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IHS Markit’s MarkitSERV now offers integration with BidFX, an industry leading execution management system (EMS) in the USD5 trillion daily FX market, for straight through post-trade processing of FX trades, including FX spot, forwards, swaps and NDFs.
In working with BidFX and other FX trading venues on its network, MarkitSERV delivers a comprehensive, flexible STP solution for FX trading which includes a hosted service to disseminate trades from execution venues to clients’ internal trade capture and risk systems. The low latency service eliminates manual trade booking and provides real-time trade notification, position and P&L updates, confirmation of dealt trades, and
Omniex, an investment and trading platform for institutional investors in crypto-assets, has completed a new round of enhancements to its offering.
In addition, the firm has announced a number of initial clients including Circle, Jump Trading, OSL, Galaxy IP, BKCM, Crescent Crypto, DV Chain, Wyre and others.
Omniex Edge is a purpose-built platform to handle the unique market challenges for institutions seeking exposure to crypto assets. It provides an end-to-end solution for portfolio and risk management, trade execution, investment operations and compliance to support the needs of buy-side and sell-side institutions.
“With Omniex, we feel equipped to handle
The Eurekahedge Hedge Fund Index was flat-to-marginally positive at 0.05 per cent during August, trailing the MSCI AC World Index (Local) which gained 1.06 per cent over the month.
The Eurekahedge North American Hedge Fund Index maintained its lead gaining 0.84 per cent in August, with underlying long/short equities focused managers up 1.57 per cent during the month. European fund managers posted losses in August of 0.28 per cent, bringing their year-to-date gains down to 0.41 per cent. Rising tensions between the US and China over trade continued to weigh on market sentiment, with Asian hedge fund managers posting their
Hedge funds gained 0.42 per cent in August according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 3.26 per cent increase in the S&P 500 Total Return Index.
Year to date, the Barclay Hedge Fund Index is up 1.55 per cent, while the S&P has gained 9.94 per cent.
“New all-time highs for the S&P 500 and Nasdaq coupled with a rally in US Treasuries helped set the stage for another profitable month for hedge funds,” says Sol Waksman, founder and president of BarclayHedge.
Overall, 15 of Barclay’s 17 hedge fund indices gained
AcadiaSoft, a provider of margin automation solutions worldwide, is offering two new services to streamline the generation of inputs necessary for margin calculations using ISDA SIMM.
Market participants that are in-scope for the calculation of initial margin for uncleared derivatives can access risk sensitivities calculation services both through AcadiaSoft and through Bloomberg as an integrated part of their Bloomberg workflow.
The AcadiaSoft solution allows firms to take advantage of an automated process that begins with the submission of a trade file, incorporates a straight-through process on the AcadiaSoft Hub including AcadiaSoft’s Initial Margin Exposure Manager (IMEM) service, and
Beekeeper, a communication and operations platform for frontline workers, has raised an additional USD13 million as a part of its Series A extension round.
Atomico and Keen Venture Partners led the round with a diverse group of strategic investors including Samsung NEXT, Edenred Capital Partners (ECP), and Swiss Post who have joined Beekeeper’s mission to connect the nearly two billion non-desk workers who have been forgotten when it comes to digitalisation within companies. All existing key investors, including FYRFLY Venture Partners and investiere.ch, also participated in the round.
Aligning employees without email addresses or corporate devices with the entire
Ibis Capital, profiled in AlphaQ, a specialist education technology alternative investment manager, is to launch the world’s first education technology special purpose acquisition company, or SPAC.
The new company will be called EdTechX Holdings and will list on Nasdaq, according to a regulatory filing.
ExTechX Holdings intends to build a next generation education platform through the targeted acquisition, consolidation and development of established education, training and education technology businesses that are early adopters of technology and led by proven management teams.
IBIS Capital and Azimut Enterprises, a European independent asset management company with over USD61 billion of assets
DDH Graham Limited is now live with Fund Recs’ cash and position reconciliation modules. DDH, Fund Recs’ first Australian client, offers tailored and flexible funds management and administration solutions to the financial services sector.
Fund Recs Cash & Position Rec modules, part of the Velocity platform, ensure all open positions and cash balances held are auto-reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.
Alan Meaney, CEO of Fund Recs, says: “We are delighted to
QuantHouse, an independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, is to provide optimised direct access to Cboe market data via its QuantFEED and QuantLINK services.
With this new service, QuantHouse now provides clients access to all asset classes traded by Cboe from all QuantHouse data centres via a single API. This ensures connectivity to the exchange is optimised, and reduces the cost of trading for QuantHouse clients. The US-based QuantFEED Cboe low-latency market data feeds, including options, futures, equity options, global equities and FX, are delivered to clients
On the 10-year anniversary of the Lehman Brothers collapse, Jens Hagendorff, Professor of Finance at the University of Edinburgh Business School, explains why low levels of bank capital mean the financial system is still vulnerable…
The Lehman bankruptcy almost sent the global financial system into meltdown and 10 years on, it remains vulnerable. Increasing bond spreads in Italy, jitters in emerging markets, and the low market valuations of European banks show today’s investors are nervous.
Equity capital is the most effective absorber of bank losses. Since the Lehman collapse and the crisis that followed, many banks have increased their equity
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