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Independent outsourced trading solutions firm Outset Global (outsetglobal.com) has appointed Edward McCabe as a Managing Director in the firm’s New York office.
McCabe brings with him a wealth of specialist knowledge in trading equity markets and extensive buy-side experience, which is key for Outset’s offering. He is the third senior hire for Outset Global in 2020 as the independent outsourced trading space continues to garner wider appeal.
McCabe’s 20 years of buy-side experience include a vast range of specialised roles beyond most professionals in the field. He has served in capacities ranging from running a startup (“Tiger cub” – Long
Metaverse, the public and open-source blockchain protocol which provides digital identities, oracles, and smart contract network, is listing its native Metaverse Dualchain Network Architecture token (DNA) on popular crypto exchanges Bittrex Global and OKEx.
Founded by CEO Eric Gu, original co-founder of NEO, and CTO Chen Hao in 2016, Metaverse officially launched its blockchain in February 2017. Metaverse’s vision is to build a network of smart properties on the blockchain, alongside a decentralised exchange for smart contracts and secure infrastructure.
DNA tokens are part of a parallel chain developed by the Metaverse Foundation. The DNA chain uses a novel
Deutsche Bank has agreed to pay over USD10 million to settle two Commodity Futures Trading Commission (CFTC) enforcement matters.In the first matter, Deutsche Bank resolved federal court charges stemming from alleged violations of various swap data reporting and other regulatory violations. In the second matter, the CFTC issued an administrative order against Deutsche Bank Securities Inc. (DBSI), filing and settling charges that two of DBSI’s traders engaged in spoofing. According to the order, DBSI manually placed bids or offers on the Chicago Mercantile Exchange (CME) with the intent to cancel those bids or offers before execution, an illegal practice known
Truss Edge, a dedicated technology and advisory firm serving the global fund management industry, has launched further improvements to its service.The new improvements focus on cash functions within fund management middle offices and illustrate the importance of the cash operations within an asset management business. Key areas of focus include cash reconciliation, including settlement matching intelligence and better cash use projections for trading desks.
All the updates are part of the latest update from Truss Edge and are available immediately to existing Truss Edge clients.
Jay Duffy, CEO of Truss Edge, says: “Managing cash requires that funds have clarity on
The second day of this year’s hedgeweekLIVE North America digital summit featured a lively discussion on fee structures – a perennially-thorny issue in the global hedge fund industry – with panelists delving deep into the emerging trends in incentives and fee models, and exploring the ways in which start-up hedge funds can better align their interests with those of investors.
Wells Fargo’s alternative investment feeder fund platform, which supports a full suite of alternative investment solutions including hedge funds and direct private investments, is to be acquired by iCapital Network.Read the full story at Wealth Adviser…
With long-term volatility likely to remain at elevated levels, the LFIS Vision UCITS – Perspective Fund is primed to capitalise on opportunities in rangy equity markets.
The fund – which is run by Edouard Laurent-Bellue, partner and head of fund solutions at the Paris-based quantitative investment manager – allocates to traditional credit and equity assets, while also taking a “fresh look” approach at the established model of multi-asset investing.
The Perspective strategy’s carry and contrarian approach, built around strict allocation and risk management guidelines and limited idiosyncratic risk, has helped it not only weather 2020’s turbulent environment but also demonstrate
An new tool by DailyFX is allowing traders and analysts to get an instant snapshot of global market performance. Market Health allows traders to get a complete picture of global markets and indices in a single place. The free tool provides an instant picture of global market performance, currency strength and exchange opening and closing times.
Using data from Quandl, Market Health allows users to take a macro look at global markets and indices including the Dow Jones, S&P 500, FTSE 100 and DAX 30 to help formulate and deliver on trading strategies.
Split between three main viewpoints, users can easily
Financial technology exchange BTSE and digital asset trading platform Bitfinex have announced a cross-listing of the BTSE and UNUS SED LEO utility tokens in a move that will increase inter-exchange settlement functionalities on both platforms. UNUS SED LEO exists on the ethereum and EOS blockchains, enabling token holders to convert between ethereum and EOS using Bitfinex as a bridge between the two protocols.
As the first exchange token running on Liquid, the BTSE token is carefully designed to augment the user experience on the exchange and within the BTSE ecosystem. Its addition to the Bitfinex platform provides the exchange’s growing user
The impact of the Covid-19 crisis on cybersecurity, and the challenges of remote working on start-up hedge funds’ business operations, proved a key theme at this year’s hedgeweekLIVE North America event, ‘Managing a Start-up or Emerging Hedge Fund in 2020’.
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