Digital Assets Report

Latest News

Singapore Exchange (SGX) has appointed Michael Luk as the new head of fixed income origination and sales, effective 1 January 2017. Reporting to Chew Sutat, SGX head of equities and fixed income, Luk is tasked with spearheading the growth of SGX’s fixed income businesses through deeper and broader relationships with market participants. This includes extending SGX regional leadership in bond listings and driving institutional client adoption of OTC trading in the Asian bond market via SGX’s new Bond Pro trading platform.   “I am happy to have Michael join SGX. His wealth of experience will bring great value and contribute to the
Almax Analytics, a software as a service (SaaS) provider delivering actionable insights from Big Data, has appointed Ralf Roth to its advisory board. Roth spent nearly 20 years as a Deutsche Bank executive and another handful leading Elektron at Thomson Reuters.   He will support the company from his New York offices.   “I am proud to be part of the Almax team as their approach of applying natural language processing and deep machine learning to news data is unique and makes an existing dataset more relevant as a trading signal,” says Roth (pictured). “What is even more exciting is
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 144.6 TWh in November 2016 which represents an increase of 12 per cent compared to the previous year (129.3 TWh), supported by a strong spot market. Spot trading volumes in November reached 62.3 TWh, representing an increase of 36 per cent compared to last year (45.7 TWh).   The Dutch market area TTF registered a strong volume with 15.2 TWh, up 6 per cent compared to November 2015 (14.4 TWh).   A total volume of 28.3 TWh was traded on the German NCG and GASPOOL areas,
Italian corporate and financial law firm Gattai Minoli Agostinelli & Partners has advised Francesco Trapani on the acquisition of a 9 per cent equity stake in Tages Holding by means of a dedicated capital increase, to be approved by Bank of Italy. Gattai Minoli Agostinelli & Partners team was composed by partners Bruno Gattai and Alessandro Dolce, senior associate Federico Michelini and associate Diletta Camicia.   Tages Holding current shareholders – Panfilo Tarantelli, Sergio Ascolani, Salvatore Cordaro e Umberto Quadrino – were assisted by Anna Di Vilio from Studio Galante e Associati.   Tages Holding controls three subsidiary companies: Credito
NewStar Financial has closed the NewStar Berkeley Fund CLO, a USD505 million middle market collateralised loan obligation managed for qualified institutional investors.  The Berkeley Fund is the fourth credit fund sponsored by NewStar to co-invest in middle market commercial loans originated through its direct lending platform.    The Berkeley Fund is NewStar’s 21st securitisation since inception and third transaction completed in 2016. The notes offered through this CLO transaction are backed by a diversified portfolio of commercial loans originated and underwritten by NewStar for the benefit of investors.    Various classes of notes rated Aaa through Ba3 were placed, which represented
Allianz Global Investors (AllianzGI) is to add Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, to its private debt platform. AllianzGI will acquire Sound Harbor’s assets for an undisclosed sum and the Sound Harbor team will join AllianzGI.   The Sound Harbor team will become part of the AllianzGI global investment platform, maintaining the integrity of its investment strategy, process and team while accessing insights and knowledge-sharing among colleagues across the platform.   Andreas Utermann (pictured), chief executive and global chief investment officer of AllianzGI, says: “Over the last five years, AllianzGI has
Chesapeake Capital has added its diversified strategy to Kettera Strategies’ Hydra marketplace, a global market providing investors with access, notional funding, daily transparency and twice monthly liquidity to established and emerging alternative asset managers. Chesapeake was founded in 1988 by Jerry Parker and seeks uncorrelated returns through consistency in approach across a broad range of global markets and variable market conditions.   Its diversified strategy uses a fully systematic, long-term trend following approach across more than 100 futures and FX markets.   “Big brand managers like Chesapeake, as well as emerging and international managers, are moving onto Hydra to provide
The European Energy Exchange (EEX) reached a new monthly record on its power derivatives markets in November with a total of 423.2 TWh were traded, exceeding the previous record of 416.3 TWh in April 2016. Compared with the previous year, the total volume rose by 50 per cent (November 2015: 281.8 TWh).   The volume increase in Phelix Futures (market area Germany/Austria) contributed to the overall volume. In this market, the monthly volume exceeded the trading volume of 300 TWh for the first time, representing an increase of 74 per cent against the previous year. Furthermore, the volumes traded in
Powernext and the Austrian Central European Gas Hub (CEGH) have migrated the CEGH Gas Exchange spot and futures contracts to the pan-European PEGAS platform operated under the Powernext rulebook. This represents the conclusion of the implementation phase of their cooperation, initially announced on 20 June 2016.   In the framework of the cooperation, all CEGH spot and futures products for the Austrian gas market, including the products used for the Austrian balancing market are now tradable on PEGAS. Spread products with TTF, NCG, GASPOOL and PSV are also available, as well as trade registration services for PEGAS CEGH futures products.
The future of the Dodd-Frank Act (DFA), once an unavoidable and burdensome new reality for US fixed income markets, is now completely uncertain under the coming Trump Administration. In TABB Group’s latest Market Note, “Dismantling Dodd-Frank? Regulatory Overhaul Redux,” report author Colby Jenkins examines what we know so far about the incoming Trump administration’s plan to ‘dismantle’ the DFA and to what extent their proposals might come to fruition.   Though it is still early days, Jenkins points out that the Trump financial services team has made public on their website that they aim to “dismantle the Dodd-Frank Act and

Special Reports

FeatureD

Events

16 May, 2024 – 8:30 am

Directory Listings