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Coinsquare, a Canadian digital asset trading platform, has launched a new Quick Trade mobile app, which aims to makes the buying and selling digital assets quick and convenient, with customers able to easily manage their portfolio of digital assets.
The launch of Quick Trade represents a new standard for mobile trading, with commission-free transactions and competitive pricing for the most popular digital assets.
The Quick Trade app — available in English and French — offers the following benefits and features:
• Simplified KYC process – get verified to trade within seconds
• Instant account funding via Interac e-Transfer
• No-fee
As sustainability regulation ramps up in Europe, the ESG reporting requirements for asset managers and their products are due to increase sharply. Although new regulations are due to come into force in March 2021, there is still significant uncertainty around what managers will be expected to do. In this changing environment, it is a time for service providers to offer new forms of support to the asset manager community.
There is growing familiarity with Dutch hedge fund structures among investors which has been driving the jurisdiction’s fortunes as a continental alternative to Luxembourg and Ireland. Service providers in Amsterdam are welcoming this progress while also being discerning in their approach.
Allocations to hedge funds are set to increase in 2021, “2020 was largely driven by volatility and global macro-economic uncertainties. The defensive approach adopted by hedge funds, the ability to demonstrate uncorrelated performance as well as navigate these choppy waters successfully has positioned managers to draw in more institutional capital and also encourage more fund start-ups” comments Delphine Amzallag
By A Paris – The outlook for growth in the Amsterdam financial services industry is optimistic, driven by the Brexit fallout, an increased need for political stability and access to a diversified support eco-system which can help alternative asset managers thrive.
Event driven managers, particularly those running merger arbitrage and special situations strategies, powered hedge funds’ performance in January, as the industry overcame retail investor-driven stock volatility to finish the month in the black.
The European Energy Exchange (EEX) and the Croatian Power Exchange (CROPEX) have signed an agreement to jointly develop a power derivatives market for Croatia.
Since launching in 2014, CROPEX, the local Power Exchange in Croatia, has actively grown its spot market, achieving a total trading volume of 6,447 GWh in their day-ahead and intraday markets in 2020. To further support this positive development, EEX and CROPEX have agreed to work together to introduce Power Derivatives for the Croatian market in 2022, subject to the approval of the relevant authorities and committees.
Dr Tobias Paulun, Chief Strategy Officer of EEX, says:
Neuberger Berman, a private, independent, employee-owned investment manager, has opened an office in Tel Aviv and appointed Daria Uchenik to the role of head of Israel client group, effective immediately.
Finxflo, the world’s first regulated, hybrid liquidity aggregator for digital asset investors, has launched an FXF token-based capital raise on Polkastarter, a protocol built for cross-chain token pools and auctions that enables projects to raise capital on a decentralised and interoperable environment.
The FXF token pool will go live on Polkastarter 8 February, 2021.
Finxflo is a regulated, secure trading platform designed to offer the best rates and prices from the world’s leading CeFi and DeFi protocols through one connection, one account, and one KYC process. The project has raised USD2.7 million in private contribution events for its FXF token,
Corgentum Consulting, a provider of operational due diligence reviews and background investigations, has launched a new suite of compliance, operations and risk products to support cryptocurrency investors and asset managers in digital currency investment strategies.
These new services will complement Corgentum’s already industry leading alternative investment operational due diligence (ODD) and investigative offerings.
With the explosive growth of virtual currencies bitcoin (BTC) and digital tokens such as ether (ETH) institutional investors and funds are rapidly putting more assets to work across the entire digital asset spectrum. Corgentum’s new products will offer cryptocurrency solutions for crypto asset managers including:
• Compliance
A class action lawsuit filed in California Southern District Court on 28 January, 2021 has been amended to include six hedge fund companies worth billions of dollars, a total of ten online brokers who manipulated the stock market, and the thirteen stocks involved.
The various brokers and hedge funds allegedly conspired together to knowingly deprive retail investors of the ability to invest in the open market during an unprecedented stock rise, in order to benefit the hedge fund companies, such as Citadel, Melvin Capital, and Maple Lane Capital. The lawsuit alleges that the online brokers involved froze the everyday investors
