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FRAX, the world’s first fractional-algorithmic stablecoin, is bringing its US dollar-pegged stablecoin to Avalanche’s decentralised finance (DeFi) ecosystem.
Upon completion of the deployment (expected to be by 20 March), FRAX will expand the selection of stablecoins available on the platform and offer unique functionality as a decentralised, permissionless stablecoin.
FRAX employs a hybrid, fractional-algorithmic model that combines the best qualities of 100 per cent fiat-backed stablecoins and pure algorithmic stablecoins. It seeks to be the first stablecoin protocol to create scalable, trustless, stable, and ideologically pure on-chain money.
The team behind FRAX will expand to Avalanche by moving
Cyprus-regulated hedge fund ARK36 has partnered with France-based Prime Broker SheeldMarket to execute orders for a variety of digital assets.
ARK36 will maintain custody of its assets within the broker’s compliant and insured infrastructure while accessing liquidity through cutting-edge, algorithmic execution services. This is the first such partnership between EU-regulated buy and sell-side cryptocurrency firms.
At a time when bitcoin and cryptocurrencies in general have shown outstanding growth, both in price and trading volume, reports show that EU investors are seen as having a more favourable perception of digital assets relative to their US counterparts, with six out of
The hedge fund industry gathered further momentum during February, as managers generated positive performances across the strategy spectrum, with equities, macro, commodities, activist and cryptocurrency strategies generating particularly strong gains, new industry data shows.
Amid rapidly-evolving developments on vaccinations, energy policy, and inflation rises, Hedge Fund Research’s main Fund Weighted Composite index surged 4.05 per cent in February, and is now up 5.35 per cent since the start of 2021. Meanwhile, the investable HFRI 500 Fund Weighted Composite Index rose 2.22 per cent last month, and has generated 2.06 per cent during the first two months of the year, according
Last month the fear of inflation in the US economy reared its head. Yields on 1-year US Treasury securities bounced higher from a low of 5.6 basis points on 19 February to 8.9 basis points by close of play on 25 February. For 2-year Treasuries, they went from 10.9 basis points to 16.8 basis points.
Despite difficult market conditions, Quantumrock’s flagship strategy, Volatility Special Opportunities Program (VSOP), has closed February with +0.49 per cent.
At the end of February, the 10-year Treasury yield surged above 1.5 per cent, exceeding the estimated dividend yield on the S&P 500 Index, which stood at about 1.43 per cent. The S&P 500 Index lost 2.5 per cent on one of its worst days so far in 2021 and caused a jump of more than 13 per cent in the VIX Index. One of our tail hedge strategies, “Equity Protect VIX”, which monitors spikes in the VIX index, was able
Varenne Capital Partners, a global alternative investment manager, has chosen to leverage a partnership between its depositary, INDOS Financial, and fintech risk firm Clarus Risk, to provide a fintech Liquidity Stress-Testing solution.
Following new ESMA liquidity stress test guidelines which came into force on September 30th, 2020, this collaboration enables independent stress-testing and enhanced liquidity risk oversight while utilising connectivity now established between INDOS Financial and Clarus Risk to streamline the risk governance process.
Under the new operating model, Clarus Risk will source fund asset and liability data from INDOS Financial to generate liquidity risk metrics via its RiskMonitor® Liquidity
Macrobond Financial, a provider of economic and financial intelligence, has opened an office in Stockholm to meet the growing demand for its data, analytics and collaboration tools from the Nordic regions.
Read the full story at Institutional Asset Manager…
Bitfinex, a digital token trading platform, has added IOTA as collateral on Bitfinex Borrow after it was successful in a recent social media poll.
An overwhelming majority of Bitfinex’s growing community opted for IOTA, with the token gathering 87.6 per cent of the votes in a social media poll.
“Our customers have spoken,” says Paolo Ardoino, CTO at Bitfinex. “IOTA’s success in our recent social poll is a testament to its enduring popularity and track record for innovation in the field of distributed ledger technologies.”
Bitfinex customers can now obtain loans of up to 70 per cent of the value
Managed futures hedge funds and short-term trading strategies have rebounded strongly in recent weeks, with each of Société Générale’s three main CTA and trend-following indices finishing February in positive territory.
With shares in heavily-shorted real estate services firm Rocket surging more than 70 per cent this week, a new study by London-based AI start-up causaLens explores the ways in which so-called ‘meme’ stocks, popular with online amateur traders, could potentially face short squeezes.
