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BMLL Technologies, a provider of data and analytics services to banks and brokers, to asset managers, global exchange groups, hedge funds and quants, has added two Sales Directors to its team.Read the full story at Institutional Asset Manager…
IntegriDATA, a FinTech software vendor, has launched Wire Chains, a revolutionary new feature that expedites dependent wire processing for its CashWire Payment System (CashWire). Wire Chains allows investment managers to quickly create a series of dependent wires that automatically execute in sequence as cash moves throughout the chain, helping them make complex payments with ease.
“Wire Chains brings advanced automation to CashWire, streamlining sequential payments into a single fluid action,” says Ted Haslam, Treasury Product Manager at IntegriDATA. “We’re excited to offer our clients a new way to process payments faster and easier than ever before.”
Alternative investment managers often move
GTCOM Technology Corporation (GTCOM-US), an alternative data fintech firm providing firms with smarter insights into China, is to become the first Asia-pacific alternative data provider on Bloomberg’s alternative data catalogue.The company will be providing sentiment data derived from its proprietary big data engine, giving Bloomberg Data License clients unique access to sentiment data from China to help drive alpha within their trading strategies.
The sentiment analysis of 5 popular buckets, including Global Luxury Brands, the Technology Media Telecom Sector, as well as a Russell US 3000 Aggregate category will be updated daily on Enterprise Access Point. GTCOM-US’s data is
The rate of new hedge fund launches grew between April and June following the coronavirus-fuelled first quarter slump, as hedge fund performance recovered – but the number of new roll-outs over the past 12 months remains “historically low”, Hedge Fund Research says.
New hedge fund launches totalled an estimated 129 in the second quarter. That number was a sharp increase on Q1 which proved the highest quarterly launch total since 153 funds were rolled out in Q2 2019, according to HFR’s latest Market Microstructure Report.
But the number of estimated fund launches during the preceding four quarters reached just 404
The CFTC has ordered JPMorgan to pay a record USD920.2 million, the largest amount of monetary relief ever imposed by the CFTC, to settle charges of manipulative and deceptive conduct and spoofing.Read the full story at Institutional Asset Manager…
AKJ Crypto (AKJC), a provider of trading and infrastructure solutions for fund managers trading in digital assets, has made its first “Shareout” distribution to investors in AKJ Token.AKJ Token is one of the few tokens within the crypto universe that already generates sufficient production to pay a Shareout, or ecosystem distribution, and generate yield for token investors. As described in the AKJC whitepaper, token investors in the AKJ Crypto ecosystem may receive up to 25 per cent of net revenues generated across several lines of business, including fund infrastructure, trading, and capital allocation. Capital allocation occurs through the AKJ Digital
Backstop Solutions Group has launched Capital-Raising Dashboards, the newest add-on module within its suite of products for alternative asset managers.Backstop says its new offering introduces an ‘unprecedented level of self-service dashboard configuration capabilities’, bucking the industry norm of requiring users to submit a ticket for each instance of their pipeline views, which can take developers weeks, or months, to fulfil. In addition, capital raising teams will also now have immediate access to embedded analytics, with the ability to create new visualisations of data on the fly.
“At Cheyne, we have always invested in the highest-quality systems and technology to
The Managed Funds Association, the global alternative investment industry trade group, has elected and appointed eight new members to its board of directors.
The new members are Eric Epstein, president, managing member, Davidson Kempner Capital Management; Gil Raviv, global general counsel, Millennium Management; David Zirin, chief operating officer at Pentwater Capital Management; and Peter Cherecwich, executive vice president, Northern Trust – along with Natalie Horton, global head of capital markets financing and Americas head, global markets financing at UBS; Steve Meyer, executive vice president, head of global wealth management services at SEI; Cedric Pauwels, North American head of equities and
OptionsLive, a new OpenFin-powered trading platform for US listed options has launched providing high levels of ‘transparency, insight and execution quality’.
Read the full story at Institutional Asset Manager…
Emerging market debt-focused hedge funds are staying patient amid “weaker alpha environment” – here’s why…
Emerging market debt-focused hedge funds are staying patient amid “weaker alpha environment” – here’s why…