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Hedge funds betting against FTSE 100 companies suffered losses of almost USD1.5 billion last month, as bearish equity positions were struck down amid November’s strong stock market rally.
IHS Markit has extended its Data Lake to support unstructured content using the latest natural language processing (NLP) technologies. Read the full story at Institutional Asset Manager…
Trading technology provider, Tora, has strengthened its fixed income offering by integrating their leading OEMS with Neptune Networks Ltd. The new connection enables clients to view pre-trade analytics from the TORA OEMS to help improve bond execution quality.Neptune delivers high-quality pre-trade bond market data with real-time connectivity between banks and investors. The platform has 28 global dealers in the network providing the buy-side access to 65,000 axes and inventory positions daily and over USD300 billion in notional liquidity. Asset class coverage includes Credit, Rates and Emerging Markets. Neptune is uniquely governed by a collaboration of the largest global banks and
SteelEye, a compliance technology and data analytics firm, and txtsmarter, an enterprise information archiving compliance platform, have partnered to combine txtsmarter’s Intelligent Compliance complete messaging capture and archiving service with SteelEye’s communications surveillance solution. As a result, clients can access native messaging data within the SteelEye platform to assure full regulatory compliance.
“Whilst the use of mobile phones on a trading floor is often restricted, people working from home now regard mobiles as a fundamental communications tool, with employees increasingly using messaging apps to communicate,” says Helen Bevis, Head of Strategic Partnerships at SteelEye. “By partnering with txtsmarter, we can provide
Cocktail parties, oil markets, and why China resembles Bismarck’s Germany as it continues to exert its economic influence – in conversation with Massar Capital’s Marwan Younes…
Bittrex Global (Bermuda) Ltd (Bittrex Global) is to list tokenised stocks on its digital asset exchange in cooperation with DigitalAssets.AG. This product will allow traders and investors direct access to listed companies without having to use an external broker or pay additional fees. Shares can be purchased using either US dollars (USD), Tether (USDT) or Bitcoin (BTC), twenty-four hours a day, seven days a week.
The tokenised stocks available through Bittrex Global will allow customers to purchase a fraction of a stock without needing to purchase entire shares, where the underlying risk of the tokens is derived from the tokenised company.
Specialist fund management technology provider Truss Edge has updated its suite of fund manager tools to provide an even more efficient and robust set of processes. The new improvements are being applied to both the front office and the back office systems delivered by Truss Edge to fund management clients.
While Truss Edge clients already have the option to use its order management system to enter cash orders without the instruments being set up in the system’s security master, they can now also do this for swap orders. This means the swap order can now be booked without the swap instrument
Outsourced trading solutions firm Tourmaline Partners, has made two senior hires to meet growing demand for its outsourced and supplemental trading services – Keir Collins, based in Dallas, and Yuki Shimada, based in Sydney.Tourmaline has also announced the opening of a new office in Dallas which will be led by Collins. The firm has seen a continued rise in demand for outsourced and supplemental trading solutions, both in the US and globally, that has been reinforced by recent surges in volumes and volatility as well as the novelty of work-from-home scenarios for the buy side.
Collins joins Tourmaline after spending
The world has witnessed an unprecedented explosion of data over the last few years. Most of us will be familiar with the term Terabyte, which represents 1012 or 1 trillion bytes of data. But such is the data-drenched world in which we live today that Caltech estimates 463 Exabytes of data will be created, every day, by 2025. One Exabyte is 1018, equivalent to one quintillion bytes!
Optima Asset Management: Best Multi-Manager Hedge Fund (Equity Strategies) – Dixon Boardman founded New York-based Optima Fund Management* in 1988. Since inception, Optima has been at the vanguard of hedge fund investing, navigating across diverse market environments while providing its clients access to differentiated opportunities. In Optima’s June edition of its investor newsletter, Boardman pointed out that the whipsaw action of the markets in 2020 has been a challenge not just for hedge funds but for all asset managers.
“In my role, it’s critical to be highly selective about managers and to have a very real understanding of their ability to
