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McKay Brothers International (MBI) has expanded its lowest known latency market data services to India. The Quincy Extreme Data (QED) service now distributes select London Metals Exchange data at Mumbai’s Banda Kurla Complex (BKC) in less than 51milliseconds one-way.
In addition, MBI offers select Aurora, Illinois-sourced Metals, Energy, and FX futures data at BKC in less than 85 milliseconds one-way, the lowest known commercial latency.
Francois Tyc (pictured), MBI Managing Director: “The growth of Indian markets has been bolstered by an active community of local traders and has attracted substantial interest from global firms. Access to the lowest latency market
Avelacom, a high-performance global connectivity and IT infrastructure provider for the financial services industry, has enhanced its high-speed network performance and joined Hong Kong Exchanges and Clearing Limited’s (HKEX) ecosystem of network service providers to offer the market’s lowest latency route between London and Hong Kong.
To facilitate essential low latency access to HKEX markets for financial services firms across Europe, the Americas and APAC, Avelacom has added another point of presence (PoP) in Hong Kong at HKEX’s colocation data centre. The new POP will allow the setup of broker-neutral, low latency connectivity to the HKEX trading environment. This is
A subsidiary of Athora Holding (Athora), a specialist insurance and reinsurance group with consolidated assets of approximately EUR15 billion has selected SimCorp Dimension to support its back-office operations with accounting, financial and regulatory reporting across the European markets.
An established insurance and reinsurance group, Athora has a firm focus on the European insurance market, with its principal operational subsidiaries in Belgium, Germany, Ireland and Bermuda. The decision to optimise its investment operations with SimCorp Dimension as-a-service, will facilitate increased automation across invested asset classes, all in one core system. The selection will support Athora with greater operational efficiencies, enabling it
Just under two months out from the 2018/19 tax return submission deadline, KPMG is warning offshore fund investors to check their tax reporting, before HMRC does.
Tax reporting for offshore fund investments is a complex area that even wealth managers and tax advisors may have difficulties with. As a result, HMRC is now paying extra attention to check people are getting it right, the consequences of getting it wrong can be severe and fall to the end investor, not their adviser or fund manager. If an investor is found to have misreported, HMRC may be able look back as far as
A total of 16 National Numbering Agencies (NNAs) have now signed up to a voluntary initiative which maps new and legacy ISINs to their corresponding LEIs.
The initiative is joint undertaking between Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF).
Set up to improve transparency and aid risk and exposure management by bringing these two ISO standards together, the ISIN to LEI linkage service went live on 4 April this year, and already there have been over 4.5 million ISIN records linked to 64,000 unique LEIs. Sixteen NNAs have joined the ISIN-to-LEI Mapping initiative
New London-based investor, Inspirit Capital, is to focus on acquiring and transforming small and medium-sized businesses that are experiencing strategic, operational or financial complexities.
Inspirit Fund I successfully hit its GBP50 million hard cap attracting committed capital from a select group of blue-chip institutional investors for investment in UK headquartered businesses. This comes at a time when domestic and global market dynamics, as well as the political backdrop, are impacting many UK businesses, which in turn is creating an interesting environment for special situations investors.
Despite this opportunity, the number of special situations investors operating with committed capital in
Accelerate Financial Technologies (Accelerate), a provider of institutional-caliber hedge fund and private equity ETFs for investors seeking long-term performance, has appointed Fred H Mannix, CIM, as Vice President, Investment Management.
“We’re pleased to have Fred join team Accelerate as an officer and shareholder,” says Julian Klymochko, CEO of Accelerate. “Fred will be substantially accretive to the Company by bringing his vast network, unique insights and notable experience running bottom-up, value-based long/short equity strategies on a proprietary basis.”
Mannix’s priority will be to drive Accelerate’s Standard Wealth division, which will offer unique traditional and alternative investment solutions for Canadian, US and
The European Energy Exchange (EEX) has welcomed an initiative by the German gas market area manager NetConnect Germany (NCG) to support derivatives trading on German natural gas markets by means of an incentive scheme.
Promoting futures market liquidity will improve hedging opportunities for traders and increase attractiveness for long-term investments in Germany.
For the second year, NCG is tendering market making services, using a volume-based model. As part of the first tender for contracts for the first half of 2020 interested parties are being asked to submit their bids by 29th November 2019, 12:00 am, to NCG. The bidders with
Hedge fund managers kicked off the fourth quarter on a positive note following a flat Q3, with the equal-weighted index up 0.40 per cent and the asset-weighted index up 0.82 per cent in October, according to data released by Eurekahedge.
The resumption of the US-China trade talks provided support for global equity and bond markets throughout the month. Returns were positive across major regions and strategies over the first ten months of the year.
Hedge fund launch activities continued to lag behind fund closures, as the global hedge fund industry is on track to record a fourth consecutive year of
Capco, a global technology and management consultancy dedicated to the financial services industry, has announced the launch of a new Prime Brokerage Consulting offering.
Prime Brokerage Consulting will support prime brokers as they navigate ongoing regulatory change, implement their data and digital transformation agendas, and undertake internal projects including vendor selection and target operating model projects.
Anthony Bennett has joined Capco’s Capital Markets practice and UK leadership team as an Executive Director to lead the new initiative.
Formerly Global Head of Prime at KPMG Consulting, Anthony brings 20 years’ experience building and managing prime brokerage platforms at leading global banks,
