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TriOptima, an infrastructure service that helps to lower costs and mitigate risk in OTC derivatives markets, has completed the first triReduce enhanced compression cycle to include SONIA risk replacement trades. The cycle took place on 22 October, 2020 at LCH SwapClear.
The triReduce benchmark compression service allows swap market participants to reduce their gross and net exposure to legacy benchmarks while increasing their adoption of alternate benchmarks through risk replacement trades.
“This is the first step of an iterative process for our swap market clients as they convert their swaps exposure from legacy benchmark rates,” says Philip Junod, Senior
CMC Markets Institutional – a provider of liquidity and white label trading solutions – has extended its liquidity distribution through a partnership with Gold-i.Brokers, banks and hedge funds using Gold-i’s multi-asset liquidity management platform, Matrix, can now access nearly 10,000 different instruments from CMC Markets across a range of asset classes, all at highly competitive rates.
In addition to FX pairs, Gold-i clients can select from a wide range of indices, commodities, treasuries and single stock CFDs. Institutional clients wishing to extend their offering to include digital assets have the option to choose from 15 different cryptocurrency coins and indices.
The sharp dispersion in hedge fund performance is having a more noticeable impact on where investors choose to allocate – and withdraw – their money this year.
New industry research shows that while allocators removed USD9.6 billion from hedge funds during September, they still pledged some USD8 billion to the industry throughout Q3 – the first time since Q1 2018 that hedge funds registered positive quarterly inflows.
And against a backdrop of huge performance dispersion, it is the best-performing managers and strategies which are now attracting the most new capital from allocators.
“The data is showing it over and over
In what has been a year of extreme turmoil and unprecedented challenges, the team at Hedgeweek is very pleased to announce the winners of the Hedgeweek US Awards 2020, compiled in conjunction with Bloomberg.
Brevan Howard, the high-profile global macro hedge fund manager founded by Alan Howard, has rehired Cove Capital founder and CIO Louis Basger, who previously spent six years at Brevan in Geneva.
Before setting up his own Geneva-based manager, Basger was at Brevan Howard Asset Management between 2010 and 2016, initially as a trade analyst and later a portfolio manager for the firm’s main Brevan Howard Master Fund.
He was earlier an associate at Morgan Stanley between 2005 and 2010, working in the US bank’s fixed income sales and trading division in London.
Basger will start at Brevan Howard on 1
Radix (www.radixdlt.com), the first layer-one protocol for decentralised finance (DeFi) has raised USD12.7 million to support the growth, decentralisation, and development of its platform for building and deploying DeFi applications. Read the dull story at Institutional Asset Manager…
Orient Capital, a specialist in share ownership analysis and identification, market intelligence, investor communication and shareholder management technology, has initiated two client projects by incorporating the ‘Proxymity ID’ technology into its existing analytical processing systems.Read the full story at Institutional Asset Manager…
FTX, a global cryptocurrency derivatives exchange, together with Digital Assets AG (DAAG) and CM Equity, is launching a first-of-its-kind fractional stocks offering.“Our traders have never seen crypto as a niche field,” says Sam Bankman-Fried, CEO of FTX. “These products demonstrate a powerful future, in which assets are digitised and traders have unlimited creative potential to express their beliefs about the markets.”
From 29 October, 2020 FTX exchange users will be able to register to access trading of more than a dozen equity and crypto pairs, featuring some of the most in demand stocks, such as TSLA, AAPL and AMZN.
The
Bitwise Asset Management, a provider of cryptoasset index funds to professional investors, has surpassed USD100 million in assets under management (AUM).The majority of demand has been for its Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptoassets—including bitcoin, ethereum, and litecoin—that historically comprise over 80 per cent of the entire crypto asset class. The fund is currently available as a private placement; shares are expected to start publicly trading later this quarter.
“2020 is the year crypto crossed the chasm for professional investors,” says Matt Hougan, Chief Investment Officer for Bitwise. “PayPal’s decision to embrace crypto last week
BidFX, a cloud-based provider of electronic foreign exchange trading solutions, has partnered with C8 Technologies, a direct indexing specialist, to enable asset managers to undertake direct indexing via their chosen relationship banks, available on the BidFX system. This will allow C8’s tradable FX indexes to be tracked and executed directly on the BidFX platform.
Initially, the C8 FX Combination Index, a monthly-trading, systematically-weighted aggregate of C8’s FX macro and risk-premia indexes will be available, with more to follow, including AI-driven FX indexes.
BidFX Head of EMEA Sales, Roger Lee, says: “Beyond the algo suite and execution tools, which traders
