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Saxo Bank Group has reported a positive net profit of DKK150 million for the first six months of 2018.
In a period with low market volatility and the introduction of a new competitive pricing structure, operating income for the Group reached DKK 1.51 billion, a decrease of 0.3 per cent compared to the first half of 2017. Client collateral deposits continued to rise to DKK 110.4 billion representing an increase of 7 per cent compared to the end of 2017.
Saxo Bank Group continued to strengthen its capital position with the total capital ratio for the Group reaching
The Vienna Stock Exchange is now distributing the first crypto index calculated by the LIMEYARD joint venture in cooperation with Decentriq, a specialist in distributed ledger technology.
The central data feed of the Vienna Stock Exchange reaches around 250 data customers from 68 countries.
The LIMEYARD Crypto Asset Index (LYCAI), calculated in USD and Bitcoin, consists of the top 20 crypto assets and is distributed realtime by the Vienna Stock Exchange. The composition of the index is rebalanced on a monthly basis to ensure maximum agility. In addition, the crypto index provides investors with maximum transparency by using public information
Thomson Reuters is now offering clients access to in-depth content from Real Vision, a video-on-demand service for financial and business media.
The agreement will enable banks, brokerage houses, asset managers, hedge funds and other Thomson Reuters’ clients to purchase Real Vision subscriptions for employees, and for retail investment customers to gain insight and make more informed investment decisions.
Real Vision video content will be available on the Reuters Insider online platform, which delivers interviews, financial data and other information to subscribers. Reuters Insider is available through both Thomson Reuters’ flagship desktop product Eikon and its T1 terminal.
Real
TABB Group has added two capital markets industry veterans, George Bollenbacher as head of fixed income research, and Russell Rhoads, as head of derivatives research.
Bollenbacher, a long time industry expert and thought leader, has spent twenty years as a bond trader and ten years in the capital market technology business, assisting banks, asset managers and custodians in implementing process and technology changes. He is the author of “The Professional’s Guide to the US Government Securities Market” and “The New Business of Banking,” as well as many articles on the evolution of the financial markets, many for TabbFORUM. He earned
SimCorp, a provider of investment management solutions and services to the global financial services industry, has announced a raft of enhancements and developments of its flagship investment management software solution, SimCorp Dimension.
The 6.4 release features several advances to the system, covering the full investment management value chain, from front to back. One of the primary features of the release is new and advanced accounting analytics for the front office, created to meet the growing complexity across the buy side, particularly in the global insurance sector. An enhanced Collateral Manager, and new functionality to help clients with European General Data
Tim Clipstone has joined the Guernsey office of Ogier as a partner in its top-tier investment fund team.
Clipstone (pictured), has a strong reputation for his work with offshore investment funds, specialising in investment fund structuring, equity fundraising, mergers and acquisitions and group reorganisations.
Ogier’s Guernsey team were recently Guernsey legal counsel to the launch of a GBP202 million music IPO fund, and are ranked in the top tier by IFLR.
This year Ogier has been named Offshore Law Firm of the Year by Chambers Europe and International Law Firm of the Year at the Legal Week
OpenFin, an operating system for the financial industry, has appointed Stephen Wood as Global Head of Enterprise Deployment.
Wood joins from Deutsche Bank, where he served as Head of Market Data, Risk and Compliance, from 2012-2015, and Global Head of Market Data Services, from 2015-2018, with responsibilities including managing the deployment of vendor products. Wood brings his unique insights to OpenFin, where he will be responsible for driving the firm’s enterprise deployment strategy. He will be working closely with the growing number of banks, asset managers and hedge funds now running their financial desktop applications on OpenFin.
In addition,
German auctions on renewed opt-out platform are expected to resume in the course of Q1 2019.
The European Energy Exchange (EEX) has clarified that the indicatively scheduled auctions for Germany from 14 November 2018 onwards will not be taking place.
Germany’s current contract with EEX will expire on 14 November 2018, with the last auction scheduled for 9 November 2018. In March 2018, EEX was re-appointed by the German Environment Agency as auction platform for emission allowances for further three years with the option to extend the contract for another two years. This appointment was notified to the EU Commission by
By John D’Agostino (pictured), Global Leader, Investor Engagement at DMS Governance, & Paras Malde, Director at DMS Governance.
Crypto 101
Distributed ledger (DL) technology is the foundation on which crypto-currencies (or crypto-assets, depending on where one falls in the debate) lie. Bitcoin, the most well-known use case for DL, is an attempt to solve the problem of storing and transferring value in a digital, decentralised system.
Bitcoin is a means to compensate people/servers for the effort required to “mine” (confirm) blocks of transactions and add them to the global ledger/chain (block+chain). Bitcoins are gifted to these miners upon completion of
Drawing on decades of experience, Matthew Shaw (pictured) and Philipp Kallerhoff are founders of Protos Asset Management, a Swiss based cryptocurrency asset manager that brings the investing concepts of value, momentum and volatility to the crypto world in the form of a fully traditionally regulated Cayman Island based fund. Protos was set up in 2017 as the pair came out of a crypto investment business in Canada.
“Protos is an asset manager specialising in cryptocurrencies, using some of the traditional tools of hedge funds to manage risk using classic premia strategies,” says Shaw.
The first closed-end fund was launched in mid-December
