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As part of a proof of concept, SIX is working with the SNB to explore technological options to make digital central bank money available for the trading and settlement of tokenised assets between financial market participants.
The technological foundation for its feasibility is provided by the SIX Digital Exchange, which uses distributed ledger technology.
The SIX Digital Exchange (SDX) continues to progress according to plan, making it the world’s first distributed ledger technology (DLT)-based platform for the issue, trading, settlement and custody of digital assets.
This exchange innovation is now joining forces with innovation in the currency space:
Tradeweb Markets has significantly expanded its portfolio trading functionality for corporate bonds, enhancing access to competitive liquidity globally.
Portfolio trading at Tradeweb improves execution efficiency by allowing institutions to package multiple bonds into a single basket, negotiate a portfolio level price with liquidity providers including banks and principal trading firms, and execute in a single transaction. Tradeweb was the first trading platform to offer portfolio trading for corporate bonds and has facilitated a total USD21 billion year to date, with single trades as large as USD1 billion in notional value. In the same timeframe, Tradeweb was the leading corporate bond
Financial services provider Apex Group has appointed Renaud Oury as Group Chief Data Officer (CDO) and as a member of the Executive Committee.
The creation of this role strengthens Apex’s position as an industry leader and reflects its commitment to building a data driven organisation.
Oury’s, whose appointment is effective immediately, is based in Luxembourg, one of Apex’s largest service centres, and as CDO he will be responsible for developing and managing a comprehensive analytics strategy for the Group. His priority will be to leverage data and information to improve efficiencies, enhance client service and support the Group’s future
BCS Global Markets (BCS GM) has appointed Alexey Bachurin as the firm’s new Head of equity trading. Bachurin will be based in London, reporting to co-heads of Global Equities Luis Saenz and Oleg Achkasov.
As part of his new role, Bachurin will be responsible for equities execution with an emphasis on global markets. As Head of equity trading, Alexey will also oversee all BCS GM’s Equities Trading departments.
With more than 20 years’ experience in the financial sector, Bachurin joins BGS GM having held senior management positions within equity trading at the likes of IFC Metropol, Metallinvestbank and Renaissance
A new study by the law firm Seward & Kissel of the hedge fund industry’s use of side letters – special agreements between hedge funds and their investors – shows a marked decrease in the share of side letters issued to funds of funds.
The study also revealed that most-favoured-nation clauses continue to be the most commonly used term in side letters.
The Seward & Kissel 2018/19 Hedge Fund Side Letter Study, indicates that funds of funds received just 37 per cent of all side letters. That figure has dipped substantially from last year’s study, in which they accounted
Given the current market uncertainty, start-up and emerging hedge fund managers must be clever in their choices when bringing a fund to market in 2020 and beyond. And this November, the inaugural Hedgeweek Emerging Manager Summit will provide a forum for managers to explore the challenges and opportunities they must consider en route to a successful launch…
Start-up and emerging managers face an uphill battle to establish and differentiate themselves in such a competitive market space. There are many opportunities that emerging managers can take advantage of when first starting out on their journey. However, having an awareness of the
Broadridge Financial Solutions has incorporated of Sisense’s embedded data analytics into its revenue and expense management application.
Broadridge’s sell- and buy-side clients can now benefit from enhanced data analytics, operational workflow efficiencies and transparency, helping them to gain instant insights into revenue and expense streams and achieve an advanced level of reporting.
Broadridge’s revenue and expense management solution aims to offer a flexible, rules-based technology application that tracks and calculates asset management, FX, transaction and performance fees across a variety of complex workflows and fee structures, and improves revenue reporting. Asset management, hedge fund, wealth and bank clients utilise
UK financial services broker The Fiducia Group has launched Fiducia Corporate Finance which the company says will provide a bespoke corporate service for debt and equity fund raising for entrepreneurs and companies.
It will offer advice, specialising in: equity capital raising, debt capital raising, disposals, acquisitions, refinancing, restructuring and general corporate strategic advice.
Fiducia Corporate Finance will operate in the UK, and across European and global markets both for introductions and placements.
Fiducia Corporate Finance will be headed up by Laurence Goodman who has ambitious plans to develop and grow this sector for the group. Laurence is a
Institutional investment data and analytics specialist eVestment is to collect and manage French independent investment consultan insti7’s asset manager data while insti7 will incorporate eVestment data analytics solutions into its management selection and monitoring processes.
insti7 consultants will use eVestment to understand and analyse data from asset managers with whom they have existing relationships. eVestment also allows insti7 consultants will be able to access data on 4,200+ asset managers globally reporting to eVestment. These asset managers report on more than 24,500 institutional investment products across asset classes, geographies and investment styles, representing more than USD42 trillion in assets under management.
Asset owners continue to apply pressure on external manager fees, with new data showing substantial fee reductions across a number of asset classes, according to research carried out by bfinance.
Figures are based on real fees being quoted by asset managers for real mandates – not surveys or ‘rack rates’ which tend to be inflated.
bfinance says this fee compression is being driven by factors including the rise of cheaper competitors, increasing transparency on costs and expansion of the manager universe. Price competition in asset management is relatively inefficient and investors can use a range of tools to improve
