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A global financial compliance firm is expanding its cybersecurity service targeted towards the financial services sector, following new advice from the European Supervisory Authorities.
Lawson Conner wants to encourage financial services firms to treat cybersecurity as a compliance issue, and it offers cyber risk management, tailored towards the financial sector, as one of its services.
Last week ESAs called for an appropriate oversight framework to monitor the activities of critical third-party service providers and streamlining of the incident reporting frameworks across the financial sector. The advice also urged financial services firms to focus on cyber resilience, and proposed an EU-wide, voluntary
INTL FCStone’s subsidiary, INTL FCStone Financial (INTL), has launched a prime brokerage division, offering multi-asset prime brokerage, execution, outsourced trading, custody, and self-clearing and introduced clearing services for hedge funds, mutual funds, and family offices.
The prime brokerage division will offer a flexible platform to more effectively execute trades, custody, and clearing for US and global equities, options, futures, foreign exchange (FX), and fixed income through INTL FCStone. Institutional clients will also benefit from INTL FCStone’s full range of financial services and products within the securities, commodities, derivatives, FX, global payments, and wealth management sectors.
Douglas Nelson, Managing Director and
Despite a strong start to the year, which saw Q1 2019 average hedge fund performance hit +5.34 per cent, investors continued to pull money from the sector, redeeming an estimated USD13.69 billion in March, according to the March 2019 eVestment Hedge Fund Asset Flows Report.
Q1 2019 marked the fourth consecutive quarter of net outflows from the industry, but Q1’s strong performance more than offset investor redemptions, leaving overall hedge fund industry assets under management (AUM) at USD3.258 trillion.
Large Macro, Long/Short Equity and Managed Futures funds, which underperformed in 2018, were responsible for most redemptions in March.
eVestment’s report
Middle East alternative asset management firm Gulf Capital has successfully closed a new long-term AED500 million syndicated revolving credit facility from its existing lenders.
The new four-year facility will boost the firm’s liquidity and help it maintain its strong investment pace across the Middle East.
Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are very pleased to be signing this long-term flexible revolver facility which will fully secure our current funding needs. Gulf Capital today is one of the best capitalised investment firms in the region and is evaluating a number of new investment opportunities across
OKEx, a Malta-based digital asset exchange, has launched Cosmos (ATOM), a Proof-of-Stake cryptocurrency based on the Tendermint consensus protocol, on its spot trading market.
With a total supply of 236,355,290 ATOM, deposits of ATOM will be opened from 7:30 Apr 23, 2019 (CET, UTC +1) while ATOM spot trading against Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) will begin at 11:00 Apr 23, 2019 (CET, UTC +1). Users can make ATOM withdrawals from 7:30 Apr 26, 2019 (CET, UTC +1) onwards.
“OKEx always embraces the strong force driven by start-ups from worldwide. As one of the largest blockchain communities, we
The Chartered Alternative Investment Analyst (CAIA) Association, a global leader in alternative investment education, is marking the successful first year of its ‘stackable credential program’, which allows a limited number of qualified members of CFA Institute to move directly to Level II of the rigorous two-part CAIA exam.
Since the program’s inception, more than 1,000 CFA charterholders from 30 countries have enrolled. Many of the largest asset owners, asset managers, and pension consultants are among the employers consistently seen in the profiles of the Candidates approved to participate in this program.
“We have been very pleased with the reaction to our stackable credential initiative and look forward to welcoming more CFA charterholders to the ranks of CAIA Members,” says William J Kelly, CEO of CAIA. “We always looked upon this
big xyt’s analytics platform has been extended to include Transaction Cost Analysis (TCA).
Post-trade TCA is transitioning from just a compliance solution to being seen as a crucial business function and big xyt is transforming the traditional view of TCA with data science; applying advanced techniques to increase quality and deliver flexible consolidated data views.
Whilst TCA benchmarking calculations have not radically changed over the years firms increasingly demand flexibility to benchmark in-house analytics with an independent market source, in a way that better fits their business requirements.
big xyt solutions capture, normalise, collate, and store trade data
FlexTrade Systems has extended Goldman Sachs’ actionable IOI functionality within the FlexTRADER EMS.
The functionality adds IOI profiling and analysis capabilities to the existing FlexIOI product and makes Goldman Sachs actionable liquidity available on the desktop. Customers can action IOI liquidity directly from the trading blotter, which now displays information, including the AFME codes, and the proportion of an order that can be completed using Goldman Sachs’ actionable liquidity.
“True actionable IOI’s are a standard feature in the FlexTRADER EMS, and this latest release allows traders to prioritise which liquidity they prefer to interact with,” says Andy Mahoney, Head of Sales at FlexTrade
iM Global Partner has acquired a 40 per cent interest in Scharf Investments, an independently owned and employee-controlled US equity value firm with USD3.4 billion in AUM as of end of March 2019.
With this new acquisition in the US, iM Global Partner aims to strengthen its offering with a wider range of high alpha products.
iM Global Partner is a leading investment and development platform focused on acquiring strategic investments in best-in-class traditional and alternative investment firms in the US, Europe and Asia. This new operation brings iM Global Partner’s assets under management to nearly USD10 billion, in
Onchain Custodian (ONC), a digital asset custodian backed by Sequoia, Fosun and DHVC, has on-boarded its first customers.
Headquartered in Singapore, Onchain Custodian has developed a personalised and comprehensive custody service for institutional players and accredited investors to secure digital assets with institutional grade security and controls. The SAFE Digital Asset Custody Platform is flexibly built to meet the possible futures of digital asset custody.
Onchain Custodian’s launch event took place at the Mandarin Oriental Singapore on 11 April during the Asia Pacific Blockchain New Finance Summit. The event attracted VIP guests from all over the world, from Canada to
