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Avelacom, a connectivity and IT infrastructure solutions provider for the financial services industry, has partnered with XTRD to provide ultra-reliable and low latency access to all major crypto exchanges globally.
Sub-millisecond market data and order routing, delivered over the Avelacom network will help XTRD to aggregate liquidity across exchanges in Asia, Europe and the US in the fastest way. Banks, hedge funds and large institutional traders can easily access new markets in addition to traditional financial exchanges and ECNs. In particular, this partnership enables improved arbitrage strategies across top ten Asian cryptocurrency exchanges such as BitMEX, Binance, Bittrex, Huobi and OKEx.
European law firm Fieldfisher has appointed Matthew Williams as corporate partner and Co-Head of Energy and Natural Resources, based in London and Birmingham.
Williams joins the firm from Orrick, where he was Co-Head of their European Energy Practice.
From January 2019, Williams will help lead Fieldfisher’s power and renewables practices – areas in which he is an established and highly respected transactional lawyer. He has extensive experience in project finance, M&A, commodity trading and corporate restructuring, having worked with a wide range of clients including power generators, energy utilities, investment banks and private trading houses.
Prior to Orrick,
Northern Trust is to acquire BEx, a provider of foreign exchange (FX) software solutions, to drive innovation and growth in its Global Foreign Exchange business.
The acquisition will give Northern Trust ownership of a platform providing algorithmic FX trading, global liquidity aggregation and transparency in execution and pricing to institutional clients worldwide. The agreement builds on an exclusive partnership between Northern Trust and BEx announced in 2016.
“BEx has been a key differentiator for Northern Trust, increasing the depth and breadth of our global FX execution capabilities,” says Pete Cherecwich (pictured), President of Corporate & Institutional Services (C&IS) at
By Andrew Millar & Gerrard Finnegan, Estera – While New Year is generally a time of celebration, recent history has shown that it can also ring in a regulatory deadline or two. As the world welcomed in 2018, Europe saw the Markets in Financial Instruments Directive (MiFID II) come into force. And later this year, it’s the turn of the Cayman Islands, with a final deadline for the revised Proceeds of Crime Law landing on 31 December.
The revised Law has broadened the scope of entities that are subject to the Cayman Islands’ anti-money laundering (AML) laws and regulations. It
ErisX has closed a Series B funding from a group of investors spanning both the traditional capital and digital asset markets including Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures (NDAQ) and TradeStation Securities’ parent company, Monex Group Inc.
ErisX is receiving additional support from existing investors including CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners.
Led by Chief Executive Officer Thomas Chippas, Chief Commercial Officer Kelly Brown and Head of Clearing Liz James, among other derivatives and digital asset experts, ErisX will operate an intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organisation (registration
PEGAS, the pan-European gas trading platform operated by Powernext, reported its best monthly volume in 2018 with 193.3 TWh traded in November. Once again, the spot segment posted a strong activity with 103.9 TWh, including the highest traded volume on PEGAS TTF Spot with 42.1 TWh (previous record: 41.3 TWh in March 2018).
Spot trading volumes in November reached 103.9 TWh , up 40 per cent over the previous year (74.3 TWh). With its new record (42.1 TWh), the Dutch TTF market saw an increase of over 90 per cent (November 2017: 22.1 TWh). The German delivery zones NCG and
Accountancy and business advisory firm BDO has appointed a new audit partner to join its expanding financial services team.
Ariel Grosberg joins BDO following 15 years at PwC working across retail banking, brokerage houses, hedge funds, leasing, and corporate treasury firms.
His client base ranges from FTSE 100 and FTSE 250 companies, building societies and UK subsidiaries of overseas parents.
Grosberg, who is the third partner to join the financial services team at BDO in 18 months, says: “The UK, and London in particular, is home to one of the most dynamic financial economies globally. BDO’s financial services
CryptoCompare, a global cryptocurrency market data provider, has launched new API service in response to customer demand for more complex and highly scalable cryptocurrency data solutions.
CryptoCompare provides real-time, high-quality and reliable market and pricing data on 5,600-plus coins and 260,000-plus currency pairs globally, bridging the gap between the crypto asset and traditional financial markets. In addition, CryptoCompare has a strong track record investing in data methodology and data accuracy, evidenced by the recent Taxonomy of Crypto Assets and the regular Monthly Exchange Reviews. These initiatives serve to bring rigour to the cryptocurrency market data and provide institutional and retail
The CFTC has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorised within the European Union (EU) to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs).
The amended order exempts four United Kingdom-based MTFs – Creditex Brokerage, Currenex, FX Connect, and Thomson Reuters – from SEF registration. These MTFs have been added to the CFTC’s original December 2017 order that exempted certain MTFs and organised trading facilities (OTFs) from the SEF registration requirement.
Under the December 2017 order, the CFTC allowed the European Commission to
The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs) for OTC Derivatives, has announced a new Product Committee membership for its second term.
The DSB values representation on a fair and equitable basis within the ISIN user community. Following extensive industry consultation and a lengthy invitation process for industry participation, distributed to all DSB users and other interested parties (over 2,800 individuals), the new Product Committee membership has been chosen based on experience, asset class and workflow expertise and geographical representation across all
