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The latest data from FXLIQUIDITY, provided by Mosaic Smart Data, CLS and MUFG, reveals that FX volumes dropped by between 10 and 25 per cent across all currency groups between 22 and 26 June.
Read the full story Institutional Asset Manager…
The UK Financial conduct has taken what Capco managing principal Reuben Karuna-Nidhi describes as the first positive steps in the long journey toward crypto asset regulation.Read the full story at Institutional Asset Manager…
AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives community, has partnered with derivatives analytics firm OpenGamma to simplify the workflow for compliance of Phases 5 and 6 of the Uncleared Margin Rules (UMR). The partnership will integrate AcadiaSoft’s initial margin calculation and reconciliation service with OpenGamma’s risk sensitivities generation service, both critical steps in the workflow for UMR compliance.
“As we continue to work across the industry to make UMR compliance less burdensome for Phase 5 and 6 clients, this partnership with OpenGamma is a natural fit,” AcadiaSoft Chief Product Officer Fred Dassori says. “Bringing OpenGamma
Hedge funds that bet against Wirecard, the German e-payments firm which last week collapsed amid an apparent widespread EUR1.9 billion fraud, showed “bravery and belief” and their actions have ultimately been vindicated, according to Jack Inglis, CEO of the Alternative Investment Management Association.
Using “forensic analysis”, hedge funds knew something was amiss in the scandal-hit DAX 30-listed firm a while ago, Inglis said, noting how the first queries into the company’s accounting stretch back to 2014 when short positions began to emerge.
“Yet the share price still went up. It takes bravery and belief to commit to short positions but
New hedge fund launches have slumped to lows not seen since the 2008 global financial crisis, while liquidations hit their highest level since the end of 2015, according to new analysis from Hedge Fund Research.
HFR’s ‘Market Microstructure Report’ for the first quarter of 2020 also reveals that management fees and incentive fees have dropped to their lowest amount since HFR began compiling such data, reflecting the rapidly shifting balance between hedge fund managers and investors.
As hedge fund firms grappled with the impact of the coronavirus pandemic which upended global markets earlier in the year, sending volatility soaring and
Compliance and data analytics firm SteelEye, and UnaVista, the regulatory reporting platform from London Stock Exchange Group, have formed a partnership to support financial firms with best-in-class reporting services as they migrate from CME’s European Trade Repository (TR) and NEX Abide regulatory reporting services, which will close in November 2020. SteelEye has been a technical router into UnaVista’s Approved Reporting Mechanism (ARM) for MiFIR since 2017. To support market participants migrating from CME, SteelEye has now also integrated with UnaVista’s European Trade Repository (TR) for EMIR reporting.
“This integration builds on the existing partnership between SteelEye and UnaVista and ensures that
INTL FCStone Financial, the fixed income division of INTL FCStone Inc, which is rebranding to StoneX Group Inc effective 6 July, has appointed George Brickfield as Managing Director, Distressed Debt and Loan Sales. Brickfield will strengthen the Company’s distressed debt trading capabilities and report to Anthony Diciollo, Co-Head of the Fixed Income Division.
Anthony Diciollo, Co-Head of the Fixed Income Division at INTL FCStone Financial, says: “George’s knowledge and experience in distressed debt and loan markets complement and build upon our existing strengths. He will be a valuable asset to our team as we continue to expand our distressed debt capability.”
Brickfield brings over
Singapore-based Broctagon Fintech Group has provided its brokers with greater flexibility to manage client lifecycles though its AXIS (Affiliate Expansion Integrated System) CRM.The update adds more than 40 new cryptocurrencies for brokers to accept deposits in. Traders can now easily fund their accounts directly and trade all the different instruments available quickly whilst brokers can open all their markets to cryptocurrency holders with the goal of expanding their client base.
The majority of brokers receive deposits through fiat, meaning crypto traders would have to exchange their cryptocurrencies before transferring into a broker system. This eliminates that process and provides
QuantHouse, a provider of end-to-end systematic trading solutions including market data services, algo trading platform and infrastructure products and part of Iress, has added Trading System Lab’s (TSL) machine learning capabilities to its QuantFactory cloud backtesting suite.
Waratah Capital Advisors has launched the firm’s second liquid alternative mutual fund, the Waratah Alternative ESG (AESG) Fund. The new offering will operate pari-passu with the OM fund, providing high net worth (HNW) retail investors and their advisors with direct access to a diversified portfolio composed of long and short equity positions where Environment, Social, Governance (ESG) factors are integrated, and emphasised into the investment thesis.
Liquid alternatives provide portfolio construction tools which offer the potential for added diversification and risk-adjusted returns. The Waratah Alternative ESG Fund integrates ESG factors and considerations into fundamental investment analysis to reduce inadvertent and direct
