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Invast Global has selected oneZero, a specialist in multi-asset enterprise trading technology solutions, for its core trading technology needs across the firm’s global institutional business replacing several incumbent systems.
As a multi-asset provider of prime services to brokers, hedge funds, proprietary trading firms and banks, Invast Global offers trading solutions for a wide variety of institutional market participants and sophisticated financial services clients. The oneZero solution now handles the complexities of an institutional business that delivers services via servers in London, New York and Tokyo, while adding reporting sophistication that helps to set their trading and hedging strategies for competitive
BNP Paribas Asset Management (BNPP AM) has appointed Mark Richards as Head of Flexible & Absolute Return within its Multi-Asset, Quantitative & Solutions (MAQS) investment division. Richards is based in London and reports to Maya Bhandari, Global Head of Multi-Asset.
In his new role, Richards will be responsible for the performance of BNPP AM’s flexible and absolute return funds and ensuring the alignment of portfolios with the views of the Investment Committee. He will also work closely with the other teams within MAQS to exchange investment ideas, as well as contributing to the development of the broader MAQS product range
BEQUANT, an institutional Prime Broker and Exchange, has joined the Bosonic Network, a decentralised Financial Market Infrastructure (dFMI) business, providing Bosonic’s growing institutional client base with additional liquidity in a range of digital assets.
The Bosonic Network connects institutional clients to the best institutional-grade digital asset custodians and liquidity partners, delivering secure access to the digital assets markets, with a market-leading layer-2 blockchain for payment versus payment (PvP) settlement which eliminates counterparty credit and settlement risk.
BEQUANT, a digital asset prime brokerage and exchange, specialises in offering institutional client-focused solutions, all enhanced by an institutional trading platform that provides
Acuity Trading has launched a newt online trading tool and broker offering, AssetIQ, a centralised multi-asset research experience, bringing together fundamental, technical, sentiment and alternative data viewpoints in a bid to deliver a deeper understanding of what is driving individual asset performance.
AssetIQ goes beyond data visualisation by utilising Acuity’s AI technology to analyse these multiple, disparate data sets to deliver a single and concise Opportunity Score for every asset. Each Opportunity Score is ranked against other assets in the same group or class so traders can understand the strength of the opportunities presented.
This multi-indicator is aimed at
Industrials stocks topped the ‘most-shorted’ rankings in August, ending the month accounting for 22.98% of total short activity in Europe, having reached their highest level in two years on 18 August at 26.57%, according to latest monthly pan-European short position data from SEI Novus.
Investors have been shaken out of their collective comfort zone and forced to look for alternative sources of yield as the conventional 60/40 portfolio model is challenged and market returns in traditional asset classes dwindle. Opportunity persists in the volatility, macro and CTA spaces but investors can expect to begin paying more for pure alpha.
Man Group has appointed Rob Leach as Global Head of Capital Markets and portfolio manager at Man GLG, a new role for the firm. Leach joins the firm from Jefferies where he was Head of EMEA Equity Capital Markets.
New York-based hedge fund Perceptive Advisors, has agreed to pay a $1.5 million penalty to settle SEC charges that it failed to disclose conflicts of interest regarding certain special acquisition Companies (SPACs).
According to the SEC, in 2020, Perceptive advised its clients to invest in a series of SPACs that were sponsored by a private fund that Perceptive advised without disclosing the connection.
As well as a the monetary penalty, Perceptive has agreed to a cease-and-desist order and a censure to the settle the charges, without admitting or denying the SEC’s findings.
According to the SEC’s order Perceptive, which was
Digital asset investment products saw minor inflows totalling $9.2 million, according to the latest Weekly Fund Flows Report from CoinShares, although the predominant inflow was into short investment products.
Bitcoin saw outflows totalling $11 million, representing the fourth consecutive week of outflows, at a total of $70 million.
Short-Bitcoin investment products meanwhile, saw a record $18 million in inflows last week bringing total AuM to a record $158 million.
Altcoins saw minor inflows, notably from Solana and Avalanche which each saw inflows totalling $0.5 million.
The Commodity Futures Trading Commission has issued an order filing and settling charges against Natixis, requiting the global bank and swap dealer to pay a $2.8 million penalty for failure to diligently supervise traders on the bank’s New York-based Interest Rate Derivatives Desk (IRD Desk) and its Equity Derivatives Flow and Solution Trading Desk (FAST Desk).
The traders on the IRD Desk and FAST Desk separately engaged in misconduct by mismarking their positions for the purpose of either inflating profits and minimising losses, or to “smooth” out returns, respectively.
As well as the penalty, Natixis is required to cease and
