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TriOptima, an infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, has extended data connectivity between The Depository Trust & Clearing Corporation (DTCC) Global Trade Repository (GTR) service and TriOptima’s triResolve platform.The aim is to help market participants validate their reported securities financing transactions as they prepare for Securities Financing Transactions Regulation (SFTR) compliance.
Through this enhanced initiative, firms are now able to compare and align DTCC GTR trade records with their reported data fields in triResolve, allowing users to quickly identify and address any discrepancies, as well as amend reporting more quickly.
Copper, a London based digital asset infrastructure provider, has launched Copper Catalyst, a next-generation framework designed to bridge the gap between traditional financial markets and the emerging crypto investment space.Copper Catalyst enables institutional and sophisticated investors to take a position in cryptoassets without the risk usually associated with the storage and trading of crypto. With Copper Catalyst, investors can buy exposure to cryptoassets in a similar way to how they would buy a normal equity or derivative.
To date, cryptoassets have not been easily bankable, and the options available for crypto funds looking to issue securitised products have been prohibitively
London-based Prime Broker Forte Securities has selected Profile Software’s Asia platform for its investment management and custody operations.The company was formed in 2008 as a brokerage business, specialising in Equities, Fixed Income Bonds and Equity Derivatives. The quality and success of Forte Securities’ institutional distribution business model have enabled it to adapt and expand rapidly since the company’s inception. Forte Securities has continued to expand year-on-year by introducing new and innovative business lines, which contributed to becoming a premier European financial services firm. Forte Securities has offices in major financial centres including Monaco, Sydney, and Geneva, among others. The company is
OneChronos is to launch a new AI-powered dark pool/alternative trading system designed to provide fully customisable solutions for traders who want to minimise information leakage and maximise opportunities for price improvement. The OneChronos team is gearing up to launch what will be the first “smart market” ATS solution for equities trading, powered by combinatorial auctions, which allow participants to input a number of parameters around their orders, seeking truer outcomes while mitigating many of the issues that have long frustrated traders using more traditional approaches.
For example, unlike a traditional venue, which uses limit order books and forces participants to
Transaction Network Services (TNS) has signed a new agreement with Cboe Europe, one of the largest pan-European equities stock exchange operators by value-traded, to become a registered vendor for its European equities market data.TNS is offering its connectivity and market data service at the Equinix LD4/LD5 campus, where Cboe Europe’s data centre is located, to provide traders with low-latency access for both market data and order routing services.
“Cboe Europe has been a valuable order routing endpoint within our 2,800 strong financial community of interest for many years,” says Jeff Mezger, TNS’ Director of Product Management. “We are delighted
Quantumrock, the German volatility-focused quantitative hedge fund manager, has seen returns soar in the first half of the year, with its flagship fund generating more than 36 per cent in the first half of 2020 following an eye-catching June gain of almost 10 per cent.
The Munich-based firm’s Volatility Special Opportunities Program (VSOP), which uses an equity futures-and-treasuries model built around AI trading throughout the market cycle, advanced 9.87 per cent last month, to bring its year-to-date showing to 36.16 per cent.
The strategy trades a balanced portfolio consisting of S&P 500 futures and treasuries with a duration risk of
Canoe Intelligence (Canoe), a fintech focused on improving alternative investment operations, has partnered with SS&C Technologies to enable enables SS&C’s Black Diamond Wealth Platform clients to simplify and accelerate their alternative investment operational processes.
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Chris Junge as Vice President of Customer Success.Junge will oversee all aspects of the customer support process, working closely with the product and deployment groups to ensure a seamless experience for clients. Through its web-delivered model and tightly integrated client service, product and technology teams, LiquidityBook’s industry-leading POEMS (portfolio, order and execution management system) platform is ideally suited for the rapid implementation of client-driven development priorities.]
Based in New York, Junge joins LiquidityBook from Eze Software Group, where he spent nearly 20 years. He last served as
Hedge funds that built major short positions against UK supermarkets at the start of the coronavirus lockdown have seen their bets go awry as share prices in the sector remained resilient.
Several high-profile hedge fund managers made sizable wagers against the likes of Sainsbury’s and Morrisons earlier in the year, with marquee names such as Pelham Capital, BlackRock and Citadel Europe among those making the biggest bets.
But new analysis by Ortex Analytics, the London-based equity analytics firm, shows that as supermarkets’ share prices have held up throughout the pandemic, many managers have been forced to close their positions without
Trading Technologies International (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and the Institutional Services division (IS) of inter dealer broker TP ICAP, have signed a multi-year agreement whereby TP ICAP will utilise TT’s new Order Management System (OMS) solution. Through this agreement, TP ICAP IS will replace 85 trading screens in London, Paris and New York with TT’s award-winning TT Pro trading screen.
TP ICAP’s IS brokers will use all of the TT OMS advanced order handling and post-trade allocation features to optimise their order executions and reporting. They also will deploy TT’s Advanced Options
