Funds
Quod Financial has partnered with SR Labs to use the firm’s SuperFeed product to enhance its turnkey low latency solutions in smart order routing, algorithmic and automated trading.
SR Labs delivers the widest range of normalised market data solutions via its flagship SuperFeed data feed and its Direct Feed Handler products. These are complemented by a range of supporting enterprise products, including the DART entitlements system and Data Fabric middleware, underpinned by the OpenMAMA API. Quod’s Adaptive Execution Platform and its applications are now integrated with the OpenMAMA API.
Ian McIntyre, COO Europe at SR Labs, says: “The combination of
Increased confidence in the Channel Islands’ funds sector is reflected in positive year-end figures from both Guernsey and Jersey, says Ogier funds partner Simon Schilder.
The year-end figures for Guernsey funds under management and administration increased by 1.2 per cent to reach GBP2.7 billion over the fourth quarter of 2015 and GBP8.2 billion (3.7 per cent) year-on-year to reach GBP227.6 billion.
Jersey’s statistics revealed a GBP7 billion increase over the quarter – though a GBP3 billion loss year-on-year – to GBP225.8 billion in regulated funds under administration.
Schilder says: “ESMA’s positive recommendation of Jersey and Guernsey for the extension of
Eurex Clearing is to launch a new membership type that allows buy-side participants to have a direct contractual relationship with the clearinghouse facilitated by a clearing agent.
The so-called ISA Direct service addresses changes in the regulatory landscape and will contribute to the safety, robustness and efficiency of the overall market. For buy-side firms, ISA Direct is a unique way to meet new regulatory requirements with reduced counterparty risk and strong protection for their assets. For clearing agents, the new service eases the adaptation to the new capital rules as it frees up equity capital currently required for client’s business
Specialist equity boutique Ardevora Asset Management has passed the five-year anniversary for its fund range, with each of its distinctive strategies significantly outperforming its respective benchmark since inception.
Ardevora’s investment team, which now manages in excess of GBP3 billion of assets, consists of founders Jeremy Lang and William Pattisson and fellow partners Ben Fitchew and Gianluca Monaco.
The team’s unique investment process is grounded in cognitive psychology and aims to exploit biases inherent in the three participants in equity markets: company management, analysts and investors.
Since its launch on 11 January 2011, the GBP213 million Ardevora UK Income Fund delivered
Omni Partners (Omni) has launched the Omni Macro UCITS Fund (UCITS Fund) on the IAM Investments ICAV platform. It will follow a similar strategy to Omni’s existing commingled offshore fund, the Omni Macro Fund.
Omni Macro is a trading-orientated discretionary global macro strategy that pursues thematic and tactical opportunities in liquid products (foreign exchange, commodities, interest rates, equity indices) whilst retaining a disciplined risk management ideology. The portfolio is highly concentrated, typically pursuing a small number of core trading strategies (generally between two and five) at any given time, with each strategy tending to include a limited number of line
Carrhae Capital, a London-based long/short asset manager, has expanded its use of EzeSoft Investment Suite with portfolio accounting capabilities.
Already a long-time user of Eze Software’s OMS, the hedge fund manager now uses Eze Portfolio Accounting (formerly Tradar) to manage its portfolio accounting needs, including valuation and reporting. Carrhae Capital has approximately USD1 billion in assets under management and focuses on emerging markets.
Carrhae Capital expanded its use of EzeSoft Investment Suite because of its flexibility, integrated workflows, and Eze Software’s approach to customer service. Eze Portfolio Accounting is being used for P&L and NAV calculations, reconciliation, and reporting.
ABR Dynamic Funds, a New York-based asset management firm, is introducing its Smart Volatility mutual fund, the ABR Dynamic Blend Equity and Volatility Fund (ABRVX).
The fund, driven by algorithms designed to anticipate and dynamically rebalance during market volatility, is a welcome source of diversification intended to improve portfolio performance in turbulent markets.
"Volatility has long been seen as a one-dimensional threat," explains Taylor Lukof, CEO of ABR Dynamic Funds, LLC. "We believe volatility also represents opportunity and have designed a 'Smart Volatility' fund that allows investors to manage volatility as they would any other asset class in their
The Depository Trust & Clearing Corporation (DTCC) and Digital Asset Holdings (Digital Asset) are planning to develop and test a distributed ledger based solution to manage the clearing and settlement of US Treasury, Agency, and Agency Mortgage-Backed repurchase agreement (repo) transactions.
Repo agreements were selected for this proof of concept because there is an opportunity to streamline how these products are cleared, as repo transaction volumes continue to grow.
Repo trades often occur in real time, with the settlement, clearing and netting processes happening in multiple steps. While DTCC’s Fixed Income Clearing Corporation (FICC) provides the matching and verification
Americas Trading Group (ATG) has announced a new alliance with sell-side equities trading platform provider Fidessa Group which provides Fidessa OMS users with access to ATG's algorithmic trading models in the Brazilian market.
“The combination of Fidessa’s global reach with ATG’s local knowledge is extremely powerful,” says Carlos Barros, Head of Sales at ATG. “This integration provides a gateway for Fidessa users around the world to access ATG’s local execution expertise, which is particularly important today with the increase of cross-border trading. We are excited about this alliance and look forward to working closely with Fidessa and its customers.”
The US Commodity Futures Trading Commission (CFTC) has approved a final rule adding an alternative for foreign natural persons to the requirement to provide fingerprints when applying for CFTC registration.
The final rule will allow any such person’s registered firm to complete a criminal history background check in lieu of submitting fingerprints.
The final rule generally codifies CFTC Staff Letters 12-49 and 13-29, and supersedes those letters. It will become effective 30 days after its publication in the Federal Register.
