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INTL FCStone Ltd, the London-based European subsidiary of Fortune 500 company INTL FCStone Inc, is to deploy Eventus Systems’ Validus platform for market surveillance activities throughout the Europe, Middle East and Africa (EMEA) region. Building on last year’s adoption of the platform for futures market surveillance by the company’s US-based FCM subsidiary, the new agreement substantially expands the relationship not only geographically but also across multiple product types and asset classes, including futures, equities and fixed income.
The newly expanded implementation will be active within weeks, also leveraging the cloud-based version of Validus on a T+1 basis, replacing the current
Alpha Blue Ocean Advisors (Alpha Blue Ocean), an alternative investment firm specialising in providing innovative financial solutions for publicly listed entities, has appointed a new Chief of Staff, Marianne Tremblay.Tremblay joins Alpha Blue Ocean after a distinguished career at National Bank Financial, WealthBar Financial Services and Deltec Bank & Trust. She has extensive experience working with emerging companies in disruptive and innovative industries, such as biotech/life sciences, virtual reality, Blockchain, quantum computing and artificial intelligence. She was educated at John Molson School of Business (Bachelor of Commerce).
Pierre Vannineuse, the founder of Alpha Blue Ocean, says: “Marianne’s market expertise,
The trend towards outsourcing – a continually evolving sphere within the global hedge fund industry – is likely to have been further accelerated by the coronavirus pandemic, as managers embrace the ‘digital-first’ approach brought about by the coronavirus lockdown, speakers at this year’s hedgeweekLIVE North America digital summit said.
There is precious little to celebrate in the precipitous collapse of Wirecard, the German payments group whose shares have lost 90 per cent in a matter of days amid what now appears to be incontrovertible evidence of a massive and sustained fraud involving at least EUR2 billion of ‘missing’ cash.
But it’s also hard not to feel a slight sense of schadenfreude at the way in which the rapidly escalating scandal has erupted, given Germany’s deep-seated antipathy to hedge funds and the repeated efforts over the years by the country’s authorities to malign and ostracise hedge fund managers.
For corporate
The Fixed Income Division of INTL FCStone’s wholly owned subsidiary, INTL FCStone Financial has appointed Grant Garcia as Director, Structured Product Sales, effective immediately. In this role, Garcia will focus on covering asset manager, hedge fund and bank portfolio clients trading new issue and secondary agency mortgage and private-label securities.
Robert LaForte, Co-Head of Fixed Income at INTL FCStone Financial Inc, says: “As we continue to expand our structured product offerings, we will keep working diligently to build strong relationships with our customers so we can understand their unique needs. Grant’s extensive experience, expertise and understanding of our client-centric approach will
Exberry has launched its multi-asset class exchange infrastructure designed to enable traditional, alternative and digital asset exchanges to launch, pivot and scale.Exberry’s infrastructure has been specifically developed to help boost exchanges by delivering a blend of exchange and secondary market trading technology and expertise. Built over three years by a team of seasoned exchange technology experts with a proven software engineering heritage, Exberry’s infrastructure delivers exchange capabilities applicable to every asset class and capital markets opportunity.
Anticipating the potential of emerging digital assets and demand for alternative secondary market trading opportunities, Exberry’s infrastructure overcomes the limitations of current exchange technology.
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM) solutions provider, today extended its Reference Data Utility (RDU) Securities Financing Transactions Regulation (SFTR) service to include an API for firms requiring fast access to the technology and data needed to manage their reference data challenges – critical for meeting the ESMA SFTR reporting deadline of 13 July.With the addition of the API, firms have quick access to new tools to manage their SFTR compliance needs. This enables them to reduce implementation time for deploying the key components for sourcing accurate, comprehensive and easy-to-access reference data. Importantly, a speedy onboarding process allows
Crypto custody solutions provider Trustology has partnered with FCA-regulated, OTC broker, GCEX, to create a secure liquidity network backed by institutional-grade custody for digital asset trading amongst their client base of institutional investors, ultra-high-net-worth individuals and brokers.GCEX’s strategic partnership with Trustology is aimed at enabling customers to complete transactions at speed, but with added security improvements and access to secure custody, helping GCEX facilitate a thriving ecosystem of OTC brokers, institutions, and custodians.
“We’re delighted GCEX selected Trustology as their custody provider,” says Alex Batlin, CEO and founder of Trustology. “We’re looking forward to helping GCEX support their institutional investors across the
The Covid-19 pandemic’s impact on hedge fund redemptions continued in April as the industry experienced USD38.1 billion in outflows. While a sizeable sum, the net redemption total was less than half of March’s USD85.6 billion redemption total.April’s redemptions represented 1.3 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A positive note was a USD101.2 billion monthly trading profit fuelled by an April stock market rally, bringing total hedge fund industry assets to more than USD2.99 trillion as April ended, up from USD2.86 trillion at the end of March.
Chanos warned investors of a ‘speculative leg-up’ back in November
Chanos warned investors of a ‘speculative leg-up’ back in November