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State Street and FactSet have formed a strategic partnership to streamline data flows across the front, middle and back-office through State Street’s Alpha Data Platform.
SIX Digital Exchange’s Web3 dedicated unit, SDX Web3 Services, has formed a strategic collaboration with Fireblocks, a digital asset and crypto technology platform, to provide financial institutions and institutional investors with a set of infrastructure services for the distributed economy.
Initially, this partnership will focus on delivering an institutional custody solution for digital assets, paving the way for a seamless transition for financial institutions into the Web3 economy.
SDX Web3 Services will integrate Fireblocks’ MPC-based solution, designed to support institutions with a multi-layer security platform to safely store and transfer digital assets without jeopardising operational efficiency, into its system. Starting
OSTTRA, a global post-trade solutions company, has announced connectivity between two of its post-trade services – MarkitWire, an, electronic trade confirmation and processing platform and triResolve, a specialist in portfolio reconciliation, collateral management and reporting reconciliation.
Through this enhancement, trades confirmed by MarkitWire can be seamlessly delivered directly into triResolve, across a common network of more than 2,000 firms. This will drive standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties.
The direct connectivity is live with nine existing customers, covering interest rate derivatives and equity derivatives. It will also include repo transactions
Diversified financial services group, Ocorian, is targeting growth in the €3.88 trillion Irish funds market after being granted three new licences by the Central Bank of Ireland, making it one of just a few non-bank providers based in Ireland able to offer a full range of services for a wider range of clients.
Linedata, a global provider of asset management and credit technology data and services, has enhanced its cloud-based Asset Management Platform (AMP), further enabling intelligent automation of trading workflows.
This includes a new best execution trading solution within AMP, through collaboration with BTON Financial. The solution – Smart Broker Router – is now available worldwide to asset managers, who will benefit from automated trading workflows and data-driven decision making, thus improving trading outcomes.
Linedata’s cloud-based trading solutions enable investment managers to enjoy benefits of outsourcing such as intelligent automation, while retaining complete control over broker and execution relationships.
Linedata’s
Voyager Digital Ltd (Voyager), the cryptocurrency platform owed more than $650 million by troubled crypto hedge fund Three Arrows Capital (3AC) has commenced a voluntary Chapter 11 process to maximise value for all stakeholders.
As part of this process, the company and its main operating subsidiaries filed voluntary petitions for reorganisation under Chapter 11 in the US Bankruptcy Court of the Southern District of New York. The Company intends to seek recognition of the Chapter 11 case of Voyager in the Ontario Superior Court of Justice (Commercial List) pursuant to the Companies’ Creditors Arrangement Act.
Under the proposed Plan, which
Singapore-based cVauld has become the latest crypto lending and trading platform to suspend withdrawals and trading in the wake of the cryptocurrency market crisis, according to a report by DealStreetAsia.
Calamos Investments, a global investment management firm, has appointed Jessica Fernandez as chief marketing officer (CMO).
Fernandez joins Calamos from Invesco Ltd, where she led retail and institutional marketing and strategy for North America.
Founded in 1977, Calamos is an active investment manager that specialises in strategies designed to help investors manage market risk and volatility. The firm pioneered investing in convertible securities and liquid alternatives. Earlier this year, Calamos was recognised as Best Overall Small Fund Family for 2022 by Refinitiv Lipper.
Fernandez has particular expertise in strategic marketing and execution across various marketing functions, investment disciplines and business
Emerging managers are in a buoyant mood looking ahead to the rest of 2022 – despite renewed market volatility and economic uncertainty underpinned by the war in Ukraine and rising inflation.
The alternative investment industry has witnessed the resurgence of global macro strategies and CTAs off the back of rising inflation – in the first quarter alone, CTAs generated performance-based gains of $27.8 billion, attracting $3.3 billion in net new capital, according to data from HFR. But with the current trajectory far from guaranteed, investors are advised to maintain a diversified portfolio in the hope of lessening the impact of future shocks.
