Latest News
Options, a provider of global market data and colocation services for trading firms, has extended its high performance managed colocation solution to Equinix’s Zurich (ZH4) and Milan (ML2) International Business Exchange (IBX) data centres.
Options’ clients colocated at the facilities will benefit from low latency interconnection to SIX exchange feeds at source and a proximity option to the Borsa Italiana exchange feeds.
The Options platform today offers dedicated managed colocation services at over 20 key trading hubs across Europe, North America and Asia. These latest additions are part of a phased global expansion project which has most recently seen
UK bookseller Waterstones has been acquired by funds managed by activist hedge fund manager Paul Singer’s (pictured), Elliott Advisors.
Waterstones operates a chain of 283 bookshops located across the UK and Ireland, and in The Netherlands and Belgium, and had sales of over GBP400 in the year to end April 2017.
Lynwood Investments, controlling shareholder of Waterstones since 2011, will retain a minority stake.
Founded in 1977, Elliott is one of the oldest and largest private investment organisations globally, with funds under management of approximately USD35 billion. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments,
Capitolis, a technology provider for the capital markets, is now live with its foreign exchange credit switching service, Capitolis Switch.
Capitolis’ mission is to address capital markets constraints in the financial system. With the launch of Capitolis Switch, a key credit issue is addressed, enabling the unbundling of execution, processing, capital and risk in foreign exchange prime broking.
Large global systemically important banks currently provide best in class execution and processing, bundled with credit to clients. With Capitolis Switch the provision of credit is expanded to include a much broader universe of banks and investors. It allows the large
Ethics and professionalism are playing an increasingly significant role in investment professionals’ careers and influencing where they want to work, according to the latest CFA UK Ethics Survey.
Now in its sixth year, the survey highlights the challenges experienced by investment professionals, as well as the issues they consider most important.
Evaluating the importance of various issues when considering accepting a role at a new firm, nearly two thirds of respondents (63 per cent) awarded a score of 10/10 for the firm acting in an ethical manner in interactions with themselves and with clients, compared to 58 per cent
SteelEye, a compliance technology and data analytics firm, is pleased to announce its best execution support for MiFID II’s regulatory standards RTS27 & RTS 28.
With RTS28 due to take effect on 30 April, financial services firms are now looking to RTS27 ahead of its deadline on 30 June 2018. SteelEye has expanded its comprehensive regulatory solution to support these new requirements.
As part of their best execution obligations, RTS 28 mandates firms report their top five venues for all trading. RTS 27 requires trading venues to provide quarterly best execution reports, free of charge and available to download from
Swiss fintech specialist Avaloq has acquired a 10 per cent stake in Metaco, a Lausanne-based blockchain and crypto-currency specialist.
The acquisition, which is part of Metaco’s second round of funding, will see Francisco Fernandez (pictured), Avaloq’s founder and Group Chairman, join Metaco’s Board of Directors.
Established in 2014, Metaco helps banks and financial institutions, including national banks, capitalise on the latest blockchain technologies and systems. It has developed specialist, high-grade cryptographic solutions that can be fully integrated into a bank’s core processes. The firm, which is already offering its solutions on the Avaloq Software Exchange, is also a leading
Vela, a provider of trading and market access technology, has expanded its Direct Market Access (DMA) platform market coverage to include trading connectivity access to Eris Swap Futures which are offered by the Eris Exchange (Eris) as an alternative to traditional over-the-counter (OTC) swaps.
The addition of Eris to Vela’s fully-managed DMA platform is part of an ongoing program to provide clients with access to an ever-increasing number of global trading destinations in the Fixed Income markets. Eris is also available as a feed handler supported by Vela’s ticker plant, which provides normalised access to more than 200 venues across
Guernsey is set to launch what it says will be the world’s first regulated green investment fund product following the publication of a set of draft rules by the island’s financial services regulator, the Guernsey Financial Services Commission.
Fund managers will be able to apply for a green label for their funds if they can demonstrate compliance with defined green rules. The system will be open to all types of new and existing funds, authorised, registered, Guernsey Private Investment Funds, open-ended and closed-ended, with different levels of certification available.
“This move is part of our strategy to be the
Gemini Trust Company (Gemini) is to employ Nasdaq’s SMARTS Market Surveillance technology to monitor its marketplace.
The technology, which is considered the most widely deployed surveillance system in the world, will enable Gemini to monitor across all of its trading pairs, including: BTC/USD, ETH/USD and BTC/ETH. Further, SMARTS will also surveil activity across the Gemini auction process that is used to determine the settlement price for the Bitcoin XBT futures contracts that trade on Cboe’s CFE Exchange.
“Since launch, Gemini has aggressively pursued comprehensive compliance and surveillance programs, which we believe betters our exchange and the cryptocurrency industry as a whole,”
EEX Group further expanded its global position and achieved significant volume growth in almost all business fields in 2017.
Following the acquisition of Nodal Exchange and the migration of the PXE markets to the EEX platform, EEX Group recorded the biggest power trading volume worldwide for the first time in 2017 and now provides access to commodity markets in three time zones.
“The acquisition of Nodal Exchange constituted an important milestone in terms of our global reach. As a result, EEX Group now provides access to the three major markets: Europe, Asia and North America,” says Peter Reitz (pictured),
