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Technology-focused brokerage ThinkMarkets, a specialist in Forex, CFDs and cryptocurrency derivatives trading, is extending its GBP1 million insurance cover to include elective professional traders.
Regulated by the UK’s financial watchdog, the FCA, since 2015, and under the supervision of ASIC in Australia, ThinkMarkets has been offering above-industry standard security of funds to retail traders through an exclusive GBP1 million insurance scheme since 2015. This additional insurance offers traders financial security on top of the GBP50,000 compensation provided by the Financial Services Compensation Scheme (FSCS), which is a last resort for traders of FCA regulated brokers in case the broker becomes
Hedge funds posted mixed performance in June as trade tensions increased around fluid tariff negotiations and proposals, while the US Federal Reserve increased interest rates and M&A activity remained strong.
The HFRI Fund Weighted Composite Index (FWC) declined -0.46 per cent for the month, as gains in Event-Driven strategies were offset by declines in Equity Hedge, Relative Value and Macro strategies, according to data released today by HFR, the established global industry leader in the indexation, analysis and research of the global hedge fund industry. The June decline for the HFRI FWC pares its H1 2018 gain to 0.8 per
Libra, the premier provider of middle and back office technology and data services for the crypto asset ecosystem, has launched with Trident Trust and Theorem Fund Services now live on the Libra Crypto Office platform.
Apex Fund Services, North Street Global, and Stonegate Global Fund Services are in the process of on-boarding their initial hedge fund clients. Additionally, another ten fund administrators are currently in the contracting process.
Libra is also providing fund administrator customers with the information required to support the striking of daily net asset values (NAV). IronChain Investment Trust I and IronChain MiX10 Partners LP, crypto
The Taiwan Futures Exchange (TAIFEX) has launched its first energy futures contract – Brent Crude Oil Futures. Based on the world’s leading oil benchmark, ICE Brent Index, TAIFEX’s new product is cash settled, Taiwan Dollars (TWD) denominated, and features small-sized contracts, which lower the barrier of entry for investors seeking to mitigate risks in the international oil markets.
The listing was marked by a launching ceremony attended by guests from its international partner – ICE Futures, as well as representatives from regulators and the futures industry.
Dr Len-Yu Liu, Chairman of TAIFEX, says: “We are extremely pleased to work
Hedge funds continued to navigate current turbulences last week with reduced direct or indirect exposures, according to the latest Weekly Brief from Lyxor’s Cross Asset team.
Lyxor says that the most decorrelating strategies continued to lead amid heightened uncertainties. CTAs benefited from their short US vs long EU bond positions, from their long dollar bets, and from their long energy. Merger Arbitrage did well as a result of tighter deal spreads and moderating deal volatility.
Other strategies were about flat this week.
Lyxor writes: “The risk premium for trade substantially strengthened ahead of the implementation of the first
Sealark has chosen portfolio management technology specialist Truss Edge to support its day to day data and portfolio activities of its new commodities fund.
The new London-based fund has been set up by former Millennium Management trader Andrew Dodson. Truss Edge will be supporting Sealark with full front to back trade processing and data management services.
Truss Edge is the new brand name for EDD Fund Services, a technology company that was originally spun out of a macro hedge fund firm in the US and has been supporting hedge funds and ETFs since 1998.
“We set out to
Link Asset Services, part of Link Group (ASK:LNK), a provider of technology-enabled administration solutions, has gone live with the Transfer Agency bank reconciliation module for its fund solutions business in Ireland.
Fund Recs Transfer Agency Bank Rec module, part of the Velocity platform, ensures all transactions flowing through TA collection accounts are accurately linked to approved fund dealing. This ensures a robust process is in place and allows full visibility of the reconciliation process.
To achieve STP, Fund Recs has established interfaces to ingest bank data from banking partners and transaction data from Link’s transfer agency system, ManTra from
Tradeweb Markets, a global marketplace for electronic fixed income, derivatives and ETF trading, has reported that Chinese onshore bond trading activity surpassed CNY697 billion (USD107 billion) since the launch of Bond Connect on 3 July 2017.
More than 6,200 fully electronic CNY cash bond transactions have been executed on Tradeweb, the first trading link to Bond Connect, an initiative aimed at driving the electronification and internationalisation of the Chinese bond market.
The addition of Chinese debt instruments in global fixed income indices is expected to create even greater demand for efficient, electronic trading in these markets, when global investors’
Kleros, a new decentralised dispute resolution ‘layer’ for virtually any transaction, has partnered with Market Protocol, a company building an open source foundation for decentralised derivatives Markets, an industry worth over USD500 trillion.
Together, the two companies will provide a completely decentralised trading and dispute resolution technology platform for secure and trustless transactions.
“The decentralised nature of Market Protocol is another great application for our trustless arbitration services,” says Federico Ast (pictured), CEO of Kleros. “As in other critical use cases such as e-commerce and payments, this is another step for our protocol to build the dispute resolution infrastructure
ICO Watchdog has partnered with trade.io, with ICO Watchdog’s DOG token set to be airdropped to holders of trade.io’s Trade Token, ahead of DOG’s official listing on the trade.io exchange.
In addition, trade.io will provide expedited reviews of ICOs that have been verified by ICO Watchdog’s TokenGrade auditing service.
trade.io is based on blockchain technology, and its forthcoming exchange will let investors trade cryptocurrencies alongside forex, commodities and precious metals. By implementing ICO Watchdog’s rigorous auditing standards and implementing the DOG token, trade.io adds additional security measures to protect against ICO fraudsters.
“Blockchain technologies provide a number of
