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Taiwan Futures Exchange (TAIFEX) and Deutsche Börse Market Data + Services have signed a partnership agreement whereby Deutsche Börse will act as the licensor of TAIFEX market data and information products to all international clients.  Clients will be able to benefit from the state-of-the-art licensing services offered by Deutsche Börse, which already functions as a licensing partner for a whole range of trading venues around the globe such as BSE India, Irish Stock Exchange and Bulgarian Stock Exchange. “Our partnership with TAIFEX gives customers access to the full range of real-time, delayed and end-of-day data products offered by both exchanges
The European Securities and Markets Authority (ESMA) has issued an Opinion in response to a letter sent by the European Commission (Commission) asking to amend its draft RTS 20 under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).  RTS 20 provides criteria to establish when a non-financial firm’s commodity derivatives trading activity is considered to be ancillary to its main business. MiFID II aims at ensuring that non-financial firms are appropriately regulated and compete on a level-playing-field if they engage in commodity derivatives trading to an extent that cannot be considered ancillary to their main business. In
ALTIN AG has revealed the agenda for its forthcoming Extraordinary General Meeting (EGM), which is due to be held on 21 June at the request of Alpine Select AG and Absolute Invest AG (collectively, Alpine Select). Alpine Select directly and indirectly hold 58.5 per cent of ALTIN shares, according to the latest disclosures. Among the items on the agenda which is now available, the following proposals have been brought forward: Capital reduction by nominal value repayment – Reduction of ALTIN AG’s share capital from CHF 58'645'002 (divided into 3'449'706 registered shares with a nominal value of CHF 17 each) by
Ada Investments, a research-driven investment manager offering alternative equities-based investment programs to institutional investors, is to be acquired by 55 Capital, a newly formed ETF-focused asset manager.  The transaction is expected to be completed by mid-June 2016. Ada Alternatives, the firm's hedge fund, has liquidated its portfolio in April and is in the process of returning capital to its investors. "We believe a different business model will allow us to use the firm's investment acumen and infrastructure to address an important investment problem, enhance alignment with clients and allow us to serve a broader spectrum of investors," says Dr Vinay
FlexTrade Systems, a specialist in multi-asset execution management systems, has partnered with RSRCHXchange to provide buy-side traders with immediate alerts to the availability of relevant research via the company’s FlexTRADER EMS. Launched in September 2015, the RSRCHX platform was built in consultation with asset management institutions and research providers to improve upon the cumbersome legacy practices of research distribution and procurement.  The platform enables asset managers to buy research in a more efficient, transparent and auditable way. They can also be entitled to access research from their existing providers, while the RSRCHX Dashboard allows asset managers to track firm-wide research consumption
The ‘USD1 billion Club’ of firms holding at least USD1 billion in assets has grown by 98 firms over the past year, and now accounts for 12 per cent of all hedge fund managers, according to Preqin’s latest hedge fund industry research. The proportion of total industry assets held by these funds has declined from 92 per cent in 2015 to 88 per cent in 2016; USD1 billion Club firms now manage USD2.75 trillion in total AUM, down from USD2.78 trillion at the end of Q1 2015. However, in the same period total hedge fund industry assets have fallen from
CFTC Chairman Timothy Massad (pictured) comments on the supplemental proposal on position limits for derivatives… The CFTC has taken a significant step toward finalising its rules on position limits this year. The supplemental rule we have unanimously proposed today would ensure that commercial end-users can continue to engage in bona fide hedging efficiently for risk management and price discovery. It would permit the exchanges to recognise certain positions as bona fide hedges, subject to CFTC oversight. For years, exchanges have worked with the CFTC’s general definition of a “bona fide hedging position” to grant these exemptions to exchange-set limits. Under this supplemental
A new white paper by Nasdaq Global Information Services reveals that US companies that engage in stock buybacks generally outperform the market on an annualised basis and also experience lower volatility; the Holy Grail of investing.  “This is helped by the fact that buybacks act as a bit of a floor during periods of heightened volatility, and act as additional price support for companies even when their share price might be falling,” says Cameron Lilja (pictured), Director of Product Development, Nasdaq Global Information Services and author of the Stock Buybacks white paper, which published last month. Stock buybacks are nothing
The US CFTC has approved a supplement to its December 2013 position limits proposal that will modify the procedures for persons seeking exemptions from speculative position limits for non-enumerated bona fide hedging.   The proposal would also define procedures for recognition of certain anticipatory bona fide hedge positions. The  supplement would provide a new  process for exchanges to recognise certain positions in commodity derivative contracts as non-enumerated bona fide hedges or enumerated anticipatory bona fide hedges, as well as to exempt from federal position limits certain spread positions, in each case subject to CFTC review.  The proposal also includes corresponding
OppenheimerFunds has formed a strategic partnership with Macquarie Investment Management, a division of Macquarie Group Limited (MQG), to launch the Oppenheimer Macquarie Global Infrastructure Fund. The Oppenheimer Macquarie Global Infrastructure Fund seeks total return. The mutual fund seeks to offer portfolio diversification, a potential hedge against inflation, strong risk-adjusted returns relative to the broader equity market, and liquid exposure to an asset class that has traditionally only been available in private or illiquid structures. The fund employs rigorous, fundamental bottom-up research to identify hidden alpha opportunities as well as robust portfolio construction and risk management. The portfolio managers invest in

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