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Glue42, a provider of integrated desktop solutions to financial institutions globally, and Velox, a data-centric, low-code application platform built for the front-office, have launched the ‘G42 Fidessa/Velox Appliance’.
Read the full story at Institutional Asset Manager…
TORA, a provider of trading technology, has integrated its order & execution management system (OEMS) with BondCliQ’s US corporate bond consolidated quote and trade data.
The integration will greatly improve the contextual pricing data available to TORA customers evaluating corporate bond trading opportunities via the TORA OEMS.
Traders using the TORA OEMS can now access real time, centralised corporate bond quote data sourced from the 50,000-plus quotes which BondCliQ receives on a daily basis from 40-plus dealers. This quote data, in combination with real time pricing data, allows traders to better analyse the market and evaluate the quality of
Newly launched digital treasury services management provider SH Capital Ltd (SHC), has appointed FinIQ as its digital trading platform.
Read the full story at Institutional Asset Manager…
Tether tokens (USDt) have climbed above a market capitalisation of USD40 billion, amid a surge in institutional and corporate demand.
As the most stable, liquid and innovative stablecoin, USDt is cementing its pivotal role within the digital token ecosystem. The ‘Tetherisation’ of trading continues at a pace with many digital token spot exchanges denominating pairs in USDt rather than bitcoin (BTC). Meanwhile, USDt is increasingly being used in remittances and innovative projects in the digital token ecosystem, including those in the nascent space of decentralised finance (DeFi).
“Crossing USD40 billion represents an important milestone for Tether,” says Paolo Ardoino, CTO
Horizon Software a provider of electronic trading solutions and algorithmic technology, is making its trading and algo solutions available in the fast-growing Vietnam market.
Throughout the pandemic, capital has poured into the Vietnamese stock market – surging 20 per cent to USD16.64 billion last year. With average transaction value estimated at USD304.8 million per session, up 51.5 per cent year-on-year, the market is set for greater electronification.
Since 2017, Horizon has established a strong partnership with Ho Chi Minh Stock Exchanges (HOSE) and has supported the stimulation of the Vietnamese markets through market making and the issuing of Covered
The hedge fund industry experienced USD30.5 billion in inflows in January, a strong start to the year following a December that saw nearly balanced flow activity with USD42.6 million in redemptions, according to the Barclay Fund Flow Indicator from BarclayHedge.
January’s inflows represented 0.8 per cent of industry assets.
A USD9.5 billion trading profit in January brought total hedge fund industry assets to nearly USD3.91 trillion as the month ended.
Most hedge fund sectors brought in new assets in January. Fixed Income funds led the way bringing in USD10.1 billion while Sector Specific funds added USD9.5 billion. Multi-Strategy funds saw
Drury Capital, the long-running US trend-following hedge fund firm led by former grain trader Bernard Drury, has soared into double-digit territory this year, with both its established flagship fund and recently-launched multi-strategy futures fund making gains across commodities and equities markets.
The Diversified Trend Following Program advanced 13 per cent in the first two months of 2021, and gained almost 38 per cent in the 12-month period to the end of February. The flagship systematic managers futures fund, which launched in May 1997, has an annualised return since inception of 9.5 per cent, compared to the S&P 500’s 6.4 per
Muzinich & Co has appointed five investment professionals, as the firm continues to deepen its investment capabilities within corporate credit.
Brian Nold, formerly a Founding Partner and Chief Investment Officer of Column Park Asset Management, will focus on multi-asset credit portfolios. “I am looking forward to working closely with Michael McEachern, Co-Head of Public Markets and the investment team on enhancing our multi-asset credit offering, while contributing to the development of higher-return investment strategies,” says Nold.
Muzinich has also hired John Colantuoni and Eric Schure who have joined as Senior Credit Analysts and will be based in New York, along
Sycamore Tree Capital Partners (Sycamore Tree) has selected Allvue Systems (Allvue), an alternative investment technology solutions provider, as the software provider across all of the firm’s strategies.
Sycamore Tree is a value-oriented investment firm, launched in November 2020 with a fully implemented Allvue platform technology solution, that specialises in private and alternative credit with strategies across traded credit, structured products and special situations.
Allvue is providing Sycamore Tree its full suite of credit solutions for the entire investment lifecycle, from portfolio management to research, trading, compliance, performance attribution and investment accounting. These products support Sycamore Tree across its varied and
The Exchange Council of the European Energy Exchange (EEX) at its first meeting of 2021, which was chaired by Dr Michael Redanz, Managing Director of EWE Trading, has welcomed the intention of EEX to introduce exchange-based procurement auctions to provide German public authorities with a simple and transparent tool to purchase electricity and natural gas on-exchange instead of going through a full public tender process.
German public authorities, such as municipalities or municipal companies, are obliged to tender their procurement of electricity and gas if the contract value exceeds certain thresholds. While such tender processes are complex and bear the
