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German stocks exchange operator Deuctshe Börse has partnered with French firm Kaiko for the provision of crypto market data, according to a report by CoinDesk.
BitGo, a specialist in digital asset financial services, has appointed Adam Sporn as head of US institutional sales.
Sporn, who joins from State Street, where he served as Managing Director, will lead a US institutional sales team that provides clients with regulated, insured, and qualified custody, as well as financing and execution services through a single platform. Since 2020 BitGo offers trading, lending, and borrowing services through its prime brokerage services.
Sporn is a seasoned financial sales executive with over 20 years of experience in facilitating senior securities finance and prime brokerage sales. Most recently, he was a managing
Neptune Networks Ltd, a fixed-income pre-trade market utility, and Genesis Global, a low-code application development platform purpose-built for financial markets organisations, is to launch a new expanded Neptune platform developed by Genesis in early July.
The enhanced Neptune service will offer its 115 clients and dealers a new web interface and several new features including: single name CDS, support for emerging market bonds and improved market analysis, including axe skews. All prior services and functionality offered by Neptune will remain available on the new platform.
Genesis began development of the new Neptune service in January and the firms believe
Bloomberg, MarketAxess and Tradeweb Markets have announced an initiative to jointly explore the delivery of a consolidated tape for fixed income instruments in the European Union, with the intention to apply to become the consolidated tape provider (CTP) through the public procurement procedure, which the European Securities and Markets Authority, ESMA, will organise.
The companies believe that European financial markets would benefit greatly from a well-functioning fixed income consolidated tape, and industry collaboration will be essential to delivering a solution that utilises existing infrastructure to provide end users with access to reliable, high-quality MiFID II data.
The consolidated tape
Short covering may be a major contributory factor to Tuesday’s US stock market bounce, according to a report by Bloomberg.
Euronext Clearing, Euronext’s multi-asset clearing house formerly known as CC&G, has introduced a new VaR-based margin methodology on government bonds traded on MTS cash and repo platforms and BrokerTec and on MOT, EuroTLX and Hi-MTF platforms.
The introduction of the new methodology falls under the next-to-come market best practice, following state of the art risk principles and parameters. The new VaR framework is a first major step toward the European expansion of Euronext Clearing, marking an important milestone of the Euronext “Growth for Impact 2024” strategic plan.
The VaR-based margin methodology for Italian, Portuguese, Spanish, and Irish government bonds has
Digital asset investment products saw outflows totalling $39 million, according to the latest Digital Assets Weekly Fund Flows report from CoinShares. Total assets under management (AuM) are now at their lowest point since February 2021, at $36 billion, a 59% from the November 2021 peak.
Bitcoin saw inflows totalling $28 million last week and looks to be benefitting from weak prices with month-to-date inflows at $46 million.
Short-bitcoin AuM peaked to an all-time-high of $64 million at the beginning of last week but saw record outflows totalling $5.8 million suggesting negative sentiment is close to its peak.
Citi has selected METACO to develop and pilot digital asset custody capabilities. The collaboration brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly and securely.
Bybit, one of the world’s fastest growing crypto exchanges, will list the inaugural BloxVerse platform token OBX on Bybit Launchpad 2.0.
Bybit will host the initial exchange offering for OBX, which will be available on the Bybit Launchpad 2.0, a freshly revamped platform for groundbreaking blockchain projects, with the full spot listing scheduled for 30 June.
Bybit users can commit BIT to subscribe to token allocations, or participate in Launchpad 2.0’s new lottery model where users stake a nominal amount of tether (USDT) for the chance to win allocations of new tokens. Users can also buy the best performing
US quant investment firm Two Sigma Investment’s China private fund business – the Chinese equivalent of a hedge fund – is seeking to raise about RMB1.2 billion ($180 million) for its managed futures product, according to a report by Bloomberg.
The move comes on the back of an annualised 22 per cent gain for the fund, which launched two years ago and invests in commodities and financial futures, and would add significantly to the RMB3.8 billion in assets the firm has pulled in since early 2020.
The report also cites unnamed sources as revealing that Shanghai-based Two Sigma also has
