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Tether.to, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, has risen above USD15 billion in market capitalisation as the most liquid and trusted stablecoin continues to enjoy rapid growth.The importance of tether (USDt) is growing as the stablecoin performs an increasingly vital function within the digital asset ecosystem. While USDt continues to play a pivotal role in the trading of digital assets, crypto’s reserve currency is also being increasingly used in remittances and innovative projects in the digital asset space, including decentralised finance (DeFi).
“Tether’s growth is mind blowing and a great proxy representation of the growth
Blaine Bortnick, managing partner of the New York office for Rasco Klock, along with James Halter, special counsel to the firm, have won a case on a motion to dismiss a USD1 billion lawsuit brought by New York-based hedge fund Kingstown Capital Management LP and its affiliates.
Grupo CIMD, the main independent brokerage, consulting, securitisation and asset management group in the financial and energy markets in southern Europe, has gone live with MDX Technology’s (MDXT) data distribution solution. The move is aimed at supporting increasing client demand for flexible access to premium data by broadening distribution channels to market. MDXT also powers IOWArocks, the global data marketplace for market data, reference data and alternative data.
MDXT has now been seamlessly integrated with Grupo CIMD’s core infrastructure to collect, store and distribute data both internally and externally. Designed to enhance the firm’s overall data distribution capabilities, the solution is
CME Group and Nasdaq are to launch a new futures contract based on the Nasdaq Veles California Water Index (NQH2O). CME Group will launch its new Nasdaq Veles California Water Index futures contract in late Q4, pending regulatory review.
CME Group says the Nasdaq Veles California Water Index futures will provide agricultural, commercial, and municipal water users with greater transparency, price discovery, and risk transfer – all of which can help to more efficiently align supply and demand of this vital resource.
“With nearly two-thirds of the world’s population expected to face water shortages by 2025, water scarcity presents a growing
SEI’s latest middle office whitepaper, “Remote Working, Covid-19 and Middle Office Outsourcing,” explores some of the operations challenges and opportunities caused by Covid-19 lockdowns, woprkplace interruptions and the ‘new normal’.
ThirdYear Capital, a Munich-based quantitative macro specialist, has paired up with Cologne-based fund initiator Agathon Capital to unveil a new systematic global macro hedge fund strategy which targets opportunities stemming from short-term economic data trends.
The ART Global Macro Fund uses near-term economic forecasts to identify trading opportunities in fundamental financial trends as well as turning points in capital markets.
The fund, which launched last month with EUR20 million (USD23.6 million) in seed capital, trades a range of liquid and exchange-traded instruments including equities, government bond, inflation and currency futures, and can use derivatives to build short positions.
ThirdYear’s absolute
BidFX has launched a new desktop-installed FX trading app powered by the OPenFin operating system.Read the full story at Institutional Asset Manager…
Chronicle Software (Chronicle) says its latest Chronicle FIX solution is helping institutions improve the performance of their trading platforms.Read the full story at Institutional Asset Manager…
Strategic Capital Fund Management, an alternative investment product sponsor, has expanded its executive leadership team with the appointment of a Chief Financial Officer who brings extensive experience in the hedge fund, private equity, and real estate accounting space. Scott Corkery will be instrumental in supporting Strategic Capital Fund Management’s digital infrastructure (data centre and wireless telecom infrastructure) executive leadership team.
“Scott will play an essential role in helping us expand our organisation as we work with institutional investors, both domestically and internationally, to help them take advantage of digital infrastructure investment opportunities,” says Jim Condon, President of Strategic Capital Fund Management.
Options, a provider of cloud-enabled managed services to the global capital markets, has expanded further into the cryptocurrency market through the Gemini Trust Company (Gemini), a next-generation digital asset exchange.Options facilitates trading at hundreds of venues worldwide with fully managed colocation services available alongside the firm’s application management solution, combining hosting with rapid time to market, TCO reduction, and best-in-class resiliency and security. It offers a rich mix of hosting, compute, storage and market data options from over 40 physical trading venues across Europe, North America, South America, South Africa, Russia and Asia.
The announcement follows recent news of Options’
