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GCEX, a prime brokerage in digital assets and FX, has released XplorDigital trading solutions, including two new proprietary trading platforms – XplorSpot and XplorTrader – to help brokers, fund managers, hedge funds and professional traders operate more efficiently.
Aquis Technologies, a division of Aquis Exchange, a specialist in financial markets and trading technology, has launched Aquis Equinox, which it says is the world’s first regulated market-grade 24/7 matching engine, never requiring shut down or downtime.
Global markets demonstrated the madness of the proverbial March hare last month, as the demise of not one, but three banks, in a matter of days triggered turmoil that provided hedge funds with plenty of challenges, but investment opportunities too.
The recent bond market turmoil triggered by the collapse of Silicon Valley Bank, Signature Bank and Credit Suisse, caught out many macro and trend-following hedge funds, according to a report by the Financial Times, with monthly losses among the worst seen since the Dotcom bust.
Sachem Head Capital Management, an activist hedge fund firm founded by Scott Ferguson in 2012, has urged US aluminium sheet maker Arconic to execute its plan to sell itself, after acquiring a stake in the business, according to a report by Reuters.
Aragon Global Management, the global equities hedge fund firm founded by Anne Dias, the former wife of Citadel boss Ken Griffin, has closed its Chicago office and relocated its headquarters to Miami, according to a report by Bloomberg.
Aragon, which manages about $320 million, joins a growing list of hedge fund firms that have set up shop in the tax-friendly Sunshine State, including Griffin’s Citadel, which also swapped Chicago for Miami alongside the billionaire’s market-making firm Citadel Securities.
According to an unnamed Bloomberg source, as well as its new HQ in Miami, Aragon is to maintain its existing office in
The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a US broker-dealer, for using nonpublic information in advance of at least seven merger announcements involving Special Purpose Acquisition Companies to earn illicit profits of more than $3.4 million.
OptionMetrics, an options and futures database and analytics provider for institutional investors and academic researchers worldwide, has acquired Woodseer Global, a provider of dividend forecast data for equities, American depositary receipts and ETFs.Â
The Depository Trust & Clearing Corporation, the post-trade market infrastructure for the global financial services industry, has made several key leadership appointments that become effective on 10 April, 2023. The new appointees will report to Frank La Salla, DTCC’s president and chief executive officer, and serve on the company’s Management Committee.
A shift in economic conditions which are more conducive to new fund formations will also help support growth in the industry. Butler notes the jurisdiction is already starting to see new fund launches taking place during the first quarter of 2023.
