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A new partnership between GMEX Group (GMEX), an established provider of services in financial markets, and the Digital Asset Group (DAG) is aiming to bring together the practices of regulated banking, finance and exchanges with emerging innovation and a digital world enabled by Blockchain, Distributed Ledger and Artificial Intelligence technologies.
Sean Kiernan, co-founder and CEO of Digital Asset Group and until recently a senior manager in London’s burgeoning wealth management sector, is taking his expertise in traditional regulated banking and combining it with the DeepTech expertise of Dmitry Kaminskiy, the co-founder and Chief Innovation Officer of DAG, an innovative entrepreneur
Italian government bond trading volumes and yields saw sharp increases on Tradeweb’s European Government Bond marketplace over the last few weeks.
Weekly average daily trading volume (ADV) in Italian debt set a new record at EUR3.9 billion two weeks ago and was EUR3.8 billion last week, as market volatility rose around political news in Italy. The record volume marked an increase of 75 per cent relative to average weekly volumes in 2018 so far.
The previous record weekly ADV for Italian debt was reached during the summer of 2011 at EUR 3.5bn, when Italy’s 10Y benchmark bond yield rose
IHS Markit’s MarkitSERV has expanded its global network of derivatives clearinghouses by connecting to Asigna, the clearinghouse for Mexican listed and standardised derivatives.
With the new connection, MarkitSERV provides standardised workflow and connectivity for matching, confirming and clearing Mexican peso TIIE 28 swaps. Asigna, Compensación y Liquidación began clearing OTC derivatives in 2016. Seven global and regional banks are clearing members at Asigna.
“With the connection between MarkitSERV and Asigna, we can offer our clients an efficient and secure channel to transmit confirmed TIIE swap data to our clearinghouse,” says Catalina Clavé Almeida CEO at Asigna. “It also helps global
TORA, a provider of a cloud-based order and execution management system (OEMS), has partnered with Trax, the post-trade services and European market data division of MarketAxess, to help mutual clients meet MiFID II trade and transaction reporting requirements.
This development is the latest in a range of solutions that TORA offers to help clients satisfy MiFID II demands covering best execution, regulatory reporting and commission management.
The new reporting requirements under MiFID II are designed to improve the pre- and post-trade transparency of execution prices and the actions of those parties involved in transactions. For investment managers, trade reports,
Man Group, the active investment management firm, has appointed Teun Draaisma as portfolio manager, based in London. Draaisma will work in partnership with Ben Funnell, the head of the Man Dynamic Alpha team, to develop a new multi-asset strategy.
Draaisma (pictured), brings over two decades of industry experience to Man Group. He joins the firm from BlackRock, where he was Global Equity Strategist for almost six years, focusing on portfolio management and asset allocation. Prior to BlackRock, he spent time as a portfolio manager at TT International. Draaisma was previously European Equity Strategist at Morgan Stanley from 1997 to 2010.
Hedge funds globally have allocated at least USD59 billion to responsible investment (RI), according to a survey by the Alternative Investment Management Association (AIMA) and the Cayman Alternative Investment Summit (CAIS).
The survey of 80 asset managers with USD550 billion in hedge fund assets under management (AUM) provides evidence of an increasing level of demand for RI across the hedge fund industry.
Around 40 per cent of the respondents said they are already investing using responsible investment principles, with total assets in such investments worth USD59 billion – a little over 10 per cent of the respondents’ combined hedge
Net sales of UCITS and AIFs totalled EUR47 billion in March 2018, up from EUR25 billion in February, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS registered net sales of EUR38 billion, up from EUR11 billion in February.
Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR42 billion, down from EUR47 billion in February.
Net sales of equity funds totalled EUR14 billion, down from EUR25 billion in February, while net sales of bond funds totalled EUR3 billion, down from EUR4 billion in February, and net sales
Crypto Facilities, a cryptocurrency trading platform and index provider, has appointed Sui Chung (pictured), to lead its index and pricing products business.
Crypto Facilities offers individuals and institutions regulated, transparent and secure trading. The firm is also the provider of cryptocurrency indices, calculating the CME CF Bitcoin Reference Rate and Real Time Index that power the CME Group’s Bitcoin Futures, and the CME CF Ether-Dollar Reference Rate and Ether-Dollar Real Time Index. Financial institutions, trading firms and data providers globally use Crypto Facilities’ indices and underlying data to optimise their cryptocurrency trading activity.
Chung joins the firm from Euromoney
Public blockchain Hashgard, which is aiming to provide a one-stop solution for digital asset management, catering to both individual and institutional investors, has secured strategic investment from over 50 investment funds in the world, including Fenbushi Capital and BKFUND.
This broad ecosystem of investors and advisors is dedicated to establishing Hashgard as a leading blockchain in the digital asset management space.
Advisors include leading figures in the blockchain space – Bo Shen, founder of Fenbushi Capital; Shuo Bai, former chief engineer of Shanghai Stock Exchange, and Sunny Lu, co-founder of Vechain.
Hashgard is the first blockchain project initiated and managed by
Traders disagree over whether MiFID II has been successful, according to new research by SIX, with a combined 70 per cent of traders surveyed by the Swiss exchange believing that trading has become more transparent – a key goal of MiFID II.
Paradoxically, only 26 per cent believe that dark liquidity will shift to lit markets, highlighting the failure of a key aspect of the regulation. Traders indicate that they are also divided as to where dark liquidity on capped stocks will shift instead of lit markets, with a relatively even spread between: Block Trading/LIS dark pools – 31 per
