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OpenFin has launched OpenFin Cloud Services, providing banks, asset managers, hedge fund and wealth management firms with their own FDC3-standard private app store and workspace management solution, eliminating the need for time-consuming and costly internal builds.
Driving digital strategy at many financial firms currently is the ‘app store’ concept: once functionality has been unbundled into discrete apps, there needs to be a place where organisations can curate and make discovery an intuitive experience for their employees. The challenge many firms face is that building this capability proves costly and time-consuming. OpenFin Cloud Services provides this functionality turnkey, eliminating the need
TradingScreen (TS), an all-asset class order and execution management system (OEMS), has formed a strategic partnership with BIDS Trading (BIDS), one of the largest block trading Alternative Trading System (ATS) by volume in the US and the technology behind Cboe LIS in Europe.
The new partnership will give the buy-side access to the largest block provider of liquidity in the US and Cboe LIS’ growing liquidity pool in Europe. Market participants can now benefit from quicker execution and access to orders that will promote competition and remove past inefficiencies of trading blocks of shares.
“With over 600 clients connected
The Eurekahedge Hedge Fund Index rose 2.35 per cent in January 2019, recording its strongest January performance since 2006 as fund managers recovered from the losses sustained during the last few months of 2018.
The index ended 2018 with its weakest yearly showing since the global financial crisis, as it slumped 4.16 per cent.
Despite the strong performance of the hedge fund industry, preliminary data for January revealed that investor redemptions stood at USD5.3 billion, in contrast to the USD22.1 billion performance-driven growth recorded. Total asset under management for the global hedge fund industry stood at USD2,309.2 billion as of January 2019.
ULTUMUS, a global provider of ETF, index and dividend forecast data, has formed a strategic data and technology alliance with NUVO PRIME, developers of SwapScale, an enterprise grade, swaps trading platform built for the cloud.
The partnership will provide mutual clients with the ability to better access and use ETF, index and dividend forecast data ensuring timeliness and accuracy for all aspects of swaps trading, pricing and reporting.
The prime finance space is rapidly evolving, not only as new companies come to market but also for incumbents who must now confront the high costs and inflexibility of legacy technology
genesis, an international capital markets software firm, has launched the Automated Quoting System (AQS) which aims to automate internal workflows between trading desks, institutional clients, asset managers and wealth managers, leaving traders free to focus on risk management and market opportunities.
All trading desks need to automate to meet their regulatory obligations and prove transparency. For fixed income desks this is a top priority, not just in the wake of the new regulation impacting the market, but to reduce costs, improve efficiency and redefine operating models.
In the journey towards electronification, trading desks often rely on legacy workflows; quotes,
The European Energy Exchange (EEX) has been awarded Recognised Overseas Investment Exchange (ROIE) status for the United Kingdom by the Financial Conduct Authority (FCA), effective from 21 February 2019.
The ROIE status ensures that the exchange will be able to continue to operate in the UK regardless of the consequences of the upcoming Brexit.
This follows confirmation that EEX’s clearing house, European Commodity Clearing (ECC) can benefit from the Temporary Recognition Regime by the Bank of England (BoE) which enables ECC to continue to offer clearing services in the UK for three years after Brexit should a No-Deal scenario
More than half (52 per cent) of senior decision-makers in financial services organisations across the US and Europe update or replace in-house solutions because they become technologically outdated. That’s according to a new in-depth study, commissioned by Asset Control.
Further underlining the ongoing need to adapt their in-house technology, 49 per cent of the sample said they were driven to schedule changes by ‘the increase in digitalisation within the business’ and 48 per cent by ‘the need to keep pace with the competition’.
All of this highlights the difficulties financial services firms face in implementing in-house systems. 94 per
Fund administrator Apex Group (Apex) has selected GoldenSource to deliver its centralised pricing and reference data service.
GoldenSource’s EDM SaaS solution is designed to deliver improved operating and cost efficiencies through the standardisation of data management across multiple business functions. Apex plans to leverage the platform to support its ongoing impressive growth trajectory with the smooth integration of systems and applications.
The Apex Group delivers a broad range of services to asset managers globally, from fund administration and corporate services to middle office, banking and depositary solutions. The group’s total asset under administration (AUM) is now USD600 billion with
Mackenzie Investments has launched three new liquid alternative funds designed to manage the negative impact of market volatility and improve portfolio stability.
The funds join the Mackenzie Multi-Strategy Absolute Return Fund to form a suite of alternative solutions that can be used to help clients solve investment challenges by amplifying returns, mitigating volatility and managing inflation risk over the long term.
“We can now take a modern approach to portfolio construction that will create opportunities for stronger, better-diversified portfolios and outcomes for our investors,” says Michael Schnitman, Senior Vice-President, Product at Mackenzie Investments. “By using liquid alternatives’ winning
The European Commission is to gain greater powers to oversee the activities of foreign financial firms operating in the European Union – including London-based firms post-Brexit – following an agreement reached late on Tuesday between EU governments and lawmakers.
The deal, which still requires a final rubber stamp from the European Parliament and the EU Council, confirms an agreement reached by EU states back in January and covers all investment firms that offer ‘bank-like’ services.
The European Commission says the agreement provides “more proportionate and effective prudential rules for investment firms (IFR) which will help to improve investment flows across
