Digital Assets Report

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Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has added security and communications enhancements to its AbacusFlex Private Cloud platform. “As our client base of alternative investment firms continues to grow in the US, UK and Europe, Abacus is ensuring that our technology and services meet or exceed the highest standards for security and ease of communications,” says Viktor Tadijanovic (pictured), chief technology officer at Abacus.   Tadijanovic says that in recent months AbacusFlex has been enhanced with enhancements to the existing two-factor authentication solution, providing end-users with the option to receive their token via
Portware, a provider of multi-asset trade automation solutions powered by artificial intelligence (AI), has upgraded its execution management system (EMS), Portware Enterprise. Portware Enterprise is a fully customisable “thinking” EMS designed to act as the central platform for the creation and execution of trading strategies for global equities, futures, options, fixed income, and FX.   The latest version, Portware Enterprise 6.4, focuses on assisting traders in managing the regulatory and administrative burdens while freeing up their time to concentrate on preserving alpha with AI-driven tools.   Portware Enterprise 6.4 offers users data warehouse functionality, advanced venue analysis, and an enhanced
PaweÅ‚ Ostrowski has been appointed as the president of the management board of the Polish Power Exchange, subject to approval by the Polish Financial Supervision Authority. Ostrowski has more than 15 years of experience in capital markets, having worked with financial institutions including PKO Bank Polski, Societe Generale, Deutsche Bank Polska and BNP Paribas Polska.   From 2007, he was head of sales in the treasury department of PKO BP Bank Polski.   He specialises in sales of Treasury products and commodity risk and interest rate risk hedging instruments. He has participated in projects implementing MiFID II and in the
Non-bank Prime Services brokerage Invast Global and non-bank market maker, XTX Markets, have announced a partnership whereby Invast Global clients will now be able to access XTX Markets’ liquidity via the Invast Global multi-asset prime services facility, PurePrime. Such a partnership illustrates the rapidly growing stature of non-bank participants in the financial markets, as the banks continue to feel the effects of increasing regulatory constraints. PurePrime now offers disclosed bank, non-bank and ECN liquidity from over 20 unique FX and metals liquidity providers. The tie-up between XTX and Invast follows growing global demand for the PurePrime facility. Tailored for institutional clients, brokerages, hedge funds
Meaningful conversations create value. With the proliferation of information sharing and communications platforms, ranging from Vine and Instagram to Snapchat, Dropbox, Pinterest and, of course, Twitter, individuals and businesses (think fashion houses, advertising agencies, media organisations) have many ways to connect and interact across the globe.  As the Internet of Things continues to evolve, more and more people are using mobile devices. There are nine billion connected devices today. That number is expected to rise to 30 billion by 2022. When Twitter burst on to the scene 10 years ago, it ushered in a unique way to communicate in short
Conquest Capital Group, a commodity trading adviser (CTA) and systematic alternative asset management firm, has appointed Timothy Boardman as director of business development and client relations. Boardman (pictured) will be leading global distribution and client service across the firm's systematic tactical trading strategies.   In particular, he will lead marketing efforts for Conquest STAR, the firm’s most recent all-weather vehicle containing a six-year track record.     “Timothy’s knowledge encompassing systematic investment products and his capabilities in growing and expanding institutional relationships will be invaluable in further supporting Conquest’s institutional trajectory,” says Marc Malek, managing partner and portfolio manager. “We look
The Royal Mint, a 1,000-year-old institution owned by HM Treasury, has teamed up with derivatives marketplace CME Group to launch a digitised gold offering called Royal Mint Gold (RMG), heralding a new way for traders and investors to trade, execute and settle gold. The new product, launching in 2017, will see The Royal Mint issue RMG as a digital record of ownership for gold stored at its highly-secure on-site bullion vault storage facility.   CME Group will develop, implement and operate the product’s digital trading platform.    The new service will provide an easier, cost-effective and cryptographically secure alternative to
Intercontinental Exchange (ICE) has appointed Lee Yi Shyan as chairman of ICE Futures Singapore (IFSG) and ICE Clear Singapore (ICSG) effective 24 November 2016. Shyan is a Member of Parliament in Singapore and previously served in the Singapore government over a 10 year period as a senior minister of state in the Ministry of Trade and Industry, the Ministry of National Development and the Ministry of Manpower.   Prior to this, between 2001 and 2006 he served as the CEO of International Enterprise Board, an organisation promoting international trade with businesses in Singapore. Shyan joined the boards of IFSG and
Independent trust, corporate and fund services company Zedra has expanded its team in Jersey, with the addition of six new recruits to its trust and compliance teams. Four of the roles are new positions, representing Zedra’s growth in services and its expanding client portfolio.   In the trust department, Daniel Newton and Jessica Bacon have joined as assistant trust administrators, Tegan Carre as a trust administrator and Claire Harte as a trust officer.   The corporate due diligence (CDD) team has added Leanne Wilkinson and Michelle Harvey. The strengthening of the CDD team reflects increasing demands and complexity in the
The board of trustees of the Blackstone/GSO Long-Short Credit Income Fund (BGX) has approved a change in the fund’s investment guidelines. The change will increase the fund’s ability to invest in long investments while maintaining the limit of the fund’s short investments as a percentage of net assets.   The new investment guidelines will not specifically limit the fund’s long investments. The fund’s short positions, either directly or through the use of derivatives, will continue to be limited to up to 30 per cent of the fund’s net assets.   These guidelines will replace the fund’s previous guidelines, which limited

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