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At nearly USD8 trillion, the US defined contribution (DC) retirement market remains one of the largest – and growing – opportunities for asset managers. From 2007 to 2017, net assets grew by 67 per cent, increasing by USD3.1 trillion.
Cryptocurrency trading firm GSR has appointed Xin Song as a specialist advisor to oversee expansion into Mainland China.
With this move, GSR, which already has a presence on three continents and employs a staff of over 30 financial specialists and traders, will be focusing expansion efforts on institutional counterparties in China that have a need for advanced cryptocurrency products and services.
Xin will work with the Global Markets team, leading strategy in Asian markets and continuing to expand GSR’s product offering in Derivatives and Structured Products. Xin has extensive experience in cryptofinance and derivatives, most recently as CEO of
In July 2019, the European Energy Exchange (EEX) increased its volume on the power derivatives market by 55 per cent to 331.4 TWh compared to the previous year (July 2018: 213.8 TWh).
In particular, the markets for Austria and France achieved strong growth rates. In the Austrian Phelix-AT Future, trading volumes increased five-fold to 771,484 MWh (July 2018: 136,690 MWh) while volumes in the French market doubled year-on-year to 36.8 TWh (July 2018: 18.2 TWh).
In addition, power futures for Germany (215.1 TWh, +67 per cent), Italy (47.3 TWh, +27 per cent) as well as Central- and South-Eastern Europe (14.1
Axioma, a global provider of services including multi-asset enterprise risk management, portfolio construction, performance attribution, regulatory reporting and custom index design, is to integrate OpenFin with its enterprise solution axiomaBlue technology layer.
Axioma will deploy its portfolio risk management dashboard application on OpenFin as the first phase of the partnership. The result is a combined technology stack that provides front and back-end optimization, app deployment, and collaborative workflows for Axioma clients.
Fabien Couderc, Chief Strategy Officer, Axioma, says: “This strategic partnership is the first step in what will be a transformative journey for Axioma as we aim to facilitate a straightforward
PanXchange, a physical commodities OTC market structure solutions provider, has launched an institutional-grade industrial hemp exchange.
The marketplace will allow producers, processors, trade houses and end-users to participate in a transparent and efficient cash market for industrial hemp products and will ultimately pave the way for the creation of hemp derivatives contracts.
The opening of the exchange follows PanXchange’s January 2019 launch of the industry’s first hemp price reporting facility, which has provided objective and reliable data to a market primed for explosive growth following its formal sanctioning with passage of the 2018 Farm Bill . Both the exchange and
How are global financial institutions creating career paths that reflect the changing values of millennials? How are they championing talent across the diversity spectrum to maximise value to their shareholders? And what programs and initiatives are they exploring to address the ‘3 Gs’: remuneration gap, advancement gap, participation gap? To discuss these issues in our latest podcast is Kathy Sayko, Chief Inclusion and Diversity Officer at PGIM, the asset management arm of American life insurance company Prudential Financial…
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London Stock Exchange Group (LSEG) is to acquire Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, in an all share transaction for a total enterprise value of approximately USD27 billion.
The transaction will create a UK-headquartered, global financial market infrastructure (FMI) provider with a leading data and analytics business, significant capital market capabilities across multiple asset classes and a broad post-trade offering, well positioned for future growth.
The transaction will result in Refinitiv’s shareholders – a consortium of investment funds affiliated with Blackstone as well as Thomson Reuters – ultimately holding an approximate 37
BCB Group, a global cryptocurrency broker catering to the bespoke needs of institutional clients, is now live with DASL – The Digital Asset Shared Ledger developed by LAB577.
DASL is a Corda-based digital asset shared ledger for financial institutions that mitigates the business risks involved when handling digital assets, including cryptocurrencies. BCB Group offers a diverse range of products for the financial services value chain including onboarding, business accounts, payment services and OTC trading.
DASL provides the platform for crypto-brokers to join and utilise Corda Network. Corda Network is an underlying universal network which enables interoperability between nodes across separate
Commcise, a Euronext company and provider of commission management and research valuation solutions to the buy-side and sell-side, has added Richard Hooke and Scott Douglass to the firm’s global business development and product strategy teams.
Hooke is based in London as Director of Product Strategy. He brings a wealth of experience in the FinTech area having focused on providing leading-edge front office systems for the asset management community in his previous roles as Head of Products at LatentZero and latterly as the Buy-side Product Director at Fidessa.
Amrish Ganatra, Managing Director at Commcise, says, “We are delighted Richard has joined
Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators.
The transaction creates an end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken.
Interchange offers professional-grade accounting and portfolio reconciliation tools designed specifically for the nuances and complexities of digital asset markets. Founded to improve access to crypto markets, Interchange enables institutional investors to better monitor and report their cryptocurrency holdings. In less than a year, the Interchange team has brought a new, next-generation product to the institutional
