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Online multi-asset trading and investment specialist, Saxo Bank, has appointed Ulrik Ross as Head of Group Treasury, effective 1 March, 2018.
Ross (pictured), will report directly to Steen Blaafalk, Head of Group Finance & Risk (GFR), and will be part of the global management team in GFR and Saxo Group’s Senior Management Team (SMT).
In his role, Ross will assume the overall responsibility for all Treasury activities, including managing the bank’s liquidity and professional bank and broker relations. He will also be responsible for pricing the Bank’s capital and liquidity resources, as well as contributing to a strategic approach
GLMX, a comprehensive technology solution for the trading of repurchase agreements (repo) and secured lending, has raised USD20 million in growth equity financing.
The investment will help the firm expand its operations into major European markets and bolster its engineering team following a record year in which its client base doubled, and weekly trading volumes exceeded USD68 billion.
GLMX’s request-for-quote (RFQ) based buy-side-to-dealer trading platform has been expressly built to enhance the relationship between buy-side and sell-side counterparties, and addresses the need for a more efficient repo trading infrastructure, particularly in light of increasing regulatory reporting requirements.
The
Merus Global Investments, a multi‐strategy investment partnership, has opened a new office in Boca Raton, Florida and added trading industry veterans Seth Setrakian and Roger Egbert to the firm’s team.
Setrakian and Egbert, who both join Merus as Senior Managing Directors and Partners, will jointly lead a new eight‐person Florida‐based team.
The new team brings a tremendous amount of expertise and talent to Merus and an exceptional track record in US equities, futures and currency trading that further diversifies Merus’ global strategy.
Joseph Monte, CEO and Senior Managing Partner of Merus Global Investments, says: “We are thrilled to
Alternative investment firm Värde Partners has selected SS&C GlobeOp to provide operational and fund administration services and related technology applications to several strategies and funds.
“Värde is committed to leveraging technology to digitize processes, support controls, and empower our organisation with data,” says Brendan Albee, Chief Operating Officer and Senior Managing Director, Värde Partners. “We are also keenly focused on partnering with service providers who can complement our efforts to meet the needs of our investors. We selected SS&C GlobeOp as our partner because of their unique combination of customised services and integrated technology solutions.”
After a competitive due
Lee Hodgkinson, Head of Markets and Global Sales of Euronext and CEO of Euronext London Ltd, has decided to pursue a new professional project.
Hodgkinson (pictured), will leave in April after more than nine years with the company, to serve as CEO of OSTC, a London-based proprietary trading firm which operates from 14 offices around the world. Hodgkinson will actively participate in the transition process during his notice period.
Euronext says it will take all necessary measures to ensure the transition is conducted in a smooth and orderly manner and the Managing Board remains strongly committed to the achievement
Net flows into the hedge fund industry in 2017 ended at USD30.13 billion, with total industry AUM at the highest level on record, according to eVestment’s Hedge Fund Industry Asset Flow Report for December/Q4 2017.
The industry also saw the lightest level of redemptions in December since 2010, unloading USD8.35 billion.
The report reveals that macro fund flows were negative in December for a fourth consecutive month, while equity strategies dominated industry flows in 2017, with investors aggressively allocating to alternative equities strategies. The inflow of USD30 billion was the third highest post-2008 to equity strategies (behind 2014 and 2010).
The Alternative Credit Council (ACC), the private credit affiliate of the Alternative Investment Management Association (AIMA), has stepped up its activities in Asia-Pacific for members operating private credit strategies in the region.
As part of the expanded activity, a new APAC Committee of the ACC has been formed, co-chaired by global ACC Board members Justin Ferrier of BlackRock and Barry Lau of Adamas Asset Management.
The ACC is already active in the US and European markets, and the formation of the APAC group will consolidate the association’s position as the voice of the global private credit sector.
The
Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has appointed Brian E Binder has been appointed as a Senior Managing Director and Chief Administrative Officer. He is based in Guggenheim’s Chicago office.
Binder (pictured), has over 24 years of experience in the asset management industry. He joins Guggenheim Investments from Deutsche Asset Management, where he was a Managing Director, President of the Deutsche Funds and Head of US Product, Trading and Fund Administration. Previously, Binder was Head of Business Management and Consulting at Invesco, where he served as Chairman of the US Executive Management Committee.
GMEX Technologies Ltd (GMEX), a provider of multi-asset exchange and post-trade business and technology solutions, has launched GMEX Fusion, an integrated centralised and distributed solutions set.
GMEX Fusion combines the established GMEX centralised technology – currently live in multiple exchanges and post trade venues, such as Hanoi Stock Exchange and Vietnam Securities Depository – with the latest Blockchain technology. Delivering state-of-the-art, hybrid trading and post trade solutions for exchanges, clearing-houses, central securities depositories and electronic warehouse receipts operators, taking advantage of the inherent positive characteristics of both.
Fusion has been created to support the latest technology and business challenges impacting
Broadridge Financial Solutions has launched its new Repo Order Quote (ROQ) solution, a multi-market aggregation and execution tool for repo markets, which is now in use with a major European bank.
ROQ allows repo traders to view liquidity and pricing across multiple electronic marketplaces. The system enables traders to see demand and availability for each term, security, or basket of general collateral securities and also provides the ability to quote and execute on an aggregate basis. ROQ provides traders a competitive advantage by helping them implement their trading strategies more effectively via real time inventory optimisation and revenue analysis
