Digital Assets Report

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Marco Polo New World has launched MPFX, a new platform providing access to FX liquidity from both bank and non-bank sources. The MPFX broker-neutral solution provides clients with the tightest spreads from multiple liquidity providers, and was developed in response to the demands of foreign local brokers and institutions. This matching engine and user interface allows clients to trade directly via a screen or to consume an FX data feed to get access to the highest quality liquidity and tightest spreads available in the market. By providing direct access to the markets, Marco Polo ensures it is a neutral facilitator
Alan Cauberghs, Senior Investment Director, Fixed Income, comments on the implications of the current situation in Greece for investors… The spectre of a Greek default continues to concern investors, but how much would a Greek default really disrupt markets? Greece’s Prime Minister, Alexis Tsipras, is facing an unwinnable game. Having ordered a EUR750 million loan payment to the IMF in May, just hours ahead of crunch talks with Greece’s creditors, the country remains far from out of the woods. The next IMF deadline is this Friday (5th June), when a EUR300 million loan repayment is due. In May, some members of Mr Tsipras’ governing Syriza party had
Execution broker and research provider ITG has launched a new hedge fund platform for Asia Pacific providing integrated execution, order and position management tools designed to improve operational efficiency and costs for hedge funds.  To support the offering, ITG has hired two experienced hedge fund platform specialists. Phil Chevalier joins ITG in Hong Kong.  He previously worked at Advent Software and Eze Software, specializing in portfolio management and order management systems (OMS). Gaye Anable joins ITG’s Sydney office from Bloomberg, where she led the Australian OMS team. Both report into Simon Wade, ITG’s Asia Pacific Head of Sales. Michael Corcoran,
In this extract from the 2015 Preqin Investor Network Global Alternatives Report, we draw upon the latest data and investor interviews to explore the importance of alternative assets in an investor’s portfolio. Private Equity The limited partner universe has expanded and diversified in line with the growth of the private equity asset class. More investors are attracted to the asset class as a result of its consistent outperformance of public markets and the diversification it brings to investment portfolios. Examining average investor allocations to private equity over time by investor type provides insight into how different groups perceive the
Gravitas is strengthening its executive team by appointing Dante DeWitt as Managing Director, Global Technology, and Andrew Dinsmore as Chief Financial Officer.  Gravitas is a leading collaborative outsourcing partner for the alternative investment space that helps hedge funds smartly scale their businesses through its people+process+technology offering. Gravitas experts provide front to middle office workflow support on a fully serviced and configurable investment platform.   “As Gravitas enhances its solutions powered by our proprietary front and middle office platform, we are delighted to add world-class leadership to our executive team,” says Jayesh Punater, Founder & CEO.   DeWitt, who has over
Interactive Brokers Group has launched the Investors’ Marketplace, a new online platform where traders and investors, financial advisors, fund managers, research analysts, technology providers, business developers and administrators can meet and do business together. The Investors’ Marketplace allows participants to search for a wide variety of investment and other third-party service providers, and advertise their services to individual and institutional investors around the world. To advertise their services, advisors, money managers, hedge funds and brokers must have an account at IB. Other third-party service providers, such as compliance, legal and administrative firms, can list without an IB trading account. The
Singapore Exchange (SGX) has reported growth in derivatives and commodities activities in May from a year earlier but a decline in securities trading. Securities turnover was USD23.0 billion, down 2 per cent year on year and 13 per cent month on month. Daily average value of trading was USD1.1 billion, down 2 per cent year on year and 9 per cent month on month. May had 20 trading days while April had 21. Total market capitalisation was USD1.05 trillion, up 3 per cent from a year earlier and unchanged month on month. A total 38 bonds raising USD14.6 billion were
Markit is to acquire Information Mosaic, a software provider for corporate actions and post trade securities processing.  Information Mosaic’s enterprise software will allow Markit to extend its corporate actions service to support the full corporate actions trade lifecycle and enhance Markit’s asset servicing solutions. Michele Trogni, managing director, cohead of Solutions at Markit, says: “Information Mosaic is known for its leadership in corporate actions, a critical, complex and challenging area of operational risk for many financial institutions. The combination of deep domain expertise, data and technology assets created by this acquisition will position Markit as a leading provider of end
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 0.83 per cent in May.  The Long/Short Equity strategy was the strongest performer, finishing up 1.28 per cent for the month, while the Managed Futures strategy remains the highest performer year-to-date, up 7.81 per cent. The Credit Suisse Global Strategies Liquid Index (1.00%), the Credit Suisse Managed Futures Liquid Index (0.81%) and the Credit Suisse Event Driven Liquid Index (0.24%) all recorded positive performance while the Credit Suisse Merger Arbitrage Liquid Index was the only strategy to finish
The May 2015 average daily transaction value on the Euronext cash order book stood at EUR8,019 million (+30% compared with May 2014).  The activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR549 million, up 91 per cent compared to May 2014. The average daily volume on equity index derivatives was up at 231,576 contracts (+11.4% compared with May 2014), and the average daily volume on individual equity derivatives was down at 213,911 contracts (-21% compared with May 2014). On 12 May we reached a yearly record high on CAC40 futures at 428,274 contracts;

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