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THETA, a specialist provider of buy-side trading technology as a service, has appointed Peter Meddemmen as its Chief Technology Officer. Industry leading technologist, Meddemmen has more than 30 years of experience in Capital Markets managing technology for multi-asset solutions across the full order-execution life cycle, including front to back workflows, risk, security, legal and regulatory framework.
Meddemmen joins THETA from Bloomberg, where he held several senior positions in the Trading Solutions team since 2007. Previously, Meddemmen held CTO positions at City Index and GL Trade (acquired by Sungard in 2009). Earlier in his career, Peter was the VP for technology at
A total volume of 10.1 TWh was traded in EEX’s intraday power markets in January 2020, a 46 per cent increase year on year. The Austrian, Belgian, German continuous, French, GB continuous and Dutch spot markets all registered record volumes, which made it possible to pass the 10 TWh mark for the first time.
The power derivatives markets reported a double-digit growth with the Hungarian market doubling its volumes to 16.1 TWh and French futures increasing by 92 per cent.
At 179.5 TWh, the US power futures continued their strong development and increased by 57 per cent compared to January 2019.
Mindful Wealth, an Asset Management company with around US$600 million under management, has successfully completed the VCC Pilot Programme with the Monetary Authority of Singapore (MAS) and re-domiciled one of its funds, Avenida CLO Equity Fund, from the Bahamas to Singapore. MAS has recently introduced a new Variable Capital Companies (VCC) framework to provide a new corporate structure for investment funds which seeks to facilitate the co-location of fund managers’ substantive fund management and domiciliation activities in Singapore. VCC is constituted under the Variable Capital Companies Act. After MAS launched the VCC framework, it has been running a pilot programme for
Convertible bond arbitrage strategies may hold half of the reported short positions in Tesla, as short bets against the electric carmaker remain resilient despite its market value roaring past USD150 billion this week.
City law firm McCarthy Denning has appointed Justin Conway, a pan-European Special Situations and Credit Trading lawyer, as a Partner in its Banking & Finance Department.
Cowen has entered into an agreement to cooperate with Global Prime Partners (GPP) to transition GPP’s International Prime Brokerage business to Cowen. Cowen and GPP will work together to implement this transition efficiently and with a commitment to best serve GPP’s clients and personnel, as well as maintain the level of services current GPP clients have come to expect.
As part of the agreement, Cowen has hired GPP’s prime brokerage team, including personnel from the sales, operations, client service, onboarding and trading teams. GPP will also provide Cowen with Custody, Clearing and other related services. Additionally, Cowen will acquire from GPP
AiX has launched what it says is the world’s first natural language Artificial Intelligence (AI) broker platform, facilitating automated peer-to-peer trading in institutional over-the-counter (OTC) markets.AiX aims to transform OTC markets through its unique AI-driven negotiation and matching engine, executed through the AiX chatbot, which enables instant access to global liquidity, immediate price discovery, best execution and automatic settlement while ensuring anonymity. Facilitated through natural language processing and cognitive reasoning, the AiX chatbot serves the role of a human voice broker but uses technology that allows it to process thousands of orders accurately at a fraction of the cost for the end-user.
Initially live in global cryptocurrency markets, AiX’s first negotiated
Truss Edge, a specialist technology platform for ETF and hedge fund operations, has updated its true STP Safari platform, which grew out of the operational and reporting needs of a large macro hedge fund, and now serves the front, middle and back office automation requirements of both hedge funds and ETFs.

GMEX Group (GMEX), a specialist in digital business and technology solutions for exchange and post-trade operators, and Digital Partners Network (DPN), have launched the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX).SECDEX is a fully regulated, multi-asset, hybrid (both traditional and digital) exchange which aims delivers seamless trading, clearing and settlement by combining the market infrastructure experience of GMEX, as a founding shareholder, with the professional services of DPN, as a co-founding shareholder.
These include specialist legal, finance, compliance, corporate structuring services and investment opportunities through a tokenised digital fund.
This means that in addition to the listing of traditional securities
Leucadia Asset Management, has formed a strategic relationship with Dymon Asia Capital and made an investment in the Dymon Asia Multi-Strategy Investment Fund. In connection with the transaction, Leucadia Asset Management will acquire an economic interest in certain of Dymon Asia Capital’s strategies. Dymon Asia Capital is a leading Asia-focused alternative investment management firm managing strategies across public and private markets globally.
The new fund will invest in Asian equities, currencies and bonds through 26 of Dymon Asia Capital’s portfolio managers. In addition to being a cornerstone investor in this new fund, Leucadia Asset Management will provide certain services to Dymon
