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AcadiaSoft, a provider of margin automation solutions for counterparties engaged in collateral management worldwide, has launched CollateralManager, which will provide complete end-to-end collateral management for all buy-side firms via the AcadiaSoft Hub.
The web-based platform covers all agreement types – OTC Bilateral, OTC-Cleared, Exchange Traded Derivatives, Repo, MSFTA, Securities Lending and Borrowing – and lends itself to asset managers, hedge funds and corporates who have regulatory and operational requirements to automate their internal collateral management process.
CollateralManager is fully integrated into AcadiaSoft’s MarginSphere, the industry standard margin confirmation service that streamlines communications between counterparties engaged in collateral management through
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has launched a new Short Interest service.
Short interest is a market sentiment indicator that tells whether investors think a stock’s price is likely to fall. It can also be compared over time to examine changes in investor sentiment. By analysing this data, investors can then decide when to buy or sell a specific security.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “Given the current volatility of the market, investors should consider all sentiment, both negative and positive. EDI makes available information
Hedge fund performance fell in February as global equities declined, ending a streak of fifteen consecutive monthly gains for the broad-based HFRI Fund Weighted Composite Index.
The HFRI FWC declined 1.8 per cent for the month, led by losses in quantitative, trend-following CTA strategies, though all main strategy areas experienced losses for the month, according to figures released by HFR.
The February decline was the largest since January 2016 and pares the Index Value to 14,134, ending a streak of fourteen consecutive record monthly index levels. Inclusive of the February performance, the HFRI FWC has gained 0.5 per cent
Ogier has assisted Bletchley Park Asset Management (BPAM) as legal counsel on the launch of its first cryptocurrency fund.
BPAM was founded by Lewis Fellas, a former portfolio manager at the Harvard Management Company, and Ronnie Potel, formerly an executive for Morgan Stanley.
The Fund, structured as a Cayman Islands master feeder fund structure and registered with CIMA, is credited with being one of the few institutional quality cryptocurrency funds at the time of its launch.
Ogier partners Kate Hodson (pictured), and Emily Haithwaite advised on the Cayman and Jersey law elements of the launch respectively.
Hodson and
By Olivia Munro, Eze Castle Integration – All too often we hear from firms before a IT and cybersecurity audit asking what they can do to make the audit process go as smoothly as possible. Fortunately, there are steps you can take to ensure a stress-free audit. In this two-part blog series, we will help you create a checklist to prepare for your audit and also remediate the findings post-audit.
1 Notify internal and external partners that an audit is happening.
Your team and partners should be prepared to act quickly to remediate the findings or provide any documentation the auditors
By Mary Beth Hamilton, Eze Castle Integration – As 17 April (US) and 30 April (Canada) near, cyber scammers are pulling out all their tax scams to trick consumers and capitalise on the flurry of activity. Our friends over at Proofpoint say that this time of year, [they have] tracked malware distribution in addition to the customary phishing schemes among the email threats related to federal taxes.
The IRS is also urging people to remember that “the IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. In addition, IRS
McKay Brothers, a specialist in low latency networks, has secured a minority investment from Jane Street Group that will support the continued growth of McKay’s successful private bandwidth and market data businesses.
Jane Street Group joins IMC, Tower Research Capital, Susquehanna International Group and XR Trading as minority investors in McKay. The companies’ founders continue to hold the controlling majority of McKay’s equity. Financial terms were not disclosed.
Stéphane Tyč (pictured), McKay Brothers co-founder, says: “Jane Street’s investment further validates McKay’s vendor model, which levels the playing field in financial markets by providing our lowest latency service to all
Strooga Consulting is pioneering new research on environmental, social and governance (ESG) integration by drawing on data solutions from Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment (RI) solutions for the investment industry.
ISS’ robust extra-financial data sets will enable Strooga Consulting to competitively assess voting patterns of leading mutual fund managers along a variety of ESG issues. Voting analytics will be featured in Strooga’s annual ESG Compliance Review to be released in the second half of 2018.
One of the key rights as a shareholder is the ability to vote on corporate governance issues.
TOBAM, a Paris-based research driven quantitative asset manager and founder of the Maximum Diversification approach, and China Asset Management Company (ChinaAMC), have formed a strategic partnership to develop a new Anti-Benchmark China A-shares equity investment strategy.
The announcement that China’s A Shares will be included in the MSCI Emerging Markets benchmarks by 1 June, 2018 has increased investors’ needs for core strategies in Chinese equities.
The Anti-Benchmark China strategies will seek to maximise diversification across the CSI indexes (CSI 300, CSI 500 & CSI 800 universes) by applying TOBAM’s patented Maximum Diversification approach, which is designed to avoid the
The Commodity Futures Trading Commission (CFTC) has secured a Preliminary Injunction Order against Defendants Patrick K McDonnell and CabbageTech, d/b/a Coin Drop Markets (CDM) over a fraudulent virtual currency scheme.
The Court’s decision stems from the CFTC’s 18 January 2018 Complaint charging Defendants with fraud and misappropriation in connection with purchases and trading of the virtual currencies Bitcoin and Litecoin.
Following a hearing on 6 March 2018, Judge Jack B Weinstein of the US District Court for the Eastern District of New York found that the CFTC had shown a reasonable likelihood that Defendants will continue to violate the Commodity Exchange Act (CEA). The Court’s Order prohibits the
