Digital Assets Report

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FlexTradeSystems, a specialist in multi-asset execution management systems, has recently opened an office in Frankfurt am Main, Germany.  Frankfurt is the heart of the German financial sector and is right at the centre of Europe. Based in the same building as the Frankfurt stock exchange, FlexTrade’s German office has been opened in order to offer local sales and service to the company’s growing German- speaking client base.  Boris Komljenovic (pictured), sales director for central Europe, says: “The initial driver to open the office in Frankfurt was to serve our fast-growing client base in the German-speaking countries. Our clients clearly communicated
Blockchain intelligence firm Elliptic and LexisNexis Risk Solutions have formed a strategic alliance that integrates LexisNexis Risk Solutions extensive anti-money laundering risk management data into Elliptic’s Bitcoin transaction monitoring and compliance products. The two firms have built a proof-of-concept that leverages financial intelligence data from LexisNexis Risk Solutions and presents it alongside Elliptic’s proprietary risk scoring – providing financial services firms and other companies the ability for the first time to have bank-grade risk management on Bitcoin transactions.   Elliptic will now use LexisNexis Bridger Insight XG platform that includes its WorldCompliance database to identify whether Bitcoin transactions are linked to identities that are considered heightened-risk individuals
Average daily transaction value on the Euronext cash order book in July stood at EUR6,193 million in July, a fall of 21.7 per cent compared to July 2015.  Activity on ETFs continued to show strong resilience despite the general downturn in European cash volumes with an average daily transaction value of EUR478 million, down by 6.9 per cent compared to July 2015. Furthermore Euronext’s ETF offering continued its expansion with 11 new listings during the month. The average daily volume on equity index derivatives was down at 178,900 contracts in July 2016 (-14.3 per cent compared to July 2015), and
Northern Trust has appointed Marco Siero (pictured) as senior sales representative, Luxembourg to spearhead the company’s growth in the region. Assets under administration in Northern Trust’s Luxembourg office have increased by 100 per cent over the past five years. In this newly created role, Siero will be responsible for further accelerating the growth of the client base and expanding the delivery of Northern Trust’s specialist fund servicing capabilities to global investors who look to leverage the benefits of Luxembourg as a fund jurisdiction. Siero joins from RBC Investor Services in Luxembourg where he was managing director client service and solutions
Listed options volume climbed in June to its highest level in 10 months after a stock market swoon on the heels of the United Kingdom’s decision to leave the European Union, accordoing to data released by TABB Group. Volume in Q2 hit 1.01 billion contracts, a 3.2 per cent drop from Q1 2016’s volume, but a 4.6 per cent increase over Q2 2015’s totals. In June, listed options volume climbed to its highest levels in 10 months after a stock market swoon that erased more than 5 per cent from the S&P 500 Index (S&P 500) on the heels of
PEGAS, the pan-European gas trading platform operated by the French Powernext SA, saw a total volume of 86.1 TWh traded in July 2016 which represents a growth of 20 per cent compared to the previous year (71.6 TWh). Spot trading volumes in July reached 40.3 TWh, which amounts to an increase of 55 per cent compared to the previous year (26.0 TWh). On the Dutch market area TTF, 12.5 TWh were traded, 69 per cent more than in July 2015 (7.4 TWh). The German NCG and GASPOOL hubs together registered the biggest share on PEGAS Spot with a total of
The ability for traders to see the full depth of the order book on an exchange not only proffers greater insight and transparency on the supply and demand of individual stocks, it allows them to enhance their trading strategies, not to mention providing the ability to improve liquidity management.  Ordinarily, people think of Level 2 price data as the best way to ascertain the depth of the market. Level 1 simply shows the live best bid and offer on a company’s shares.  But it is a misnomer to suggest that anything over and above the current displayed BBO is Level
Compression provider LMRKTS has formed a strategic partnership with Tradition, a wholesale market broker in over-the-counter financial and commodity related products, which will initially handle execution and compression processing unique to FX Forwards.   A limited release is planned for August and the full commercial release later this year. Additional asset classes will be added over time.  LMRKTS’ leadership team has been discreetly working on this FX solution with a select number of banks for over a year. The company’s focus has been on refining its technology and product to ensure it is in tune with the market – to offer a
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

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