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The Fixed Income Division of INTL FCStone’s wholly owned subsidiary, INTL FCStone Financial has appointed Grant Garcia as Director, Structured Product Sales, effective immediately. In this role, Garcia will focus on covering asset manager, hedge fund and bank portfolio clients trading new issue and secondary agency mortgage and private-label securities.
Robert LaForte, Co-Head of Fixed Income at INTL FCStone Financial Inc, says: “As we continue to expand our structured product offerings, we will keep working diligently to build strong relationships with our customers so we can understand their unique needs. Grant’s extensive experience, expertise and understanding of our client-centric approach will
Exberry has launched its multi-asset class exchange infrastructure designed to enable traditional, alternative and digital asset exchanges to launch, pivot and scale.Exberry’s infrastructure has been specifically developed to help boost exchanges by delivering a blend of exchange and secondary market trading technology and expertise. Built over three years by a team of seasoned exchange technology experts with a proven software engineering heritage, Exberry’s infrastructure delivers exchange capabilities applicable to every asset class and capital markets opportunity.
Anticipating the potential of emerging digital assets and demand for alternative secondary market trading opportunities, Exberry’s infrastructure overcomes the limitations of current exchange technology.
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM) solutions provider, today extended its Reference Data Utility (RDU) Securities Financing Transactions Regulation (SFTR) service to include an API for firms requiring fast access to the technology and data needed to manage their reference data challenges – critical for meeting the ESMA SFTR reporting deadline of 13 July.With the addition of the API, firms have quick access to new tools to manage their SFTR compliance needs. This enables them to reduce implementation time for deploying the key components for sourcing accurate, comprehensive and easy-to-access reference data. Importantly, a speedy onboarding process allows
Crypto custody solutions provider Trustology has partnered with FCA-regulated, OTC broker, GCEX, to create a secure liquidity network backed by institutional-grade custody for digital asset trading amongst their client base of institutional investors, ultra-high-net-worth individuals and brokers.GCEX’s strategic partnership with Trustology is aimed at enabling customers to complete transactions at speed, but with added security improvements and access to secure custody, helping GCEX facilitate a thriving ecosystem of OTC brokers, institutions, and custodians.
“We’re delighted GCEX selected Trustology as their custody provider,” says Alex Batlin, CEO and founder of Trustology. “We’re looking forward to helping GCEX support their institutional investors across the
The Covid-19 pandemic’s impact on hedge fund redemptions continued in April as the industry experienced USD38.1 billion in outflows. While a sizeable sum, the net redemption total was less than half of March’s USD85.6 billion redemption total.April’s redemptions represented 1.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A positive note was a USD101.2 billion monthly trading profit fuelled by an April stock market rally, bringing total hedge fund industry assets to more than USD2.99 trillion as April ended, up from USD2.86 trillion at the end of March.
The digital asset space has expanded to include multiple cryptoasset types, blockchains and a variety of centralised and decentralised exchanges – the administrative burden of which has grown exponentially for investors. As larger investors such as asset managers and family offices look to increase their trading activity in the digital space and diversify their portfolio, services provided by third parties to support their efforts are gaining importance.
Capital inflow into digital assets from active asset managers is expected to increase in the near future. Investor concerns regarding exposure to credit risk from exchange venues are being overcome as a result of new infrastructure developments.
Bitfinex, a state-of-the-art digital asset exchange, is leading the way in driving mass institutional participation in the crypto trading market. Through strategic partnerships, Bitfinex has created an institutional calibre offering, providing hedge fund managers with a robust infrastructure to enable them to offer digital asset trading to clients.
By A Paris – The institutionalisation and maturing of the cryptocurrency and digital assets world is taking place – at present this is primarily happening through investment professionals moving from traditional finance and setting up their own cryptocurrency funds. But increased allocations from institutional investors are also expected to follow as the long-term outlook for the sector looks robust, volatility notwithstanding.
Niclas Sandstrom, CEO & co-founder of Hilbert Capital, assesses the development of the industry through people moves: “Many of my colleagues, myself included, came from traditional finance, hedge funds or investment banks. This movement is a good thing because, although there are also people coming from
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