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Charles River Development and Trax, a subsidiary of MarketAxess Holdings, have agreed to integrate Trax’s MiFID II Trade and Transaction reporting solutions into the Charles River Investment Management Solution (Charles River IMS).
Mutual clients of both firms will now be able to use the Trax Approved Publication Arrangement (APA) to publish trade reports and Approved Reporting Mechanism (ARM) to transaction report trades to National Competent Authorities (NCAs) for all required asset classes.
MiFID II requires investment firms to publish trade reports of qualifying trades in near real-time via an APA for the purpose of market transparency. MiFID II also
Optima Fund Management, a hedge funds and hedge fund investment firm, has been awarded prestigious awards by two major industry groups.
First, Optima Fund Management won the ‘Best Specialist Fund of Hedge Funds’ category at the Hedgeweek USA Awards 2017 ceremony in New York on 22 September. Then, the firm’s flagship fund was named the top ‘US Strategies – 1 Year’ fund by InvestHedge at its award ceremony on 28 September.
Optima is no stranger to awards which recognise the quality and range of its investment performance. The two new plaudits add to the roll-call of six victories since
MDX Technology has integrated its real-time data distribution platform with Symphony, a secure workflow and collaboration platform for the global financial services community.
The first release of the new MDX Symphony App is planned for the end of 2017 and will allow users to display real-time market data in the Symphony environment and collaborate with counterparties. MDX plans richer collaboration features in the next release. MDX is also pleased to announce that it has joined the Symphony partner program and exhibited at the Symphony Innovate event in New York on 04 Oct 2017.
The new MDX Symphony App enables
With 60 working days before the MiFID II implementation deadline, RSRCHXchange, the research aggregator and marketplace, has launched its latest version of RSRCHX including mobile and desktop apps and a range of new research management functionality.
In addition, the RSRCHX bot was successfully launched at the Symphony Innovate event in New York, on 4th October 2017, allowing users to easily access reports by chatting with the RSRCHX bot via Symphony.
From today, buy-side and sell-side users can download both the RSRCHX mobile app, available on iOS and Android, and the desktop app, which was built on the OpenFin operating
Skylar Capital Advisers has added energy trading veteran Brenden O’Neill to the firm’s trading desk. O’Neill, a veteran natural gas options expert, joins Skylar with over 20 years of successful trading experience.
O’Neill began his career at Koch Energy where he spent his first five years as an engineer in the refining division before transitioning into trading as a gas basis and options trader for Koch Energy Trading, and later Entergy-Koch Trading. In early 2006, he co-founded Draxis Energy Management, a prominent Houston based energy trading fund. At Draxis, O’Neill was also a senior portfolio manager responsible for trading natural gas along with
The Castlewood Select Funds flagship fund, the Castlewood Select Opportunity Fund, posted a 3.2 per cent return net of fees and expenses for the third-quarter 2017, its fourteenth consecutive monthly gain.
Mark Wittenstein (pictured), Managing Partner of the Castlewood Select Funds, says this puts the Fund up 13.8 per cent YTD through September 2017 and caps a 12-month return of 18.7 per cent for the Macro Fund.
“The market logged its sixth straight month of gains in September and continues on its streak of all-time highs to open the final quarter of 2017. For its part – with a
The team behind the first regulated bitcoin hedge fund and Exchange Traded Bitcoin notes has launched CoinShares, a new brand for their growing portfolio of crypto investment vehicles.
With the announcement, GABI, the group’s bitcoin fund and XBT Provider, issuer of two bitcoin ETNs, becomes part of the CoinShares group of products; a family which collectively represents USD300 million in crypto-assets.
“We are bringing these pioneering products under one brand so that investors can grow with a familiar partner. It’s the next logical step in professionalizing crypto-finance – as more assets mature in the space, more investors will demand
Charles River Development has formalised a partnership with Northfield Information Services to integrate Northfield’s portfolio optimiser and suite of cross-asset factor models in the Charles River Investment Management Solution (Charles River IMS).
Under the agreement, Charles River clients will have access to all of Northfield’s factor models including equity, REIT, private equity, multi-asset models and others.
Together with Charles River’s portfolio management, risk and attribution capabilities, Northfield’s factor models help firms identify, measure and reduce risk across asset classes, and gain a consistent view of performance and risk. Northfield’s models support both absolute and relative return strategies and cover
Finbourne Technology has launched LUSID (Liberated Unified Secure Investment Data-machine), a new cloud-based asset management platform designed to replace existing in-house software and hardware.
Finbourne says LUSID can dramatically cut operational and capital costs, modernise capability and liberate managers from infrastructure worries to concentrate on their core competency – asset management.
LUSID was built to become a market utility. Just as no business would think of installing its own water supply, nor should fund managers endure the pain and huge expense of installing, updating, staffing and worrying about systems for recording and accessing investment data. These are non-differentiating activities
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has partnered with RegTek.Solutions, a specialist in regulatory compliance technology, to launch Reconcile.Trade, a managed service that provides independent, turnkey reconciliations that directly address regulators’ demands for the proactive oversight of trade and transaction reporting.
The joint service combines RegTek.Solutions’ specialised trade and transaction reporting software and market expertise with SmartStream’s leading reconciliations platform, to offer comprehensive, ‘regulation-aware’ reconciliations that are pre-integrated with leading trade repositories (TRs), approved reporting mechanisms (ARMs) and national competent authorities (NCAs). Regulators now require reporting firms to have ‘arrangements’ and ‘mechanisms’ for the reconciliation of
