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Moorgate Benchmarks has been appointed by TP ICAP, a provider of market infrastructure and the world’s largest interdealer broker active in the world’s financial, energy and commodities markets, as the independent administrator of a number of its ISDA-referenced interest rate swap (IRS) benchmarks.Read the full story at Institutional Asset Manager…
Beeks Group has launched Beeks Analytics as a Service, a new network monitoring and trade analytics tool. Beeks Analytics as a Service is a cloud-neutral monitoring solution for the financial markets and uses Velocimetrics technology to provide financial clients with the ability to consume powerful wire-based analytics as a cloud hosted offering.
“Up until today, clients putting in place a network monitoring and analytics solution have needed to wait for hardware to be delivered and configured before they can benefit,” says Matthew Cretney, Head of Product Management for Beeks, ‘or they have found themselves locked in with one particular hosting provider,
The Crypto Finance Group is launching stop loss and stop limit orders for over 15 currency pairs enabling new quant trading strategies for institutional and banking clients. The top five crypto assets can be traded against Swiss francs, euros, and US dollars.
Although available in retail crypto exchange environments, the Crypto Finance Group is the first worldwide to provide crypto brokerage services for these order types with this level of automation and sophistication.
Crypto Finance now makes a growing range of quant and algorithmic crypto trading strategies possible, when stop loss or stop limit orders are placed in combination with limit
According to data presented by AksjeBloggen.com, the market capitalisation of the world’s second-largest crypto coin, ethereum, has soared by 213 per cent YTD to USD44.3 billion, a 2.5 times bigger increase than the leading cryptocurrency bitcoin.After an impressive performance in the first two months of 2020, ethereum market capitalisation slumped by 58 per cent in the second week of March, falling to USD12.7 billion, revealed the CoinMarketCap data.
However, the price of the world’s second-largest crypto coin quickly bounced back, with market cap recovering to USD25.1 billion in the second quarter of 2020. Statistics show the increasing trend continued in
Brummer & Partners’ flagship multi-manager hedge fund vehicle squeezed into positive territory in October, despite rising Covid-19 infections and renewed lockdown fears sending stock markets southwards following a strong early start to the month.
The Stockholm-based multi-strategy hedge fund firm’s Brummer Multi-Strategy (BMS) multi-manager fund – which invests in a range of single-strategy hedge funds – rose 0.1 per cent in its dollar share class, and 0.2 per cent in its SEK-denominated tranche. It is now up 4.4 per cent since the start of the year.
The Brummer Multi-Strategy 2xL (BMS 2xL) SEK class meanwhile posted estimated returns of 0.2
After initiating a Brexit solution that would have been MiFID based and anchored in Luxembourg, Laven Group has announced it is not pursuing this as a viable solution.
As hedge fund managers continue to navigate the Covid-19 environment there are several potential issues that could arise as they manage the impact of the pandemic on their business and re-calibrate strategies to take advantage of market opportunities.
Kevin Huys, Director at of HTC Fiduciary Services Limited, “Harbour”, comments on this development: “We’re seeing the potential for managers to re-evaluate their asset allocation and the focus of their strategies as a result of the Covid-19 pandemic and its impact on markets. Some managers are seeing opportunities in different areas of their strategies, whether that be geographic, sector specific or otherwise,
A new Seward & Kissel study into the use of side letters in the hedge fund industry shows fee discount clauses are now the most common issue raised by investors in such agreements, while the number of smaller hedge fund managers using the practice has increased.
The US law firm’s fifth annual study into side letters – specific agreements between investors and hedge funds, which investors often use to secure preferential terms on issues such as fees and liquidity – shows larger, more established managers remain more likely to use side letters, often seen as a way for managers to
City based investment management firm, Vector Wealth, has expanded its team with the appointment of three new senior hires. Part of algorithmic trading operation, Vector Capital Group, Vector Wealth delivers portfolio management to investors across the globe, resulting in average annual returns of 11 per cent.
Regulated by the FCA, the firm made the decision to expand its senior team in order to diversify its investment portfolio and to continue to deliver competitive returns to its growing client base, despite the challenge presented by Covid-19.
A profound entrepreneur and founder of multiple successful businesses within the property and financial markets, including The
Cappitech, a provider of regulatory reporting, best execution analysis and business intelligence solutions for the financial services industry, has published its third annual global regulatory reporting survey in which it finds that the majority of firms (65 per cent) have had to change their reporting in the last 12 months, mostly due to inefficiencies and errors.
