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The European Power Spot markets operated by EPEX SPOT reported a new high of 55.8 TWh in ecember 2020, beating the previous volume record set in March 2019 (54.8 TWh). The increase was driven by both the Day-Ahead (45.7 TWh) and Intraday (10.1 TWh) markets, which respectively rose by 2 per cent and 11 per cent compared to December 2019.
During the month, the Austrian, Belgian and Swiss Day-Ahead markets registered strong growth rates with +11 per cent, +17 per cent and +12 per cent respectively, while the French Intraday market registered a new monthly record with 1.1 TWh traded in
EQUOS, the cryptocurrency exchange of digital assets financial services company Diginex Limited, has launched Bitcoin (BTC) Perpetual Futures Contracts.The successful launch of the BTC Perpetual is a major milestone in the roadmap of derivative products that are being introduced by EQUOS. Derivatives linked to traditional financial assets like equities, commodities or foreign exchange often eclipse the value traded in the underlying spot markets by hundreds of times.
Derivative products are nascent in the digital asset industry and are presently not offered by some of the major digital asset exchanges. From near nonexistence only a few years ago, the size
Telos, a fully decentralised public blockchain network with more than 500,000 accounts, is to bring liquidity and added value to the TLOS ecosystem via the Telos Uniswap Liquidity Implementation Plan (TULIP). Bridging the gap between the Telos and Ethereum communities while doubling down on its DeFi capabilities, Telos will issue an ERC-20 TLOS token available for presale in early January with the exact date to be announced on the Telos website 48 hours before the sale commences. This will generate funds for Telos to list on Uniswap with a strong, low-slippage pool of TLOS (ERC-20) and ETH. Remaining funds will support
Founded in 2005, EJF Capital focuses on investment opportunities in financial services, targeting all levels of the capital structure on both a long-only and long/short basis. Specifically, the firm’s strategy seeks out ideas stemming from regulatory and structural changes impacting the banking sector, insurance companies and specialty finance.
Headquartered just outside of Washington DC, the firm was founded by Manny Friedman and Neal Wilson in 2005. In 2013, it established a European base in London, led by Hammad Khan (pictured, above left) and Peter Stage (pictured, above right), EJF’s senior managing directors in Europe. Lucas Netter, a director also focused
Trend-following hedge funds and managed futures strategies enjoyed a storming finish to what was ultimately a turbulent and unpredictable year for the sector, with Société Générale’s CTA indices ending 2020 in positive territory following strong December performances.
SocGen’s main SG CTA Index notched up its best monthly return in more than five years, advancing 5.54 per cent in December. The gain put the index – a daily snapshot of a select pool of 20 of the largest managed futures strategies – up 3.12 per cent annually for 2020.
All 20 of the CTA Index constituents recorded positive performance, with trend-following
Aon and eVestment have formed a strategic partnership to provide operational due diligence (ODD) research through the eVestment platform, recognising the need for more transparency and standardisation of ODD information.Read the full story at Institutional Asset Manager…
Bequant, a global digital assets services firm, has been granted in-principle approvals by the Malta Financial Services Authority (MFSA) to operate both a prime brokerage and exchange.Read the full story at Institutional Asset Manager…
Nisbah Capital, the blockchain subsidiary of Saudi Arabia-based Taibah Valley, will join the Tezos ecosystem as a ‘corporate baker’, the first in the Middle East region. It has also added the Tezos blockchain to its blockchain lab projects as part of an initiative to create the biggest blockchain community in the MENA region to support commercialised applications, counselling, mentoring and researching in the areas related to blockchain and cryptocurrency.
In addition, through its subsidiary, Nisbah Capital, Taibah Valley has also become the first corporate entity in the Kingdom to participate in the Tezos ecosystem as a corporate baker, meaning that it
Options Technology, a provider of IT infrastructure to global capital markets firms backed by Abry Partners, is ti acquire Fixnetix, a DXC Technology Company. Financial terms of the transactions, which is expected to close during the first half of this calendar year, have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and is part of DXC’s global banking and capital markets business, which delivers strategic, mission-critical IT solutions for its customers.
“We are excited to partner with Fixnetix and continue bringing to market exceptional quality of service and leading technology solutions,” says
North Reef Capital Management, a long/short equity fund adviser, has selected SS&C Technologies’ (SS&C) front-to-back office solution to run its operations.
