Latest News
Fintech company Capital.com is the first CFD trading platform to become fully compliant with the regulations published by the European Security and Markets Authority (ESMA).
ESMA has set out a series of sensible measures designed to protect retail traders from unsustainable or unforeseen risk, which come into effect on 1 August for an initial three-month review period. These measures include negative balance protection to prevent traders losing more money than they invested, the additional protection of an individual trade closeout rule, and stipulated maximum levels of leverage which reflect the volatility of each asset class. In addition, ESMA has mandated that advertising
Castle Ridge Asset Management (Castle Ridge) has appointed Edwin Li, (pictured), former Managing Director with JP Morgan’s New York based Equity Trading business, as a Managing Partner to lead the international expansion of the firm’s artificial intelligence powered hedge fund.
Castle Ridge’s artificial intelligence system, named W.A.L.L.A.C.E., is self-evolving and highly effective detecting complex patterns in global market data. For instance, W.A.L.L.A.C.E. successfully anticipated over 40 public company acquisitions over a 48-month period and avoided major market declines.
Adrian de Valois-Franklin, Castle Ridge CEO, says: “We are pleased to welcome Edwin, who brings extensive investment expertise across numerous asset classes
Where will institutional investors be focusing their alternative asset allocations over the next 12 months? What are the top-line issues they have when assessing managers, and how are their expectations changing?
These are some of the questions covered by Intralinks’ latest LP Survey Report.
You can find out more about the survey via this interactive site and sign up to receive the full report when it’s published this autumn.
Technology continues to infiltrate every aspect of global business. Not a day goes by where the impact of platforms like Amazon, Facebook etc, isn’t felt by those in the asset management industry. The fact is, investor habits are rapidly changing and the way they choose to invest is beginning to mirror the way they use technology to support all other aspects of their lives, from shopping online to algorithms providing recommendations, personally curated to them, on Netflix.
European private equity firm Capzanine has invested in Horizon Software (Horizon), becoming a majority shareholder alongside Horizon’s CEO, Sylvain Thieullent, and its management team, to support organic and global growth.
From its inception in 1998, Horizon has worked with investment banks in the design of its first electronic trading platform. Today, with 90 clients in 26 countries and connectivity to over 70 exchanges, multi award-winning Horizon provides advanced trading technology for investment banks, brokers and hedge funds.
Horizon’s trading platform provides immediate access to a comprehensive range of features and the ability to execute sophisticated strategies and workflows through
Eze Castle Integration (ECI), a managed service provider to the financial industry, has secured a significant investment by an affiliate of HIG Capital (HIG).
Founded in 1995, Eze Castle Integration has more than 650 clients and offices across the United States, United Kingdom and Asia. The company has built a reputation in managed services and cloud solutions for the financial industry; “ECI’s global white glove service and its highly scalable and secure cloud infrastructure and platform create a differentiated end-to-end solution that is indispensable for its clients’ daily operations,” says Todd Ofenloch, Managing Director at HIG “We look forward
Cryptocurrency firm ThinkCoin, a specialist subsidiary of brokerage ThinkMarkets, has partnered with GMEX Group, a provider of exchange and post-trade solutions.
GMEX’s Fusion platform combines GMEX’s traditional centralised trading systems, which are currently live in multiple exchanges and post-trade venues, with the latest blockchain technology offering the best of both worlds for exchanges, clearing-houses and other institutions.
GMEX Fusion’s suite of capabilities will be combined with the TradeConnect multi-asset trading network, using ThinkCoin, the bespoke digital trading token unit of exchange.
GMEX Fusion will be integrated with TradeConnect’s mobile and web front ends to deliver options for both
The Depository Trust & Clearing Corporation (DTCC) has elected two new members to its Board of Directors – Claudine Gallagher, Americas Regional Head for the Securities Services business of BNP Paribas, and Joseph Molluso, Executive Vice President and Chief Financial Officer of Virtu Financial.
At BNP, Gallagher is responsible for the strategic development of the region, spearheading its client and product development. She serves on senior committees throughout the Bank, including the Executive Committees of the BNP Paribas Americas Territory and of BNP Paribas Securities Services.
Molluso helped lead the process that enabled Virtu to become a public company
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 156.0 TWh in May 2018 which represented a year-to-year growth of 11 per cent (May 2017: 140.7 TWh).
The Dutch delivery zone TTF remained the dominant hub on PEGAS with an overall volume of 89.6 TWh, followed by the German NCG and Gaspool hubs with a total of 30.1 TWh. The Austrian CEGH VTP market area had a strong showing with 11.1 TWh, including 4.8 TWh on the derivatives segment, making it again the most liquid hub behind the TTF on the curve.
Spot trading
Societe Generale has reached agreements with the DOJ and the CFTC to resolve, as part of their industry-wide investigations on interbank offered rates benchmarks, the matter of Societe Generale’s submissions from 2005–2012 for setting certain London Interbank Offered Rates and the Euro Interbank Offered Rate (IBOR matter).
These agreements also resolve the DOJ’s investigations regarding violations of the US Foreign Corrupt Practices Act (FCPA) in connection with historical conduct involving Libyan counterparties, including the Libyan Investment Authority, as well as the investigation opened by the PNF regarding violations of French anti-corruption laws in connection with the same conduct (Libyan matter).
