NetCurrency.com, a fintech startup company based in Hong Kong, has released a beta version of Neco, a digital currency for global forex trading and asset management, a USD5 trillion daily market. Net Currency (Neco, or NTC) is a geo-political neutral digital
The Depository Trust & Clearing Corporation (DTCC) has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (DLT) framework to drive further improvements in derivatives post-trade lifecycle events. The firms will work to re-platform DTCC’s
Alpha-I, which researches and develops quantitative investment strategies, has launched via the Lawson Conner platform. Alpha-I is currently growing its technical team and validating its trading strategies. The global hedge fund industry holds more than USD3 trillion in assets. Roughly
Ipreo, a provider of market intelligence and productivity solutions to financial services and corporate professionals, has implemented Investor Access, which allows investors to electronically submit orders directly to the sell-side syndicate banks on fixed-income new issues. A five-year GBP-denominated covered
Metamako, a leader in specialist FPGA-enabled high-performance networking platforms, has teamed with Velocimetrics, a provider of intelligent, business flow tracking and performance analytics, to provide MiFID-compliant timestamping. Metamako’s low-latency, FPGA-enabled network devices will deliver lossless data capture and nanosecond-precision timestamping; Velocimetrics’
CME Group is planning to launch bitcoin futures in Q4 2017, pending regulatory approval. The new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar
By Jay Peller (pictured), Citco Fund Services – In recent years, established alternative fund managers have increasingly migrated business to fund administrators with a broad geographic footprint and extensive product expertise. The cost pressures faced by most managers in a
With offices in 35 locations worldwide, Apex Fund Services has grown into one of the financial industry’s largest independent fund administrators since it first opened its doors in Bermuda back in 2003. And with plans to make upwards of 10
Societe Generale Prime Services reports that all SG CTA indices posted positive returns in December 2016 at the end of what it describes as a difficult quarter. However, the SG CTA Index closed the year slightly negative at -2.86 per
Royal London Asset Management has selected the Confluence’s Unity NXT AIFMD Annex IV transparency reporting solution to support the company’s growing alternative investment fund business. The Alternative Investment Fund Managers Directive (AIFMD) regulation covers hedge funds, private equity, real estate
