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Siebert Financial Corp (Siebert), a provider of financial services, has completed the acquisition of Weeden Prime Services (Weeden Prime), a prime brokerage services provider for hedge funds and family offices.
Weeden Prime is now a wholly-owned subsidiary of Siebert.
The acquisition of Weeden Prime will provide a new customer base of institutional clients as well as several strategic clearing relationships. Weeden Prime’s technology, including their Armor solution, will be added to Siebert’s technology portfolio.
In addition, there are substantial cross selling opportunities for the institutional and retail clients, including partnering with institutional clients to generate new product offerings for the
Forex trading solutions provider Integral has reported average daily volumes (ADV) across its platforms of USD34 billion in November 2019.
Integral says the no other platform reaches as many, as varied, and as comprehensive a set of FX products and participants as Integral OCX. Banks, brokers, and asset managers now share direct access to OCX and use this liquidity to win market share from their competitors.
OCX is directly cross connected with more than 250 liquidity sources supplying more than 3,000 market making streams in NY4, LD4, and TY3. OCX’s award-winning advanced market design delivers the ultimate in execution performance
TraderMade, a provider of FX research, data and charting applications, has signed a partnership with FINBOURNE Technology to make its data available on LUSID, an open investment data platform.
TraderMade data is available without charge as part of the 90 day free evaluation period available to all clients that sign up to LUSID.
TraderMade provides a source of daily closing FX rates for all major currency pairs for use within the LUSID platform to support investment management processes and analytics.
TraderMade’s data is fully integrated into the demonstration portfolios available via API when a customer signs up to LUSID. In
More than two-thirds (69 per cent) of asset managers claim that the data management systems and processes that they use today are not ‘very effective’ at supporting business and operational decision-making.
In addition nearly half of asset managers (45 per cent) said their organisation typically measures RoI on data management projects afterwards by carrying out an annual survey into how the business is performing to relevant quality metrics.
These were among the key findings of a recent survey commissioned by Asset Control, a solutions provider for financial data management. The survey also revealed that in terms of management priorities for
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered a total volume of 195.0 TWh in November.
With 127.6 TWh, the spot segment reported a 23 per cent growth compared to 2018 (November 2018: 103.9 TWh) and the fourth record month for the Austrian CEGH VTP since the begining of the year: 10.1 TWh traded in November 2019 (previous record in October 2019: 9.7 TWh). With 9.1 TWh, the Belgian ZTP also reached a new high in November (previous record: 8.5 TWh in March 2019).
Derivatives trading amounted to 67.4 TWh (November 2018: 89.4
FNY Investment Advisers (First New York), a multi-strategy investment firm, has implemented LiquidtyBook’s SaaS-based LBX Buy Side as its POEMS (portfolio, order and execution management system).
LiquidityBook’s platform provides a full range of order, execution and portfolio management capabilities, including real-time performance, full historical P&L, risk management, compliance and reporting. First New York is using LBX Buy Side to support its multi-asset trading workflow, which includes global equities, futures, options, FX and fixed income.
Before signing on with LiquidityBook, First New York worked with three separate providers for varying amounts of time, according to Sandro Polverino, Chief Technology Officer at
Adrian Lee & Partners (AL&P), an active currency and Global Macro Manager for institutional investors, has launched a Global Macro Alpha Fund, which seeks to generate consistent excess return through diversification of macro asset class, region and alpha source, while minimising risks and volatility.
The fund is comprised of three distinct portfolios: Global Equities, Global Fixed Income, and Currencies – a set-up designed to maximise independently expected asset returns and currency cross markets.
The investment process is founded on the exact same philosophy and methodology that generated the firms successful 28 year track record in active currency management for
Walter Global Asset Management (WGAM), the Walter Group’s private equity firm focused on asset management, has acquired a minority stake in Quadra Capital Partners (Quadra Capital) – an asset management firm specialising in alternative investments, with offices in London, Paris and Madrid.
“The Quadra Capital team has impressive experience and a proven ability to establish strong business relationships with prestigious clients in Europe, from large organisations to family offices,” says Sylvain Brosseau, president and CEO, Walter Global Asset Management. “Meanwhile, we will support Quadra Capital here in the North American market, particularly when it comes to developing these same types of
With 2020 on the horizon and fears of a recession looming, SkyBridge Capital Co-CIO Troy Gayeski explains why he believes the economy tied to the US consumer is still in good shape and what investors can do to maximise returns while protecting against a potentially more volatile market in the year ahead.
SkyBridge Capital – the 2019 winner of Hedgeweek’s best fund of hedge funds – serves a diverse pool of investors spanning institutions, accredited investors and sovereign wealth funds and for nearly 15 years, has used “alternative thinking” to generate long-term value and returns.
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Tiedemann Investment Group (TIG Advisors) has selected SS&C Geneva for portfolio accounting.
The New York-based alternative investment adviser says it selected Geneva for its comprehensive asset class coverage and the ability to handle complex fund structures. At its core, Geneva is a real-time dual-entry accounting system featuring closed-period, dynamic and knowledge date-based reporting functionality. TIG Advisors is also using SS&C Eze OMS for order management and compliance.
“Geneva’s speed, extensive experience handling arbitrage products, and capabilities serving the credit space ensure we are in the best position to handle reporting as our business grows,” says Michael Fastert, Chief Operating
