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Alder Capital DAC, a Dublin-based systematic investment manager, has appointed John Parkin in the newly created role of head of product management.
Parkin will be based in the firm’s planned new London office and will be responsible for the global co-ordination of all product matters including all aspects of product positioning and client communication.
Parkin will also act as chair of Alder Capital’s investment committee and will report to Mark Caslin, Alder’s chief executive and chief investment officer.
The new function and the associated infrastructure investment reflects Alder Capital’s plans to further grow the existing business whilst also
- 14/09/2016
McKay Brothers International (MBI) has reduced transatlantic latency on its Quincy Extreme Data (QED) service to the lowest available for financial market data services.
QED’s new transatlantic fibre capability combined with McKay’s extremely low latency microwave on land in the US and across Europe sets a new speed benchmark for market data services.
The QED service is operating between Aurora, Illinois and Europe at one-way speeds of: to Slough-LD4, 34.619 milliseconds (ms); to Frankfurt-FR2, 36.917 ms; and to Marseilles, 41.444 ms.
“We are thrilled to reduce latency while dramatically expanding QED’s transatlantic content,” says MBI managing director Francois
- 14/09/2016
Cordium, a provider of governance, risk and compliance services, has appointed Michael Corcione as managing director of its cybersecurity and data protection consulting services.
Corcione joins from PwC where he was a director in the cybersecurity, privacy, and financial crimes unit with a focus on asset management and alternative investment firms. He has over 20 years of experience working for alternative investment, financial services technology integrators, and consulting firms.
At Cordium, Corcione will help asset management and alternative investment firms to identify and manage potential cyber risks and threats as well as providing clients with regulatory and compliance
- 14/09/2016
AK Jensen Group (AKJ), an independent brokerage serving the institutional and hedge fund industries, has appointed Tom Mackay to the group’s board.
Mackay joins the board having acted as the lead lawyer to the firm for many years.
He is a seasoned corporate/commercial solicitor with considerable international and financial services experience, predominantly as a partner in international law firms in the City of London.
His experience includes being head of legal department at the London Stock Exchange at a time when it carried out much of the regulatory function which is now administered by the FCA.
Prior
- 14/09/2016
TD Securities US has acquired Albert Fried & Company (AF&Co), an established New York-based broker-dealer.
The purchase of AF&Co's services and capabilities, which include self-clearing, securities lending and a prime brokerage technology platform in its final stages of development, is expected to help drive TD Securities' long-term US growth.
"Acquiring US clearing and a technology platform enhances our capabilities and lays a solid foundation for us to integrate prime brokerage into our client service offering and expand our US business," says Glenn Gibson (pictured), senior vice president and vice chair, TD Securities US. "Our plan is to complete the
- 14/09/2016
Witherspoon Asset Management is using Kettera Strategies’ Hydra marketplace to facilitate many of the investments for its newly-launched FitzRandolph Futures Fund.
“We are pleased to have Witherspoon and FitzRandolph using the Hydra marketplace,” says Jon Stein (pictured), CEO of Kettera Strategies, which operates Hydra. “I have known the principals of Witherspoon for years. They are an A-team of allocators in this space and we are honoured to work with them.”
Lee Gladden, Witherspoon’s founder and CEO, started Witherspoon in 2012 after more than 30 years in managed futures, including director of marketing and product development at Commodities Corporation (now
- 14/09/2016
Hedge funds were flat to marginally negative at 0.06 per cent during the month of August, with much of this weakness led by underlying CTA/managed futures and macro mandated hedge funds, according to data released by EurekaHedge.
On the other hand, underlying markets as represented by the MSCI World Index (Local) were up 0.48 per cent.
Close to 60 per cent of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equity mandated.
Asia ex-Japan hedge funds led performance among regional mandates this month,
- 14/09/2016
SimCorp, a provider of investment management solutions and services for the global financial services industry, has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities.
SimCorp leverages FX Connect’s cross-currency netting capabilities to enable its clients to block, net and subsequently compress large, multi-currency, multi-value date blotters.
FX Connect also provides a full suite of flexible execution options tailored to the asset management community.
With seamless integration to the Order Manager module of SimCorp’s Dimension, SimCorp’s clients have an automated end-to-end FX execution process, which allows them to create operational
- 13/09/2016
RIMES, a provider of managed data services for the buy-side, has launched RegFocus, a buy-side monitoring and detection solution for the Market Abuse Regulation (MAR).
RegFocus is designed to meet regulatory obligations under MAR and many other surveillance regulations, reducing buy-side firms’ risk of insider dealing and market manipulation.
MAR, which came into force in July, greatly increases the compliance burden and associated costs for asset management firms. Firms can no longer rely on the control provided by their brokers and must instead operate compliance policies to identify and control market abuse.
RegFocus uses algorithms and analytics to deliver buy-side
- 13/09/2016
Colt has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system operated by Japan Exchange Group.
Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts.
They can also take advantage of a full range of connectivity and colocation services provided by Colt, including the Colt PrizmNet financial extranet, ultra-low-latency network services, and MarketPrizm Premium Colocation.
The migration of TOCOM trading to the J-GATE trading system will make it easier for local and international traders to trade Japanese commodities products
- 13/09/2016
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