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StarCompliance, a provider of enterprise compliance and regulatory software solutions for the financial services industry, has secured an investment from Luminate Capital Partners, a San Francisco-based private equity firm, to support its global growth strategy.
StarCompliance’s software platform helps financial services institutions manage, prevent, detect, report and resolve employee conflicts of interest by providing an unmatched 360-degree view of employee activity across the enterprise. StarCompliance’s platform monitors critical regulated employee activities such as personal trading, gifts and entertainment, political contributions and outside business activities to ensure ongoing compliance and mitigate the operational and reputational risk of non-compliance.
“We are
Pragma, a multi-asset quantitative trading technology provider, has enhanced Pragma360’s algorithmic suite to support triangulation of cross pair trading.
The new functionality, created in response to client demand, allows traders to trade cross-pairs through triangulation to achieve better prices. By splitting the trade across more liquid currency pairs then triangulating the liquidity through a common base currency, it allows the benefits of algorithmic trading to extend to less liquid cross pairs.
According to Greenwich Associates, real-money investors and corporate treasuries that commonly need to trade these illiquid pairs overwhelmingly value best execution and price above other factors when it comes
By George Ralph, RFA – We all know that cyber-attacks are not only more prevalent but they are increasing in ferocity, becoming ever more ambitious and overt. The latest culprits, Petya and WannaCry both used phishing attacks to spread malware through networks, and Petya rendered the user’s computer inoperable and gave hackers full access to the usernames and passwords stolen from the computer.
Here is a set of top tips to prevent your firm being an easy target for cybercriminals:
1) Get your paperwork in order
Documented policies and procedures safeguard business data, systems and networks and allow you to
Below is an excerpt from Eze Castle’s whitepaper, Is Hybrid Cloud Right For Your Firm?.
Download the full whitepaper here.
With its security, privacy, and performance, the private cloud has been the go-to option for financial and investment firms that require enterprise-caliber IT infrastructure. In most cases, that private cloud is professionally managed by a service provider solely focused on monitoring, managing, and maintaining that infrastructure to meet business requirements and compliance directives. Thus, firms benefit from seasoned, industry-experienced professionals who live and breathe financial IT.
For many firms, so-called public cloud infrastructures offer compelling opportunities and advantages. For
NEX Data has launched the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings. The new fixings went live on 26 July 2017 and enhance the variety of global benchmarks available, bringing increased transparency to all FX market participants.
The EBS FX Benchmarks are based on actual transactions and orders during the ten minute fixing window on NEX Markets’ EBS FX central limit order book. The fixings are published 24 hours a day, five days a week and include the full list of core EBS currencies (see list below). This ensures that the rates are the most reliable and transparent
Much is made in the mainstream media of the supposed greed and avarice of hedge fund managers but as a recent Emerging Managers survey, compiled by boutique prime broker GPP in partnership with AIMA reveals, the opposite is true.
Far from looking to exploit investors with sky-high performance fees, the survey finds that the average figure is 15.37 per cent for funds that launched one to three years ago. Moreover, some 77 per cent of survey respondents said that performance fees in their flagship fund over the next 12 months would remain unchanged.
This level of pragmatism often gets overlooked,
Alternative asset manager FS Investments has promoted Chief Investment Officer (CIO) Mike Kelly (pictured), to President with immediate effect. Kelly will remain as CIO.
In his expanded role, Kelly will continue to serve on the firm’s Executive Committee, oversee investment management and product development, and in addition will now direct FS’s capital markets, due diligence, investment research and investor relations functions.
“Mike has been an important part of our growth and success since joining us, and we are excited to name him President as he expands his role,” says Michael C Forman, Chairman and CEO of FS Investments. “We
Bates Wells Braithwaite has appointed Richard Cross (pictured), as a Senior Consultant to its growing regulatory consultancy, BWB Compliance.
A specialist in UK and European regulation, Cross brings a wealth of experience in helping financial services firms to tackle compliance challenges and regulatory changes such as AIFMD and MIFID II.
Cross joins following a six-year stint at financial services regulatory consultancy Bovill, where he worked as a Managing Consultant, primarily advising asset managers in the Private Equity and Venture Capital sectors.
BWB Compliance offers regulatory advice and support to financial services firms. Richards joins at a time
LeverPoint Management, a full service Fund Administration firm, has acquired Lamplighter Financial. Lamplighter CEO, Brian Woodall, will take on a new role as Director, Business Development.
“We are thrilled that Lamplighter Financial is now a part of LeverPoint,” says David MacPhee (pictured), CEO, LeverPoint. “As we continue to grow and expand our client base across the country, acquisitions like these will be a vital part of the strategic process.”
LeverPoint is a Clifton Park, NY based Fund Administration firm that offers full service fund accounting, tax and back office support within the alternative investment sector. LeverPoint allows Fund Managers
Two new European indices for blue chips – the Morningstar Eurozone 50 Index and Morningstar Developed Markets Europe 100 Index – are now live on Euronext.
The indices developed by Euronext and Morningstar aim to provide different investor profiles (asset managers, brokers, ETF issuers, banks and trading desks) with equity beta indices that can be used as benchmarks and for investable product creation. The new indices are positioned as a competitive alternative to Europe’s existing offerings and are part of Morningstar’s Open Indexes Project, which delivers a portion of Morningstar’s global equity indices for no cost to the investment community
