Latest News
Electronic US Treasuries (UST) trading venue, LiquidityEdge, has reported record trading volumes during May 2019.
The platform saw record volumes for the second time this year, with average daily volumes (ADV) rising to 16.35 billion (single count) across both on-the-runs and off-the-runs in May 2019.
Since launching in 2015, LiquidityEdge has rapidly grown its US Treasuries market share and volumes, firmly establishing itself as an alternative platform for fixed income trading. With over 100 clients on the platform, the surge in activity shows the benefits of the directed, disclosed model championed by LiquidityEdge.
Bryan Farrell, Head of Sales
Neudata, a global alternative data evaluation company, has appointed Piers Thompson as Chief Technology Officer (CTO).
Thompson joins the team in London from Bank of America Merrill Lynch, where he spent more than seven years in a range of roles, most recently as Head of Finance Technology for the global markets division.
“As Neudata continues to grow its client base and services, we’re thrilled to welcome Piers to the team. His extensive experience will help us to continue to differentiate ourselves in an increasingly competitive and fast-paced industry, especially as we roll out new products and services,” says Rado Lipuš,
Barnes & Noble is to be acquired by funds advised by Elliott Advisors (UK) Limited (Elliott) for USD6.50 per share in an all-cash transaction valued at approximately USD683 million, including the assumption of debt.
Elliott’s acquisition of Barnes & Noble, the largest retail bookseller in the United States, follows its June 2018 acquisition of Waterstones, the largest retail bookseller in the United Kingdom. James Daunt, CEO of Waterstones, will assume also the role of CEO of Barnes & Noble following the completion of the transaction and will be based in New York.
The USD6.50 per share purchase price represents a
Angel Oak Capital Advisors, an investment management firm specialising in value-driven alternative credit, has surpassed USD10 billion in assets under management across its platform of public funds, private funds and separately managed accounts.
In addition, the firm also holds one of the largest books (approximately USD3 billion) of servicing assets in the non-qualified mortgage market. Crossing USD10 billion in AUM coincides with other important milestones and growth accomplishments for the firm, including adding talent and continuing to establish itself as a clear leader in the structured credit space.
“Since we founded Angel Oak Capital Advisors in 2008, the key to
FlexTrade’s trading technology is now available to local and global firms looking to access the New Zealand market using its order management system, FlexOMS.
NZX Executive Director, Markets Development & Clearing, Benjamin Phillips says: “FlexTrade’s integration with NZX trading technology supports our strategy to increase access and reduce barriers to entry to the New Zealand market, as we work to encourage greater liquidity on our market.”
Designed as a global, multi-asset platform, FlexOMS provides sell-side institutions with a complete end-to-end solution across multiple desks, trading styles and regions, and streamlines the trading process from receipt of client orders to
Eventus Systems has selected QuantHouse’s QuantFEED to provide high quality market data for its trade surveillance platform Validus.
Validus gives clients a broad view of risk across their trading operations, with a focus on trade surveillance, risk and position monitoring, reconciliation and operational controls. The Validus platform has two standard implementations: on-premise enterprise and a cloud solution using Amazon AWS. Either implementation can be run in real-time or T+1. QuantFEED provides the T+1 solution with consistent, accurate tick data, a requirement for effective trade surveillance and risk management.
In addition to leveraging QuantFEED, Eventus Systems has also joined the qh
Ocorian’s recently-appointed Head of Luxembourg and the Netherlands, Jean-Marie Bettinger, has further strengthened his local leadership team with the appointment of two well-known figures in the fund administration and depositary market – Graham Dew and Yves Cheret.
Dew (pictured) joins Ocorian as Head of Depositary Services and will play a key role in leading and shaping the company’s new depositary service offer (for which the CSSF licence is imminently pending). Dew brings 30 years’ experience in banking, maritime and the funds industry, with a particular focus on alternative asset classes gained in London and Luxembourg with Ermitage, Rothschilds, Fortis, JP
SimCorp has appointed Christian Kromann as Chief Operating Officer (COO), a new position within the company. Kromann will also join SimCorp’s Executive Management Board, overseeing all sales and marketing activities globally.
Kromann (47) brings extensive knowledge of the investment management industry. He has served in global management positions throughout his career, including various executive positions during the course of 17 years with global investment management vendors, SunGard and FIS. Christian Kromann joins SimCorp from a position as CEO of TIA Technology.
With the appointment of Christian Kromann, the composition of SimCorp’s Executive Management Board is: Klaus Holse, CEO; Michael
The first wave of middle-office outsourcing deals came on the heels of the the credit crisis in 2008. Given this timing, it should come as no surprise that the origin of these first generation deals was driven by cost savings. At the time, middle-office operations was viewed as a necessity but also a cost centre.
SANNE, a provider of alternative asset and corporate business services has appointed Malcolm Hassan as managing director of business development and marketing.
Based in SANNE’s London office, Hassan will oversee business development alongside brand & market positioning across its global platform.
Hassan will focus on achieving SANNE’S growth strategy of supporting the ambitions of fund managers with investment strategies that span the alternatives asset class through its professional services offering and jurisdictional reach.
With more than 23 years of industry experience, Malcolm joins SANNE from RBS where he was responsible for building and growing RBS’ Funds Banking business to be
