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Vela’s Metro trading platform has connected to the FIX order gateway at BNP Paribas, enabling BNP Paribas’ global clients to use Metro’s options pricing, execution, and risk management tools and enable seamless integration and market access to the BNP Paribas FIX order gateway.
Vela’s Metro trading platform is a high-performance, server-based system supporting automated, algorithmic and click trading strategies that underpin buy- and sell-side trading requirements. Offering a complete solution for options pricing, execution, and risk management, Metro provides traders with access to all major US and European options markets on a single platform.
John Nunziata, Head of Electronic
Theta Capital Management, one of the oldest and largest independent hedge fund specialists in the Netherlands, has appointed Marc de Kloe as a Partner.
De Kloe’s role at Theta will be to further develop the firm’s offering to an expanding client base and to work with the current team to provide additional robustness to the investment and operational processes.
De Kloe brings a great deal of industry experience, relations and knowledge in the hedge fund space as well as private credit, private equity, and traditional investments.
Marc is well known in the Netherlands as the former Head of
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for February 2019 measured 1.24 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.21 per cent in March.
“SS&C GlobeOp’s Capital Movement Index rose 0.21 per cent for March 2019, reflecting positive net flows,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Although slightly lower than the 0.41 per cent gain in net flows reported for the same period a year ago for March 2018, this result indicates stable allocations to the hedge fund sector, even after several months of
JTC has appointed Chris Corcoran as Client Director, Funds Services, as the firm continues to bolster its Guernsey-based funds capabilities.
Corcoran (pictured), has also been appointed to JTC’s Guernsey board and, in his new role, will play a key role in driving forward JTC’s growth strategy in the jurisdiction. This also follows the appointment of funds specialist James Tracey as Managing Director in Guernsey.
With almost two decades of experience in offshore financial services, Corcoran brings a strong and varied skillset to the role. Specialising in funds and with an in-depth understanding of the regulatory environment, he has held
Guernsey’s financial services regulator has signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit.
Guernsey has a market access agreement with the 28 Member States of the European Union under the EU’s Alternative Investment Fund Managers’ Directive. The agreement was made and signed with the European securities regulator, the European Securities and Markets Authority (ESMA).
Once the UK leaves the European Union at the end of this month, it will cease to be a signatory to the agreement, and so the separate MoU has
The Depository Trust & Clearing Corporation (DTCC) has published a white paper that outlines function-based guiding principles for regulators and market participants for the post-trade processing of tokenised securities.
The market for trading crypto assets that are security tokens where the post-trade processing uses distributed ledger technology (DLT), has created a need for safety, security and reliability around these transactions to protect market stability.
DTCC highlights that DLT introduces characteristics that are distinct from the market structure for traditional securities, therefore creating unique requirements in the design and application of appropriate regulations and post-trade processing structures.
Global standards
Confluence, a specialist in investment data management automation for regulatory, financial and investor reporting, has appointed Jory Wheeler has joined the firm as Senior Vice President of Engineering.
In this role, he is responsible for managing all aspects of the software development process so that Confluence can continue to deliver industry-leading data management products for its asset, fund management and service provider clients. The role was created to streamline and strengthen the development process for Confluence’s data aggregation, management and reporting solutions that help optimise performance, regulatory reporting and investor communications for many of the world’s top financial companies. Wheeler
Spring Valley Asset Management (SVAM) has launched the SVAM Diversified Alpha Portfolio, a multi-dimensional, systematic trading system which applies creative modelling techniques to a rich set of fundamental and technical features across short, medium, and long-term horizons (from one day to three months) that aim to capture both direction and divergence across liquid global futures markets.
The application of sophisticated and robust risk management systems allows SVAM to dynamically budget, neutralise, and target risk. SVAM says this combination of fundamental and technical data, along with risk: neutralising and targeting, makes the Diversified Alpha Portfolio a complement to the Tactical Trend
Refinitiv has appointed Leon Saunders Calvert as Head of Sustainable Investing & Fund Ratings, a newly created role that brings together Refinitiv’s ESG Sustainable Investing and Lipper Fund Ratings businesses to increase focus on unearthing links between sustainable business strategies and financial performance.
As asset owners and investors increasingly make strategic investment decisions based on Environment, Social and Governance (ESG) factors, Refinitiv is committed to providing insight and transparency around the link between sustainability and financial performance, and plans to increase the universe of corporates covered in its ESG database while initiating ESG scores on public mutual funds.
“As
PEF Services, a fund administrator for alternative investment managers, has promoted Emily Chen and Delphine Jones, CPA to Managing Directors within the firm’s Client Services group, reporting to PEF Chief Operating Officer Beth Manzi.
Chen and Jones each lead PEF Client Services teams responsible for the relationships and services provided to PEF clients including fund accounting, financial reporting and SBIC compliance, and investor services for PEF’s clients and their investors.


Chen’s career includes over 15 years’ experience in alternative asset fund administration. In addition to managing accounting and reporting services, Emily’s team is responsible for PEF’s fund accounting technology platform, Investran. Prior
