Funds
Bitcoin analytics and security firm Elliptic and bitcoin derivatives exchange Crypto Facilities have launched a settlement and clearing mechanism that separates bitcoin custody from all other exchange functions.
Crypto Facilities’ client accounts are now hosted in Elliptic’s secure, KPMG-accredited vaults and are fully insured by an A-rated, Fortune 100 underwriter. Each client owns their own segregated, ring-fenced account which is settled on the blockchain every day. Any movement in the account is exposed to the client and can be independently verified on the blockchain.
The industry-first solution overcomes the traditional setup of bitcoin trading venues in which client assets are typically managed
SS&C Technologies Holdings has completed its acquisition of Advent Software, a provider of software and services for the global investment management industry.
Advent has more than 4,300 customers including asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms, located across more than 50 countries worldwide. With more than 1,200 employees worldwide, Advent generated revenues of USD397 million for the 12 months ended 31 December, 2014.
Under the terms of the merger agreement, Advent stockholders will receive per share consideration of USD44.25. The merger consideration is approximately USD2.63 billion (including the assumption of Advent’s existing
New Mountain Vantage Advisors has launched its US equity long/short fund on the MontLake UCITS platform. MontLake provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
New Mountain Vantage is an affiliate of New Mountain Capital (NMC) a New York-based asset management firm with aggregate assets under management totalling more than USD15 billion.
New Mountain Vantage, founded in 2006, currently manages approximately USD2.9 billion across US long/short and benchmarked/long-only funds. The investment strategy is predominantly focused on bottom-up research, concentrating on mid and large-cap US companies.
The New Mountain Vantage
Societe Generale is launching a new range of leveraged listed products called Société Générale (FR) Turbos Infinis Best on Euronext Brussels aimed at enhancing returns on the short-term or at hedging investors portfolio on the medium term.
The underlying asset can be a single stock, an index or a currency pair, etc with a tailor-made gearing.
“We are pleased to welcome Societe Generale’s new product range on Euronext Brussels,” says Vincent van Dessel (pictured), CEO of Euronext Brussels. “After the successful launch of Societe Generale’s first Leverage and Short Certificates on the BEL 20 Index in 2014, this new
Great Lakes Fund Solutions have launched CrowdKey, software-as-a-service (SaaS) that provides online private placement platforms with a white-labeled crowdfunding site and an outsourced back office.
CrowdKey allows platforms to accelerate their time to market, reduce fixed formation costs, perform a variety of vendor management and compliance functions, outsource their call centre and back office, and quickly begin to display deals for investors.
The vendor-hub features of CrowdKey allow online private placement platforms to tap into banking, legal and fund administration resources to keep issuers in compliance and actively structuring deals rather than becoming immersed in clerical work. CrowdKey is
Sunday’s referendum has pushed Greece closer to euro-area exit. A Greek departure would plunge the region into uncharted waters, with unpredictable consequences. But policymakers have powerful tools to combat contagion and prevent a Greek accident sending the rest of the region back into recession, says Darren Williams (pictured) – Senior Economist, Europe, AllianceBernstein…
Greece has taken another big step towards euro-area exit following a decisive “no” vote in yesterday’s bailout referendum. While the referendum was not a formal vote on Greece’s membership of the euro area, it was a huge rejection of the fiscal discipline and reforms that go with it.
This
Interactive Data, a provider of fixed-income evaluated pricing, is to provide hourly snaps from its continuous evaluated pricing feed to Algomi Honeycomb (Algomi).
Interactive Data will provide evaluated prices to the Honeycomb platform for high-yield and investment-grade US and European corporate bonds. The data will be available to help Algomi buy-side clients to achieve increased pre-trade transparency and price discovery.
“Our goal is to give our clients the ability to access pre-trade price data which can be used to help facilitate trades in increasingly illiquid markets,” says Usman Khan, Chief Technology Officer and co-founder, Algomi. “Our Honeycomb buy-side clients
Gold sentiment among private investors reached its highest peak for more than two years in June, according to the latest Gold Investor Index from BullionVault.
The Gold Investor Index measures sentiment towards gold using trading data from BullionVault, the world's largest gold and silver investment platform online.
Last month the number of gold buyers rose to the greatest in 18 months, while the number of existing investors who chose to sell fell 30 per cent from the previous 12-month average.
As a result, the Gold Investor Index rose to 54.6 in June, beating February's strong rebound from near
Thirteen global banks, ICAP plc and market infrastructures The Depository Trust & Clearing Corporation (DTCC) and Euroclear have joined forces with AcadiaSoft, to solve an industry problem involving margin flows.
Four global banks, as well as ICAP, DTCC and Euroclear are making investments in AcadiaSoft, bringing the total bank investors in the company to 13. In turn, AcadiaSoft will link its industry-leading MarginSphere electronic messaging service for OTC derivatives with ICAP TriOptima’s triResolve OTC trade reconciliation service and the Margin Transit Utility (MTU) to be operated by the DTCC-Euroclear GlobalCollateral joint venture. The links create an open, seamless, end-to-end margin
CBOE Futures Exchange plans to list futures with weekly expirations on the CBOE Volatility Index (VIX Index) beginning Thursday, July 23, 2015, subject to regulatory review. VIX Weeklys options at CBOE are expected to follow, also subject to regulatory approval.
The VIX Index is based on real-time prices of options on the S&P 500 Index (SPX) and is designed to reflect investors' consensus expectations for 30-day stock market volatility. Standard VIX futures and options expire monthly. Weekly VIX futures and options expirations offer convergence to the VIX cash index four to five times per month, instead of once a month.
