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Oyster Consulting has appointed Dale C Jackson as its Managing Director in Bermuda.
Jackson’s experience in compliance, business development, and within the Bermuda Government will help him grow the firm as Bermuda’s regulatory environment expands to meet the challenges of an evolving economy that includes the cryptocurrency and fintech industries.
Jackson (pictured), is a financial services professional whose experience includes business regulatory compliance, financial crime investigation, AML audit, oversight and reporting, due diligence and deal structuring, international commerce, issues management and risk management.
Prior to joining Oyster Consulting (Bermuda), Dale served as an AML Office Manager for a
IHS Markit, a specialist in critical information, analytics and solutions, has launched its Initial Margin Calculation Service with broad coverage for non-cleared derivatives across interest rates, equities, FX, credit and commodities.
A complex, five-phase international framework for posting initial margin began in 2016, and ISDA estimates more than 9,000 trading relationships and 1,000 counterparties will come into scope during the final phase of implementation in 2020. As this milestone approaches, asset managers face significant challenges in building or sourcing the data, risk sensitivity models and other tools required to calculate and manage initial margin.
The Initial Margin Calculation Service
The Stock Exchange of Thailand (SET) has signed a new licence agreement with Cinnober Financial Technology for a term of seven years, covering a multi-asset class trading platform for SET’s equities and derivatives markets, including index calculation and data dissemination functionality, built on Cinnober’s TRADExpress technology and the Scila market surveillance system.
SET has operated successfully using the software since September 2012, with a track record of 100 per cent uptime. During this period, the Thai exchange has strengthened its position in the market to become the most liquid equities exchange in the ASEAN region. In addition, derivatives trading volumes
Dash Financial Technologies has launched a new portfolio trading (PT) algorithm, a highly customisable workflow and execution solution with real-time transparency and analytics, allowing institutional clients to achieve their portfolio trading performance goals, however they choose to define them.
The algorithm was spearheaded by Dash’s PT group, led by industry veterans Barbara Francis (pictured), and Jennifer Hubbs, who leveraged their extensive experience consulting and executing for the largest buy-side institutions to design a seamless solution catering to a wide range of benchmarks and workflows.
“No two fund managers’ needs are exactly alike, and that’s especially true with portfolio trading,”
Cryptocurrency exchange platform ABCC has launched ABCC Cloud, a SaaS solution and a comprehensive suite of infrastructure to empower strategic partners and reach mutual benefits, including services of data, security, operating system, OTC trading, and finance.
ABCC aims for a long-term development in the blockchain technology and crypto ecosystem, thereby contributing to the ecosystem and empowering partners to build their own digital asset exchanges within a day.
By using the ABCC SaaS solution, ABCC says its partners can focus on business development and save manpower and resources on developing a platform from scratch. There are five core products and
The asset-weighted Mizuho-Eurekahedge Index – USD was down 0.41 per cent in August, underperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.05 per cent throughout the month.
Nearly half of the fund managers overseeing assets in excess of USD1 billion posted losses in August.
North American fund managers generated 1.04 per cent return in August, outperforming their peers from other regions, as they enjoyed the support of the underlying equity market rally. On a year-to-date basis, the mandate was up 3.39 per cent, indicating their resilience against the recent trade tension.
Long/short equities hedge fund managers managed
Sadis & Goldberg LLP has been named as the best North American Law Firm at the Hedgeweek USA Awards 2018.
The Annual Awards recognise excellence among hedge fund managers and service providers in the United States, and are based on a ‘peer review system’ whereby the Hedgeweek readers, including institutional and high net worth investors as well as managers and other industry professionals at fund administrators, prime brokers, custodian and advisers are invited to elect a ‘best in class’ in a series of categories.
Sadis & Goldberg has been involved with the creation of various investment products
The State Street Global Investor Confidence Index decreased to 88.3 in September, down 5.7 points from August’s revised reading of 94.0. Confidence among North American investors further declined, with the North American ICI decreasing from 92.0 to 84.5.
The Asian ICI also decreased by 2.5 points to 100.0. Meanwhile, the European ICI rose by 1.0 points to 101.0.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling
High management fees are a key hindrance preventing pension schemes from investing in hedge funds, followed closely by a lack of transparency regarding additional costs, according to the latest survey by AMX.
The research by AMX, an open architecture marketplace for the buying and selling of asset management services, surveyed 200 individuals with investment responsibilities for pension schemes. It reveals that other obstacles to investing in hedge funds are: insufficient risk reporting (32 per cent), difficulty of comparing fund performance (26 per cent) and inability to govern individual funds (25 per cent).
Oliver Jaegemann (pictured), Global Head of AMX,
The Commodity Futures Trading Commission (CFTC) has issued Orders against Adam Flavin and Peter Grady, traders at a commodity merchandising firm, filing and settling charges of attempted manipulation of the price of certain wheat futures and options contracts that were traded on the Chicago Board of Trade (CBOT).
James McDonald (pictured), CFTC Director of Enforcement, says: “This case shows the CFTC’s commitment to holding individual wrongdoers accountable for their misconduct. As this investigation shows, we will not stop at corporate charges but will work vigorously to ensure the individuals who carried out the wrongful acts are held accountable as well.”
