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Pico, a provider of technology services for the financial markets community, has launched a new managed colocation facility at Chunghwa Telecom’s CHT Taipei IDC in Banqiao, New Taipei City. Pico is providing its own local Intellihands service in CHT Taipei IDC as well as for the Taiwan Stock Exchange (TWSE) data centre. Connectivity to TWSE, Taiwan Futures Exchange (TAIFEX), and the Taipei Exchange (TPEx) will be offered in the future to clients hosting in CHT Taipei IDC.
In March 2020, 24-hour continuous trading on Taiwan’s stock market came into effect, replacing the call auction trading method. Pico responded by introducing
Cryptocurrency trading specialist Huobi has reported trading volume of USD877.8 billion in the first six months of 2020.Interestingly, Q1, which was a good quarter for the cryptocurrency space, has been matched by Q2 on Huobi despite the second quarter being impacted by a major bitcoin market collapse.
For Q1, unilateral trading volume totalled USDF444.2 billion while Q2 was USD433.7 billion. Even though Q2 was characterised by a market drop and thensideways trading, the transaction volume saw no significant decline.
Huobi only recently launched its own perpetual swap product, but it has been an instant success, keeping up with, and sometimes
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2020 measured 1.82 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.55 per cent in August.
“SS&C GlobeOp’s Capital Movement Index for August 2020 rose 0.55 per cent, indicating positive net flows. On a comparative basis, the 0.55 per cent gain was higher than the 0.45 per cent increase reported for the same period a year ago and was also the largest net inflow for any month of August since 2016,” says Bill Stone, Chairman and Chief Executive Officer, SS&C
Cambrian Asset Management (Cambrian), a quantitative investment firm specialising in liquid digital assets, has appointed Tony Fenner-Leitao as President. Fenner-Leitao, a veteran of the hedge fund industry, has held several prominent business development and strategic positions, including a role as Chief Executive Officer of Winton Capital, one of the largest quantitative investment firms in the industry.
Fenner-Leitao’s appointment follows Cambrian’s recent announcement of the closing of its first equity round. Last month the firm raised USD4.2 million in seed equity from notable technology and quantitative investors, including Howard Morgan, Co-founder, Renaissance Technologies, Tano Capital, the Family Office of the founding family
Larger hedge funds’ performance in 2020 remains “significantly” below industry averages, according to new industry stats, suggesting that bigger may not necessarily be better when it comes to managers recouping losses suffered earlier in the year.
The ten largest hedge funds reporting to eVestment remain some 4.61 per cent in the red year-to-date, despite posting a 1.31 per cent gain in July.
In contrast, hedge funds overall are now flat for the year, at 0.00 per cent, having registered a 3.43 per cent rise last month to successfully claw back losses suffered in H1.
“Size appears to be something of
Hedge funds betting against Asos have seen their positions squeezed as the online fashion retailer’s share price surged further this week following upgraded profit forecasts.
Cristina Bastin, portfolio manager of Muzinich & Co’s Asia Credit Strategies, comments of the outlook for the Chinese credit market…
SteelEye, a compliance technology and data analytics firm, has partnered with Margin Reform, a management and information technology consultancy in the margin, collateral, and legal space, to support the consultancy’s clients with compliance and regulatory reporting solutions. Margin Reform will offer SteelEye’s RegTech suite to its financial clients as they address the challenges of the evolving regulatory landscape.
“With increasing regulations, and marketplaces such as the CME and Deutsche Börse about to close their reporting businesses, there has been a significant increase in the demand from affected clients seeking automated solutions to properly handle their regulatory reporting and other compliance requirements,”
JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, has made management changes in the institutional brokerage division at JMP Securities. Read the full story at Institutional Asset Manager…
Recession-hit UK now a “difficult sell” for investors, with potential concerns for hedge funds
Recession-hit UK now a “difficult sell” for investors, with potential concerns for hedge funds