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LPA, a capital markets software and advisory firm, has enhanced its Contract Navigator solution offering through a partnership with OpenRisk Technologies (OpenRisk), a US-based specialist business solutions. The partnership will see LPA integrate OpenRisk micro-services into its new financial markets solution offering, Contract Navigator.
Contract Navigator is a modular solution for financial institutions to improve the efficiency of a broad range of financial market agreements throughout their entire life cycle. The solution offers deal transparency through a high-impact digital interface, with its ultimate objective being the discontinuation of paper documents in Capital and Debt Markets.
The OpenRisk platform complements
Pragma a specialist in multi-asset execution technology, has released a new generation of Panorama, the firm’s algorithmic management system (AMS).
Panorama 2.0 provides Pragma’s global client base with the next generation in algorithmic management, real-time transaction cost analysis (TCA), and full transparency across the life cycle of their algorithmic orders. It also provides clients with increased dynamic order performance and venue visualisations, customised alerting, and a high degree of transparency into their algorithmic execution as a result of its new and faster architecture.
For clients working in partnership with Pragma to run A/B experiments with different algo logic and configurations,
The European Energy Exchange’s (EEX) markets are to remain open despite the current situation on the German power derivatives market.
Market participants debated the price development over the past week and the significant price increase on Friday, 26 August when the power future for baseload delivery in the next year (the front year Cal 23), which is the benchmark contract for power in Europe was settled at a price of 985.00 Euro/MWh. The contract showed an intraday price upward movement of almost 200 Euro/MWh.
The Management Board of the Exchange confirmed that the prices were formed properly and that a
Coremont, an FCA-regulated financial services firm that provides complete front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Yu Xu as deputy head of product.
Yu joins with a particular focus on infusing a product-led culture within the organisation and delivering on an ambitious product roadmap to accelerate the firm’s growth trajectory.
Yu joins Coremont from Qontigo, a financial intelligence innovator and a leader in the modernisation of investment management from risk to return, where he was head of technology coordination, leading the post-merge integration effort for technology platforms and teams. Prior to that, he
Kentucky’s state pension agency has been ordered by a judge to release a suppressed report about possible fraud in its controversial hedge fund investments, according to a report by the Hearald-Leader. The judge ruled that taxpayers have right to have access to the contents of a report that cost $1.2 million.
New York law firm Calcaterra Pollack was hired by Kentucky Public Pensions Authority (KPPA) in 2020 to investigate “any improper or illegal activities” in hedge fund deals reportedly worth billions of dollars that have subsequently led to lawsuits alleging fraud.
The suits, which were filed by public employees and,
A lawsuit filed by Dan Och and other former executives of Sculptor Capital Management, has been branded as “misleading and full of falsehoods” by the New York-based hedge fund, which formerly operated as Och-Ziff Capital Management.
The suit, filed in Delaware Chancery Court on Wednesday, is seeking access to documents related to current Sculptor CEO Jimmy Levin’s compensation. But in a statement issued on Thursday, Scupltor said it presents a “a grossly distorted view of board governance at the company. We look forward to setting the record straight through the legal process.”
Och and the other form Sculptor execs are
With a group of the most popular stocks owned by the world’s largest hedge funds, again starting to underperform the broader market, another sell-off of US stocks could be on the cards, according to a team of analysts at RRBC Capital Markets.
Pelham Capital’s flagship fund, the Pelham Long/Short Master Fund, gained 11.6% in July helping to cut the record losses suffered by the firm so far in 2022, according to a report by Bloomberg.
The report cites an investor document as revealing that despite the gains, the fund is still down almost 33% up to the end of July, its worst ever performance since it started trading in 2007.
Pelham’s smaller Long/Short Small Cap Master Fund also made 10% last month, bringing its losses so far this year to 29%. another document shows.
Pelham, which was founded by former Lansdowne Partners
Huobi Global, Huobi Group’s crypto asset trading platform under the Huobi Group, has launched a new Prime membership programme aimed at heightening users’ income-generating opportunities while reducing trading transaction costs.
Unlike other competing membership programs, Prime is open to both retail traders and professional investors.
Prime consists of twelve levels – from Prime0 to Prime11. Members will qualify for discounted transaction fees that could go as low as 0.0126% for spot trading, and enjoy rebates of up to 0.01% of the total transaction amount for derivatives trading.
The launch of Prime signals an innovative move in the digital assets industry,
Cowen Digital, the digital asset division of Cowen Inc, has made a series of new appointments drawn from leading digital asset businesses to expand the firm’s Institutional sales team.
