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Bourse Scot Limited, the company aiming to create a stock exchange in Scotland, has selected Optiq, the trading platform of the pan-European Exchange Group, to power the new venue.
The arrangement enables Bourse Scot’s initiative – known as Project Heather – to benefit from Euronext’s technology, which has been running Euronext’s own markets since June of this year. Euronext will also provide Bourse Scot with technical and operational services once the new stock exchange is live. The Scottish Stock Exchange aims to be ready for trading in the second half of 2019.
Tomas Carruthers, Chief Executive of Bourse Scot,
The global hedge fund industry returned -0.31 per cent in November, bringing year-to-date returns to -2.81 per cent and marking the fourth consecutive month of negative industry returns, according to the just released eVestment November 2018 hedge fund performance data.
The negative 2018 YTD numbers are in stark contrast to the +8.96 per cent aggregate return the industry saw in 2017. And while almost all segments of the hedge fund industry put up positive results in 2017, The vast majority of fund types are negative so far this year.
Among primary hedge fund markets, Volatility/Options Strategies were the only
Capital markets software firm genesis and OpenFin are partnering to provide clients with scalable and interoperable technology and desktop solutions, built and deployed at great speed.
The partnership aims to help drive front to back office digital transformation projects across capital markets – from the server to the desktop – bringing together genesis’ ability for agile software development and OpenFin’s application interoperability across financial desktops.
genesis provides a micro-services technology framework designed specifically for the world of capital markets, to address the digitisation challenges participants face as they look to meet the growing demand for smarter, end-to-end workflows
Axioma, a provider of enterprise risk management, portfolio management and regulatory reporting solutions, has added a new Emerging Markets risk model (AXEM4) to its Equity Factor Risk Model Suite.
AXEM4 incorporates the latest methodologies and research, plus a deep daily history with historical coverage since 1997, enabling investment managers to obtain a better picture of emerging markets’ exposures, risk and investment performance.
“The market environment can change fast, especially this year,” says Joel Coverdale (pictured), Managing Director, Asia Pacific, at Axioma. “With pressing global events, such as the US-China trade war, looming over markets, the only way to sleep well
RBC Global Asset Management (RBC GAM) is to strengthen its responsible investing and impact investing team in the United States with two new senior management roles.
Ron Homer, Managing Director, Institutional Portfolio Manager and President, Access Capital Strategies has assumed the new role of Chief Strategist of Impact Investing for the US, and Catherine Banat, Institutional Portfolio Manager has assumed the new role of Director of Responsible Investing in the US.
Homer will be responsible for educating investors on the potential role of impact investments in their portfolios and working with clients and prospects to match their unique investment
OSMO Partners, a provider of outsourced front, middle and back office services has deployed Watson Wheatley’s iRecs system to provide daily trades, positions, cash and balance reconciliation along with NAV, balance sheet and EMIR/DTCC reconciliations.
Daily, monthly and ad-hoc reporting from iRecs will also be used to streamline operational processes and keep a tight audit trail on any breaks or issues raised.
Richard Harris, COO, OSMO Partners, says: “OSMO spent significant time reviewing the various market offerings within the automated reconciliations space. Following a full due diligence process and a number of recommendations we selected Watson Wheatley to provide
Finitive, a financial technology platform providing institutional investors with direct access to alternative lending investments, has added seasoned fintech investor and executive Neil Wolfson to its board of directors.
Wolfson, who has significant public company board experience, spent the last decade as President and CIO of SF Capital Group. In this role he oversaw all debt and equity investing, asset allocation, and investment management for the billion-dollar multi-generational family office. At SF Capital he invested in over 30 direct debt and equity investments in emerging technology companies with a focus on fintech companies.
“Finitive has established an innovative platform
Analytics Ventures, a fund dedicated to creating and building venture companies that harness the power of artificial intelligence (AI) technologies, has added AlphaTrAI – a proprietary AI-based automated trading platform that fuses the latest explainable AI (XAI) techniques with multiple sophisticated trading strategies – to its venture portfolio.
With three-year back-testing results extending into the current volatile trading atmosphere, AlphaTrAI has outperformed the Standard & Poor’s (S&P) 500. The company is now moving to live, real-time trading for the next phase of validation.
“AlphaTrAI consistently outperformed top hedge funds during back testing due to the proprietary end-to-end trading algorithms
Krypton Fund Services Holdings Ltd, a boutique independent fund services company based in Bermuda, has selected Pacific Fund Systems’ PFS-PAXUS fund administration system for its third-party fund administration business operations.
An established market-leading product, PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution that includes regulatory reporting, on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
Krypton provides fund administration, registrar and transfer agent, regulatory reporting, project management and setup, to a wide range of family office investment portfolios, investment funds, private and special purpose
Crestbridge has appointed former Director General of the Jersey Financial Services Commission (JFSC), John Harris, as non-executive Chairman of the Crestbridge Group, effective 1 January 2019.
This newly created role reflects the significant success and growth of the Group, which now employs over 280 staff across its offices in Bahrain, the Cayman Islands, Jersey, London and Luxembourg.
Bringing extensive private and public sector experience in international financial services institutions to the role, Harris (pictured), will join Crestbridge as one of a small number of professional and non-executive director commitments following his retirement from the JFSC earlier in the year.
