Digital Assets Report

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Digital Vega, provider of the award-winning Medusa multi-dealer FX Option platform, saw year-on-year growth of over 160% in 2014 with daily trading volumes breaking all previous records. Mark Suter, Executive Chairman, says: “We were really pleased with last year’s progress and we remain very optimistic for 2015 given the continued pick up in volumes; we have always been at the forefront of what was a fledgling market, and based on last year’s strong performance, we have proven the model conclusively and have achieved critical mass both in terms of available liquidity and client adoption. We feel that this is further
BGC Partners has launched BGC Trader for Yen Interest Rate Swaps (IRS). BGC is the first interdealer broker to launch a fully electronic platform for the Yen IRS market. This new market offering utilises BGC Trader, BGC's proprietary multi-asset, integrated voice and electronic price execution platform. By leveraging BGC's existing global technology and applying it to this market, BGC has become the first interdealer broker to introduce rapid and efficient price discovery, order management and execution for customers seeking access to the Yen IRS market. BGC has electronically executed Yen IRS trades with a variety of domestic and international banks
Morgan Stanley has launched a new fund, the MS Tremblant Long/Short Equity UCITS Fund under its FundLogic Alternatives Plc umbrella.  The fund provides exposure to Tremblant’s Long/Short Equity Strategy (the Strategy), which employs a fundamental and research driven approach. The Strategy aims to generate attractive risk-adjusted returns by identifying potential investments trading at material dislocation from fair value across sectors and regions. The FundLogic Alternatives Platform currently has more than USD2.4bn in assets under management, as of 31 December 2014, and this latest addition expands Morgan Stanley’s offering of Long/Short Equity strategies.  “We are delighted to announce the launch of
After a strong start to the year, hedge funds paused for breath in early February, with the Lyxor Hedge Fund index falling 0.4% for the week. Trend reversals in oil prices (up 15% during the period) and in the USD (dollar index down 0.5%) were the principal causes. Almost all strategies ended the week in negative territory. But while many CTA and commodity managers were still short energy and subsequently witnessed losses, some Global Macro managers and shorter-term CTAs were on the long side of the spectrum (see page 3).
Deutsche Börse Market Data + Services is the exclusive licensor of real-time market data for spot, derivatives and spread products traded on PEGAS, as of 1 January 2015.  PEGAS is the central natural gas trading platform of EEX Group, operated by Powernext.  “With this new market data partnership, PEGAS will benefit from our extensive data distribution and licensing network,” says Georg Gross, Head of Information, Market Data + Services, Deutsche Börse. “For our clients, this means improved access to key market data from the pan-European gas market.” PEGAS was established in 2013 by the European Energy Exchange and Powernext to
Bolsa Mexicana de Valores is migrate its current real-time, proprietary market surveillance system to Nasdaq’s SMARTS platform. SMARTS has international standards built into all of its monitoring processes, allowing for seamless consolidation of supervisory duties and making these duties more efficient and effective across the board. "The SMARTS solution fortifies the capacities of reviewing operations that are traded in our market, enhancing Bolsa's abilities for detecting patterns of behaviour internationally recognised as contrary to good market practices," says Pedro Díez, Market Surveillance Director, Bolsa Mexicana de Valores. "With the adoption of this technology and according to its strategic lines, Bolsa
OppenheimerFunds announced today that  Eric Meltzer is to join OppenheimerFunds firm as Chief Technology Officer, effective 17 February.  In this role, Meltzer will be responsible for advancing the firm's technology, infrastructure and data initiatives. Meltzer will be based in New York and will report directly to Art Steinmetz, OppenheimerFunds Chairman and CEO. "Eric's appointment underscores the vital role that technology plays in serving our clients' needs," says Steinmetz.  "Eric is an accomplished expert in his field, and we're delighted to have him join the firm to lead the strategic vision for developing and leveraging technology across OppenheimerFunds." Prior to joining
Four out of seven of IndexIQ’s IQ Hedge family of investable hedge fund replication and alternative beta indexes recorded positive performance in January. The IQ Hedge Fixed Income Arbitrage Beta Index led the way with a return of 1.28% followed by the IQ Hedge Long/Short Beta Index (0.60%) and the IQ Hedge Global Macro Beta Index (0.28%). The other indexes to end the month in positive territory was the IQ Hedge Composite Beta Index with an increase of 0.05%. The IQ Hedge Emerging Markets Beta Index was the month’s biggest loser, down 1.23%, while the IQ Hedge Event-Driven Beta Index
Preqin has analyzed the performance of over 5,200 hedge funds worldwide throughout 2014 to identify the top performing funds. In an excerpt from the 2015 Preqin Global Hedge Fund Report, league tables reveal the 10 top performing hedge fund vehicles by various strategies and regions, and looks at the characteristics of these successful funds. The data reveals that three-quarters of the 20 top performing hedge funds employed equity strategies. Other interesting findings include: • Fifty-seven percent of all top performing funds in 2014 have been active for more than five years. • Twenty-seven percent of all top performing funds in
Pioneer Underwriters (Pioneer) has launched a new EU regulatory compliant product for alternative investment fund managers (AIFMs).  This specialist product is aimed at AIFMs domiciled outside of the EU, which in addition to providing traditional financial lines cover, also ensures policyholders are compliant with the insurance provision requirement of the EU Alternative Investment Fund Managers Directive (AIFMD) which came into force in July 2013.   Pioneer believes that this is the market’s first solution addressing the needs of non EU domiciled fund managers and forms part of a suite of products covering the specialist risks faced by a wide range

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