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IPC has launched Global Exchange Reach, a solution that enables exchanges, alternative trading systems (ATSs), multilateral trading facilities (MTFs) and other liquidity venues located in one part of the world to attract order flow and distribute market data in new geographies.
The solution is already in production for Singapore Exchange (SGX) in North America where IPC manages the SGX Chicago Hub at CME Group's facility in Aurora, Illinois.
"Liquidity venues are increasingly looking to attract institutional investors, asset managers, hedge funds and market makers outside their primary market to fuel profitable and sustainable growth," says Anthony J Perrotta Jr (pictured), chief
- 29/03/2017
- 29/03/2017
The Project Sentinel collaboration is on track to deliver an industry-standard, fully MiFID II compliant platform by the fourth quarter of 2017.
Following assessments of technology providers in September 2016, a core group of banks have now committed to the implementation of a solution that has been designed over the last nine months.
Sentinel went through an accelerated cycle of requirement gathering, extensive RFI process to select the appropriate technology, material proof of concept of the key functionality, and in December the consortium moved into the implementation of the full solution.
This includes the delivery of technology and
- 29/03/2017
Nexthera Capital, a hedge fund manager focused on global therapeutics, has appointed Rael Mazansky as director of research.
Working with Nexthera’s co-founder and CIO Ori Hershkovitz (pictured), Mazansky will help drive Nexthera’s investment strategy of seeking high risk-adjusted returns from the healthcare and therapeutics sectors.
“We are excited to hire an individual with a long and impressive history in healthcare investing. Rael will strengthen our team as we continue to develop the best human capital to produce innovative research and guidance for the portfolio,” says Daniel Malek, co-founder and CEO. “Rael’s experience and perspective will help Nexthera attempt to capitalise
- 29/03/2017
State Street’ Global Investor Confidence Index (ICI) for March 2017 increased to 95.4, up 4.2 points from February’s revised reading of 91.2.
Confidence among the European investors improved with the European ICI rising 11.9 points to 95, up from February’s revised reading of 83.1.
The Asian ICI also rose from 104.3 to 109.6.
The North American ICI declined by 0.3 points from 91.9 to 91.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured) and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk
- 29/03/2017
Esprow, a provider of enterprise testing technology for the financial markets, has released a MiFID II adaptation of its ETP C-Box RegTech platform.
The update will automate MiFID II certification of exchange members and counterparties and allow any regulated firm to streamline inbound connectivity fast and accurately.
Investment banks face a challenge to certify the large number of counterparties on demand. According to MiFID RT6, sell-side firms are required to carry out testing of their trading systems every time “there are substantial changes to the trading system or to the access to the venue in which the algorithmic trading
- 29/03/2017
By Kulvinder Gill – The technology treadmill is a tough place to be these days. Technology refresh cycles last only a mere three years, forcing firms to replace their infrastructures and make costly software and hardware upgrades on a too-frequent basis. And with hedge fund budgets tighter than ever, many firms cannot afford to stay on this path.
But the hedge fund technology treadmill is not a firm’s only option. Costly in-house, ‘traditional’ IT services have given way to more cost-effective outsourced IT and managed services that get firms off the treadmill and on a path to success.
Let’s have
- 28/03/2017
Alternatives have become a more mature option for institutional allocators, yet the reporting obligations fueled by the constantly evolving regulatory landscape has become a challenge for a large number of alternative fund managers.
Whereas a decade ago, alternative fund managers could get away with basic investor reporting, delivered almost as an afterthought, in today’s marketplace the frequency and level of reporting detail that investors expect has risen substantially. This applies to all alternative products, not just hedge funds, as institutions look to gain a clear handle on how their entire portfolio is performing.
In Ernst & Young’s 2016 Global Hedge
- 28/03/2017
Hamilton Lane has appointed Lydia A Gavalis as general counsel and Frederick W Shaw as chief compliance officer, effective as 1 April.
Robert Cleveland, who served as general counsel at the firm for more than 16 years, will retire at the end of March.
Gavalis (pictured), who had previously served as deputy general counsel, will assume responsibility for all legal affairs globally.
“Bob has been an invaluable part of Hamilton Lane’s success and evolution, and it is with deep appreciation and gratitude that we thank him for his service and wish him well in his retirement,” says Mario
- 28/03/2017
BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has appointed Bradley Duke and Tim Bevan as co-chief executives of its UK entity, BCS Prime Brokerage (BCS UK).
BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies and business lines.
The decision to appoint two chief executives for BCS UK comes as headcount at BCS UK has grown to over 170 since the beginning of 2017 – with the establishment of a branch in Moscow of the FCA regulated UK entity, that now encompasses the
- 28/03/2017
Axioma, a provider of enterprise market risk and portfolio management solutions, has appointed Jacqueline Gaillard as managing director, people and talent.
Gaillard (pictured) was previously senior vice president, human resources and talent management at International Securities Exchange (ISE), the first all-electronic US options exchange.
“Jackie’s proven ability to help rapidly evolving and growing organisations to manage and attract the talent needed to succeed is a perfect fit for Axioma,” says Amaury Dauge, senior managing director and chief financial officer. “As Axioma’s growth continues to accelerate, a first-class support structure is critical to the achievement of our goals. We are
- 28/03/2017
- 28/03/2017
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