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Nimbrix has launched a Blockchain enabled platform and created an industry consortium with KPMG and Microsoft which will bring to market a reinvention of financial services software.
As the investment industry grapples with fee pressure and increased regulatory scrutiny, the Nimbrix consortium is bringing to market an investment platform and eco-system which aims to reshape financial services and save investment firms millions of pounds annually.
The Nimbrix buy-side platform is designed to leverage Cloud, open-API, Software as a Service (SaaS) and Blockchain technology.
Nimbrix is run in a cloud using Microsoft Azure. This allows for seamless integration with
- 01/11/2016
Public pension funds look set to continue following the lead set by CalPERS and other high profile schemes by pulling out of hedge funds, says Don Steinbrugge of Agecroft Partners.
CalPERS was the first high profile public pension to pull out of hedge funds, and was followed a year and a half later by one of the New York City retirement plans. Recently, the number of public pension funds exiting or reducing their hedge fund exposure has accelerated.
Agecroft Partners believes this trend will increase over the next 12 months due to growing political pressure on investment staffs of
- 01/11/2016
Hedge fund data provider HFR is at an advanced stage of working with one of the large global derivatives exchanges to develop a new investment product, the HFRI-I futures contract, a contract based on the HFRI-I Fund Weighted Composite Investable Index. The firm writes that once launched, this will be an industry first.
The thinking behind the contract is that allocating to individual hedge funds requires extensive research and substantial capital which can be tied up for long periods. Marc E Denogent, HFR Asset Management’s Managing Director says: “When people allocate to hedge funds, they often have a considerable time
- 31/10/2016
- 31/10/2016
A Thomson Reuters report reveals that 88 per cent of financial institutions will work strategically across regulatory agencies over the next two years.
Financial institutions are recognising the benefits of harmonised approaches to data management, enabling them to leverage data commonalities that exist across multiple global regulations. The major benefit identified by 79 per cent of respondents was consistency of data across the business, followed by organisational efficiencies (63 per cent), cost savings (50 per cent) and a reduction in data sources used (44 per cent).
These findings underscore a shift in the mindset of leading financial institutions with respect
- 31/10/2016
The London Metal Exchange (LME) and Henry Bath, whose shareholders include CMST Development and Mercuria Energy, have set up a pilot programme for the launch of the LMEshield commodities safeguarding system in China.
During the pilot programme, which will run for a period of one year, Henry Bath will issue receipts on the LMEshield system.
Receipts will initially be issued for bonded warehouses in Shanghai, with the intention of expanding to other Chinese locations.
The deployment in the PRC is based on the existing LMEshield system, allowing commodities owners and lending banks to hold and finance Chinese commodity
- 31/10/2016
- 31/10/2016
Nasdaq and SIX Swiss Exchange have extended their current technology contract, which includes X-stream INET Trading technology for all SIX markets, including equities, ETFs, structured products, funds and fixed income, as well as SMARTS Market Surveillance and Nasdaq Pre-Trade Risk Management.
In addition, the new SIX Swiss Exchange At Midpoint (SwissAtMid) dark pool was launched on Nasdaq trading and surveillance technology earlier this month.
The two companies have been partners for more than 10 years.
"We are delighted to extend our successful technology relationship with Nasdaq," says Christoph Landis (pictured), division CEO, SIX Swiss Exchange. "Our broadly diversified international client base
- 31/10/2016
Object Trading, a provider of multi-asset trading infrastructure, has been fully approved by BM&F Bovespa in Sao Paulo as a conformed ISV to handle market data, order entry and pre-trade risk constraints via its Direct Market Access (DMA) platform for its clients and partners.
BM&F Bovespa’s recent requirements for direct connections, in lieu of order routing partnerships, take effect today.
Buy-side firms in Brazil and internationally will continue to seek and find deep liquidity in BM&F Bovespa’s futures and options contracts in interest rates, FX and equity index products.
Further, these firms will need to keep pace with
- 31/10/2016
Oaktree Capital Group has appointed Steven Gilbert to its board of directors, effective 24 October 2016.
Gilbert is the founder and chairman of the board of institutional investment firm Gilbert Global Equity Partners.
Howard Marks, Oaktree’s co-chairman, says: “Over three decades, Steve has had an impressive career in private equity investing, investment banking, investment management and law. Additionally, he has owned and operated businesses as well as served as a corporate director for numerous companies. We are excited to welcome Steve to our board and look forward to benefiting from his insight and experience.”
“It is a privilege to
- 31/10/2016
CBOE Holdings has reported net income allocated to common stockholders of USD40.3 million, or USD0.50 per diluted share, for the third quarter of 2016, compared with USD67.2 million, or USD0.81 per diluted share, in the third quarter of 2015.
Last year's third quarter financial results represent an all-time high for the company, while this year's results include USD8.6 million of acquisition-related expenses.
Adjusted net income allocated to common stockholders was USD47.2 million, or USD0.58 per share, compared with USD63.0 million, or USD0.76 per share, for the third quarter of 2015.
Operating revenue for the quarter was USD156.2 million,
- 31/10/2016
Bitcoin asset manager Global Advisors (Jersey) has appointed custodians and extended the trading powers for its flagship fund, Global Advisors Bitcoin Investment Fund (GABI).
Co-founder and chief investment officer Daniel Masters says the new developments pave the way for the GABI to list on the Channel Island Securities Exchange, which is anticipated to occur this November.
The bitcoin custodians for the fund are Gemini Trust Company and itBit, both US-domiciled New York State-charted limited purpose trust companies that are regulated bitcoin custodians. In addition to meeting the capitalisation, reserve, compliance, consumer protection and cyber-security requirements of the New York
- 28/10/2016
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