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Horizon Software announces outsourcing contract for market making on the Hellenic Energy Exchange Market.PPC, a leading energy supplier in Greece, is now able to market make energy futures on the Hellenic Energy Exchange (HEnEx) leveraging the infrastructure of an existing Horizon Software client, Eurobank.
PPC recently decided to start market making energy instruments on the sole energy exchange entity of Greece, HEnEx, for which they needed a robust solution for reduced latency and increased connectivity.
Alexandra Psyrri, Head of Market Making Unit at PPC, says: “We were preparing to start market making energy futures and went through a
Intercontinental Exchange has launched ICE Select, an application which provides connectivity to the entire ICE Fixed Income ecosystem, including the ICE Bonds execution platforms and ICE Data Services evaluated pricing and analytics. ICE Select has also been integrated with leading order management systems, enabling further integration into important trade desk workflow. Customers will also have access to liquidity and execution protocols from ICE Bonds via the ICE ETF Hub later this year.
“At a time when the industry is experiencing more day-to-day volatility, complexity and uncertainty, our customers need sophisticated trading tools that provide access to liquidity across fixed income markets,”
As with all companies, Covid-19 has presented a unique set of challenges to Opus, the fast-growing global fund administrator. But when Opus implemented its business continuity plan, it was more than just business as usual. The firm delivered 87% of its client NAVs earlier than expected – at a time when managers were under intense pressure from investors to report returns. Hedgeweek spoke to Opus CEO Robin Bedford about the short-term challenges to operational processes and the implications for the future…
How did the plan to deliver early NAVs come about?
In the first weeks of the lockdown, the markets
The trend towards responsible investing and ESG is likely to maintain its momentum despite the potentially far-reaching impact of the coronavirus crisis, according to new research by Man Group.
Surprised by the increasing popularity of exchange-traded funds? Curious about incorporating them into your or your clients’ portfolios? Help shape the world’s conversation on ETFs at etfLIVE Europe, 19-21 May, 2020.
Bitfinex is to integrate Xangle’s real-time data feed Xangle T!icker into its the Bitfinex Pulse networking platform.The Xangle T!cker allows users to view in real-time the latest disclosures published by more than 600 crypto projects tracked by the service. Bitfinex Pulse, a social networking platform enabling traders to connect with each other in a professional environment, has integrated the service as part of its aim to provide traders with a unique, real-time social networking platform for traders.
Xangle offers its ticker solution to exchanges, media outlets and browser service providers, and has plans to expand its service to more service
Asset Value Investors (‘AVI’) has hired Jason Bellamy, President and CEO of Bellamy Corporation, as its consultant to lead on the company’s engagement efforts in Japan. AVI is the investment manager of both AVI Japan Opportunities Trust (“AJOT”) and AVI Global Opportunities Trust (AGT), which employ a balanced approach to activism in Japan following the trend towards improved corporate governance in the country. Across AJOT and AGT, AVI has GBP380 million (JPY50 billion) invested in Japan.
Based in Tokyo, Bellamy will focus on developing and sustaining strong relationships with the management of AVI’s investee companies as well as affiliated shareholders. He
Baymarkets, a provider of independent post-trade clearing systems, has announced a joint business relationship with PwC Switzerland to deliver global post-trade and clearing solutions.The joint business relationship will combine the practical know-how, experience and skills of both companies to design, implement, deliver and operate post-trade and clearing solutions to the highest standards in the financial markets. This includes the Baymarkets ‘real-time clearing’ Clara platform; deep knowledge and first-hand experience of providing both exchange and OTC trading and clearing technology, across multiple asset classes; and the expertise of PwC Switzerland in the project management, rulebook creation, regulatory applications and operational routine
Hedge fund managers were down 6.00 per cent in March, outperforming global equities which languished 13.99 per cent over escalating COVID-19 outbreak concerns. Around 80 per cent of the hedge fund managers tracked by Eurekahedge were able to outperform the global equity market during the month.
Fund managers utilising long volatility and tail risk strategies, which are known to provide crisis alpha and tail risk protection have returned 36.5 per cent year-to-date. Among the more traditional hedge fund strategies, CTA/managed futures funds were up 1.90 per cent in Q1, outperforming other major strategies for the year.
DASH Regulatory Technologies – a regtech-focused affiliate of capital markets technology and execution services provider DASH Financial Technologies – has launched DASH 360R, the next-generation of its industry-leading LDB platform for US regulatory capital calculation and reporting compliance. The suite is available in both fully SaaS-based and on-premise deployment options, giving broker-dealers a choice between the scalability, security and flexibility of the cloud or the complete control offered by local deployment.
In the US, broker-dealers are required by the SEC and FINRA to maintain specified levels of capital, and to be able to demonstrate moment-to-moment compliance with the SEC Net
