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Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has welcomed the launch of the UK’s new National CyberSecurity Strategy, which includes stepped up efforts to combat data breaches, identify theft, fraud and money laundering in the financial services sector.
Abacus says its services already meet or exceed these standards.
Abacus, which in October announced a major expansion of its services and the opening of a second data centre in London, provides cyber defences to its more than 400 clients in the alternative investment field globally.
Noting that the US Securities and Exchange Commission
- 10/11/2016
Exchange Data International (EDI), in partnership with AlgoCircle, has launched the Economic Indicator Service (EIS), which expands its data coverage to include worldwide economic data.
The new EIS aims to deliver professional economic content to financial institutions on both the buy and sell side, and service providers.
It currently covers 2,229 recurring macro-economic indicators, such as GDP data, unemployment releases and PMI numbers from 37 countries.
EDI is enhancing this service by adding additional countries, including Chile, Denmark, Egypt, Finland, Indonesia, Israel, Pakistan, Philippines and Taiwan.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “EIS represents
- 09/11/2016
With interest rates remaining persistently low NAIC Schedule BA assets, which include alternative investment securities, have generally provided insurers with the potential for higher risk-adjusted returns to help mitigate the decline in higher portfolio book yields, according to a AM Best report.
The report, “Hedge Fund Performance Has Insurers Reducing Exposure,” states that without a meaningful increase in interest rates, insurers have limited choices for investing new dollars from maturing securities and new business premiums to maintain targeted risk-adjusted returns. Therefore, the current industry trend toward modestly higher allocations to non-traditional asset classes is likely to continue.
Despite some
- 09/11/2016
Asian, European and UK markets have all seen significant falls following the news that Donald Trump is to become the 45th President of the United States.
In the opening minutes of trading in London, the UK’s FTSE 100 index was down 82 points (1.2 per cent), following earlier falls in other major European and Asian stock markets.
Japan’s Nikkei 225 closed down by 5.4 percent at the end of Wednesday trading, but Hong Kong’s Hang Seng fared better, trading 2.9 per cent lower, with the Shanghai Composite closing down 0.3 per cent.
US stocks are also expected to fall sharply
- 09/11/2016
- 09/11/2016
Fabrizio Quirighetti, chief investment officer at SYZ Asset Management, has assessed the potential implications for markets following the Trump victory.
He writes: “This unprecedented presidential race has finally come to an end and, once again, the anti-establishment vote has been underestimated by polls, journalists and analysts as the winner is Donald Trump. The first thing that comes to our mind is ‘hope for the best, but prepare for the worst’, as the campaign has provided many evidences Trump could be a terrible president.
“His victory, to an extent, is also the symbol of current political failure to address key
- 09/11/2016
- 09/11/2016
Wall Street Horizon’s earnings-related corporate event data is now available to the corporate "C-suite" and investor relations (IR) professionals for the first time through the Virtua platform.
Wall Street Horizon is providing Virtua Research, a financial services technology company, with five of its forward-looking and historical event data types via its Enchilada online application – corporate earnings dates, earnings reports, earnings announcements, earnings revisions and earnings conference calls.
In addition, Virtua subscribers will have the opportunity to purchase the full Enchilada premium service with all 40+ corporate event types.
Chief financial officers and financial analysts alike can perform
- 09/11/2016
Block-focused alternative trading systems (ATS) face challenges in gaining and sustaining liquidity, according to a report by TABB Group.
In October 2016, the Financial Industry Regulatory Authority (FINRA) began a monthly initiative releasing new data on block liquidity in ATS.
TABB Group’s latest report, “Blocks in the Dark: Trading in Size on ATSs,” highlights the takeaways from this new source of block data and puts it in context in light of historical TABB-reported ATS block liquidity, industry trade size and off-exchange market share.
Research author Valerie Bogard (pictured) explains that with these added metrics, which are aggregated monthly
- 09/11/2016
Intercontinental Exchange has appointed Jonathan Reeve as global head of ICE Data Services’ connectivity and consolidated feed businesses.
Reeve will report to Lynn Martin (pictured), president and chief operating officer of ICE Data Services, and will be responsible for strategic oversight and day-to-day management of ICE’s secure financial transaction infrastructure (SFTI), colocation and consolidated feed businesses.
“With more than 20 years of experience in data operations and product management, Jonathan brings a deep background and extensive knowledge of the market data industry for our customers and the ICE Data Services team,” says Martin. “As we continue expanding our global
- 09/11/2016
Recruitment of marketing and fundraising staff across the alternative funds sector, including hedge funds, private equity firms, real estate managers and third-party marketing firms, reached an all-time high in the third quarter of 2016, according to corporate advisory and search firm Contect Jensen Partners (CJP).
“Hiring hit an all-time high in the third quarter, with marketing moves up across the board,” says Sasha Jensen (pictured), founder and CEO of Context Jensen Partners. “This demand reflects the continued need for experienced marketing professionals to establish fund flows and raise new capital. As we head into the end of the year, we
- 08/11/2016
CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has completed the upgrade its settlement members to a new member gateway and market infrastructure (MI) channel.
CLS’s settlement members include 66 of the world’s largest financial institutions which are direct participants in CLS.
Over 21,000 third-party clients around the world also access CLS’s services indirectly through settlement members. These include banks, asset managers, hedge funds, non-bank financial institutions and multinational corporations.
CLS worked with each of its settlement members, as well as SWIFT, to build and integrate a new member
- 08/11/2016
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