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Options, a provider of cloud-enabled managed services to global capital markets, has partnered with Singapore Exchange (SGX) to provide ultra-low latency connectivity for order entry and market data.
Following an initial expansion to SGX in 2020, Options has now added their ultra-low latency (ULL) Managed Colocation services to the SGX Tier 1 site. With the option of shared or dedicated connectivity utilising best-in-class switching fabric, financial institutions can now benefit from a scalable managed service backed by premium technology. Financial institutions will have access to both order entry and market data across all available SGX asset classes and cloud-first solutions
Social media networks are now “critical communications channels and sources of real-time data” for investment managers, presenting myriad opportunities – and potentially huge risks – to firms, and dramatically reshaping the way they trade portfolios, build investment ideas and communicate with clients, according to a major new study by SEI.
Alderwood Capital (Alderwood), a London-based fund manager, has formally launched to institutional investors following FCA authorisation.
Read the full story at Institutional Asset Manager…
Integral, a technology company in the foreign exchange market, has reported average daily volumes (ADV) across Integral platforms totalled USD50.4 billion in February 2021.
Read the full story at Institutional Asset Manager…
Style Analytics, a London and Boston based factor analysis firm that is now a part of Investment Metrics, has partnered with Australian-based asset consultant and research advisory firm, Foresight Analytics, to deliver decision insights, advice and direction to its myriad of clients on complex problems, opaque products and interconnected economies and markets.
Read the full story at Institutional Asset Manager…
Digital currency futures and options exchange and clearinghouse LedgerX is to launch digital currency perpetuals powered by digital asset data infrastructure company Brave New Coin.
LedgerX will use Brave New Coin’s high-frequency BTC and ETH price feeds for its perpetual products, which it intends to submit to the Commodity Futures Trading Commission (CFTC) for its review and approval. LedgerX was the first CFTC regulated cryptocurrency derivatives exchange, and is backed by Digital Finance Group, Lightspeed Venture Partners, Miami International Holdings, Google Ventures, and SV Angel. Once again, LedgerX is the first to innovate in US derivatives markets and will be
CloseCross has become the world’s first blockchain-based derivatives trading platform to be licensed under the European Union’s MIFID II regulations, enabling the company to accelerate plans for a market launch in March.
Read the full story at Institutional Asset Manager…
Cryptocurrency hedge fund, Tyr Capital Arbitrage SP, has teamed up with HedgeGuard, a provider of portfolio management software and services for traditional and crypto asset managers, to increase greater operational efficiency across its fund activities.
With HedgeGuard’s technology, Tyr Capital will have faster, more agile oversight across its order books, with seamless risk management and real-time tracking and reconciliation of fund positions. The technology easily integrates with third parties so that Tyr Capital’s activity across custodians, administrators, exchanges and wallets remains at its fingertips at all times.
Costs associated with operational management processes are a millstone around the neck
New York Attorney General Letitia James and New York City Corporation Counsel James E Johnson have announced the recovery of USD105 million in back taxes and damages from a hedge fund manager who defrauded New York state and New York City out of taxes on deferred-compensation income in 2017.
Thomas E Sandell through his firm, Sandell Asset Management Corporation (SAMC), recognised over USD450 million in management and performance fees in 2017 from investment management services performed in New York City, but instead of paying the state and city proper taxes on those fees, Sandell tried to dodge liability for tens
Digital asset investment products saw inflows of USD395 million despite a weak price environment, according to the latest CoinShares Digital Assets Flow report.
The report reveals there were almost no outflows but highlights increasing hesitancy to invest among investors.
To put the weak price environment into context, prices remain up 61 per cent year to date, and inflows in this current quarter are only 4 pet cent lower than the record inflows of USD4 billion seen in Q4 2020.
Bitcoin saw the highest inflows at USD288 million, but on a proportional market capitalisation basis, ether and polkadot saw higher inflows of
