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Cryptocurrency exchange Bitstamp has selected Cinnober, a specialist in exchange and clearing technology solutions, to deliver its trading system for cryptocurrencies.
Bitstamp is replacing an in-house developed matching engine with Cinnober’s TRADExpress Trading System in a move aimed at increasing capacity and capabilities of its marketplace. The software will be hosted and operated by Bitstamp.
“This is a crucial step on our mission to bridge the gap between crypto and traditional finance,” says Nejc Kodrič, CEO of Bitstamp. “Our matching engine will be on par with traditional exchanges in both speed and throughput, once again placing Bitstamp on the
Alternative investment firm Värde Partners has appointed Mona Girotra as Global Head of Consultant Relations in its Business Development and Investor Relations group.
Based in New York, Mona will focus on developing Värde’s relationships with consultants and institutional advisers around the world. She will also work with a diverse group of institutional investors in the Americas.
“Consultants play a critical role in our industry, providing many of our investors around the globe with a range of services, including evaluating new products and opportunities, advising on portfolio construction and performing manager due diligence,” says Jon Fox, Partner and Global Head
Hedge fund returns since 26 October are up +0.5 per cent, primarily led by L/S Equity strategies, as investors’ hesitation gradually started to fade amid improving earnings reports, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
EM-focussed strategies also rebounded while other strategies were modestly up over the week. Disappointingly, Special Situations strategies have failed to fully capitalise yet on the early signs of rebounds.
Lyxor says: “The high correlation across credit issues and reduced dispersion have constrained managers. However, the disconnection between falling equity prices and credit markets, as well as managers’ cautious exposures,
Northern Trust has launched an alternatives platform to provide its wealth management clients with a source of total-portfolio risk diversification.
The ArcLine Alternatives managed account platform, developed in coordination with Lyxor Asset Management (Lyxor Americas), allows Northern Trust’s qualified wealth management clients to take advantage of hedge fund opportunities through the use of dedicated managed accounts which can provide greater transparency and customisation of liquidity, creating stronger manager and investor alignment. When fully developed, the platform will provide a carefully curated list of funds designed to meet the investment needs of increasingly sophisticated clients.
“We are constantly evaluating ways
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its highest monthly volume of 2018 in October with 191.5 TWh traded during the month.
A strong spot segment supported this increase, as well as a flurry of activities on TRS Spot ahead of the French zone merger leading to a final record with 8.2 TWh (previous record: 5.7 TWh in March 2018). The Options segment also registered a volume best since its launch with 2.4 TWh.
Spot trading volumes in October reached 106.3 TWh, up 41 per cent over the previous year (75.7 TWh). The Dutch TTF market
Saxo Bank has announced two changes to its Board of Management designed to further strengthen client focus, corporate governance and strategy execution.
Members of the Board of Management are appointed by the Board of Directors. The Board of Management now consists of CEO Kim Fournais (pictured), Deputy CEO and COO Søren Kyhl, CFRO Steen Blaafalk and CCO Damian Bunce.
The changes strengthen Saxo Bank’s leadership and accountability in the Board of Management in relation to clients, shareholders, Board of Directors, regulators and employees.
With Damian Bunce as a new member of the Board of Management, Saxo further increases
Allfunds Bank has launched Share Class, a search tool for stock classes of funds available in the market. Through this tool, Allfunds makes available to its customers all the information necessary to adapt to the regulatory requirements brought by the new MiFID II environment.
The search can be done using three main criteria – type of client, type of service and cost.
International managers have been expanding in the last decade the number of share classes available for their funds, in many cases, exceeding ten variants for the same product. This diversity causes a problem for distributors who
Fintech startup Sharegain, whose securities lending platform allows any investor to generate revenue through loaning out their financial assets, has raised a total of USD12 million (including USD5 million in the latest round) to support the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its operations with family offices and asset management firms in line with significant early demand.
The funding, over two rounds, comes from venture capital firms Blumberg Capital, Target Global, Maverick Ventures Israel, Rhodium and private investors from the financial industry.
For over 40 years, some of the
Neuberger Berman, a private, independent, employee-owned investment manager, has appointed Leen Meijaard, former Blackrock executive, as a senior advisor, effective 1 November.
Leen (pictured), will act as a consultant, advising on the Europe and Middle East institutional business, working with Dik van Lomwel, head of EMEA and LatAm.
Leen was a member of Blackrock’s EMEA executive committee for nearly a decade and held managing director roles at the firm, including most recently head of Blackrock EMEA iShares and previously head of Blackrock EMEA Institutional. Before joining Blackrock in 2002 he worked for Fidelity and Robeco.
Dik van Lomwel,
Trium Capital, the London-based independent specialist alternative asset manager, is partnering with Ellington Global Asset Management to launch The Ellington Trium Alternative Credit UCITS, a long/short credit UCITS fund.
The fund is set to be launched this quarter and will be seeded by the partners of Ellington.
The new Ellington Trium Alternative Credit UCITS Fund strategy will leverage Ellington’s expertise in RMBS, CMBS, CLOs and corporate credit relative value strategies. Ellington’s deep trading experience and proprietary models allow the group to seek to capture value in assets overlooked by other managers.
Founded in 1994, Ellington has experience managing
