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Equities liquidity provider XTX Markets intends to opt-in as a Systematic Internaliser (SI) following the implementation of MiFID II.
Alex Gerko, Co-CEO of XTX Markets, says: “XTX has become a leading liquidity provider across lit EU equities markets. Although uncertainties remain about the potential market impact of the SI regime, we intend to opt in as an SI. Market participants will benefit from the high-quality liquidity we provide, as they already do in FX.
“We are committed to maintaining our lit venue presence as ultimately we see lit central limit orderbook as the best market structure for liquidity providers
By Wayne Riches, FIS – New research findings indicate a gap between asset managers’ growth objectives and their readiness to meet them. In a new white paper based on global research and the FIS Readiness Index, FIS explores why asset managers must embrace reinvention to close the growth readiness gap and rise to the future.
Based on a global survey conducted by Longitude Research and FIS, READY FOR REINVENTION suggests that growth-ready asset managers must be open to new ways of thinking – including a focus on consolidating technological systems and a commitment to investing in innovation – across the front,
Guernsey’s Private Investment Fund regime was launched in November last year and has so far proved to be a popular route to launch a private fund. As the regime approaches its first anniversary, Annette Alexander (pictured) of Carey Olsen, on behalf of the Guernsey Investment Fund Association, explains the PIF’s key features and the reasons behind its popularity.
Guernsey’s new Private Investment Fund (PIF) regime, launched in November 2016, has been keenly welcomed by industry participants. Aimed at circumstances where a special relationship exists between managers and investors, the new regime dispenses with any formal requirements for information
The Derivatives Service Bureau has launched its real-time International Securities Identification Number (ISIN) creation service, allowing users to create OTC derivative ISINs and obtain associated reference data to address regulatory reporting obligations and processing requirements.
A year after the initial announcement of the core functionality of the first automated global ISIN-allocation engine, the DSB has met its commitment to be in full production on this date. The first users are being onboarded for creation of ISINs for OTC derivatives, resulting in the beginning of a global OTC ISIN data archive, which will also contain Classification of Financial Instruments (CFIs), Financial
Shareholders of Saxo Bank Group (Saxo), a leading multi-asset trading and financial-technology firm, have received an offer from Sampo Group, a leading Nordic financial services group, to take up a stake of 19.9 per cent of the bank.
In May 2017, it was announced that Geely Financials Denmark A/S, a subsidiary of Zhejiang Geely Holding Group Co, Ltd (“Geely Group”), had made an offer to buy 30 per cent of the shares of Saxo. Geely Group has offered to buy more shares and will thus become majority shareholder with a total of 51.5 per cent.
TPG Capital and SinarMas
Ali Chughtai, portfolio manager at USD235 million European macro manager WHARD Stewart, believes that the short term has a real possibility of seeing a correction in emerging market (EM) currencies.
“We have had a reasonable rally in emerging markets and their currencies that arguably started at the beginning of 2016, once the market became comfortable that the worst was possibly over for China,” Chughtai says.
The Chinese stabilisation provided a kind of a catalyst for emerging markets, he says and this rally is now getting mature. “It’s not necessarily due for an end to the rally or the trend, but
NPL, the UK’s National Measurement Institute, is expanding its precise timing service, NPLTime, through a distribution agreement with QuantHouse, an independent provider of trading and infrastructure solutions and market data services to the quant trading community.
NPLTime® provides a precise time signal delivered over fibre, traceable to Coordinated Universal Time (UTC), accurate to within 1 microsecond. The agreement will provide QuantHouse customers with the capability for traceable timestamping, latency monitoring and synchronisation. Furthermore, it enables users to be fully compliant with MiFID II timestamping requirements and eliminate their reliance on GPS, removing susceptibility to jamming, spoofing, urban canyon effects and
IHS Markit, a specialist in critical information, analytics and solutions, has partnered with six leading securities finance market participants as part of its ongoing effort with Pirum Systems to build a solution to address Securities Finance Transaction Regulation (SFTR) reporting requirements.
Joining IHS Markit as design partners for the SFTR reporting solution are BNY Mellon, Brown Brothers Harriman, Deutsche Bank Agency Lending, eSecLending, JP Morgan and Rabobank. Each member of the initial design group will contribute their requirements and market expertise to ensure the fully-hosted, end-to-end reporting framework suits the diverse needs of the securities lending and repo communities.
Calastone, the global funds transaction network, has appointed Henning Swabey as Managing Director and Head of Continental Europe.
Swabey joins from RBC and will be responsible for defining and implementing the European Business Development Strategy, and will build and manage a growing sales team across Continental Europe.
Swabey joins Calastone with significant experience in the mutual funds sector, in which he has been able to use his strong leadership to service and develop core business relationships. He has held a number of senior roles within several leading global financial services institutions, including RBC where he developed their Investor &
Bloomberg Data Reporting Services Limited (BDRSL) has received authorisation from the UK Financial Conduct Authority (FCA) for its Approved Reporting Mechanism (ARM) – effective 3 January 2018.
Under MiFID II, investment firms will be required to submit transaction reports containing up to 65 data fields including LEIs (legal entity identifiers), personal and trade data to local regulators, known as National Competent Authorities (NCAs).
As a component of Bloomberg’s pre-integrated MiFID II solution, Bloomberg’s ARM and reporting solutions will allow firms to enrich their transaction reports with data from Bloomberg or third-party order management systems.
“The authorisation of our
