Latest News
Horseshoe Group (Horseshoe) has made two senior hires to strengthen its fund administration offering. Keenan Press and Gordon Paterson have been appointed as SVP – Head of Investor Services and Group Manager – Fund accounting respectively.
Crux Informatics has closed a USD10 million Series A financing, led by Goldman Sachs Principal Strategic Investments (PSI) and other institutional investors.
Crux helps companies reduce the effort and money spent acquiring, exploring and processing large amounts of data. The company implements and operates the data processing pipelines they create for their customers’ unique requirements. Crux says its clients can find actionable insights faster and easier.
“The emergence of unstructured data as an important input into the investment process creates a great opportunity for financial institutions, but only if actionable insights can be extrapolated from it,” says Darren Cohen, global
Following difficult conditions for CTAs for most of this year, October has seen significant improvement as all of Societe Generale’s CTA indices returned positive performance. Trend following strategies performed the best as the SG Trend Index was up 5.55 per cent for the month.
October was the strongest month since June 2016 for both the SG Trend and CTA Indices, and since February 2016 for the Short-Term Traders Index. As a result, year-to-date performance for the CTA, CTA Mutual, and the Trend Index moved back into positive territory. However, despite the uptick in performance for all strategies in October, the
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has released a new version of its Financial Public Holidays service.
Monitored daily, the service provides timely and accurate information on holiday observances affecting financial institutions such as Exchanges & Trading Venues, Banks, Settlement venues and Currency traders.
The latest update adds extensive coverage to our services, allowing subscribers to now access 1485 Exchanges and Trading Venues, 262 Banks, 149 Currencies, 118 Clearing Banks, and 150 Exchange holidays celebrated by Clearers. Holiday observances are now available for the next 33 years and historical data
Risk management comes in many forms for private equity and alternative investment firms, with a wide range of scenarios to consider including: account technology risk; third party and supply chain risk; fraud and misconduct risk; cyber risk; compliance risk; and reputational risk.
Aimed specifically at alternative investment and private equity firms, this free, lunchtime RFA risk management training session, which is being held in London on 7 and 11 November from 11:00-14:00, will give fund managers, operational and technical leaders, and board members a clear understanding of how to manage and mitigate information risk.
This three-hour session led by GDPR
IHS Markit has launched a cross-asset class registry of systematic internalisers (SIs) to help firms understand their trade reporting obligations under MiFID II.
The service covers all asset classes covered by ESMA RTS 2, including bonds, all classes of OTC derivatives, equities and equity-like instruments and structured products. It was developed in consultation with the International Swaps and Derivatives Association (ISDA), broker-dealers, Approved Publication Arrangements (APAs) and other industry groups.
SIs are investment firms that fill a significant number of client orders internally. According to MiFID II, when one party to a transaction executed off-venue or on a non-European
Avelacom, a provider of connectivity and IT infrastructure solutions, has launched a new point of presence (PoP) in the Australian Security Exchange’s (ASX) Australian Liquidity Centre (ALC), Australia’s only data centre dedicated to the financial markets community.
The initiative is designed to meet the rising needs of proprietary trading desks and brokerage firms to access Australian capital markets over a single, low-latency network that also connects trading venues in Asia Pacific, Middle East, Europe and North America.
Avelacom will serve as an official Network Service Provider (NSP) within the ALC and has the capability to provide ALC members with
Euronext has reported strong revenue growth in the third quarter of 2017, with an increase of 14.1 per cent over Q3 2016 to EUR128.7 million, mainly due to improvement of volumes in a stabilised macro environment.
Cash average daily volume (ADV) was up 9.5 per cent in Q3 2017 compared to Q3 2016, to EUR6.9 billion, while market share of cash equities strengthened to 65.2 per cent, with robust yield. In addition, an improved competitive landscape for Dutch derivatives has seen equity derivatives ADV increase 20.8 per cent.
Euronext saw strong listing activity over the quarter, with increases in IPO (+68.6
OTCX, an over-the-counter derivatives platform, has secured backing from the Angel CoFund as part of its latest funding round.
The Angel CoFund is a GBP100 million investment fund, supported by the British Business Bank, with objectives to back promising UK businesses and help develop the important business angel investment market.
In a market in which over 50 per cent of OTC derivatives are traded via chat, email or voice technology, OTCX provides new solutions that help structure price discovery, negotiation and affirmation communication between counterparties. The investment by the Angel CoFund is further validation of OTCX’s technology and progress in bringing an antiquated OTC derivatives community into the
Beachhead Capital Management, an investment advisory firm that specialises in liquid alternative investments, has appointed Dr Pankaj Ghemawat to oversee the firm’s Research Advisory Board, which focuses on structural changes within the asset management industry.
Ghemawat (pictured), currently serves as a full professor at both the NYU Stern School of Business and IESE Business School in Barcelona, Spain. Prior to this, he was a professor at Harvard Business School, and was the youngest person appointed to a full professorship. Ghemawat is the author of eight books and over one hundred articles, and has received numerous industry awards. He has an AB
