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Options Technology, a Capital Markets services provider, has completed its 100Gb core network upgrades across all major London colocation sites. Options’ clients now benefit from the lowest-latency fixed line routes available, alongside connectivity access to all major liquidity hubs in London through diverse and resilient routes powered by Hollow-core fibre technology.
Options facilitate access to hundreds of exchanges and markets worldwide, offering highly resilient and performant global colocation and connectivity services. This further reduction in latency and the vast increase in capacity reaffirms Options’ commitment to expanding its services with a host of newly available routes and latency profiles across the
Societe Generale is to merge large parts of its equities business with AllianceBernstein, with the companies having agreed to merge their cash equities trading and research units in a joint venture, according to a report by Bloomberg.
Britannia Financial Group has expanded Britannia Global Markets Limited’s Prime Brokerage offering, to include the trading of FX, index and commodity CFDs. The new offering will be supported by several technology platforms, including Lucera, PrimeXM, MetaQuotes and MaxxTrader.
The coming year could bring a strong launch market, with new funds and emerging managers coming to light. This could lead to an interesting dynamic as the prime brokerage industry continues to change and evolve. Will these new launches have a hard time finding a pb home?
Microsoft has replaced Amazon.com as the favourite long position for hedge funds, according to a report by Dow Jones Newswires, with Goldman Sachs analysis revealing that 82 funds now have Microsoft as a top ten portfolio holding.
Su Zhu, co-founder of failed cryptocurrency hedge fund Three Arrows Capital (3AC), believes that the collapse of Sam Bankman-Fried’s FTX empire could set the cryptocurrency back by up sebve or eight years, according to a report by Bloomberg.
Private wallets and self-custody are becoming increasingly popular with hedge funds in the wake of the collapse of cryptocurrency exchange FTX which highland the risks of relying on a single venue for trading, according to a report by Financial news
The report cites Anatoly Crachilov, chief executive of Nickel Digital Asset Management, as saying that his firm is seeing lower trading volumes across all trading venue as investors are “derisking” their positions.
The demise of FTX, which filed for bankruptcy on 11 November, has exposed a raft of weaknesses in the current crypto ecosystem, including high levels of leverage on
Eric Lonergan, a macro hedge fund manager at M&G where he has been running over $5 million in assets, is to quit the firm on 1 December after 16 years with the firm, according to a report by Funds Europe.
The report cites a LinkedIn post by Lonergan as revealing that he would quit M&G by the end of the year, but the firm later announced he would be giving up his role at the start of next month.
Lonnergan, who joined M&G back in 2006, posted on LinkedIn that it was “time for a change”.
Prior to M&G, he
Kingsbarn Capital Management, a multi-disciplinary alternative asset manager focused on delivering niche products that help investors best navigate current market conditions, has appointed Jim Fowler as its Chief Investment Officer.
Euan Fraser, Chief Executive Officer, of Alpha FMC, a global provider of specialist consultancy services to the asset management, wealth management and insurance industries, has notified the Board of his intention to step down on 31 March 2023.
Fraser will remain with the Group as a Strategic Adviser with Luc Baqué, currently Global Head of Asset & Wealth Management Consulting at Alpha, set to succeed hims as Chief Executive Officer with effect from 1 April 2023.
Baqué, aged 46, joined Alpha in 2010 to create the Paris Office. He became Head of Europe in 2016 and Global Head of Asset
