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Exchangelodge, a provider of SaaS digital process automation and data integration solutions to alternative investment managers, has launched Exchangelodge Version 2.0, which includes a Fund Administration Oversight module.
The latest release of the Exchangelodge platform brings together a number of new features and added system functionality, providing substantial benefits to Alternative Investment managers.
“Exchangelodge allows alternative asset managers, investors, and administrators to automate key business processes,” says Robert Caporale, CEO of Exchangelodge. “Our new Fund Administration Oversight module eliminates the need for costly shadow accounting and manual reconciliations.”
The Fund Administration Oversight module automates a fund of hedge fund
All counterparty groups covered by Phase 4 of the Initial Margin (IM) rollout under the Uncleared Margin Rules, including four new in-scope buy-side firms, have now been successfully onboarded onto AcadiaPlus.
AcadiaPlus is a standard, open communications platform that provides the sell-side, the buy-side and fund administrators with specialist applications and a third-party partner ecosystem that enables straight-through-processing of the entire risk-mitigation lifecycle. AcadiaPlus encompasses the company’s flagship services, including Initial Margin Exposure Manager (IMEM) and Margin Manager, and serves as a central source of standardised data for the industry. AcadiaSoft has now integrated all counterparty groups covered by IM
Fenergo, a provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, has appointed Louise O’Connell to the newly created role of Chief Customer Officer.
The new role is aligned with Fenergo’s strategic goal to become even more client centric and was created to establish a cohesive support function for its growing client base. Recent growth is attributed to expansion into new financial segments including retail, business, commercial and private banking as well as wealth and asset management.
With over 25 years’ experience in the financial services and technology sectors, Louise is responsible for creating a cohesive experience
Waratah Capital Advisors has launched the firm’s first liquid alternative mutual fund, the Waratah Alternative Equity Income Fund (WCAL4F).
The new offering will operate pari-passu with one of Waratah’s flagship strategies, the Waratah Income Fund, providing high net worth (HNW) retail investors and their advisors with direct access to Waratah fund manager Jeannine LiChong.
Liquid alternatives provide portfolio construction tools which offer the potential for added diversification and risk-adjusted returns. The Waratah Alternative Equity Income Fund is a long biased actively managed portfolio of North American equities, with a focus on Canada. The fund has the ability to use options and short
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered a total volume of 223.1 TWh traded on the platform in August 2019, up 48 per cent compared to 2018.
Those strong results were driven by the great performance of both spot and futures segments, which registered 114.7 TWh and 108.4 TWh respectively.
The Dutch TTF spot market contributed to this dynamic and reported its second best month with 54.4TWh exchanged on the platform (record month in May 2019 with 66.9 TWh).
On the futures segment, NCG has reported its best results since 2016 with
By Don Steinbrugge, Agecroft Partners – Globally coordinated monetary stimulus prevented a potential economic meltdown in 2008 and helped create a quick rebound in the capital markets. We have since seen the longest economic expansion on record. Unfortunately, the effectiveness of monetary stimulus declines the more it is used. Ideally, it should only be used during recessions in order to reduce a downturn’s severity and duration.
Recessions are a natural occurrence in an economic cycle. They are unpleasant when they occur, but can be helpful to the economy in the long term. Recessions drive out inefficient companies and capital is recycled into
The Options Clearing Corporation (OCC) is to undertake remedial efforts and pay USD20 million in penalties to settle SEC and CFTC charges that it failed to implement policies to manage certain risks as required by US laws and SEC and CFTC rules.
According to the SEC’s and CFTC’s respective orders, Chicago-based OCC failed to establish and enforce policies and procedures involving financial risk management, operational requirements, and information-systems security. The SEC’s order also found that OCC changed policies on core risk management issues without obtaining required SEC approval.
As the US’s sole registered clearing agency for exchange-listed option contracts
Commcise has launched COMMCISECM offering a stand-alone Commission Management platform designed specifically to help US asset managers and hedge funds obtain a full commission wallet view of their entire trading activity.
COMMCISECM is designed to provide asset managers with a turnkey solution that automatically unbundles every trade (full-service and soft dollar) and additionally provides a technology-based trade reconciliation engine. This means asset managers instantly get greater transparency on research spend and can materially increase their spending power with their research providers.
As a cloud-based solution, COMMCISECM provides an automated, transparent, virtual aggregation platform that allows US asset managers to
The Depository Trust & Clearing Corporation (DTCC) and Accenture have published a white paper, Governing DLT Networks, which outlines a DLT governance operating model to manage risks and consequences of an evolving DLT landscape.
The aim is to ensure the safety and soundness of the network for the benefit of all participants and to better enable DLT to reach its full potential.
DLT has attracted global attention for its potential to modernise and improve corporate and enterprise operations. The model proposed in the paper addresses the responsibilities and critical functions in operating and maintaining a DLT platform, including a
Capital markets software specialist genesis has launched a post-trade product suite and strategy designed to automate workflows.
genesis believes that all post-trade operations need to automate to adapt to the constantly changing industry environment driven by business opportunity, regulation, client demand and internal governance.
All genesis products and solutions are built using the genesis micro-services framework, business component library and development acceleration tools which the company says facilitates the implementation and deployment of agile, scalable and robust products and solutions, quickly and efficiently, and significantly cuts production/implementation timeframes to days and weeks. Business problems are broken down into
