Latest News
Permian Capital Management, the San Francisco-based digital asset manager, has appointed financial industry executive, Josh Kernan, as Global Head of Distribution.
“Josh is a proven financial services executive who understands the demands of institutional investors,” says Shaunak Mali, Partner and co-founder of Permian Capital Management. “His expertise will be invaluable to Permian’s mission of bridging the nebulous world of digital assets with traditional finance.”
Josh joins Permian Capital Management with over 24 years of experience managing alternative investment products and investment platforms. He started his career at Charles Schwab & Co. where he founded the Alternative Investment Department and worked
London-listed service provider JTC has promoted alternative fund specialist James Tracey to Managing Director of its Guernsey office.
In his new role, Tracey (pictured) will be pivotal in leading the firm’s Guernsey office as it continues to grow its institutional and private client service range from the jurisdiction, whilst he will also assume additional cross-jurisdictional responsibilities as he takes a seat on JTC’s Institutional Client Services (ICS) Board.
With more than 15 years’ experience in international financial services, Tracey joined JTC in 2015 following the firm’s acquisition of Kleinwort Benson’s fund administration business and has worked in all areas of
SteelEye, a compliance technology and data analytics firm, has published a White Paper outlining its best execution support for MiFID II’s regulatory technical standard, RTS27.
SteelEye has expanded its comprehensive regulatory solution to support the requirement for trading venues to provide quarterly best execution reports and is intended to provide transparency on the most competitive venues on which to trade.
All companies that make markets in all reportable asset classes that periodically publish data relating to the quality of execution will be required to comply with RTS27. This includes trading venues, systematic internalisers (SIs), market makers or other liquidity
Falling prices for cryptocurrencies, and an uncertain regulatory environment, in 2018 haven’t deterred new crypto investment funds from opening, according to new analysis from Crypto Fund Research.
The firm writes that 2018 is on likely to surpass the previous year in terms of the number of crypto fund launches.
Through July 31, Crypto Fund Research writes that there were 96 new crypto hedge funds and venture capital funds, an annual pace of 165. This would surpass the record 156 crypto funds launched in 2017. More than half of all crypto funds currently in existence have launched in just the last
Axioma has appointed Hamish Seegopaul as Managing Director, Head of Index. He was previously a Director at Credit Suisse, where he was responsible for delivering Quantitative Investment Strategies and Commodity Investor Products to institutional investors.
“Hamish brings a superb combination of leadership and experience in both index sales and development to Axioma’s growing indexing business, which leverages our portfolio-construction and risk-modelling expertise to build and enhance systematic strategies,” says Ian Webster, Senior Managing Director. “We are excited about the growth opportunities for this business and delighted to have Hamish taking up the reins.”
In his nine years at Credit
Outsourced trading solutions firm Tourmaline Partners has appointed industry veterans Seth Hoenig and Aidan Toomey as Managing Directors.
Hoenig comes to Tourmaline with 20 years of trading experience and most recently served as Head Trader at Glenhill Capital. He previously worked as a trader at Sigma Capital Management/SAC Capital Advisors and Spear Leeds & Kellogg/Goldman Sachs. Toomey also brings 20 years of trading experience and comes to Tourmaline from outsourced trading firm Outset Global Trading, where he established the firm’s New York office. He has held senior trading roles at HSBC, JPMorgan, Jefferies and Raymond James, and began his
MTS Markets International, part of the London Stock Exchange Group (LSEG), has enhanced its MTS BondsPro corporate bond trading platform with list trading functionality, enabling participants to benefit from the efficiencies of executing many trades simultaneously.
The tool will streamline traders’ ability to execute trades against more than USD17 billion of real-time resting corporate bond liquidity on MTS BondsPro.
After uploading a list of orders to MTS BondsPro, participants can connect with multiple liquidity sources in the platform’s anonymous all-to-all order book and execute on the best price for each trade. List trading delivers significant efficiency benefits to a
The US Commodity Futures Trading Commission (CFTC) has voted unanimously to approve a proposal to codify policies and procedures for clearing organisations located outside of the US to obtain an exemption from registration as a derivatives clearing organisation (DCO).
The proposal will also reduce CFTC staff time and utilise fewer resources to grant exemptions.
The Commodity Exchange Act permits the CFTC to exempt a non-US clearing organisation from registration for the clearing of swaps if the CFTC determines that the clearing organisation is subject to comparable, comprehensive supervision and regulation by its home country authorities. The proposed rules would
BeQuant, a cryptocurrency exchange for institutions and active traders, has launched allowing users to invest in numerous crypto asset classes.
BeQuant’s core product is partnered with established technology Multiexchange who aggregates liquidity and works with large institutions such as HitBTC. By partnering with Multiexchange, BeQuant will be offering access to real liquidity of over USD150 million in average daily traded volume.
The platform’s core matching engine is a preeminent technology, offering traders a wide range of features including real-time clearing and cutting-edge order matching algorithms. The technology will appeal to market-makers, quantitative desks and active traders looking to connect
Eze Software, a global provider of investment technology, has expanded its best execution offering with Trade Informatics’ (TI) Strategic & Tactical Analytic Research & Trading tool (START), a broker neutral automated intelligent trading engine.
Backed by TI’s advanced pre-trade transaction cost analytics, START helps firms align investment and trading strategies and seek out better execution opportunities across brokers’ direct market access routes and dark pools. The engine’s broker-neutral, logic-based trading aims to improve performance, manage costs, and allow control of and transparency into the execution strategy.
Eze Investment Suite OMS/EMS users can choose START from their dashboards as they
