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Barclays has acquired a stake in crypto custody and prime broking firm Copper, according to a report by AltFi. The report cites Sky News as revealing that the investment is expected to be completed within the coming days.
Established in 2018 by Dmitry Tokarev, Copper, which counts former UK Chancellor Philip Hammond among its advisers, provides storage and crypto purchasing services es for institutional investors.
The deal is Barclays’s second investment a crypto firm this year following a co-investment with Goldman Sachs in crypto trading platform and technology provider Elwood Technologies, which was founded by British hedge fund billionaire Alan
Stouff Capital has delayed the launch of a planned global macro crypto hedge fund due to ongoing turmoil in the digital assets markets, according to a report by CityWire.
Hedge funds and other money managers bought the equivalent of 31 million barrels of in the top six petroleum futures and options contracts in the week ending 129 July, according to a report by Reuters.
Digital asset investment products saw inflows totalling $30 million last week, while late reporting of trades from the prior week saw inflows corrected from $12 million to $343 million, marking the largest single week of inflows since November 2021.
That’s according to the latest Digital Asset Fund Flows Weekly Report from CoinShares which also reveals that bitcoin saw inflows totalling $19 million last week with the prior week inflows corrected to $206 million, the largest single week inflows since May 2022.
Ethereum meanwhile, saw inflows totalling $8 million, while the corrected prior week data saw inflows totalling $120 million. These
Sell-side risk management is in need of an overhaul that consolidates systems and incorporates the increased importance of margin into risk calculations. That’s the central finding from a recent Acuity study, conducted in partnership with Sterling Trading Tech.
The survey of 55 banks and broker-dealers across the world, shows that fragmented legacy risk systems are hampering firms’ ability to respond to increased volatility across global markets.
The uncertainty of market movements this year, as well as the fallout from the Archegos blow-up, has thrown the issue of counterparty risk and monitoring margin into sharp relief.
The findings show that not
Tradeteq, a World Economic Forum member, has selected the XDC Network to launch TRADA Tokens, the first ever fully regulated, trade finance-backed fungible security tokens.
Apex Group Ltd (Apex), a global financial services provider, has been appointed to provide corporate, administrative and trustee services to the Luxembourg platform EQONEX Limited, a digital assets financial services company.
Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, has appointed Gene Lohmeyer, CFA, as US Not-for-Profit (NFP) chief investment officer.
CLS, a financial markets infrastructure (FMI) delivering settlement, processing and data solutions across the global FX ecosystem, has witnessed continued growth in settled values of cross currency swaps submitted to CLSSettlement, with a 27% year-on-year increase (Q2 2022).
Cross currency swaps exhibit significant settlement risk exposure due to the high value of the initial and final principal exchanges. By using CLSSettlement, participants can mitigate the settlement risk associated with these transactions. Furthermore, as cross currency swap flows are multilaterally netted against other FX transactions within CLSSettlement, users also benefit from a significant reduction in daily funding requirements.
The increase
Tesla, may be the most shorted stock in the world, but investors betting against the electric vehicle (EV) manufacturer lost $1 billion last week and could be facing a ‘short squeeze hell”, according to a report by Business Insider.
