02/2017
Locate Jersey is part of the Economic Development, Tourism, Sport and Culture department within the Jersey Government (`States of Jersey'). Headed up by Director of International Trade, Wayne Gallichan (pictured), the role of Locate Jersey is to promote Jersey as a place to do business and to attract suitable businesses to the island, as well as HNW individuals; particularly those that are still economically active.
Locate Jersey will help with every step of setting up a business in Jersey and relocating one's family, as well as providing aftercare support to ensure the transition is as smooth and orderly as possible.
- 20/02/2017
Since 2012, the BVI has introduced three exciting and innovative investment fund products, namely: the BVI Approved Manager, the BVI Incubator Fund and the BVI Approved Fund. The Approved Manager was introduced at the end of 2012, followed by the Incubator Fund and Approved Fund in mid-2015, and each has been growing steadily since their launch. Currently, there are 140 Approved Managers, 21 Incubator Funds and 29 Approved Funds, based on figures published by the BVI Financial Services Commission (as of 30 September 2016).
BVI approved manager
The approved manager regime allows a BVI approved manager to manage both BVI funds
- 20/02/2017
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