Latest News
European software investor Hg is to acquire stakes from Keensight Capital and Pléiade Venture in smartTrade Technologies (“smartTrade”), a specialist in multi-asset electronic trading solutions, headquartered in Aix-en-Provence, France. David Vincent, CEO & co-Founder, and the smartTrade management team will remain invested in the business alongside Hg.
smartTrade is a managed services and hosted software provider for trading desks. It’s liquidity management solutions enable banks, brokers and hedge funds to proprietary trading desks to develop and run high-performance trading platforms throughout the world. The business has expanded rapidly in recent years and today has a global client base, with subsidiaries around
Metronome Capital, the London-based long/short equity manager led by former Lehman Brothers banker and Parvus Asset Management partner Sharif el Khazen, is flying high – powered by a mix of long conviction trades in European luxury brand names and a cluster of short bets on assorted declining sectors.
Small cap equity specialist, Granahan Investment Management (GIM), has launched the Granahan US SMID Select Fund on the Granahan Funds plc platform. A seed client has invested nearly USD100-million.
JTC has appointed Greg Kok as Head of Group JTC Management Company (ManCo) Services as the firm looks to continue to grow and develop its global ManCo and alternative investment fund management (AIFM) proposition.Based in Luxembourg, Greg will in his new role oversee the effective delivery, growth and evolution of JTC’s global ManCo platform and add to the technical resources for real estate, private equity and UCITS fund manager clients.
JTC has had a ManCo platform in Luxembourg, one of the first Luxembourg-based independent management companies to comply with the Alternative Investment Fund Managers Directive, since 2016 and in Guernsey
A growing number of investors require hedge funds to build environmental, social and governance (ESG) elements into their investment processes – with traditional risk-return metrics being overhauled to include ESG factors, a wide-ranging industry study has found.
TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. This is being implemented to support increasing client demand for flexible access to premium content by broadening data distribution channels to Microsoft Excel, web portals, mobile apps and Symphony apps, supplementing TP ICAP’s Data & Analytics division’s existing channels to market.
TP ICAP is a global firm of professional intermediaries focused on the world’s financial, energy and commodities markets.
Designed to enhance the firm’s overall data distribution capabilities, MDXT has been seamlessly integrated with TP ICAP’s Data & Analytics division’s core infrastructure to collect real-time data for
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.
