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On Thursday 20 September, leaders of Canada’s financial services community and friends will gather on the trading floor of the historic Toronto Stock Exchange for the 15th Annual ‘Open Your Hearts to the Children’ Benefit, a fundraising evening in support of Help for Children/Hedge Funds Care (HFC) Canada.
All proceeds will go towards supporting local and national charities that are dedicated to the prevention and treatment of child abuse. Through the charitable goodwill of local industry professionals, HFC Canada was founded in 2003 as an affiliate of Help For Children, a global non-profit based in New York City whose mission
CubeLogic, a specialist in business intelligence-enabled risk management solutions, has opened a new office in Copenhagen, Denmark.
Headquartered in London, CubeLogic now has a physical presence in five key global business centres and anticipates further geographical expansion in future.
The continued political uncertainty surrounding BREXIT was a key consideration, with CubeLogic recognising the need to act to ensure that its business can continue to operate and expand seamlessly within the European Single Market, regardless of the eventual outcome of the BREXIT negotiations.
Tony Frangiamore, MD EMEA CubeLogic, says: “Global operations such as ours must be continuously vigilant and
INDOS Financial Limited is expanding its UK operations with the opening of a new operations centre in Fareham, Hampshire.
Headquartered in London since launch in 2012, INDOS has firmly established itself as the leading independent alternative investment fund depositary and oversight service provider, servicing over 115 funds across 75 clients. The business now employs 30 staff across three offices in London, County Wexford in Ireland, and Fareham.
The Fareham office, led by Emily Mackay (pictured), will become a core operational hub for the business, performing depositary oversight over private equity and real estate funds. The expansion is due to
In response to feedback from its most recent industry consultation, the Derivatives Service Bureau (DSB) is to create a strategic technology roadmap for OTC derivative identifiers.
The DSB is a fully automated generator of International Securities Identification Numbers (ISINs) for OTC derivatives and is the first numbering agency designed to operate on a global basis to meet the particular requirements of the derivatives markets, including near real-time allocation of ISINs.
The newly created Strategy Subcommittee of the DSB Technology Advisory Committee was developed in response to industry feedback, and will take forward the technology-related work of the original ISO
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
