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BnkToTheFuture, a global online investment platform and digital asset securities business, is moving its clients’ assets to new trust partner, First Digital Trust (FDT), to provide additional protections to client funds.
Linedata, a provider of credit and asset management technology, data and services, has partnered with analytics platform Invisage to help global hedge funds and asset managers streamline investment research costs in the post-MiFID II environment.Linedata’s global fund manager clients can now track the performance of research using Invisage’s solution, helping reduce spend on research under MiFID II rules and informing investment strategy to better generate alpha.
Under MiFID II rules requiring fund managers to ‘unbundle’ investment research costs, budgets set aside by firms for research have fallen by 20 per cent to 30 per cent, according to the FCA,
IHS Markit has integrated its multi-asset class investment management platform thinkFolio with Investor Access.Read the full story at Institutional Asset Manager…
ECXX Global is to launch a blockchain-based digital securities exchange platform ecxx.co, having secured RMO Sandbox approval as a Recognised Market Operator (RMO) from Monetary Authority of Singapore (MAS).
Avelacom, a high-performance global connectivity and IT infrastructure provider for the financial services industry, is launching its low latency network, market data and Infrastructure-as-a-Service (IaaS) solutions for market participants on B3, Brazil’s stock exchange. B3 traders will be able to access high capacity trading link options and IT resources, with better control of Total Cost of Ownership (TCO), without any compromise in data speed.
With increased trading volumes and rising volatility, buy- and sell-side firms need improved connections, to manage their costs and be confident in the robustness of network systems.
Avelacom’s ready-to-go infrastructure facilitates this without the need
International law firm Proskauer has released released its 2020 SPAC IPO Study which reveals that from 2016 through 2019, SPAC IPOs have been on the rise in terms of both absolute number of deals and gross proceeds raised. Based on the first half of 2020, this year is on track to surpass 2019 on both measures.
The study, which examines data from 95 Special Purpose Acquisition Company (SPAC) IPOs priced from January 2016 through June 2020, representing over half of the SPACs listed on US exchanges, also says that through the first half of 2020, there has been a notable uptick
Brummer & Partners, a Stockholm-based multi-strategy hedge fund firm, continued to generate positive performance as markets moved into the second half of the year, notching up gains across its trend-following, equity, credit and relative value strategies in July.
The Brummer Multi-Strategy multi-manager fund – which invests in a range of single-strategy hedge funds – gained 1.1 per cent in its SEK share class, and 1.2 per cent in its USD class, during July. Year-to-date, the fund has now advanced 3.8 per cent.
The Brummer Multi-Strategy 2xL (BMS 2xL) was up 2.2 per cent in both SEK and USD classes in
Huobi Asset Management (Hong Kong), the wholly-owned asset management subsidiary of Huobi Technology Holdings, has been granted with Type 4 (advising on securities) and Type 9 (asset management) licenses by the Securities and Futures Commission (SFC) to conduct the respective regulated activities.
The Company will focus on providing securities advisory and asset management services to professional investors, with the long term aim to build an integrated financial service platform to serve customers both from the traditional and virtual asset industry.
According to Elaine Sun, the Compliance Director of Huobi Tech: “We are delighted to get licensed and it marks a
Digital asset trading platform Bitfinex is offering a reward to persons that connect the exchange with the hackers responsible for the unauthorised transfer of almost 120,000 bitcoins from the exchange in August 2016. The hackers themselves will also be rewarded for returning the stolen property. A total reward pot of approximately USD400 million is available as part of the exchange’s efforts to reclaim the stolen property.
After the identity of the hackers is confirmed, the persons establishing contact with the hackers will be rewarded. The hackers will be paid upon return of the stolen bitcoin. Those who put Bitfinex in contact
GAM Systematic, the Cambridge-based quantitative investment management unit of Swiss-headquartered global asset manager GAM, saw its assets tumble in the first half of 2020 as investors withdrew CHF900 million (USD981.3 million).
