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OANDA’s Exchange Rates API now offers forward rates to corporate clients around the world.
In addition to OANDA’s existing daily averages, real-time (spot) rates, central bank exchange rates and tick-level data that already helps help treasury, risk management and finance departments mitigate currency exposure and optimise efficiencies, OANDA’s forward rates data will be of value to organisations that are looking to monitor the mark-to-market value of forward contracts.
This new data set aims to provide corporate treasurers and finance directors with an accurate, trustworthy view of the forwards market, offering over 360 forward rate currency pairs – more than
Volumes on FXSpotStream grew at the fastest rate of all reporting eFX cash venues during the first half of 2018.
Alan F Schwarz, CEO of FXSpotStream, says: “Our Average Daily Volume (ADV) was up 49 per cent in the first six months of 2018 versus the same period in 2017. During the first half of 2018 we supported a total of USD3.56 trillion reflecting an increase in overall volume of USD1.15 trillion when compared to the first half of 2017.
“In June we also crossed the USD30 billion ADV mark for the first time hitting an ADV high of
The top four hedge fund investment strategies for the second quarter of 2018 were Equity Hedge, Macro, Blockchain/Crypto, and Event-Driven, according to a new survey carried out by the Hedge Fund Association in conjunction with UMB Fund Services.
The Top Hedge Fund Strategies survey, which polled the views of institutional and family office investors, alternative investment managers and industry executives, also reveals that the most impactful sources of differentiation are uncorrelated strategies, firm reputation/pedigree, management team experience, performance, and fees.
In addition, the top four hurdles to new fund development are capital raising, regulatory/tax implications, fund structure/terms and costs,
A new single structure for conducting both the fund and insurance element of insurance-linked securities (ILS) business is being devised in Guernsey.
Expert insurance lawyer Mark Helyar is leading the way with the development of “true convergence” in the ILS space where “capital markets and insurance markets meet”.
“My job is to put together structures to help them to invest in each other,” he said while speaking at the ILS Insight event organised by Guernsey Finance in Zurich. “The collateralised re market has become so big in recent years. With Cat bonds you’ve got risk looking for capital, and with
Itiviti, a global provider of multi-asset trading technology and financial infrastructure, today announced that India-based brokerage firm Edelweiss Securities Limited (ESL) has deployed Itiviti’s client connectivity and trading solution to support its algorithmic trading business.
ESL made the decision to replace its existing system with Itiviti’s modular solution to better capitalise on trading opportunities in India’s dynamic, fast-growing markets.
By leveraging the Itiviti OMS and connectivity solutions, ESL says its trading desk can now efficiently execute trades and manage order flows on all Indian exchanges. Itiviti’s technology, integrated with ESL’s existing applications and infrastructure, provides a highly scalable trading
Harry Moumdjian has been appointed Global Head of FX Sales, BNY Mellon Markets.
In this newly-created role, Moumdjian will focus on unifying BNY Mellon Markets’ FX sales teams globally under one leader and review the company’s currency product suite as it continues to build out a full-service FX platform aimed at enhancing the client experience.
Moumdjian joins BNY Mellon from Morgan Stanley, where he ran the firm’s DeltaFX and e-FX sales functions. Prior to this, Moumdjian worked at Goldman Sachs, Bank of America and Citibank in a variety of FX sales and trading roles.
He is based in
The US insurance industry continued to reduce its risk appetite for hedge fund investments, as holdings declined year over year by 8.5 per cent to USD16.4 billion from USD17.9 billion in 2016, according to a new AM Best report.
The Best’s Special Report, titled, ‘Insurers and Hedge Funds – The Pullback Continues’, notes that it was the second straight year that insurers pulled back from its hedge fund investments. In particular, the life/annuity sector halved its hedge fund holdings in the two-year period, to USD7.0 billion in 2017 from USD14.2 billion in 2015.
In first-quarter 2018, overall hedge fund
Law firm Morrison & Foerster has appointed Benoit Lavigne as a partner in the finance practice in the firm’s London office.
Lavigne (pictured), who has a wealth of experience in complex, cross-border finance matters, comes to Morrison & Foerster from Ropes & Gray, and is the third partner to join the firm’s London office in 2018, following the additions of Caroline Jury, also a highly experienced finance partner who joined from Clifford Chance, and Dan Coppel, a corporate partner who joined from Jones Day.
“Benoit is highly regarded in finance circles in London, and his cross-border experience will continue
Wilshire Associates (Wilshire) has appointed two senior investment professionals, Suehyun Kim and Rebekah Chow, to the team at Wilshire Funds Management.
Kim joins as Vice President of Wilshire Associates and Portfolio Manager at Wilshire Funds Management, based in Santa Monica. In this role, she will be responsible for creating multi-asset class, multi-manager investment solutions for financial intermediary clients. Chow joins as Senior Associate and a member of the manager research group at Wilshire Associates, based in Chicago. Her research will primarily focus on core, core plus and credit focused fixed income strategies.
“We are delighted to welcome both Suehyun
Two investment professionals, Alexander Renwick and Charlie Baillie, have launched Daymer Bay Capital, with the aim of bringing a new level of professionalism to third-party funds marketing in Europe.
Alexander Renwick was previously a director at the third-party funds marketing agency Aravis Capital and Charlie Baillie was a client associate at Aberdeen Standard Investments.
Daymer Bay Capital’s approach has already been welcomed by the investment community with two fund managers, Granahan Investment Management, a small-cap specialist based in the US with over USD1.7 billionn assets under management, and Guinness Asset Management, a UK based long only equity manager with
