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VTFinTech, a provider of portfolio management and research evaluation services, has joined the OpenFin platform to deploy and deliver its Parity One software at scale to financial institutions.
The Parity One platform that is used by investment firms to build and manage systematic investment strategies end to end. Leveraging its factor-based approach to portfolio construction, its proprietary research evaluation methodologies combine quantitative and qualitative measures to evaluate research under MiFID II.
OpenFin is the first common desktop operating system designed specifically for users in the financial services industry. Used by the banks, brokers, asset managers and hedge funds, OpenFin
Cappitech, a leading provider of regulatory reporting and intelligence technology for the financial services industry, and Trax, a provider of capital market data, trade matching and regulatory reporting services, have entered into an agreement to enable mutual customers to streamline their MiFID II transaction reporting.
The agreement aims to allow financial institutions to meet their MiFID II reporting requirements seamlessly, including daily transaction reporting. Over 40 of Cappitech’s customers are already benefitting from the enhanced MiFID II transaction reporting that the integration offers including German insurance company, Provinzial NordWest; Swiss bank, Swissquote; and Irish broker, AvaTrade.
Ian Webb,
The European Fund and Asset Management Association (EFAMA) has appointed Tanguy van de Werve as its new Director General. He will take up his position on 1 January 2019.
Van de Werve (pictured), will be responsible for the implementation of the Association’s strategic agenda, and the leadership and management of the EFAMA secretariat in Brussels. He will also be the central spokesperson and representative for the European asset management industry with international policy makers, regulators, and other key industry stakeholders.
In a career spanning 25 years, Van de Werve has been instrumental in leading and managing successful advocacy campaigns
The Commodity Futures Trading Commission (CFTC) has issued two orders filing and settling charges against Victory Asset (Victory) and Michael D Franko for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – and the use of a manipulative scheme.
The scheme involved both domestic and international markets and occurred from at least May 2013 to July 2014. One aspect of scheme involved cross-market spoofing – spoofing in one market to benefit a position in another market, where the price of the two markets is generally correlated, particularly in the short term. Franko is
CAMRADATA, a provider of data and analysis for institutional investors, has launched a Private Markets Database giving investors who are looking for more diversification in their investments access to a new private markets screen within CAMRADATA Live.
CAMRADATA Live enables asset managers to showcase their strategies and allows institutional investors and investment consultants to analyse them all in one easy place. Over 2,500 investors and consultants use the portal to search and analyse nearly 6,000 investment products offered by more than 700 asset managers.
Now clients can search in eight private market categories – allowing them to make more informed investment decisions. These
Nikko Asset Management Co (Nikko AM) has established a Corporate Sustainability Department, bolstering its Environmental, Social, and Governance (ESG) commitments both in the way in which it manages itself and how it approaches investing.
Overseen by Representative Director and Executive Deputy President Junichi Sayato and led day-to-day from Tokyo by Global Head of Product & Marketing, and Head of Corporate Sustainability, Stefanie Drews, the Department guides the Firm’s internal ESG commitments and implementation and will work closely with investment teams globally to communicate developments in their approach to ESG in investment processes. Specific internal ESG commitments include nurturing diversity and
Post-financial crisis regulatory changes in derivatives trading have forced change on how UK pension funds and large asset managers conduct their business, according to Maxime Jeanniard du Dot, the COO of derivatives analytics firm OpenGamma.
The regulatory change means that many asset managers and pension funds will be posting initial margin for the first time. Financial institutions with a notional amount of non-centrally cleared derivatives greater than EUR1,500 billion will have to exchange initial margin this month.
OpenGamma estimates that a further 10 firms are expected to be pulled into this tranche, joining the big investment banks already in scope.
‘Wild West’ crypto-assets should be regulated according to the UK Treasury Committee which has published a unanimously-agreed report on crypto-assets for its Digital Currencies inquiry.
The report finds that problems include volatile prices, hacking vulnerabilities, minimal consumer protection, and anonymity aiding money laundering. At a minimum, regulation should address consumer protection and Anti-Money Laundering (AML), the committee says.
Blockchain is deemed currently slow, costly and energy-intensive, but there is potential for data storage uses.
The report says: “There are a number of examples of blockchain being deployed in the financial services industry and supply chain management. The Committee is supportive
Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, has added key Asia Pacific (APAC) exchanges to SuperFeed, its normalised Market Data Feed.
The initial implementation will deliver APAC exchange data to existing locations in Europe and North America. The exchanges being added to Vela’s SuperFeed include major futures and options markets within the region, specifically ASX24, Hong Kong Exchange, National Stock Exchange of India, Osaka Stock Exchange, and Singapore Stock Exchange, with further markets due to be added in 2019 as well as access points within the region.
Vela’s SuperFeed provides low-latency, normalised
QuantHouse, an independent global provider of end-to-end systematic trading solutions including market data services, an algo trading platform and infrastructure solutions, has added Enyx to the qh API ecosystem.
The addition of Enyx, a provider of low-latency, FPGA-based market data and order execution systems, provides trading firms with immediate access to a high performance, FPGA accelerated end-to-end market data service.
FPGA solutions have been predominantly leveraged by an elite few given the associated barriers to entry for dedicated platforms. To help reduce cost and time to market, Enyx and QuantHouse delivered, as a service, an FPGA accelerated hardware solution
