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KRM22, a technology and software company focused on risk management in capital markets, is to acquire Object+, a risk management and post-trade services technology company for capital markets firms.
Based in the Netherlands with offices in Amsterdam and Chicago, Object+ services global banking and trading firms across Europe, North America and Asia. Its market risk management technology includes real-time P&L and margin management, as well as pre-trade order limit management capabilities.
The acquisition represents another milestone in the evolution of KRM22’s risk management offering. KRM22 offers post-trade market risk solutions through previous acquisitions and partnerships, and adding Object+ capabilities
Saxo Bank, a specialist in online multi-asset trading and investment, is adding a combination order ticket for all clients trading listed options in SaxoTraderGO and SaxoTraderPRO.
Rather than trading options leg-by-leg using multiple trade tickets, clients will be able to execute orders for different legs as one order. The combination order ticket provides Saxo Bank clients with unique opportunities to participate in established option strategies such as straddle, ratio spreads and iron condor. The options strategies are pre-filled and enables traders to simultaneously place orders to buy and/or sell different options from the same order ticket.
Patrice Henault, Saxo’s
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has launched its Real Time and Historical FX Feed service in partnership with TraderMade Systems.
Covering 40-plus spot currencies plus gold and silver against major currencies the data feed is sourced from Tier-One banks & Institutions.
Through this collaboration, EDI offers Bid/Ask & Mid prices. Rates are comparable to the EBS reference rate feed for a fraction of the cost of other providers.
Jonathan Bloch (pictured), Chief Executive Officer of EDI says: “We are getting increased demand from our clients for real time and
Christine Trent Parker has joined Reed Smith as a partner resident in the firm’s New York office. Parker joins from Sullivan & Cromwell, where she was a member of its Commodities, Futures and Derivatives, and Capital Markets groups.
Artificial Intelligence-powered hedge fund, Castle Ridge Asset Management Limited (Castle Ridge), has secured a strategic investment from Canaccord Genuity Group (Canaccord Genuity), a global financial services firm that specialises in wealth management and capital markets.
The investment will enable Castle Ridge to expand its distribution channel with Canaccord Genuity Wealth Management, which manages over USD60 billion in client assets in Canada, the UK & Europe and Australia.
Adrian de Valois-Franklin, CEO of Castle Ridge, says: “We are thrilled to be backed by an investor with such global reach. Together, we believe Castle Ridge represents the future of asset management. Our
Retail investors are increasingly drawn to private markets, attracted by the offer of diversification, alternative income, and sustainable investment opportunities, according to the latest issue of The Cerulli Edge – European Monthly Product Trends Edition.
“The alternative investments that retail investors are expanding into include hedge funds, private equity, venture capital, and private debt,” says Fabrizio Zumbo, associate director, European asset management research at Cerulli Associates, a global research and consulting firm.
One of the main reasons for the attraction to private markets is the hunt for returns that are relatively uncorrelated to mainstream asset classes such as equities and bonds.
FactSet, a provider of integrated financial information, analytical applications and services, has appointed Franck Gossieaux as Executive Vice President, Global Head of Sales and Client Solutions.
In this role, Gossieaux will be responsible for overseeing all global sales and client activities for FactSet.
Gossieaux joined FactSet in 2004 as part of its acquisition of JCF Group and has since held multiple senior leadership roles at the Company in both Europe and North America, including leading the EMEA and Americas sales teams. He has been instrumental in expanding FactSet across key markets and has global experience covering enterprise-level client relationships.
Net sales of UCITS and AIFs totalled EUR6 billion, down from EUR13 billion in February, with UCITS registering net inflows of EUR13 billion, up from EUR6 billion in February, according to the latest Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR16 billion, up from EUR10 billion in February.
Equity funds registered net outflows of EUR23 billion, compared to net inflows of EUR4 billion in February, while net sales of bond funds increased from EUR43 billion, from EUR14 billion in February, and multi-asset funds recorded net outflows
Over two-thirds (67 per cent) of alternative investment fund managers believe the prospect of regulatory arbitrage between European Union member states seeking to attract business is likely to grow over the next two years, according to a new study.
The research reveals that regulatory arbitrage has muddied the waters for many investors, which has led to widespread unfamiliarity when it comes to the practical application of the rules. Sixty per cent of respondents agreed that variances of AIFMD interpretation between different EU member states has created the biggest knowledge gap among non-EU AIFMs.
Intertrust, a global leader in providing expert
Moscow Exchange, In collaboration with Avelacom, has deployed new Points of Presence (PoPs) in the most sophisticated and largest data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai.
Market participants have received high speed access to MOEX’s markets without the need to build extra infrastructure and pay for low latency network connection to Moscow.
MOEX’s PoPs provide: low latency connectivity across major trading venues globally; FIX protocol for trading transactions; access to MOEX’s market data; and trading on MOEX’s market (Equity & Bond, FX and Derivatives Markets) through Sponsored Market Access (SMA).
In addition to this expanded
