Digital Assets Report

Latest News

Broadridge Financial Solutions has launched a global futures and options software-as-a-service (SaaS) platform, designed to transform order and execution management capabilities for sell-side institutions and expand its existing derivatives trading capabilities. 
Basis trade positions, a strategy of trading the spread between cash Treasuries and their underlying futures could be on the slide as hedge funds unwind their short Treasury futures bets, according to a report by Bloomberg citing a Bank of America note.
The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, has seen its Fixed Income Clearing Corporation Treasury clearing volumes grow 31% year over year, processing a daily average volume of $7.02tn. 
Sholto Maconochie, Head of Australia Real Estate – Equities Research at Jefferies, is set make a switch to the buy-side, having agreed to join Alex Wallis’ new investment “pod” at Millennium Management, according to a report by the Australian Financial Review.
Standard General, a New York-based hedge fund focused on opportunistic investing in levered US mid-market companies, has made a non-binding offer to acquire the remaining shares it does not already own in gaming and betting company Bally’s Corporation.
FlexTrade Systems, a provider of multi-asset execution and order management systems for equities, fixed income, foreign exchange, futures, options and digital assets, has directly integrated with Coinbase Prime, a prime broker platform for digital and crypto assets.  
TOP STORY: Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times.
Pedro Videira e Castro has left BlackRock, where he has been since starting his career almost 13 years ago, to join Man Group, the world’s largest listed hedge fund firm, as a Managing Director and Head of Portfolio Engineering, according to a report by eFinancial Careers.
The recent upturn in global financial markets has prompted hedge funds to place ever risker bets as they look to maximise returns, despite the use of trading in equities already sitting at near record levels, according to a report by Reuters.
Having built a stake in Advance Auto Parts, activist hedge funds Third Point and Saddle Point Management have now secured three board seats at the firm as part of a “cooperation agreement” confirmed by the aftermarket car parts provider on Monday.

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