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BNP Paribas has selected FIS’ Cleared Derivatives Margin Advisor, a solution that enables sell-side firms, investment funds and institutional investors to better assess and calculate initial margin requirements on cleared derivatives portfolios.
FIS’ Cleared Derivatives Margin Advisor replicates margin requirements for current or hypothetical portfolios in real-time across the diverse exchange traded derivatives market supported by FIS post-trade systems. The solution can connect with FIS back-office systems or integrate into any trading or position-management system to provide an automated calculation for initial margin. Because it is cloud-based, FIS’ Cleared Derivatives Margin Advisor is quick to deploy and easily scales to
The Gemini Companies (Gemini) has shared insights (via a recording) from a recent event they hosted in Boston featuring experienced accounting, tax, and audit professionals.
The panel, “Current Developments in Audit,” was moderated by Joe Breslin, Audit Committee Chairman of Northern Lights Fund Trust IV, and featured perspectives from: Scott Mackey, Partner at RSM US LLP; John Braun, Partner at BBD, LLP; Jeff Haneline, Senior Manager at Cohen & Company; and Wendy Wang, Senior Vice President of Tax & Compliance for Gemini.
Panel participants covered a range of topics during the conversation, including:
SEC disclosure updates and simplification
London-based asset management consultancy, MJ Hudson, has acquired Amaces, a data and analytics firm, which provides tools and consulting services to help institutional investors benchmark and monitor the cost and quality of the investor services they receive from their custodian banks.
The firm also provides innovative tools and related consulting services in the field of FX transaction cost analysis.
Founded in 2002 by two senior treasury and custody principals that worked together at Chase Manhattan (now JP Morgan) and then Citibank, Amaces has an established customer base and operations in Europe, as well as in the United States
The Financial Services Information Sharing and Analysis Center (FS-ISAC), has appointed Steven Silberstein as President and Chief Executive Officer (CEO), effective 1 January 2019.
FS-ISAC is a non-profit member-driven organisation that helps to assure the resilience and continuity of the global financial services sector.
In his new role, Silberstein will be responsible for expanding FS-ISAC membership and its products, services and resources, while continuing to embody its non-profit mission. He will lead efforts to increase the value of information sharing in the sector and improve how member organisations share critical information. Close collaboration between members and external stakeholders, including
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
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