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Fincross International (incorporated as RUBIX Financial Group Ltd) has received an in-principle approval for an investment banking license from the Financial Services Commission of Mauritius (FSC).
Led by former Société Générale CEO of the Middle East and Africa, Eddy Abramo, Fincross International is building an ecosystem of financial products and services based on proprietary distributed ledger technology, which it says will ‘revolutionise the creation, management, safeguarding and settlement of financial products and tokenised assets for institutional, corporate, intermediary and private clients’. The company is regulated by the FSC and has welcomed EY onto its advisory board.
Mauritius, an
Following a slightly challenging September period, CTAs reported negative performance in October, according to data released by Societe Generale.
All CTAs entered into negative territory, both for the month and YTD, with the SG CTA Index down 2.79 per cent and the SG Trend Index down 4.29 per cent. The short-term and quant macro strategies fared considerably better as the SG STTI Index was down marginally by 0.40 per cent.
Continuing from September’s slight drop, losses were driven primarily by trend-following strategies, with losses in commodities, equities and bonds. Commodities were a particular drag on results, with the upwards
Powernext has introduced new PEG Spot contracts on its trading platform PEGAS to accompany the merger of the PEG Nord and TRS hubs, which completed on 1 November 2018.
PEG Futures products were already available since 28 September 2018 and successfully traded during the month of October. The first PEG Spot instruments became tradable on PEGAS on 30 October 2018.
Benoit Pouzieux, Gas System Managing Director at GRTgaz, says: “The design of the selected solution was carefully elaborated together with market participants, French TSOs, and CRE (Commission de régulation de l’énergie), in the scope of the ‘Concertation Gaz’ process
LaSalle Investment Management (LaSalle) has launched LaSalle Global Partner Solutions (LaSalle GPS), a new fully integrated division dedicated to building robust, indirect investment portfolios by partnering with expert real estate operators across the world.
The launch follows the closing of La Salle’s acquisition of the Real Estate Multi-Manager business of Aviva Investors.
The new platform will offer a range of opportunities across private, public, debt and equity segments through investment in third-party and in-house funds, joint ventures, co-investments and secondaries.
LaSalle GPS will be led by CEO, Ed Casal, who joined LaSalle from Aviva Investors where he was
Natural language processing (NLP) is changing the way humans interact with machines in ways that were unthinkable a decade ago. Thanks to huge advances in machine learning, driven and supported by ever-faster computer processing, we are increasingly using NLP tools such as Amazon Alexa, Siri, Google assistant, Cortana, Bixby, and interacting with chatbots from our service providers.
LiquidX, a global network for illiquid assets, continued its rapid expansion in the third quarter, as the firm added new market participants, new products and new technology. The quarter was capped by a 43 per cent increase in September volume year over year.
That momentum continued into the beginning of the fourth quarter with a 76 per cent rise in volume in October.
“We are serving more clients in different parts of the world than ever before,” says Glenn Kocher (pictured), Managing Director at LiquidX. “We are rolling out new products and expanding our client base with institutional investors
Mosaic Smart Data (Mosaic), a real-time FICC data analytics company, has launched a new feature for its MSX platform enabling users to instantly generate text reports on their trading activity data using machine learning.
The feature will be available to all MSX users and will allow a trading activity report, which would take a member of staff hours to create, to be generated instantly.
Using a machine learning technique called natural language generation (NLG), MSX can generate trading activity reports on any set of analytics on the platform including both voice and electronic trade data. These reports highlight
ProMeritum Investment Management, an emerging markets fixed income manager focussing on Eastern Europe, Middle East and Africa (EEMEA), has appointed James Marshall as Director, Local Markets.
Marshall (pictured), will primarily be involved in the research and execution of the firm’s investment strategy in local markets, particularly sub-Saharan Africa. Previously, he was a Senior Portfolio Manager at Enko Capital Management (Enko).
Prior to Enko, Marshall worked at JP Morgan for 12 years, having joined that firm in 2005. At JP Morgan, Marshall was an Executive Director within Global Emerging Markets with responsibility for the sub-Saharan Africa Local Markets trading business.
Electronic US Treasuries (UST) trading venue LiquidityEdge has announced record trading volumes during October 2018.
Average daily trading volumes reached USD15 billion, whilst on 3 October, participants traded over USD22 billion in US Treasuries across both on-the-runs and off-the-runs.
The surge in activity has been driven by favourable market conditions and the growing popularity of the directed, disclosed model championed by LiquidityEdge. As the line between the traditional sell-side and buy-side continues to blur, participants are seeking more flexible methods of accessing liquidity, tighter prices and greater depth of market.
Since launching in September 2015, LiquidityEdge has rapidly
BNP Paribas Capital Partners (BNPP CP), BNP Paribas Asset Management’s alternative investments selection specialist, has appointed of Charlotte Laurent as Head of Sales.
Based in Paris, Laurent (pictured), joined in September and reports to Gilles Guerin, CEO of BNPP CP. In this newly-created role, she will be responsible for developing BNPP CP’s alternative offering with European investors, including pension funds, insurance companies, banks and family offices, with a key focus currently on BNP Paribas CP European Special Opportunities Debt Fund, a closed-ended fund of funds that recently held an initial closing.
BNPP CP offers a range of alternative investment
