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Quedex, a crypto-centric futures and options exchange based out of Gibraltar, has bee ngranted a Distributed Ledger Technology (DLT) Providers licence for trading of cryptocurrency derivatives and for custody of cryptocurrencies by the Gibraltar Financial Services Commission (GFSC) making it the first regulated entity of its kind globally.
The DLT licence follows a 15-month-long process in which Quedex, advised by PRT Lawyers, worked together with the Gibraltar authorities in order to meet all the conditions required.
Quedex offers its users, consisting of institutional investors, miners, hedgers and active traders, the opportunity to trade in futures and options contracts on crypto
RFA has come a long way since it first opened for business in 1989. Now the firm, which has over 800 clients, is one of the biggest cloud providers to the alternative investment sector, offering state-of-the-art cybersecurity services and fully managed IT and CTO consultancy services.
Much of RFA’s success can be attributed to the ethos of the firm, which takes a consultative, rather than product-led approach to client requirements, most of whom, as Managing Director George Ralph (pictured) points out, come via word of mouth. Ralph works alongside chairman, Richard Fleischman, president, Yohan Kim and CIO, Michael Asher.
PE
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has launched a new Security Reference file feed, PIT (Point In Time).
With the PIT Security Reference File feed, clients can track, at a listing level, changes to securities coding and other key security reference data-points at any Point In Time.
The Point In Time’s Start and End dates use the public domain effective date from the Event that triggered the change. This means that the historical reference data returned by query will represent the actual values that the markets would have recorded on
EEX Group increased trading volumes across the majority of its markets in the first half of 2019, with volumes up significantly in the power, gas and freight markets.
Trading volumes in the Agricultural market also developed positively while the Group posted a decline in the market for emission allowances.
The Group’s power spot markets, operated by EPEX SPOT, achieved a volume of 302.9 TWh, representing a growth of 5 per cent compared to the previous year (H1 2018: 288.4 TWh). Trading in the day-ahead markets also rose 5 per cent to 259.2 TWh, while Intraday trading volumes increased from 40.9
Man Group has reported a 5 per cent increase in funds under management (FUM)1 to USD114.4 billion in the first six months of 2019 up from USD108.5 billion as at 31 December 2018 on the back of strong performance by the group’s quant alternative strategies.
The group saw positive investment movement of USD6.8 billion in the period (H1 2018: negative USD1.7 billion) with net outflows of USD1.1 billion (H1 2018: net inflows USD8.3 billion). Positive FX translation and other movements totalled USD0.2 billion (H1 2018: negative USD2.0 billion).
Adjusted profit before tax (PBT) was up 3 per cent to USD157
Specialist investment company Liontrust is to acquire Neptune Investment Management Limited, subject to regulatory approval in a deal that will take Liontrust’s AuM to GBP17 billion.
All of the Neptune Investment Team, headed by and including Robin Geffen, will join Liontrust at the firm’s London offices.
On completion of the deal, Geffen will step down as Chief Executive Officer of Neptune and solely concentrate on leading his investment team and managing funds.
Neptune brings excellent long-term performance through its Global, Income, Regional and Emerging Markets funds. The Neptune Income Fund, for example, is the best performing fund in
Hedge fund managers ended June 2019 up 1.75 per cent on an equal-weighted basis, and 1.89 per cent on an asset-weighted basis, reversing May’s losses of 1.19 per cent, according to figures released by Eurekhedge.
Trade optimism and expectations of a Fed rate cut pushed the global equity market higher despite mixed economic data.
Over the month of June, USD6.4 billion of investor outflows were recorded by the global hedge fund industry, despite performance-based gains of USD15.5 billion. Total hedge fund industry AUM stood at USD2,294.3 billion as of June 2019.
Stephen Moore, the lead manager of the Artemis US Extended Alpha and US Absolute Return funds, which between them in their OEIC and SICAV forms represent some USD3.4 billion (GBP2.7 billion, EUR3 billion) in AUM, has decided for personal reasons to leave the firm. with William Warren, co-manager of the funds since launch, set to take over as manager.
To ensure a smooth transition, Moore will continue working for Artemis and managing the funds until 30 September 2019, when Warren will become their manager.
Warren joined Artemis as a partner in 2014 from Columbia Threadneedle, where he had worked
Founded in 2016 by industry experts Scott Feagans and Moshe Siegel, NetXpress provides colocation, data centre services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.
“2019 is proving to be an exciting year for our Financial Services business,” says TNS’ Chief Executive Officer, Mike Keegan. “Since acquiring R2G in January, we have expanded our data center reach, deployed a new dark fibre infrastructure and are establishing TNS as a vendor of record for market data offerings. The acquisition of NetXpress
The US Commodity Futures Trading Commission has issued an order filing and settling charges against Curtis Dalton of Middleton, Massachusetts, requiring him to pay USD200,000 for offering illegal off-exchange retail commodity transactions to US and overseas customers while failing to be registered by the CFTC as required.
The transactions offered by Dalton consisted of binary options in foreign currencies, which were required to be traded on a designated contract market, an exempt board of trade, or a bona fide foreign board of trade. nstead, these contracts were traded on a binary options trading platform operated by an unregistered British Virgin
