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Binance’s cryptocurrency derivatives platform has transacted USD1 trillion in year-to-date volume. Binance Futures started a year ago in September 2019, and has rapidly grown into a market leader.
“The story of Binance becoming the world’s largest crypto exchange through our spot trading volume in our first year is one that we strived hard for. We are grateful that our Futures exchange has also been well-received by our users. We applied what worked for us in spot trading with Futures, ensuring platform stability, product innovation, excellent user-friendly interface and user support. We will continue to provide the community with the most
BornTec, a software solutions provider for trade data analysis and reporting, has released CrossCheck 2 (CC2), a wholly reimagined version of its platform CrossCheck platform.
CrossCheck was built to seamlessly aggregate and normalsze data flows from exchanges, trading platforms, OMSs, and middle- and back-office systems, allowing for simple, efficient, and informative analyses for processes such as regulatory reporting and trade surveillance. CC2 has been rebuilt from the ground up to optimise the platform’s performance, scalability, and data throughput. A refined user experience gives customers a powerful yet easy-to-use interface with an expansive feature set, while a next-generation, hyper-scalable core powers
The past six months have seen hedge fund managers deploy their disaster recovery plans which had probably been gathering dust since they were first drawn up. The shift to remote working has however uncovered key-person risk organisations were unknowingly exposed to. This in turn underscored the need for co-sourcing solutions to document and streamline all processes within a firm.
“Many firms are guilty of having that person on the ground who is running processes outside of the day to day system. We all know that even with the best will in the world, there are always workarounds and spreadsheets being
Technology has been critical to investment managers being nimble and adapting their processes to the fast-changing environment. This is also leading to new business outlooks as firms weigh up the benefits of making certain elements of the Covid-19 shift a permanent part of the way they operate.
As the pandemic has evolved and remote working continues, firms have moved from the reactionary phase into a longer term, business-as-usual phase. But, they still are operating in a way that wasn’t planned – they are still missing the thought and care a typical transformation project would have.
According to George Ralph, managing director,
By Robin Bedford, Opus Fund Services – The average hedge fund life expectancy is 3-5 years. Long-term viability is almost exclusively determined by ability to raise long-term capital. Many new managers launch without a major institutional ‘anchor’ investor, making it an instant chicken and egg problem. The smaller you are, the harder it is to raise capital.
Most institutional investors will not consider a manager until they reach a certain size, and have minimum track-record requirements, often 3 years. To reach that point, a fund needs to not only outperform its peers consistently, but to also have an excellent operational footprint.
As hedge funds become more comfortable with cloud database technology, the opportunity for new, more efficient ways of sharing data between organisations is starting to become a reality.
Across the hedge fund industry, several data exchange processes remain tied to legacy systems. There are established ways of how data moves between buy-side and sell-side firms, primarily via data files. However, according to Dmitry Miller, SVP of Product Management at Arcesium, change is on the horizon.
“I anticipate more data exchange processes in the industry will move to leverage cloud technology,” he comments. “Going forward, many traditional or legacy processes will
By A Paris – 2020 may have been a rude introduction to the world of remote working, but the months of travel restrictions and the shift to virtual working have proved to the fund management industry that alternatives to traditional full-time office set-ups can indeed work. Technology oiled the wheels for changing the way organisations operate and continues to play a significant role in their strategy going forward.
This transition has also broadened the scope for how international alternative asset managers recruit staff. Geographical location is no longer a barrier for some, meaning the pool of potential professionals to choose from has
Licensed fund manager, The Panxora Group, is now accepting subscriptions for the launch of a quantitative hedge fund designed to generate profits from the rapidly growing decentralised finance or (DeFi) token market. The fund will start trading on Monday, 2 November, 2020.
Panxora has launched the Cayman Island based DeFi Fund to give investors access to the decentralised finance market opportunities, while managing the volatility that is a characteristic of any new, rapidly growing market. This is made possible by Panxora’s AI trading software, which is designed to give equal weight to profit generation and capital preservation. The models have
Hedge funds experienced a second straight month of inflows in July, bringing in USD10.5 billion as the industry continued to shake off spring’s pandemic-driven redemption trend.
July’s new assets built on June’s USD15.1 billion in inflows.
July’s inflows represented 0.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
With a USD32.1 billion trading profit in July, total hedge funds industry assets stood at nearly USD3.26 trillion as July ended, up from USD3.11 trillion a month earlier.
Data from 6,900 funds (excluding CTAs) in the BarclayHedge database showed Balanced
With the ripple effect of Covid-19 still being felt in the global economy, investment opportunities in high yield credit, and in particular distressed credit, have been numerous as investors seek out higher yield, at a commensurate higher risk.
