Latest News
Euronext’s FastMatch consolidated central market data product, the FX Tape, is now available to all QuantHouse clients via the QuantHouse API Ecosystem store.
Euronext says its FastMatch FX Tape is the only consolidated FX tape available in the market, making pre- and post-trade benchmarking possible for the first time. The FX Tape includes transactions from a wide variety of market participants and sources, including FastMatch’s ECN, delivering a reference point for executed trades in the spot FX market.
Available globally as part of the QuantFeed product that normalises and disseminates market data for more than 140 feeds, FastMatch’s FX
Cryptocurrency exchange and custodian Gemini Trust (Gemini) has joined the BT Radianz Cloud, a secure networked financial cloud community which consists of thousands of brokers, institutions, exchanges and clearing and settlement houses.
Founded in 2014 by Cameron and Tyler Winklevoss, Gemini offers customers the ability to cross connect directly to its trading infrastructure – matching the sophistication of major global equities and derivatives exchanges. By joining the Radianz Cloud, Gemini taps its global market reach and ability to scale with a commercial structure familiar to large institutions. Institutions that are already members of the Radianz Cloud community can benefit from
Carillon Tower Advisers, a multi-boutique asset-management firm with USD64.6 billion in assets under management and advisement, is to acquire ClariVest Asset Management.
Effective April, ClariVest will become a wholly owned subsidiary of Carillon Tower’s affiliate, Eagle Asset Management. The move follows Eagle’s purchase of an initial 45 per cent stake in ClariVest in 2012.
“We deeply value the partnership we have built with ClariVest in recent years, and we look forward to achieving an even stronger connection between Carillon Tower’s distribution capabilities and ClariVest’s unique investment products,” says Cooper Abbott (pictured), President of Carillon Tower. “ClariVest’s distinctive approach and experienced
Fund administrator Apex Group (Apex) has acquired Beacon Fund Services (Bermuda) Ltd, Beacon Corporate Services Ltd and Beacon Management Ltd (Beacon). Apex is a portfolio company of Genstar Capital.
The acquisition of Beacon, a Bermuda-based fund administrator, adds USD10 billion in assets under administration (AUA) to the Apex Group’s portfolio.
Beacon was established in 1995 and delivers sophisticated service offerings to both offshore and domestic hedge funds and other international entities. Beacon’s addition to the Apex Group is another strong strategic and cultural fit given its independent business model and focus on delivering a personal approach customer service.
Beacon
Investors pulled a modest USD1.66 billion from the global hedge fund industry in January. However, strong hedge fund performance almost across the board in January offset those redemptions, lifting total industry assets to USD3.214 trillion, according to eVestment’s January 2019 Hedge Fund Asset Flows Report.
Multi-Strategy hedge funds saw a major turnaround in investor sentiment to start off the year, with investors adding USD4.34 billion to these funds in January. This is a major contrast to the -USD7.87 billion investors removed from Multi-Strategy funds in Q4 2018 and the -USD19.32 billion investors removed for full year 2018. It will be interesting
Hedge funds were up 0.4 per cent last week as measured by HFRX indices and are up 0.6 per cent so far in February, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “CTAs, which faced new difficulties since the beginning of 2019, outperformed during the period under review (up 1.3 per cent between February 13 and 20) on the back of their long European fixed income positioning. The strategy is up 0.5 per cent month-to-date and stands behind L/S Equity and Merger Arbitrage. However, alternative measures of CTA performance suggest they have done better
Intertrust has appointed Amit Taylor as head of corporate services in Guernsey and part of the new senior management team in the island.
Taylor (pictured), has over 20 years’ experience as a finance industry professional in the UK and in Guernsey. He moved to the island in 2010 to become managing director of HSBC’s fund administration and custody business. He then became group managing director of Trust Corporation before moving to Estera to become the Guernsey managing director.
He has expertise in the development and implementation of strategic plans, sales and business development, business management and in corporate, fiduciary
Independent equities broker Redburn is to implement Synapse, a new sales insight product from Feedstock.
Synapse captures every client email sent in and out of organisations and is designed to deliver enriched, automatically categorised CRM data using AI, whilst tracking how people engage with emails and their content. The system is designed for modern businesses tracking each communication, across every device without the need for email plugins, behaviour change or any manual inputs.
Feedstock says Synapse delivers 10-times more client insights than traditional CRMs for both the client facing operators and management teams. Legacy CRM systems produce incomplete and
With so much bandwidth being absorbed by the gravitational pull of Brexit, hedge fund managers could be forgiven for paying short shrift to the Senior Managers and Certification Regime, which formally comes into effect on 9 December 2019.
Set to replace the existing UK Approved Persons Regime (APR), it is a relatively straightforward regulation, intellectually speaking, and nowhere near as daunting as the 7,000 page tome of MiFID II, but even so managers are advised not to leave it too late to ensure senior managers have been properly trained and made aware of their roles and responsibilities.
As Robert Quinn
Marcus Swanepoel, CEO and Co-Founder of cryptocurrency exchange Luno gives comments on the launch of JP Morgan’s JPM Coin and what it means for the cryptocurrency market as a whole…
The announcement of JPM Coin has had little impact on the market because if you look under the hood, it’s not really a cryptocurrency. In reality, it’s a closed loop system that only JP Morgan uses, and only for their clients, as you need permission from JP Morgan to use its coin. Whereas, a genuine cryptocurrency is accessible to everyone. By running JMP coin solely on blockchain network Quorum, JP Morgan
