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Estera Bermuda’s Insurance-Linked Securities (ILS) team has sponsored the listing of the Hexagon II Reinsurance DAC notes.
The Hexagon II Reinsurance DAC listing is the third EU domiciled ILS deal on the Bermuda Stock Exchange (BSX) in 2019. It follows the Estera sponsored listing of EUR45 million Atmos Re DAC notes and GBP75 million Baltic PCC notes from Ireland and the UK respectively. To date, there have been six ILS notes originating from foreign issuers listed on the BSX in 2019. Estera has listed all the deals originating in EU and UK.
The Cover Group sponsored the Hexagon II
BNP Paribas Securities Services has taken a strategic stake in the capital of fintech AssetMetrix. The partnership will enable BNP Paribas Securities Services to expand and digitalise its services to private capital clients and investors.
By deploying AssetMetrix’s leading technology and web services within its private capital business, BNP Paribas Securities Services will give its clients access to powerful analytics and reporting tools dedicated to the analysis of non-listed investments (private equity and debt).
This will enable clients to optimise decision-making and enhance risk monitoring. Asset manager clients will also be able to provide their end investors with individual
AxiomSL, a provider of regulatory reporting and risk management solutions, has appointed Claudia Thurner as EMEA general manager.
An experienced financial technology leader, Thurner has extensive expertise in client relationship management and solution and service delivery. She joins AxiomSL from SmartStream Technologies where she led European and Latin American Sales and Global Strategic Accounts. Previously, she was at Thomson Reuters based in Europe, Asia, and the US where she specialised in risk management business and product development.
“We are thrilled to welcome Claudia to AxiomSL during this important expansion period,” says Alex Tsigutkin, Founder and CEO of AxiomSL. “Her proven
MTS, part of the London Stock Exchange Group, has launched the first designated electronic trading platform for Euro-denominated Cypriot government bonds.
The addition of Cyprus to MTS’s interdealer market, MTS Cash, increases the number of countries on the market to 21. From 18 November 2019, primary dealers will be able to electronically trade Cypriot debt on MTS Cash, which offers a liquid, transparent and efficient European bond marketplace with real-time pricing from its central limit order book. MTS has been operating electronic fixed income markets for 30 years, developing technological expertise in both government and corporate debt market operations.
Seven
Luminex Trading & Analytics, a buy side-owned trading venue delivering efficient, low-cost block executions, has added three veteran financial and technology professionals, spurred by growing engagement with the platform by its community of investment management firms.
Joshua Reed has joined as a Sales and Relationship Manager, Joshua Opper has joined as Director of Infrastructure and Robin Burr has joined as a Software Engineer.
Since its launch in November 2015, trading among Luminex’s participants has grown steadily, as the venue is fulfilling its promise as a destination dedicated to delivering low-cost block trading with minimal information leakage. In September 2019,
The Chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, has backed the Dodd-Frank Act’s whistleblower reward law, saying that the whistleblower program is an “invaluable component” to the Commission’s “enforcement efforts.”
In a detailed report to Congress issued on the same day, the Commission reported that “the whistleblower program continues to have a significant positive impact on the Commission’s enforcement efforts and protection of investors and markets.”
The SEC confirmed the whistleblower program’s “positive impacts,” including:
• “Whistleblower cases have resulted in over USD2 billion in total monetary sanctions, including more than USD1 billion in
JTC, a provider of fund, corporate and private wealth services to institutional and private clients, has appointed Erika Schraner as an Independent Non-Executive Director.
Schraner brings to the Board a wealth of experience and expertise in professional services, with particular strength in the areas of commercial development, M&A and technology. A dual Swiss-US national, Schraner obtained an MS & BA in Mathematics from EPFL Switzerland before going on to complete a PhD in Management Science & Engineering at Stanford University, USA.
Schraner began her post education executive career with IBM Corp in Silicon Valley and also worked for global
The Association for Digital Asset Markets (ADAM) has published a Code of Conduct (Code) to promote integrity, fairness, and efficiency in digital asset markets.
All ADAM members plan to sign the Code in early 2020 and adhere to its principles, and its release marks a necessary step for the industry to lead the way in setting high standards of conduct. The Code is intended to inform market participants on best practices and to complement, not replace, existing regulation, part of a long-term effort to define and promote ethical conduct by all digital asset market participants.
Established with a collaborative and
Activist hedge fund investors can deliver positive results for companies, according to new research from Columbia Business School’s Professor Wei Jiang, Arthur F Burns Professor of Free and Competitive Enterprise.
Examining the effects of hedge fund interventions specifically on corporate innovation, Jiang reveals that third-party interventions can actually increase the longevity and sustainability of a company’s innovation – particularly with inventors and inventions. Hedge fund activism leads to companies using R&D dollars more efficiently, contradicting commonly held beliefs that hedge fund activism focuses companies on unsustainable short-term goals.
“We can no longer say that third-party activism has a one-size-fits-all result,”
Tassat, a provider of financial technologies and products for traditional and digital asset markets and Blockfills, a specialist in digital asset electronic market making, trading and prime brokerage, are partnering to introduce an institutional Trade at Settlement (TAS) product for spot bitcoin (XBT/USD).
This product, which is expected to be available for trading in mid-December, enables institutions to submit block orders in bitcoin at defined price spreads from the mid-market, at three specific times during each day: 15:00 Hong Kong Time, 15:00 Central European Time (Paris) and 15:30 Central Standard Time (Chicago).
TAS, widely used in derivatives markets for other
