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Euronext has extended its agreement with LCH SA on the continued provision of derivatives and commodities clearing services for a period of 10 years. This follows the announcement of 8 August 2017.
The new long-term agreement covers the clearing of financial and commodity derivatives for a period of 10 years. It provides continuity of clearing services for members, saving the cost and disruption associated with a migration at a time where client bandwidth is stretched due to MiFID II implementation and Brexit planning. Euronext and LCH SA will work together to develop new products for the benefit of clearing members
The Commodity Futures Trading Commission (CFTC) has issued an amended order to Chicago Mercantile Exchange concerning foreign futures contracts currently listed or which will be listed in the future for trading on the Dubai Mercantile Exchange (DME) and cleared by CME.
The order was issued in response to a petition CME filed.
Under the order, CME and its clearing members that are registered futures commission merchants may commingle customer funds related to DME contracts with customer funds related to futures contracts in accounts segregated in accordance with Section 4d of the Commodity Exchange Act. The amended order expands a
Quant Insight (QI), a macro research firm providing discretionary asset managers with actionable investment ideas, has appointed Ryan Adams, Professor of Computer Science at Princeton University, and Duncan Clark, Chairman of BDA China, to its advisory board.
The appointments add further academic rigour to Quant Insight’s analytics models and will support future expansion to Asia.
Launched in January 2017 following three years of technological development, Quant Insight is a macro research firm that provides quantitative analysis and actionable investment ideas to hedge funds, asset managers, pension funds and wealth managers. QI combines investment expertise with high-quality data, proprietary algorithms
The State Street Global Investor Confidence Index decreased to 96.9 in October, down 7.5 points from September’s revised reading of 104.4.
The decline in sentiment was driven by an 8.7 point drop in the North American ICI to 96.8, along with a 6.7 point fall in the Asian ICI to 96.2 and a 0.7 point decrease in the European ICI to 93.1.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the
Lodbrok Capital, an investment manager focused on the European credit market, has appointed Adam Sorab as Partner. This follows a period of organic growth and the successful launch of the Lodbrok European Credit Opportunities Fund in May 2017.
Sorab (pictured), joins from hedge fund CQS, where he spent the last 13 years and where he held various senior roles including Head of Investor Relations.
Lodbrok Capital has hired Sorab to lead the company’s investor relations with responsibility for managing client relationships. Sorab brings over 30 years’ investment industry experience to the firm. Prior to CQS, Sorab was Head of
QuantHouse’s QuantFEED and QuantLINK are now available via Virtu Financial’s disclosed Systematic Internaliser (SI) platform enabling clients to access Virtu’s liquidity under MiFID II’s transparent SI regime.
Virtu Financial is one of the largest electronic market makers, providing liquidity to the global equity, ETF, Energy, and FX markets and is raising the bar on transparency by providing bilateral liquidity in European cash equities to sell side firms in Europe by utilising MiFID II’s SI regime. Virtu Financial Ireland Limited intends to register as a Systematic Internaliser (SI) in Europe in 2018.
For many years QuantHouse has been successful in
NetCurrency.com, a fintech startup company based in Hong Kong, has released a beta version of Neco, a digital currency for global forex trading and asset management, a USD5 trillion daily market.
Net Currency (Neco, or NTC) is a geo-political neutral digital currency portfolio monetary system, and fundamentally different from crypto-currency or virtual currency such as Bitcoin. Net Currency is not issued by any central bank nor generated by computer algorithms, instead it is issued and funded by a community of users and consists of a portfolio of underlying world sovereign currencies, with percentages of each currency agreed upon by its members.
Well over half (58 per cent) of North American buy-side firms have confirmed that they will need to comply with MiFID II, and yet only 23 per cent feel extremely confident that they have a plan in place, while 77 per cent are either somewhat or not at all confident.
That’s one of the findings of a new poll by SimCorp which focused on the directive’s reach beyond the borders of the European Union. The poll, which canvassed the opinions of more than 150 buy-side participants from across 68 firms, was carried out in conjunction a SimCorp webinar in September
Nicola Wealth Management has launched its NWM Private Debt Fund. This fund combines a fund-of-funds approach with a direct investment in private debt opportunities to earn an attractive premium above public market fixed income yields and returns.
“By partnering with a stable of handpicked sub-managers, we are able to diversify across regions, industries, and strategies to include a wide set of private debt opportunities,” says NWM president, David Sung (pictured). “Nicola Wealth has always focused on an asset allocation that extends beyond typical stocks and bonds to create true diversification. We see great potential in adding private debt to that mix.”
Metamako, a leader in specialist FPGA-enabled high-performance networking platforms, has teamed with Velocimetrics, a provider of intelligent, business flow tracking and performance analytics, to provide MiFID-compliant timestamping.
Metamako’s low-latency, FPGA-enabled network devices will deliver lossless data capture and nanosecond-precision timestamping; Velocimetrics’ VMX monitoring software will consume and analyse the ‘raw’ data to enable financial institutions to measure, monitor and gain deep insight into their business/trade flows with unprecedented speed, accuracy and flexibility.
Velocimetrics already provides applications for end-to-end visibility of trading data through its VMX EndtoEnd offering, and now the collaboration enables capital market firms to deploy a solution that
