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European Commodity Clearing (ECC), the clearing house of EEX Group, has successfully migrated its position and transaction management system for the derivatives markets to the C7 system developed by Deutsche Börse Group.
The successful migration completes the introduction of the new infrastructure for clients of the clearing house. Prior to this step, ECC migrated the management of its Clearing Members’ collateral to the C7 architecture in late 2017. This was followed by the payment transactions in mid-2018.
“With the C7 system, ECC has now switched to a highly flexible clearing system which is already established in the market. Furthermore, the
Fintech company Finbourne has launched the LUSID Early Access Program aimed at a wide range of investment industry players including hedge funds, custodian, small funds and multinational investment institutions.
LUSID is an investment data platform which aims to allow users to leverage their data to maximum effect. Finbourne says that in an industry where it takes months or years to onboard new investment software, LUSID can be used in minutes and trialled for free for 90 days. Users get access to market data as part of this 90 day evaluation period.
LUSID is a complete investment data platform that brings
A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December.
From a pool of over 70 respondents, including asset managers, hedge funds, private equity firms, broker-dealers and wealth managers, the findings were as follows:
• Less than 2 per cent of firms confirmed they had completed sufficient preparation for SM&CR
• In equal measure, only 2 per cent of employees had a sufficient awareness of the new rules and their implications across the organisation
• More than a quarter
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2019 measured 0.42 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.38 per cent in August.
“SS&C GlobeOp’s Capital Movement Index for August 2019 was 0.38 per cent, reflecting increased net inflows compared to 0.21 per cent net inflows for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “The hedge fund sector’s ability to attract and retain assets in the current highly volatile market environment is truly impressive.”
Almost two-thirds (62 per cent) of hedge fund and private equity investors have, within the last year, begun to search social media platforms such as Facebook, LinkedIn, Twitter and Instagram as part of the pre-investment background investigation process.
That’s according to a new investor and operational due diligence (ODD) analyst survey by Corgentum Consulting.
Searches were on both the social media activities of the fund management company and individual employees. Some 38 per cent of respondents stated that they uncovered at least one negative item during social media searches that was omitted from more traditional investigations. Additionally, 73 per cent
Startup Covalent has launched crypto indexes allowing investors to purchase a diversified portfolio of crypto currencies using the Covalent Bot.
The company says this lowers the barrier to entry by reducing the need for investors to research hundreds of tokens in order to make an educated investment decision.
“Educated investors in traditional markets often purchase ETFs or indexes to reduce risk. Until now, this has not been readily available in the crypto markets. Covalent allows investors to invest in the crypto sector via a diversified portfolio by simply activating the Covalent Bot,” says Tomer Bariach, Cofounder of Covalent. “Unfortunately, until now, many
Sterling Trading Tech (STT), a provider of professional trading technology solutions, has launched a new market data entitlement system, The Sterling Entitlement Manager (SEM).
This custom-built system enables Sterling and its clients to follow all compliance regulations when on-boarding both professional and nonprofessional subscribers through a fully automated verification process. The subscribers market data is then activated on the trading platform once approval from an exchange is granted.
The SEM makes the on-boarding process quick and efficient for traders to electronically sign market data agreements. Market Data is activated once approval from the exchange is granted. Additionally, this automated
Drawbridge Partners, a premier cybersecurity services firm specialising in the needs of hedge fund and private equity managers, has launched DrawbridgeConnect, an automated management platform which allows firms to manage all aspects of their cybersecurity program.
Complementing Drawbridge Partners’ current services offering, the platform allows firms to ensure regulatory compliance and satisfy investor demands. Users can extract data in real time to evidence their cyber risk posture to current and potential investors.
DrawbridgeConnect allows users to easily aggregate internal cyber risk assessment data to drive analysis and determine program strength and remediation, create and manage a resilient program to fulfil
Hazeltree, a provider of integrated treasury management solutions, has expanded its treasury and portfolio finance solutions to support private markets fund managers.
Hazeltree Private Markets is a purpose-built cash management and investor interactions solution to improve operational efficiencies and controls, reduce risk and exposure, and drive performance opportunities.
Hazeltree Private Markets automates the lifecycle of cash management from multi-bank and internal systems aggregation to projections of known and potential cashflows to automated cash movement suggestions in line with client-configured algorithms to the execution and movement of funds across a client’s banking eco-system. Hazeltree provides treasury teams with full transparency of
Visible Alpha, an investment research technology company, which helps investment managers discover ideas and track and value research for MiFID II compliance, has appointed Samantha Miller as Chief Product Officer.
Miller joins Visible Alpha from Dun & Bradstreet where she was Vice President of Global Product Portfolio Strategy and Management.
In that role, she drove strategy for over 200 products spanning financial, compliance, sales and marketing verticals in North America, Europe, Asia and Latin America. Miller brings with her deep knowledge in software-as-a-service, data and analytics, APIs and a certification in artificial intelligence from MIT Sloan School of Management. She
