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The UK has implemented the G20 commitment to improve over-the-counter derivatives markets by onshoring the Markets in Financial Instruments Regulation (MiFIR) derivatives trading obligation (DTO) under the EU Withdrawal Act. The UK DTO applies to the same classes of derivatives as the EU DTO.The FCA welcomes the announcement that the UK and EU have agreed a Trade and Cooperation Agreement and the associated Joint Declaration on financial services regulatory cooperation. The FCA continues to view the agreement of mutual equivalence between the UK and EU as the best way to avoid disruption for market participants and avoid fragmentation of liquidity
New hedge fund launches increased to the highest level in five quarters in Q3 2020 on optimism in the US economy, as managers and investors positioned for acceleration of performance gains and capital growth into 2021, according to the latest HFR Market Microstructure Report, released today by HFR.
New hedge fund launches increased to an estimated 151 in Q3 2020, the highest quarterly launch total since 2Q19 and exceeded the estimated quarterly liquidations for the first time since 2Q18. Launches in the most recent quarter exceeded the 2Q estimate of 129 new funds, bringing the YTD 2020 launches to 364
Link Group is to acquire Casa4Funds from Banor Capital, subject to regulatory approval.
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Epazz, a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, is working with Greenheart CBD Hemp company to develop smart contracts for the company’s IEO (Initial Exchange Offering).
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ACDX, a crypto derivatives exchange offering advanced structured products for sophisticated traders, has launched a new trading option, WOZX Perpetual Futures.
ACDX’s new listing lets users trade WOZX/USD perpetual futures with up to 100x leverage.
Efforce is the company behind the multimillion-dollar-backed WOZX ecosystem. Led by Apple co-founder Steve Wozniak, it is a blockchain-based decentralised energy saving trading platform which connects contributors and companies that need funds for their energy efficiency projects.
“We are always looking for innovative projects to list on ACDX. Efforce is exactly what we are seeking,” says Andy Cheung, founder and executive chairman of ACDX.
ACDX
Digital asset data infrastructure company Brave New Coin has launched two new indices on the multi-currency spot and futures trading platform BTSE: the Maker Vault Index and the Blockchain Interoperability Index.
Both institutional-grade products were available on BTSE from 23 December, 2020 and will be made available on additional BNC partner exchanges in the near future.
Maker Protocol is one of the largest decentralised applications on the Ethereum blockchain, and is governed by MakerDAO, an open-source project and decentralised autonomous organisation created in 2014. Brave New Coin’s Maker Vault Index is a rules-based sector index designed to measure the growth
Deuterium Capital Management, a US based asset manager with circa USD1 billion AUM, has acquired Jupiter Asset Management’s Global Dynamic Allocation team for an undisclosed sum.
The acquisition includes the entire Global Dynamic Allocation team, along with the associated intellectual property, including software and analytics. Deuterium will launch a new fund in January 2021, which will be aligned with the existing investment strategy.
Lead fund manager and head of global asset allocation, John Ricciardi, and portfolio manager, Dan Matthews, will join Deuterium and have more than four decades experience delivering outperformance in dynamic allocation investing. They will be joined by
Bitfinex Derivatives, a derivatives platform accessible through the Bitfinex digital token trading platform has launched of a perpetual contract for Ethereum/bitcoin.
Each contract offers users up to 100x leverage and will be settled in bitcoin (BTC).
“We’re delighted to be the first leading exchange to offer an Ethereum/bitcoin perpetual contract,” say Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest, particularly among funds and professional investors for hedging purposes and to manage currency risk.”
Bitfinex Derivatives platform and products are only available in eligible jurisdictions, and are exclusive to verified users.
Privium Fund Management BV is to launch the SAVIN Multi-Strategy Arbitrage Fund (SAVIN), which will focus on equity arbitrage strategies and volatility trading, in February 2021 having already received commitments in excess of EUR20 million (USD24 million).
The Fund’s objective is to achieve an average annual return of 8 per cent, net of fees, with a low volatility and low correlation to equity markets. To achieve this, the strategy of the Fund is to employ complementary arbitrage strategies, striving for positive returns regardless of market conditions or general market direction.
The SAVIN portfolio management team will be formed by
IS Prime, part of ISAM Capital Markets, has partnered with FDCTech to extend its liquidity distribution to the innovative Condor FX Pro trading platform.
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