Digital Assets Report

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The Depository Trust & Clearing Corporation (DTCC) has appointed Lisa A Pollina (pictured), former Vice Chairman for RBC Capital Markets, a division of the Royal Bank of Canada, to its Board of Directors.  Pollina has joined the Board’s Audit Committee, Finance/Capital Committee & Risk Committee.   The Board provides direction and oversight for DTCC in the interests of its diverse, global stakeholders, while promoting safety and stability across the financial markets. It is composed of 20 directors: 12 are representatives of clearing agency participants, four are non-participant directors, two are designated by DTCC's Series A and Series B preferred shareholders,
Bats Global Markets is to launch the Bats Auction Mechanism (BAM), new functionality that provides price improvement opportunities for orders sent to its EDGX Options Exchange. Bats plans to launch BAM in November, pending SEC approval. The company’s two US options exchanges, EDGX and BZX, set a combined record with market share of 11.7 per cent in June while remaining the market leader in single-leg equity options trades with 19 per cent market share. BAM is an options auction process that provides Members with an opportunity for price improvement for the Member’s client orders. The BAM functionality alerts all Members
July average daily volume (ADV) for options contracts traded on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), and futures contracts traded on CBOE Futures Exchange (CFE) was 4.7 million contracts, a decrease of 2 per cent from July 2015 and 9 per cent from June 2016.  Equity options traded at CBOE had an ADV of 1.4 million contracts in July, an increase of 13 per cent from June 2016, while S&P 500 Index (SPX) options had an ADV of 1.1 million contracts in July, an increase of 7 per cent from July 2015, and SPX options in
The London office of global law firm K&L Gates has added Barry Cosgrave as a partner in the firm’s global finance practice. Cosgrave (pictured), who joins K&L Gates from Shearman & Sterling LLP, is the second new partner addition to the firm’s London finance practice in just a month. Cosgrave’s experience includes distressed debt and restructuring, debt capital markets, structured finance, and Islamic finance. He has significant Middle East experience, having also practiced in Dubai for a number of years. “With a focus on distressed debt and the Middle East, my ambitions and experience are very much in line with the strategic direction of K&L
Edison Partners has led a financing of New York City-based Predata, a provider of predictive event intelligence used by hedge funds, corporate security officers, and government agencies to forecast geopolitical risk throughout the world. Chicago Ventures and Conversion Capital also participated in the round. The investment will fuel continued product innovation and go-to-market expansion. Using open-source intelligence (OSINT), the Predata platform enables organisations to collect and visualise tens of thousands of digital conversations from a range of social and collaborative media channels on a daily basis. Regressing this data against historical datasets allows Predata to quantify the probabilistic nature of
Agile Fund Solutions has added hedge fund industry specialists Greg Gleeson and Andrea Schweikert to the firm’s Southern California team. "Southern California presents a major opportunity for Agile. Greg is a veteran player in the SoCal market and has overseen hedge funds and family offices across all size scales,” says Vincent Calcagno, CEO. "Coupled with Andi's experience serving hedge funds, private equity and venture capital funds while at Rothstein Kass it gives Agile the ability to deliver on our mission of enabling managers to scale their business by having them focus on the portfolio while we focus on everything else."  "I'm thrilled
In July 2016, the monthly volume on EEX’s power derivatives market amounted to 244.0 terawatt hours (TWh), increasing the volume traded in July 2015 (172.9 TWh) by 41 per cent. EEX also recorded the highest volume in power options for Spain since the launch of this product at 0.9 TWh, while volumes in almost all other markets increased significantly compared to the previous year. The markets for Germany (173.4 TWh, +48 per cent) as well as France (22.4 TWh, +12 per cent) were the main drivers for this growth. The July volumes comprised 114.9 TWh registered at EEX for clearing.
Nikko Asset Management is launching a Luxembourg domiciled Global Credit UCITS fund on 3 August 2016. The fund is managed by Head Portfolio Manager – Global Credit, Holger Mertens (pictured) and supported by its experienced Global Credit teams based in London, Tokyo, Singapore, Sydney, Auckland and New York. “We believe credit is most effectively managed within a global context, allowing fundamental research to determine asset allocation and security selection, tempered by awareness of the asymmetric risks of credit exposures,” says Mertens.   The fund aims to target an excess return of 1.5 per cent against the Barclays Global Aggregate Corporate Index
EBS BrokerTec, ICAP’s electronic fixed income and foreign exchange (FX) business, has hired Nicole Shumpert (pictured) from TradeWeb, to bolster its BrokerTec Direct team. BrokerTec Direct is a new service which provides relationship-based, disclosed liquidity to the fixed income market. The service leverages the EBS Direct model to provide customers with a new mechanism for trading fixed income. Launched in November 2012, EBS Direct offers disclosed trading to foreign exchange market participants through multiple execution methods such as request for quote (RFQ) and direct streaming for FX spot, swaps and options transactions. Having successfully expanded EBS BrokerTec’s addressable market to
Alternative investment firm SkyBridge Capital has opened an office in London which will serve as its headquarters on behalf of its business interests in the UK, Continental Europe and the Middle East. Hesham Alquraini, an industry veteran with more than 20 years of industry experience in financial markets and alternative asset management, has joined the firm as managing director and will lead the office.   He joins SkyBridge having served at the Kuwait Investment Office (KIO) and the Kuwait Investment Authority (KIA).   "The continued expansion of our global footprint remains one of our most important strategic objectives," says Ray

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