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Regulatory compliance consulting firm, Argus Global has fully integrated two business acquisitions: Ace Success, a Singapore based secretarial, accounting and tax practices company; and Argus Compliance India Private Limited, a subsidiary company, based in India, offering a multi-disciplinary and comprehensive bouquet of services in Singapore and India.
“The company is already looking to expand in Asia within three years and has set a revenue target of SGD50 million within five years,” says CEO Sachin Gandhi.
Argus Global’s clienteles in Singapore are mostly entities who are regulated by, or wish to be regulated by, the Monetary Authority of Singapore (MAS) effective
Singapore Exchange (SGX) has launched the industry’s first options contract on TSR 20 rubber, the global benchmark grade, offering market participants a new risk-management tool.
The SGX SICOM TSR 20 Rubber Options contract is based on the SGX SICOM TSR 20 (FOB) Futures contract, which has grown in liquidity amid China’s internationalisation and rising global demand for hedging. The options contract expires into futures positions, offering users the choice of physical delivery to settle their positions.
William Chin, Head of Commodities at SGX, says: “SGX SICOM derivatives are integral to the physical marketplace. This launch follows strong demand from
Canadian institutional investors are seeking to further increase their overall allocations to alternative investment strategies, including real estate, private equity, infrastructure, private debt and hedge funds, according to a new study published by CIBC Mellon.
The report, “Race for Assets: Canada vs the World,” found that among the various alternative sub-asset classes, real estate (42 per cent) is most favoured among Canadian investors surveyed, followed by infrastructure (20 per cent), private equity (18.7 per cent), private debt / loans (17.9 per cent), and hedge fund investments (1.4 per cent). Private equity led the way in terms of satisfaction, with 47
Refinitiv has signed a definitive agreement to acquire AlphaDesk, a cloud-based Order Management System (OMS) that offers order and portfolio management, risk, and compliance solutions for buy-side clients.
Refinitiv currently offers pre-trade data and analytics via its flagship financial platform Eikon, which is integrated with its EMS trading capabilities from REDI. AlphaDesk adds a multi-asset class and multi-currency OMS platform with flexible workflows, adaptable to the differing needs of individual buy-side traders and asset managers.
AlphaDesk software combines OMS and operations management capabilities for managing data and integrating with other systems involved in the buy-side investment workflow. This combination benefits
Artivest, an independent digital platform for alternative funds, has appointed Paul Nobile as Chief Marketing Officer, a new position for the company.
Nobile (pictured) has more than 25 years of experience as an award-winning marketing and communications leader for asset and wealth managers. He is based in New York City and reports directly to James Waldinger, Founder and CEO of Artivest.
At Artivest, Nobile takes responsibility for marketing and communications strategy and execution across a broad range of owned, earned and paid disciplines. As a senior leader, he will partner with teams across the business to position the firm’s value proposition and
EnTrust Global, one of the world’s largest hedge fund investors and a leading alternative asset manager headquartered in New York and London, has surpassed USD1.1 billion in investment capital raised for its Blue Ocean Strategy.
The majority of Blue Ocean’s capital has already been deployed, largely in senior secured loans, as well as junior loans and preferred equity transactions.
Led by maritime financing veteran and Blue Ocean Senior Managing Director & Portfolio Manager Svein Engh, Blue Ocean now employs a dedicated team of six experienced maritime investment professionals.
Gregg S. Hymowitz, Chairman and CEO of EnTrust Global, says: “Achieving this important milestone is
Investcorp, a global provider and manager of alternative investment products, is to acquire Mercury Capital Advisors (Mercury), an institutional capital raising and investment advisory enterprises.
As part of the transaction, Mercury will remain an independent business operating under its current leadership team.
Terms of the transaction, which is expected to close in the third quarter of 2019, have not been disclosed.
Founded in 2009 by Michael Ricciardi, Alan Pardee and Enrique Cuan, Mercury has closed over USD170 billion in fund commitments since 2003, when the Mercury team was at Merrill Lynch, and maintains relationships with over 2,500 institutional investors across
PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has successfully launched its OTC registration service for LNG Futures.
The PEGAS JKM LNG Futures contract is cleared by ECC, the clearing house of EEX Group, and settled against the S&P Platts JKM assessment, today’s most reliable price estimation for the Asian region.
The contract, settled in USD, is offering a delivery period for the next 34 months with a contract size of 10,000 MMBtu/month. By adding LNG to their portfolio, customers will be able to benefit from a range of cross margining advantages at ECC.
The launch
Asahi Pretec, a precious metals recycling company, has selected smartTrade Technologies, a specialist in multi-asset, end-to-end trading solutions, as technology provider to deliver Asahi’s precious metals trading platform, with NTTData, a major Japanese system integrator, as a partner.
smartTrade will provide connectivity to the markets, pricing and distribution as well as risk and post-trade management.
Hiroyuki Nakanishi, President of Asahi Pretec, says: “We had an immediate need for a flexible technology platform to price and distribute our precious metal prices to support Asahi’s global expansion. Not only does smartTrade’s high quality proven technology comprehensively address our specific business needs, it
Avelacom, a global connectivity and IT infrastructure provider for the financial services industry, has partnered with Seed CX, a digital asset exchange built expressly for institutional investors.
Avalecom’s institutional investors will now have access to Seed CX’s real time market data and order-routing solutions. This will meet global institutions’ desire to trade digital assets in a way they are used to from using traditional exchanges.
Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives.
“We began working
