Latest News
BSO, an Ethernet network, cloud and hosting provider for financial institutions and high-frequency trading firms, has launched its official partnership with Amazon Web Services (AWS).
As an official AWS technology partner, BSO is delivering high-performance, reliable, secure, direct private connectivity to the Amazon Web Services (AWS) cloud from multiple data centres, offices and co-location environments via the dedicated AWS Direct Connect Service (DCS).
Customers are able to connect to AWS on-demand cloud and on-demand service resources from any of the 100+ PoPs currently on BSO’s global backbone. BSO are working with clients, wishing to scale and grow their businesses,
VTFinTech, a technology provider of index management and research evaluation services, has appointed Amar Rajani to its Board with immediate effect.
Rajani is the Founder and Managing Director of Argella, an advisory firm specialising in fintech with specialist knowledge in research, data and analytics. Prior to launching Argella, Amar spent 17 years at Bloomberg LP, where he was responsible for a range of products that serviced its core buy and sell-side clients.
Vishnu Thurpati, CEO of VTFinTech, says: “Amar’s knowledge and experience of portfolio, data and research workflows is invaluable for us as we grow VTFinTech’s core research
The Association for Financial Markets in Europe (AFME) has published an updated version of its Due Diligence Questionnaire (DDQ) which aims to harmonise and simplify the process of completing questionnaires for global custodians, sub custodians and banks that hold client money.
The aim of the document, now in its third iteration, is to reduce time and resources used by market participants to complete the annual due diligence process.
The AFME Due Diligence Questionnaire Task Force, comprised of approximately twenty Network Managers, diligently reviewed submissions proposed throughout the year by market participants.
Alan Cameron (pictured), Head of Market Strategy-Brokers,
ADM Capital, a Hong Kong and London-based private credit investment manager, has held the final close for its Asia Secured Lending Facility II, (ASLF II) with proceeds raised of USD178 million.
ASLF II received USD50 million and USD10 million in commitments, respectively, from the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and Calvert Impact Capital.
IFC, a member of the World Bank Group, alongside another investor, provided initial seed capital in 2016 and the Facility – also known as the Somei Lending Platform – has already made seven investments since its first close in
Monroe Capital (Monroe) has held the final close of its 2018 Monroe Capital Private Credit Fund III at USD1.33 billion of limited partner commitments with over 100 investors in eight countries, eclipsing the target of USD800 million.
When combined with target Fund leverage, the Fund will have more than USD2.5 billion of buying power or capital available for investment.
The fund will invest in private credit transactions originated and underwritten by Monroe. The investment strategy is focused primarily on senior secured loans and unitranche loans to private equity sponsored, independent sponsored, and non-sponsored middle market companies located throughout
IHS Markit, a specialist in critical information, analytics and solutions, has launched a new service that administers FIX connectivity for asset managers. The new offering enhances the managed service version of thinkFolio, the company’s order management (OMS) and portfolio modelling (PMS) solution.
By managing FIX connectivity on customers’ behalf, IHS Markit helps firms reduce cost and the technical complexity of self-administering a FIX network. Together, thinkFolio and the FIX network service give asset managers a comprehensive, hosted OMS and trading connectivity solution. The FIX connectivity service incorporates the NYFIX solution from Itiviti which connects over 1,500 trading partners via a global, low-latency
As discussed in the first part of our discussion with SEI on the potential of natural language processing (NLP) – click here to read – the company is currently in the early stages of exploring how NLP might enhance the way staff and clients interact with data. The aim of this initiative is to increase the overall level of engagement and grant users the flexibility to choose their preferred method of navigating information.
Ares Management Corporation has completed its conversion to a corporation under Delaware law and changed its name from Ares Management to Ares Management Corporation.
Since Ares had already elected to be taxed as a corporation for US federal and state income tax purposes effective 1 March 2018, no material tax or financial changes are expected from the state law conversion.
Existing common and preferred shares of Ares Management have been converted into Class A common and Series A Preferred shares of Ares Management Corporation, respectively. Following the conversion, the Class A common shares will have voting rights equivalent to
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has appointed Stephen Fromm as Vice Chairman of TigerRisk Capital Markets & Advisory.
“Steve Fromm is one of the most experienced and skilled insurance investment bankers in the industry today,” says Tony Ursano, President of TigerRisk Partners. “Over his 25-year career, Steve has played an important role in many of the deals that have shaped our industry. He is a sharp, strategic thinker and an invaluable addition as we continue to deliver unique and integrated risk, capital and strategic advice to our clients and prospects.
Omniex, an institutional investment and trading platform for crypto-assets, has extended its integration with top industry custody providers to include Kingdom Trust, a pioneer of crypto custody and one of the longest running custody providers in the space.
As part of its mission to make the end-to-end crypto investment and trading process as seamless as possible for clients, Omniex has been enhancing its post-trade processing component, the Omniex Settlement Center (OSC), for the OTC market.
“Whereas on-exchange the crypto settlement process is taken care of by the exchange, in the OTC space it has been like going back to
