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AcadiaSoft Inc, a provider of risk and collateral management services for the non-cleared derivatives community, is to launch an Initial Margin (IM) Monitoring Service.
The service is designed to provide IM Phase 4 and Phase 5 firms with the ability to monitor their IM exposure and compare it to their estimated IM threshold in order to postpone negotiation and implementation of required legal documents. Once a firm meets their maximum IM threshold, the service will automatically trigger the onboarding process for CSA (Credit Support Annex) and custody agreement negotiation.
The upcoming service is in response to guidance recently issued
Stable, a venture backed fintech aiming to disrupt the commodity price risk management (CPRM) industry, has launched a risk management platform which is initially focussed on food and farming businesses in over 15 countries around the world.
Stable has raised USD6 million in seed funding from Anthemis, Syngenta Ventures, Baloise and Ascot Underwriting.
Price volatility is a major risk to sellers and buyers, yet the current financial tools to deal with price risk are currently designed for financiers, rather than farmers. Farmers require a minimum of 2000 acres to justify a Futures account, but less than 1 per cent
Mirador, a provider of bespoke portfolio-performance reporting solutions for high net-worth families, family offices, and wealth management firms, has partnered with Canoe Intelligence to improve and simplify reporting on alternative investments by eliminating manual data entry.
Today’s wealth managers and family offices manage complex portfolios that often include scores of alternative investments such as hedge funds, private equity and venture capital. As a result, these firms are inundated with thousands of documents annually, containing 200,000 or more transaction, valuation and performance data points. Canoe’s technology automates the extraction and management of these data points and documents, allowing firms to refocus
AkinovA Limited has selected Aquis Technologies, the financial and regulatory technologies arm of Aquis Exchange, to be part of its marketplace technology stack.
AkinovA and Aquis Technologies have already developed specific functionalities and services for use in AkinovA’s electronic marketplace for the transfer and trading of (re)insurance risks. AkinovA is incorporating Aquis’ suite of exchange technologies and services, including the market-leading Aquis Matching Engine (AME) together with its state-of-the-art Aquis Market Surveillance (AMS) system. Assistance in the post trade environment will involve reporting and a first line surveillance service.
Aquis will supply AkinovA with an institutional grade, high speed,
Hamilton Lane (NASDAQ: HLNE) has expanded its Business Development team, with the appointment of Jean Reynolds as Head of Consultant Relations and Stephanie Strid Davis as Principal of Intermediary Sales.
In their roles, Reynolds will focus on developing and managing relationships with the consultant community globally, while Davis will focus on financial intermediaries and platforms including broker dealers, wirehouses, RIAs and private banks. Both Reynolds and Davis are based in the firm’s Bala Cynwyd headquarters and report to Stephen Brennan, Hamilton Lane’s Global Head of Business Development.
“As the private markets continue to develop in complexity and scope, we’re
Nut Tree Capital Management (Nut Tree), one of the alternative managers within Investcorp’s Hedge Fund Partnership platform, has reached USD1 billion in assets under management. Investcorp first announced its strategic relationship with Nut Tree in late 2015.
“We congratulate the talented team at Nut Tree for achieving this notable milestone,” says Lionel Erdely (pictured), Head and Chief Investment Officer, Absolute Return Investments at Investcorp. “From the first day we met Jed and his team back in 2015, we have been confident in the firm’s holistic approach across the capital structure, focus on fundamental research and portfolio construction, and deep experience
Prestige Funds, a provider of private finance to the UK’s agriculture, clean energy and SME markets, has completed a GBP14.7 million funding deal to finance an anaerobic digestion (AD) plant in Kent.
The deal is the latest in a long series of financing agreements to fund anaerobic digestion facilities in the UK, which are helping farms and food business to process waste into energy. Prestige, via its specialist asset backed lending funds, provides funding for loans. The latest project, which is being managed by dedicated Finance Arranger and Project Manager Privilege Finance, part of the Prestige group of companies, is
The Commodity Futures Trading Commission (CFTC) has announced a whistleblower award totalling more than USD2 million to be paid to an individual whistleblower.
The CFTC granted the whistleblower’s award application for both a CFTC action and a related action brought by another federal regulator. In ordering the award, the CFTC recognises the contribution of a whistleblower in providing critical information through independent analysis of market data.
James McDonald, Director of CFTC’s Division of Enforcement, says: “The Commission is dedicated to working cooperatively with other federal regulators, and this case highlights how successful we can be when we appropriately share
ACA Compliance Group’s Head of Prudential Practice, Michael Chambers, comments on the agreement struck last week by the EU for new prudential rules for investment firms across Europe…
New agreement heralds tighter controls for financial firms operating in the EU
Having tracked the development of the new prudential framework for a number of years, it is promising to see that it’s approaching finalisation. We await further news to see which of the amendments proposed by the Parliament and Council make it into the adopted version.
While Brexit impacts all existing and developing EU legislation, it is highly unlikely that the UK will
PEGAS, the pan-European gas trading platform operated by Powernext, established a new monthly record on its TTF spot market in February with 47.97 TWh, eclipsing the previous high mark of 46.53 TWh set in January.
The total volume traded in February amounted to 182.5 TWh on the PEGAS platform, including 120.8 TWh on the spot and 61.8 GWh on the futures segments, which represents an increase of 4 per cent over last year (February 2018: 174.9 TWh).


Overall spot trading volumes in February reached 120.8 TWh , up 7 per cent from last year (February 2018: 112.4 TWh). With
