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Broadridge Financial Solutions has completed the acquisition of FundAssist Limited, a regulatory, marketing and sales solutions service provider to the global investments industry.
Based in Dublin, Ireland, FundAssist is a natural extension of Broadridge’s governance and communications business and brings a complete suite of capabilities to enable the composition, management and distribution of digitised regulatory and disclosure documents for global fund managers distributing in Europe.
Using an advanced, flexible technology platform, FundAssist’s data-driven, end-to-end solution includes support for Key Information Documents (UCITS KIID & PRIIPs KID), financial disclosure statements, fact sheets, translation and document and data dissemination.
“Broadridge
The Dubai Gold & Commodities Exchange (DGCX), and its 100 per cent fully owned subsidiary the Dubai Commodities Clearing Corporation (DCCC), have upgraded their integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform.
The purpose was to enhance and speed up business development capabilities even further, and to benefit from a more refined trade and market data protocol, leading to improved bandwidth usage. As the new version went live, DGCX launched the region’s first, and world’s only, exchange-traded Shari’ah Compliant Spot Gold contract (DGSG).
Having received recognition from ESMA and ADGM in 2017,
Quantitative Brokers (QB) is now offering its execution algorithms on Rebar’s flagship product, ROME – Rebar Order Management & Execution.
ROME, formally launched in April 2018, has integrated QB’s sophisticated fixed income and futures algorithms – Bolt, Strobe, and Closer – to offer hedge funds and asset managers streamlined trading workflows and a greater ability to achieve and measure best execution.
“We are delighted to partner with Quantitative Brokers and offer their algorithms on ROME,” says Adam Striffler, Head of Sales and Business Development at Rebar. “We strive to offer cutting edge technology solutions to our clients. The addition
The Depository Trust & Clearing Corporation (DTCC), has set a timetable for the first phase of settlement optimisation, a significant enhancement aimed at removing an entire market day of settlement exposure without eliminating a calendar day from the standard trade settlement process.
Based on support and feedback from the Settlement Optimisation Working Group, DTCC is taking a phased approach to the implementation of settlement optimisation, beginning with night cycle re-engineering.
By focusing initially on re-engineering the night cycle, a processing batch occurring in the overnight hours, DTCC seeks to significantly increase settlement rates going into the next morning. Today’s
FORT, a multi-strategy quantitative hedge fund founded in 1993 by Yves Balcer and Sanjiv Kumar, has appointed veteran asset management executive Stu Bohart as its President, based in New York. He is one of several new executive appointments made by the firm.
Bohart brings over 25 years of experience in the asset management and securities industry. Most recently he served as President of the Liquid Markets business of Fortress Investment Group. During his tenure at Fortress, he served on both the Management and Operating Committees. Prior to Fortress, Bohart held a variety of senior positions at Morgan Stanley, including Global Head
Sloane Robinson, an International long/short equity manager with a focus on the Asian, Emerging and Frontier markets, has continued its deployment of the CommciseBUY research valuation platform.
The Commcise functionality used by Sloane Robinson includes research budgeting and valuation; broker voting and payments; internal reporting including fund-level research cost allocation. The implementation was undertaken by a joint Commcise and Sloane Robinson team, including integration with Sloane Robinson systems.
David Gale, CEO at Sloane Robinson, says: “Sloane Robinson chose Commcise after a careful selection process, which was focused on ensuring we would meet our internal standards on research transparency. As an asset
Hedge funds successfully traded their way around an overwhelming month in April and were up 0.56 per cent, while underlying markets as represented by the MSCI World Index gained 1.18 per cent during the month.
That’s according to the Eurekahedge May Index Flash Update which says that Investors’ risk appetite improved in April amid waning concerns over a trade war, bolstered by the ‘soft’ tone of Xi Jinping in response to US trade sanctions.
Developed markets outperformed their emerging market counterparts during the month, as the latter still remained rather volatile with the region’s equity markets posting a slightly
Proprietary trading firm WH Trading has selected QuantHouse’s QuantLINK and QuantFEED suite of solutions.
WH Trading, the Chicago-based firm, trading the futures and options market across the US, Europe and Asian markets, is using QuantLINK, QuantHouse’s ultra-low latency, fully redundant 40G network to enable market access and delivery of market data at low latency speeds.
The connectivity performance of the QuantLINK network is continually expanded upon to ensure the latest and fastest routes are available with new exchanges and alternative trading venues being constantly added to ensure that firms have access to the most extensive range of venues to
A majority of alternative fund administration firms – 74 per cent – expect consolidation in the alts fund admin space, according to the just-released eVestment Alternative Fund Administration 2018 survey.
This is up dramatically from the 47 per cent of survey respondents who expected consolidation in 2017’s survey.
And despite technology and new players disrupting numerous industries around the world, only 11 per cent of survey respondents expect to see new entrants into the fund administration business over the near term, down from 26 per cent of respondents in the prior year’s results.
Alternative asset managers are increasingly
Saxo Bank, a Fintech specialist focused on multi-asset trading and investment, has appointed Steve Weller as CEO of the MENA Region.
Weller will be based in Saxo Bank’s Dubai office and report directly to Damian Bunce, CCO of Saxo Bank.
In his new role, Weller will assume the overall responsibility to grow and develop the business and client base in the region by making Saxo Bank the first choice for traders, investors and wholesale clients in the region.
Weller has more than 25 years of international experience and know-how in the global foreign exchange market. Most recently, Steve was
