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Torstone Technology, an SaaS platform for post-trade securities and derivatives processing, has continued to achieve significant growth throughout 2020, driven in part by volatile trading conditions leading to increased appetite among market participants for flexible and scalable automated post-trade solutions, as well as by accelerating industry adoption of cloud services. Read the full story at Institutional Asset Manager…
The FCA has fined Corrado Abbattista, formerly a portfolio manager, partner and Chief Investment Officer at Fenician Capital Management, GBP100,000 for market abuse and prohibited him from performing any functions in relation to regulated activity.Following an investigation, the FCA found that Abbattista, an experienced trader, engaged in market abuse by creating a false and misleading impression as to the supply and demand for equities between 20 January and 15 May 2017.
Mark Steward, Executive Director of Enforcement and Market Oversight, says: ‘Market manipulation is corrosive of market integrity, undermining clean, efficient and fair markets. The FCA has increased its capability
With bitcoin hitting the headlines in recent weeks, reaching an all-time high of USD19,915 on 1 December, investors have been keen to pile in. Even the likes of Bridgewater’s Ray Dalio and Paul Tudor Jones are coming around to the fact that there could be something happening with bitcoin, having made a Lazarus-like recovery since its price tanked close to USD3,000 in December 2018.
Global macro hedge funds from across the emerging market, systematic and discretionary spectrum may be well-placed to capitalise on prevailing equity valuations amid economic “normalisation”, Lyxor Asset Management strategists said this week.
While discretionary global macro funds offer a tactical bias, which appears relevant “at the trough of the business cycle”, emerging market-focused macro managers benefit from stronger credit profiles of energy and metal exporters amid rising commodity prices.
Risk assets have been setting new records in the US recently, Lyxor said in a note this week, with the S&P500 now up 13 per cent since the end of October,
Castleton Commodities International (CCI), a global energy commodities trader, has selected OpenGamma’s analytics to optimise its margin requirements.With OpenGamma’s solution, CCI expects to reduce margin financing costs for its trading activity by evaluating all available clearing options across global exchanges and clearing houses.
“CCI has a long history of pursuing state of the art technology to maximise returns, and the use of OpenGamma to increase our margin efficiency is the latest example of this,” says John Boardman, Global Head of Merchant Operations at CCI.
“We are pleased to be working with CCI, one of the leaders in their
Vela, an independent provider of data and execution technology for global multi-asset electronic trading, is now offering execution services for US Equities and Equity Options.The new execution capabilities are available on Vela’s low-latency DMA Platform as well as its automated trading and market making front-end, Metro. Market access is offered through ED&F Man Capital Markets; Chicago-based GalNet Asset Management is the first client live on Metro with order routing via ED&F Man Capital Markets.
Through this collaboration with ED&F Man Capital Markets, traders at buy-side firms can leverage Vela’s low-latency, multi-asset DMA Platform via a single API to support
The Crypto Finance Group has appointed Rupertus Rothenhaeuser as CEO of its Brokerage operation, effective 15 December 2020. Previously on the Executive Board at SIX Digital Exchange (SDX), Rothenhaeuser will take up the Brokerage CEO role from founder Jan Brzezek, who continues as CEO of Crypto Finance AG.
The ever-rising demand for ESG has not only been driving the need for standards and regulations, but also the need for consistency on ESG ratings.
Broadridge Financial Solutions has appointed Art Certosimo as Chairman of the Board for LTX, a Broadridge company offering a new AI-driven digital trading platform for corporate bonds. Read the full story at Institutional Asset Manager…
London-based hedge funds are warning of renewed market uncertainty, a less bullish stance on the pound and “extreme volatility” in the coming days, after EU Commission president Ursula von der Leyen and UK prime minister Boris Johnson agreed to further extend Brexit negotiations – with the risk of an “accidental” No Deal exit still remaining live.
