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MDX Technology (MDX), a provider of real-time data collaboration and distribution solutions for the trading community, has appointed Darren Bishop to help drive global business development activities and create innovative new product offerings.
Reporting to MDX CEO Paul Watmough, Bishop brings deep domain expertise, a unique understanding of the specialist needs of the MDX target customers, together with first-hand experience of building a specialist financial technology business.
Bishop’s impressive career spans some 30 years in the market data and credit & rates arenas. Most recently he was CEO at LiquidityChain, a TP ICAP backed venture. During this time, he
NEX Markets, a provider of electronic trading technology services in the fixed income and foreign exchange (FX) markets, has released a new report highlighting greater transparency and improved behaviour in the FX market since the Global FX Code came into effect in May 2017.
In the report titled ‘The FX Global Code: changing transparency and behaviour’, NEX Markets has witnessed a significant reduction in hold times, reject rates and a tightening of spreads on the bilateral EBS Direct platform. This suggests an industry-wide move for greater transparency and improved market behaviour.
Of the top 10 liquidity providers (LPs) on
London-based broker-dealer BTIG Limited has appointed Christopher Rollins as its Chief Executive Officer CEO, effective immediately.
Rollins (pictured), assumes leadership of the firm following a successful role as Managing Director, International Equities, and Head of US Execution Services at BTIG, LLC in New York.
He will be tasked with expanding BTIG’s existing suite of multi-asset class products, and accelerating the growth of its geographical footprint across Europe. Prior to BTIG, Rollins spent more than 15 years at Goldman Sachs in several key leadership roles including Managing Director and Co-Head of European Execution Services in London. Previously, he spent over a decade
Carey Olsen’s corporate team in Jersey has acted on the launch of the GNY Token by gny.io Limited – one of the first initial coin offerings (ICOs) to receive consent from the Jersey Financial Services Commission (JFSC) since the publication of the JFSC’s ICO Guidance Note.
The GNY Token is a cryptographic utility token that enables its holder to gain digital access rights to a decentralised machine learning predictive platform for the blockchain. The GNY platform combines cutting edge machine learning with state-of-the-art algorithms to forecast user behaviour and to provide business, marketing and social impact solutions that are predictive,
SteelEye, a compliance technology and data analytics firm, has appointed Lee Jones as Chief Commercial Officer.
Lee brings with him over two decades’ experience in technology and sales across start-ups, private equity and large global enterprises. His appointment will help further SteelEye’s disruption of the data analytics market as it continues to expand and enhance its secure and scalable data storage platform for the benefit of its increasing list of global clients, including asset managers, hedge funds, forex and credit firms.
Prior to joining SteelEye, Lee was CEO of voice and data recording and analytics firm Redbox, where he
Active asset manager J O Hambro Capital Management (JOHCM) has appointed Aled Smith as Investment Director.
Smith will provide investment oversight to JOHCM’s 16 investment teams, based in London, Boston, New York and Singapore, as well as search for market-leading investment talent as the company seeks to add to its range of investment strategies over time.
Smith most recently served as Director, Equities Division at M&G Investments. During his 18 years’ service with M&G (2000-July 2018), he helped build the company’s Global Equities team into a highly-rated, multi-billion AUM business, managed a number of equity funds as well as
Pan-European cash equities trading MTF, Aquis Exchange, has achieved a record market share of 3.17 per cent for continuous trading for the month of August, up from 2.66 per cent in the previous month. On 23 August, market share hit an all-time high of 3.49 per cent.
The value of shares traded hit EUR21.7bn in August, versus EUR19.2bn in July and average daily volume was up 8.3 per cent on the trailing month. Other highlights include a market share of 4.89 per cent in the top Swiss stocks (SMI 20) and 4.71 per cent in the UK’s FTSE 250.
CTAs outperformed in the hedge fund space in August, delivering positive returns in the range of 2-3 per cent depending on the benchmark, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Their long exposures to bonds and equities were both rewarding. From a regional perspective, their cautious stance on European equities was supportive but short positions on US bonds detracted as Treasury yields fell. Meanwhile, their long energy/short gold positions on commodities were a source of gains.
Lyxor writes: “On a negative note, Global Macro and L/S Equity strategies underperformed. EM Macro funds got hammered by
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 52 per cent to 271.3 TWh in August (August 2017: 178.9 TWh).
In the Phelix products for Germany, Austria and Germany/Austria, volumes increased by 44 per cent to 153.2 TWh (August 2017: 106.1 TWh). Also on the markets for France (24.7 TWh, +18 per cent), Italy (40.3 TWh, +34 per cent) and the Netherlands (1.3 TWh, +14 per cent), EEX achieved clear double-digit growth. Options markets contributed 36.3 TWh to the total volume (August 2017: 10.8 TWh).
The August volume comprised 163.2 TWh traded at EEX
By Olivia Munro, EzeCastle Integration – When it comes to cloud terminology, the definitions can be…cloudy…for lack of a better word. While cloud computing is considered a business imperative, it can be complicated trying to decipher which model is best for your firm. Traditionally, the financial sector has outsourced to the private cloud due to the security it provides around the industry’s highly classified and sensitive data. Now, many firms are moving to a hybrid cloud strategy, a mix of public and private cloud models.
Recently, we’ve seen a new model emerge: the multi-cloud strategy. While the multi-cloud
