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The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.78 per cent in October, outperforming the 0.69 per cent return of the HFRX Global Hedge Fund Index.
“Every Wilshire liquid alternative index was notably positive this month, and CTAs significantly recovered from the negative performance seen last month due to strong equity and commodity trends in October,” says Jason Schwarz (pictured), President of Wilshire Funds Management.
The Wilshire Liquid Alternative Multi-Strategy IndexSM, which includes both single and multi-manager funds, returned 0.99 per cent in October.
The Wilshire
The Preqin All-Strategies HedgeFund benchmark generated 1.15 per cent in October, the benchmark’s twelfth consecutive month of positive returns.
With year-to-date returns climbing to 9.30 per cent so far this year, the hedge fund industry remains firmly on track to generate its best performance since 2013.
Asia-Pacific focused funds outperformed all other top-level regional focuses tracked by Preqin during October, recording its best month thus far this year (+2.91 per cent) and solidifying its current position as the best performing top-level regional focus year-to-date (+16.27 per cent). Emerging market focused funds struggled in comparison, generating 0.42 per cent to
LiquidityBook, a Software-as-a-Service (SaaS) based provider of buy-and sell-side trading solutions, has launched LBX Outsourced Trader, an advanced POEMS (portfolio, order and execution management system) with fully integrated FIX connectivity.
The system has been developed specifically with the unique needs of an outsourced trading firm, who share elements of both a buy- and sell-side trading desk, in mind.
Like all LiquidityBook’s trading solutions, LBX Outsourced Trader is built on a single source code and not an amalgamation of various acquired components. It offers global, multi-asset trading capabilities providing advanced OMS functionality – including Order and Ticket Staging, Auto Marking,
NEX has signed a Statement of Commitment to adopt the principles of the FX Global Code across its EBS FX trading platforms and NEX Optimisation services.
NEX announced the signing of the Statement of Commitment and introduced a new NEX public register at the Global Foreign Exchange Committee meeting held at the NEX offices in London on 14 November 2017.
The purpose of the register is to raise awareness of those that have signed their Statement of Commitment to the Code. All 45 representatives from the Market Participants Group (“MPG”) signed a Statement of Intent once the Code was
FIX Trading Community has released its Recommended Practices for Commission Unbundling as required by MiFID II.
MiFID II has introduced the requirement to explicitly separate commissions into their component parts (eg execution, research) with a focus on the specific identification of the research component of the commission. In addition, MiFID II has introduced the concept of a research-payment account (RPA). Previously, commission payments were generally handled in the background by Commission Sharing Agreements (CSA).
Over the past two years, FIX members have debated and discussed the European Securities and Markets Authority (ESMA) terminology and responded to updates across a
Blockchain company Coinfix Inc has launched USC, an encrypted digital asset pegged to the US dollar. With a fixed exchange rate of 1:1, it means that holders of USC will have the flexibility of a digital asset and the assurance of US dollar value.
Kevin Yu, the founder of Coinfix, argues that the appeal of USC lies in its stability, efficiency and security. USC includes a mechanism for stability by requiring Coinfix users to store corresponding USD in their Coinfix account. One unit of USC will be issued on Blockchain only after one unit is increased in its USD reserve.
European Commodity Clearing (ECC) and the Allocated Bullion Exchange (ABX) have agreed to cooperate on clearing and settlement.
ABX, established in 2011 with its headquarters in Brisbane/Australia, operates the world’s leading exchange platform for spot allocated physical precious metals, offering trading services for gold, silver and platinum contracts. Under the agreement, ECC will provide clearing and settlement services for the international US-Dollar nominated contracts listed on ABX. The related extension of ECC’s service offering is envisaged for 2018 and is subject to final approval by the regulatory authorities.
Since its inception in 2011, ABX has modernised, globalised & integrated the precious
Vela, a market access technology provider, has launched its Systematic Internaliser (SI) Data Hub, part of its comprehensive MiFID II solution suite. Vela has also confirmed the addition of Sun Trading as part of its roll-out of new Systematic Internaliser venues.
Vela’s SI Data Hub provides clients with access to multiple SI liquidity price feeds through a single normalised API, helping to address MiFID II concerns regarding best execution and liquidity fragmentation when it takes effect on 3 January 2018. The Vela SI Data Hub supports the SI Consolidated Book providing clients with a single, consolidated Best Bid Offer (BBO)
The Dutch Central Bank has announced that as of 31 March 2018, investment firms dealing on their own account are must meet the requirements of the EU Capital Requirements Regulation (CRR). Flow Traders is currently assessing the impact of these CRR capital requirements.
“Flow Traders’ risk awareness has always supported a conservative financing of its trading positions by a strong and unlevered balance sheet. As such, we are confident in the outcome of the assessment and support a level playing field for all market participants. We will inform the market about this outcome as soon as we have clarity
Abacus Group, a provider of hosted IT solutions for alternative investment firms, has appointed Dave Parsons as Chief Information Security Officer (CISO).
Parsons brings over 25 years of experience in the IT and security fields working primarily as a private security consultant for some of the largest financial services firms in the world, including Barclays, Deutsche Bank, Citibank and Macquarie Bank.
“Cybersecurity is and will continue to be the most vital aspect of IT. Having someone of Dave’s caliber join our executive management team is a sign of our continued commitment to being a leader in our industry,” says
