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Cryptocurrency trading specialist OKEx is expecting to double its staff in the next two years.The company says the development of the crypto sector has been accelerated by the coronavirus pandemic with Blockchain.com reporting steady growth growth in confirmed daily transactions since March to around 250,000 per day. Total trading volume on major bitcoin exchanges reached USD684.4 million in March.
“This is an exciting time for OKEx, we plan to open new offices in more regions to better serve our users, and we’ve already started recruiting passionate blockchain professionals to grow and prosper together. We expect a 100 per cent increase
Long-running multi-manager hedge fund Brummer & Partners’ flagship vehicle has generated gains across its equity, credit, macro and relative value strategies, as equities rose last month amid hopes of a global economic recovery.
Algebris Investments, a London-based multi-strategy credit and equities-focused hedge fund manager, is staking out alpha opportunities across a range of stressed credits which stand to gain from a resumption in activity post-lockdown.
Lyxor Asset Management has appointed Kunjal Shah as Chief Investment Officer of its US-based subsidiary, Lyxor Asset Management Inc (Lyxor Americas).
24 Exchange, a multi-asset class, 24-hour trading platform, has appointed Tim Cartledge and Steve Resnick to its Board of Directors, taking the total number of members to five. In addition, the company has created a Board of Advisors and appointed Jose Marques and Marty Pompadur as its first two members.
Dmitri Galinov, CEO and founder of 24 Exchange, says: “We are very excited to have both Tim and Steve join our exceptional Board of Directors. Tim is a recognised pioneer of the Foreign Exchange industry, with senior management roles at the top sell-side institutions and extensive work in electronic trading. The Board
The European Energy Exchange (EEX) has achieved another milestone in its Freight business by gaining the majority share of volume in the total Dry Freight market for the first time since launching the business in 2016. Throughout the month of May, EEX reported a 50.5 per cent volume share of the Dry Freight market (19 May: 3.48 per cent) in addition to a 54 per cent share in Open Interest (19 May: 7.73 per cent) thereby becoming the market leader as the No.1 Exchange in Dry Freight Trading worldwide.
Steffen Koehler, Chief Operating Officer, EEX, says: “In 2016, EEX entered the Dry
Tollymore Investment Partners (Tollymore), a private investment partnership for long term investors, has generated returns of 19.9 per cent per annum gross since inception in May 2016. This includes a return of 8.9 per cent per annum gross in 2020 YTD despite significant market turmoil.Tollymore highlights that GBP1 invested at inception would be worth GBP2.08 today, after expenses but before fees paid to Tollymore. Over the same period GBP1 invested in the MSCI All Country World Index would have generated a return of 60p. Around two thirds of this benchmark outperformance, and around 85 per cent of the absolute investment result, would have
Style Analytics, a provider of factor-based portfolio and market analytics tools for investment professionals, has launched a new tool in investment management for instant comparison of funds on a wide variety of metrics.The new Similyzer tool uses fund holdings to measure how similar thousands of investment vehicles are to one another, helping investors make detailed comparisons on factor exposures, historic performance, risk measures and more.
Asset Managers can use Similyzer to identify uniquely differentiating aspects of their own funds, to assess all competitors’ strengths and weaknesses and to examine crowding in equity styles. Asset Owners and Consultants can use Similyzer
Tokenise Stock Exchange (Tokenise), a global fully-regulated digital securities exchange, has collaborated with GMEX Technologies Ltd (GMEX) to launch a regulated digital exchange.The partnership, established in September 2019, has now delivered a live digital exchange platform to support securities issuance, trading, surveillance, clearing, settlement and custody. The end to end solution for issuers and investors ensures regulatory robustness and adherence to exacting exchange-trading standards.
While operating out of London and the Caribbean, Tokenise is licensed in Barbados – a regulatory friendly jurisdiction when it comes to digital securities. The exchange aims to lead the way for the next generation of capital
Financial communications compliance provider NICE has integrated its Trading Recording System (NTR) on the Microsoft Teams platform to drive the digital transformation of financial services.
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