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Options Technology, a Capital Markets services provider, has achieved VMware Cloud Verified status in MTL4 Montreal. The accomplishment follows the VMware Cloud Provider Principal Partner Status awarded to the firm last year alongside its s Cloud Verified status at TR2, NJ2, PRDC, LHC, LD4 and NY5 sites.
Cloud Verification assures that a partner is validated to expertly deliver cloud Infrastructure-as-a-Service across VMware’s best-in-class network, storage, and compute solutions to meet specific individual client needs.
It enables customers to achieve unmatched consistency, performance, and interoperability for traditional and containerised enterprise applications using the most advanced VMware cloud technologies.
Responsding to calls for transparency among digital assets exchanges, WOO Network has launched real-time reporting of its assets and liabilities – an industry first. WOO Network’s transparency dashboard, WOO X, includes live data reporting that updates every 15 minutes, detailing proof of assets and where they are held, information on liabilities, and additional information related to transparency.
In coming up with the dashboard, WOO Network also analysed other centralised exchanges (CEXs) to check for the transparency features that users are looking for. According to its study, not all the top 50 exchanges are confident to display their books.
Out of the
400 Capital Management, an alternative credit asset manager specialising in structured credit with over $5.7 billion of capital under management, has held the final close of its Asset Based Term Fund III with $580 million of committed capital.
The current environment is creating ripe opportunities for foreign managers seeking looking to raise capital in Japan as local investors and institutions look for fixed income substitutes to supplement returns. Having a local presence can help elevate their offer, however they have to be patient and persistent as business practice tends to move at a slower pace.
On the ground presence
Japan continues to offer attractive investment opportunities to global investors. The second largest developed economy provides a comforting rule-of-law backdrop, which should not be taken for granted at the global level. Private market investment origination teams remain quite active. Real estate investment amounts by offshore investors, for example, over the past three years have consistently been over ¥1 trillion annually, despite the Covid-19 disruptions.
Japan is focusing on utilising its domestic wealth and maximising the investment potential of its ageing population. This translates into opportunities for investment managers looking to grow their footprint in the country and establish a strong Japanese client base. In its endeavours to strengthen its reputation as a financial hub, Japan is also working to help foreign investors discover hidden gems within its capital markets.
Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, saw its gains so far in 2023 reach almost 32% following another month of positive performance in November, according to a report by CNBC.
New York-based hedge fund Fir Tree Capital Management is suing Grayscale Investments in a bid to secure access to information that could be used to force changes in the way the firm runs its $10.7 billion flagship Bitcoin Trust fund, according to a report by Bloomberg.
Fir Tree filed a law suit against Greyscale on 6 December at the Delaware Court of Chancery in a bid to force Grayscale to lower its fees, begin stock redemptions and hand over documents relating to its relationship with the Digital Currency Group.
The hedge fund also wants Grayscale to halt its efforts to
Orthogonal Trading has become the latest victim of the fallout from the sudden collapse Sam Bankman-Fried’s crypto exchange FTX and trading house Alameda Research, with the cryptocurrency hedge fund having been declared in default on almost $36 million of loans, according to a report by Bloomberg.
The report cites a tweet by Orthogonal Trading on Tuesday saying that it had been “severely impacted by the collapse of FTX and associated trading activities,” making it unable to repay a $10 million crypto loan. M11 Credit, the entity that runs the lending pool on DeFi protocol Maple subsequently issued a notice of
FactSet, a global provider of integrated financial information and analytical applications, has partnered with BMLL Technologies to offer the company’s granular order book history and analytics in the cloud.
The initial release of the FactSet-BMLL offering includes “Market by Price” Level 2 Tick History.
BMLL’s cloud-native data and analytics complement FactSet’s existing client offering across a wide range of use cases, including Quant Research, Back Testing, Best Execution, Transaction Cost Analysis (TCA), Compliance, Surveillance and Risk.
FactSet recently made its entire global archive of Level 1 Tick History across 300+ venues accessible via Snowflake, enabling clients to access
