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Cobalt, the FX post-trade processing network based on distributed ledger technology, has joined the BT Radianz Cloud, meaning organisations can now access Cobalt’s private peer-to-peer and blockchain services via their highly secure and resilient Radianz Cloud connections.
Cobalt uses distributed ledger technology to remove cost and complexity from post-trade processing. It leverages blockchain-derived concepts of encryption, digital signatures and consensus to deliver a single, immutable record for each trade, replacing traditional systems which often involve duplicated processes. By creating a shared view of trade data, Cobalt frees up back and middle office resources from multiple layers of reconciliation, speeding up
The alternative assets industry reached a record size as of the end of 2016, according to the latest performance analysis data released by Preqin examining assets under management, horizon returns, public market equivalents and top performing funds.
Hedge funds saw their assets hit a record USD3.25 trillion, despite net investor outflows through the year. Private capital funds, meanwhile, increased their assets by over 7 per cent, from USD4.27 trillion as of the end of 2015 to USD4.59 trillion 12 months later. Private equity funds represent the largest proportion at USD2.58 trillion, followed by real estate (USD785 billion), private debt (USD605
Torstone Technology, a provider of post-trade securities and derivatives processing, has appointed Mack Gill as Chief Operating Officer (COO) and member of the Board of Directors, based at the firm’s London headquarters.
Gill (pictured), has a wealth of experience in capital markets technology, having worked with the world’s leading exchanges, clearing houses, depositories, banks and brokers; most recently in his role as CEO of MillenniumIT, a leading trading technology company and subsidiary of London Stock Exchange Group (LSEG).
At MillenniumIT Mack significantly grew the business, establishing new client partnerships with exchanges and clearing houses in regions around the world.
The Depository Trust & Clearing Corporation (DTCC), Investment Company Institute (ICI) and the Securities Industry and Financial Markets Association (SIFMA), on behalf of the T+2 Industry Steering Committee (T+2 ISC), have supervised the transition to a standard settlement timeframe of trade date plus two days (T+2) for in-scope securities, including US equity, corporate and municipal bond, and unit investment trust (UIT) trades, reducing operational and systemic risks to the US marketplace.
Trades in the affected securities will now settle in two business days instead of the previous three-day cycle, providing significant benefits, including reduced market and counterparty risk, increased financial
Intralinks, in partnership with Global Fund Media, has polled more than 140 LPs worldwide to understand how they view the GPs they currently allocate to. Key findings in this comprehensive survey report provide deep insight into LP thinking and planning.
Click here to read the Intralinks 2017 LP Survey Report
SPM LLC, a specialist fixed income manager focused on US residential mortgage-backed securities (MBS), rates, volatility, and credit, has appointed Peter J Mobberley has joined the Firm’s investor relations and marketing team as a Managing Director.
Previously, Mobberley (pictured), was a Managing Director of Business Development at Axonic Capital LLC.
“Peter brings a wealth of knowledge and experience in the MBS and fixed income sectors to SPM and we are excited to welcome him to our team,” says Chris Sutter, SPM’s head of Investor Relations and Marketing. “His extensive industry expertise and deep institutional relationships will be valuable as
By Fiona Le Poidevin (pictured), CEO, The International Stock Exchange Group – There are a number of advantages of listing on TISE, including the ability to demonstrate additional substance within and create value for investment structures, says Fiona Le Poidevin, CEO, The International Stock Exchange Group.
Asset management groups are still coming to terms with the fact that international developments such as the EU’s Alternative Investment Fund Managers Directive (AIFMD) and the OECD’s Base Erosion and Profit Shifting (BEPS) initiative have placed increased focus on the substance of investment structures.
However, there are a number of advantages of listing on TISE,
Deutsche Börse and Illuminate Financial Management have co-led in a USD5 million Series A funding round in RegTek.Solutions, a multi-jurisdiction regulatory reporting solutions provider.
Based in New York, RegTek.Solutions was launched earlier this year as a specialist provider of global regulatory compliance software by Risk Focus Inc, a risk and regulatory services firm. RegTek.Solutions provides innovative trade reporting solutions and cost-effective compliance software (Report-It) enabling firms to improve the quality, transparency and control of regulatory reporting obligations across multiple jurisdictions and asset classes, including OTC Swaps, Credit, Rates and Equity, as well as FX and Commodities trading. The firm counts ten
MDX Technology, a provider of real time data distribution solutions to the trading community, has appointed Simon Luhr (pictured), CEO and co-founder of FinEx Capital, as a Non-Executive Board Director.
At the same time Clare Walsh, founder of Metia and Finextra, is also joining as a strategic advisor to the Board of Directors. Both FinEx Capital and Clare are investors in the MDX business.
Paul Watmough, CEO and co-founder of MDX, says. “Over the last twelve months we have experienced strong demand for our solutions and have added a number of prestigious new names to our increasing client list.
PEGAS, the pan-European gas trading platform operated by Powernext, has launched the European Gas Spot Market Index (EGSI), which will cover all liquid gas spot markets operated by PEGAS.
Along with the launch of EGSI, PEGAS will also harmonise the use of existing indices for the futures market.
The introduction of EGSI will allow market participants to better mirror short-term price developments in their contracts. As a result of the opening and liberalisation of the European Gas markets, the importance of transparent prices determined on supervised exchanges has increased further. The substitution of oil-indexed pricing by gas-hub pricing is
