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Vela’s fully-hosted and managed Direct Market Access (DMA) Platform is now available in the Japan Exchange Group (JPX) site in the Tokyo region.
With a tier 1 investment bank among one of the first major clients at this co-location space, this access further strengthens Vela’s presence in APAC and is part of its wider expansion plans in the region to enable clients to trade additional markets, locally and globally.
By co-locating in cabinets with premier access to JPX markets, Vela is able to offer ultra-low latency order routing and market data to Osaka Exchange (OSE). With ASX already live
London-based fixed income manager, Resco Asset Management Limited (Resco), has appointed Kevin Corrigan as a founding member of its advisory board.
Corrigan says: “This is an exciting opportunity to work with Scott and the team whom I have known for many years and who share a belief in doing things differently. My sense is that the disconnect between asset managers and investors has grown too large and a better alignment is no longer desirable but an imperative. Consensus decision-making, herding behaviour and poor benchmarks, have become endemic, particularly in fixed income. Boutiques play an important role here, fostering innovation, more
Broadway Technology, a provider of high-performance fixed income and foreign exchange solutions, has acquired 100 per cent of Barracuda FX, a global provider of FX order management technology.
With this acquisition, Broadway will continue to expand its product suite and deliver its multi-asset solutions across more parts of the investment lifecycle while allowing clients to automate additional workflows.
Broadway will retain the full Barracuda FX team, and Barracuda FX will continue to operate as an independent company run by Kieran Fitzpatrick, CEO, and Maurice Curran, COO. Both executives will also assume senior roles leading Broadway’s FX business, as Head
The Depository Trust & Clearing Corporation’s (DTCC) expansion of its Sponsored Service of its subsidiary Fixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC).
DTCC views this as the latest milestone in the transformation of the Treasury market.
This expansion broadens the category of market participants who can participate as sponsors. It also changes how the service can be used, with sponsors now able to let their clients trade with counterparties other than themselves, providing sponsored members with the same execution flexibility they have in the bi-lateral market today.
“The greatest benefit
Sova Capital has become the first international Individual Clearing Member (ICM) firm on the Moscow Exchange’s Derivatives and FX Markets, as a direct member of the National Clearing Centre (NCC), MOEX’s CCP.
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 57 per cent to 348.3 TWh in March 2019 (March 2018: 222.4 TWh).
In particular, the German Phelix-DE product (234.6 TWh, +75 per cent) as well as the Italian market (56.7 TWh, +58 per cent) contributed to this development. Furthermore, volumes on the markets for Austria (1.4 TWh), Spain (11.9 TWh) and Central/South-Eastern Europe (13.1 TWh) also increased significantly.
On the EEX markets for emission allowances, trading volumes totalled 101.1 million tonnes of CO2 in March (March 2018: 246.6 million tonnes of CO2). Primary Market Auctions
IHS Markit, a specialist in critical information, analytics and solutions, has been named a premier company for the support of lesbian, gay, bisexual, transgender and queer (LGBTQ) employees.
The Human Rights Campaign made this determination based on its 17th annual scorecard on LGBTQ equality at more than 1,000 US employers.
The Human Rights Campaign’s scorecard provides a benchmark for the 2019 Corporate Equality Index, which rates companies for workforce protections, non-discrimination practices, equitable benefits and supportiveness for an inclusive culture. This year, IHS Markit earned a perfect rating (40/40) on the scorecard, netting recognition as one of the Best Places
Drawbridge Partners, a cybersecurity consulting firm specialising in the needs of hedge fund and private equity managers, has appointed Viktor Tadijanovic as Chief Technology Officer (CTO).
In this role, Tadijanovic will oversee the company’s overall technology strategy and lead the engineering, product and customer engagement teams.
With deep expertise in the financial services sector, Tadijanovic brings more than 20 years of IT governance, technology architecture, platform development and corporate strategy experience to Drawbridge. Tadijanovic most recently served as Chief Strategy Officer at Abacus Group and was responsible for corporate development initiatives. As a founding member of Abacus Group in
The Standards Board for Alternative Investments (SBAI) has launched its Alternative Credit Working Group to explore current institutional investor priorities in the credit space, as well as standards and practices.
The Standards Board has also welcomed Angelo Gordon, Bridgewater Associates and Magnetar Capital as new Core Supporters.
The Alternative Credit Working Group will explore a wide variety of topics in the credit space, including managing conflicts of interests, investor transparency requirements and valuation of credit investments. The launch event on 12 March in New York, brought together leading credit investors and managers and was hosted by New Holland Capital,
Crestbridge has moved to new larger office premises in Luxembourg as a result of a recent expansion of its team in the jurisdiction and ahead of anticipated future business growth.
As from 1 April 2019, Crestbridge’s Luxembourg office, which will mark its tenth anniversary next year, will be at 1 Boulevard de la Foire, premises that offer greater scope for future expansion.
The firm has seen considerable growth in business flows and headcount in recent months. Over the past year alone, the firm has grown its Luxembourg team by over 69%, whilst it also recently strengthened its senior team with
