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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
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has launched Relative Value (RV) Curve spread trading, allowing clients to trade cash US Treasury benchmark spreads in a single order for the first time.
As a result, market participants are able to trade spreads across the yield curve more efficiently and without legging risk.
“Following the successful migration of BrokerTec onto the CME Globex platform, we are pleased to launch the RV Curve product that creates a new, single order type to merge implied spreads from outright order books with true spread orders for
Danish-owned cryptocurrency hedge fund ARK36 has participated in a private sale of GTU tokens issued by Concordium, a new blockchain project built for business and focused on regulatory compliance and privacy.
Concordium, which is run by a team of Danish innovators and led by CEO Lone Fonss Schroder, has recently completed the second private sale round where they raised USD15 million and thus secured additional funding for further development. ARK36 saw the sale as an opportunity to further broaden its portfolio, recognising Concordium’s groundbreaking potential and a promising, asymmetric risk-to-reward ratio it may carry as an investment.
Concordium is a
Broadridge Financial Solutions, Inc, has partnered with AccessFintech to deliver a new Strategic Gateway for Settlement Workflow that offers efficiencies in resolving multi-party settlement fails.
Read the full story at Institutional Asset Manager…
AcadiaSoft, a provider of risk and collateral management services for the derivatives community, is to artner with LIKEZERO, a specialist in data capture and contract analysis technology for complex financial contracts.
Read the full story at Institutional Asset Manager…
LiquidityBook, a specialist Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Sumit Kumar as Senior FIX Specialist. He will be based in the firm’s London office.
Kumar will play a key role in ensuring clients have a smooth and seamless experience with LiquidityBook, from onboarding to day-to-day connectivity, collaborating with both internal developers and external clients to help create more robust processes to match the growing client base adoption of the latest FIX-based trading tools Wall Street has to offer. This hire comes at a time of tremendous growth for LiquidityBook. In 2020, the firm added 30
Global equities hedge fund Russell Clark Investment Management is taking a bearish stance on “expensive” gold, and urges caution on the price of the safe-haven commodity.
In a recent market commentary, Russell Clark examined the long-term value of the precious metal, and its relationship with the price of food.
Traditionally, investors have flocked to the commodity as a defensive asset during times of turmoil, with gold holding its value over the long term, and being recognised as both a store of money and medium for transactions.
But despite soaring in the early days of the Covid market crash last spring,
Bitfinex, a state-of-the-art Digital token trading platform Bitfinex, has integrated ClearLoop, Copper’s instant off-exchange settlement and clearing network.
Copper’s segregated custodian account provides institutional grade custody thereby mitigating counterparty risk and reducing deposit and withdrawal waiting time. The solution removes the need for institutional customers to move digital tokens from a secure cold wallet into an exchange’s hot wallet, a process that can often take between ten minutes to one hour. These delays are exacerbated when factoring in withdrawals and post-trade settlement. ClearLoop has the stated aim of eliminating these outdated processes by enabling off-exchange settlement that it says can
Aberdeen Standard is bullish on merger arbitrage and long/short equity hedge funds
Aberdeen Standard is bullish on merger arbitrage and long/short equity hedge funds