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The European Securities and Markets Authority (ESMA) has published a statement addressing EMIR Refit implementation.
The public statement addresses issues around the clearing and trading obligations for small financial counterparties and the backloading requirement for reporting entities, ahead of upcoming deadlines, which would represent challenges for the above mention entities in the context of the ongoing EMIR Refit negotiations.
ESMA is aware of challenges that certain small financial counterparties would face to prepare for the 21 June 2019 deadline to start CCP clearing and trading on trading venues some of their OTC derivative contracts.
Given that the
Apex Group (Apex) and Genstar Capital (Genstar) have acquired the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division.
The acquisition increases Apex’s global assets under administration (AUA) to nearly USD600 billion.
The acquisition substantially bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland. In addition, the businesses have an established and robust service infrastructure, administering and safeguarding assets across seven highly-regulated European jurisdictions. Combined, the Apex Group’s service offering now spans fund administration, banking and depositary solutions, a comprehensive middle office offering and
The International Stock Exchange (TISE) has been approved as a Designated Offshore Securities Market (DOSM) by the US Securities and Exchange Commission (SEC).
The recognition from the federal regulator means that securities listed on TISE can be issued and resold in a more streamlined manner.
Fiona Le Poidevin (pictured), CEO of The International Stock Exchange Group (TISEG), says: “I am delighted that we have been successful in our application to the US SEC for recognition of TISE as a DOSM. This approval is a significant endorsement of the standards of governance by which we operate our market and adds
Broadridge Financial Solutions has acquired certain private fund regulatory reporting capabilities from PivotData, a data warehouse and compliance reporting solutions platform for the investment community, and its partner Sol Hedge.
Broadridge will leverage their capabilities to help private fund asset managers meet their regulatory reporting requirements.
These regulatory reporting capabilities will complement Broadridge’s existing reporting solutions, helping clients gather appropriate data, calculate what information is needed from a submission perspective and submit data to the appropriate authorities. PivotData and Sol Hedge’s proprietary data transformation, normalisation and load (ETL) processes and in-house compliance experience will provide clients with a reliable,
AKJ Crypto plc, a crypto platform and security token issuer for hedge fund managers and institutional investors, has promoted Neal Mitra to the role of Chief Executive Officer.
Mitra will replace interim CEO and AKJ Group founder Anders Kvamme Jensen, who will remain the company’s Chairman.
Mitra originally joined AKJ Crypto in 2018 as its Chief Administrative Officer. He was previously with Argon Group, an investment bank focused on cryptocurrency and the token-based capital markets. His career in global financial services and FinTech spans more than two decades, including work as a corporate advisor, venture capital and private equity investor, management consultant and entrepreneur. Mitra has
Hedge fund allocations from the fast-growing family office sector are set to increase during 2019, according to data released by Family Office Networks (FON).
According to the network of 10,000 global family offices with USD15 trillion in assets, the appetite for various hedge fund strategies is increasing, with more capital being allocated to traditional Long/Short, Global Macro and Managed Futures strategies as a hedge against recent volatility in the marketplace. In addition, FON is seeing newer strategies grow in popularity for investment such as blockchain, artificial intelligence and cannabis funds.
“Roughly 30 per cent of the family offices that
B2C2 OTC, the UK subsidiary of cryptocurrency liquidity provider and electronic OTC trading specialist iB2C2, is now authorised and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients.
The FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets via the firm’s CFDs.
Max Boonen (pictured), Founder and CEO of B2C2, says: “We are excited to have received authorisation from the FCA to introduce a cryptocurrency CFD product. Eligible counterparties and professional clients can now gain derivative exposure to the
Luminex Trading & Analytics has launched Luminex 2.0, a new user interface for its buy side-only trading venue.
Luminex says the enhancements represent a significant upgrade to the platform and were developed in consultation with clients to simplify workflows and create a more intuitive overall experience. The more flexible user interface enables traders to customise their workspace with more than 50 performance, cost and execution data points.
Built on OpenFin technology, Luminex 2.0 works seamlessly with other trading and financial services applications and is designed to make implementations of future enhancements easier, with minimal disruption to users and support
Mintz has added to its market-leading corporate practice with the appointment of attorney Loretta Shaw-Lorello, who joins the firm as a Member.
Shaw-Lorello was most recently vice-chair of the Private Funds practice at Covington & Burling, as well as a partner in the Private Equity practice.
Shaw-Lorello has a multifaceted private equity and investment funds practice that encompasses advising private equity fund sponsors on a broad range of issues with respect to fund formation, operation and regulatory compliance. She has extensive experience in representing clients in the formation and operation of buyout funds, venture capital funds, real estate funds,
BCS Americas (BCSA), a division of BCS Global Markets (BCS GM), has launched a new trading platform that will provide global equity execution and settlement capabilities to institutional investors with access to a suite of algorithmic trading tools accessible 24 hours a day, five days a week.
BCS GM first unlocked Russian markets for US investors with the launch of BCS Americas in 2016. BCS Americas’ trading desk is run by experienced traders with expertise in algorithmic trading and aggregating liquidity across multiple execution venues.
The Algo Suite includes a robust pairs trading offering and BCS Americas’ SOR capabilities
