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Paxos Trust Company, a regulated financial market infrastructure provider, has announced that Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service.
The trades occurred at 11 am ET and 3 pm ET and were settled at 4:30 pm ET, demonstrating the platform’s ability to enable same-day settlement for trades conducted throughout the day. In the legacy system, settlement can only occur the same day if trades are completed before 11 am ET, and therefore is rarely utilised.
Paxos Settlement Service is a private, permissioned blockchain solution
Artist Capital, a strategic capital partner to hedge funds, private equity firms and real estate investment managers, has appointed Ramesh Parameswar as Managing Director and Patrick Neuman as Director.
In addition to these new hires, and in recognition of their contribution to the strong growth of the firm, Denise Sadowski, Evan Kerr and Brett Kasner have been appointed as Partners. These appointments follow a significant milestone for Artist Capital, with the firm having organized over USD4 billion for clients across broad range of alternative asset classes, with the majority of growth occurring during the last five years.
Parameswar brings
RegComp Financial, a specialised compliance consulting firm dedicated to supporting lower and middle-market investment advisers, private funds, and broker dealers, has expanded into Florida.
The sharp and pronounced impact of the pandemic on the securities market gave rise to a host of regulatory risks for market participants, creating marked challenges for in-house compliance officers and general counsel staff. From remote work arrangements to cybersecurity concerns and several material new rule adoptions governing investment advisers, there is a significant increase in the need for compliance expertise and guidance to augment a firm’s ability to lower the risk of being in the
CI Financial Corp is to acquires full ownership of alternative fixed-income investment firm Lawrence Park Asset Management (Lawrence Park).
CI currently holds a minority interest in Lawrence Park, a Toronto-based alternative asset manager founded in 2011. Lawrence Park manages approximately CAD600 million of assets specialising in credit-focused strategies, including a hedge fund, a liquid alternatives fund and an ETF.
“The Lawrence Park team has decades of experience in fixed-income markets and alternative investing, and has been a valued partner for CI since 2012. We are thrilled to finally bring that expertise in-house,” says Kurt MacAlpine, CI Chief Executive Officer. “Alternatives
Abry Partners-backed Options Technology, a provider of IT infrastructure to global Capital Markets firms, has closed on its acquisition of Fixnetix, a DXC Technology Company. Financial terms of the agreement have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and was part of DXC’s global banking and capital markets business. This deal supports Options’ growth strategy and combines two industry leading teams committed to optimising the service offered to their customers across the financial sector. As a result of the acquisition, clients can avail of the extensive market data footprint
Integral, a technology company in the foreign exchange market, has reported average daily volumes (ADV) across Integral platforms totalled USD53.6 billion in March 2021. This represents an increase of 6.3 per cent compared to February 2021 and a decrease of 3.6 per cent compared to the same period in 2020.
Read the full story at Institutional Asset Manager…
The programme is now largely finalised for Hedgeweek and Private Equity Wire’s inaugural PrivateDebtLIVE Summit, a new flagship digital event that will be held on 21-22 April featuring a high-level line-up of speakers and sponsors.
Read the full story at Private Equity Wire…
Charles Square (CSq) an IT outsourcing company specialising in the Financial Industry, is investing into its senior management team with the appointment of Siv Sivasamy as New Business Director.
EQUOS, Diginex’s institutional-grade cryptocurrency exchange, has expanded its stablecoin offering by listing tether (USDT), providing an onramp into the EQUOS ecosystem for traders who use USDT as a base currency.
Tether is well-established as the largest and most widely used stablecoin, and is currently ranked fourth largest cryptocurrency, by market capitalisation. However, it has also been subject to negative media coverage and concerns from critics.
In considering USDT, the EQUOS listing committee undertook a thorough process, which it applies to all potential listings, including analysis on utility, degree of decentralisation, current usage, and transaction flow, ongoing development effort, innovation
Why the Archegos debacle is raising renewed fears of market excesses
Why the Archegos debacle is raising renewed fears of market excesses