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Turnover in investment and leverage products on reporting European financial markets was up 14% quarter on quarter and 4% year on year in the first quarter of 2022, bringing the total to EUR45 billion, according to data sourced by the European Structured Investment Products Association (EUSIPA) from its members and analysed by Avaloq Evolution AG.
The members of EUSIPA who provide the figures for the market report include Zertifikate Forum Austria (ZFA), the Belgian Structured Investment Products Association (BELSIPA), Association Française des Produits Dérivés de Bourse (AFPDB), Deutscher Derivate Verband (DDV), Associazione Italiana Certificati e Prodotti di Investimento (ACEPI), the
Hedge fund billionaire John Paulson has been named as the new chairman at Bausch, according to a report by Bloomberg.
Paulson replaces Jospeh Papa who resigned earlier this week. His decision to leave is reported to have no connection to “any dispute or disagreement”
Paulson, the company’s second-largest shareholder, has taken on the position with immediate effect.
Bausch Health is a pharmaceutical and device company with a focus on eye care, gastroenterology and dermatology products.
Bridgewater Associates, the world’s biggest hedge fund, has almost doubled its short bets against European stocks in the past week, according to a report by Bloomberg.
The firm, which was founded by Ray Dalio, now holds $10.5 billion in short positions including individual bets of over $50 million against several firms including ASML Holding NV, TotalEnergies SE, Sanofi and SAP SE.
All 28 of the companies shorted by Bridgewater are included in the Euro Stoxx 50 index.
Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has launched the Spotlight Dealer Diversity Program, designed to promote diverse dealers on the Tradeweb platform.
Developed collaboratively over the past year with feedback from members of the buy-side and dealer communities, the Spotlight Program supports the advancement of Tradeweb’s diverse dealer community through a combination of individual dealer profiles, direct consultation and other promotion programs designed to bring more visibility to diverse dealers operating in electronic markets.
In addition, Tradeweb has enhanced its request-for-quote (RFQ) trading workflow to more prominently expose diverse dealer liquidity
RealBlocks, an alternative investments platform that enables global distribution capabilities for fund managers, has appointed Ashish Mittal as chief technology officer.
Mittal joins RealBlocks with more than 20 years of experience working as a fintech engineer and a leader in technology within the financial services industry. Most recently, he was at American Century Investments where he was responsible for investments management, operations and compliance technology.
Mittal will be focused on technology and product engineering for the RealBlocks alternative investment management platform. He will help oversee the design, development and engineering of the RealBlocks platform, which incorporates leading technologies like blockchain,
Ken Griffin is relocating his $51 billion hedge fund Citadel from Chicago to Miami having voice concerns over rising crime rates in the Windy City, according to a report by The Financial Times.
The FT cites an email sent to employees by the firm’s billionaire founder which describes Miami as a “growing metropolis that embodies the American dream”. Griffin recently moved there with his family and now his hedge fund and market-making firm Citadel Securities are to follow suit in what will be a multi-year transition.
The FT says that while Griffin’s email did not explicitly blame crime as the
Aaro Capital, a DLT and cryptoassets investment specialist, has made three senior hires in its London office.
TS Imagine, a specialist in trading, portfolio and risk management solutions for capital markets, has successfully connected with Coinbase Prime, a prime broker for digital assets, to offer institutional clients a fully regulated path to trade cryptocurrencies.
Horizon Software trading platform is now supporting AMC (Actively Managed Certificates).
Horizon is enhancing its capabilities to enable clients to manage the whole AMC trading lifecycle, including: AMC Product Definition, including ability to handle live updates
Cross-asset instruments – equities & derivatives, FX, FI, Commos & Cryptos; AMC Pricing, leveraging our Basket Pricer
AMC Quoting, based on our market making automaton; AMC Hedging and Rebalancing, thanks to our OMS, hedging engine and market standard FIX Engine; and business logic customisation, with its flagship Algo Framework.
The new AMC platform is designed with a combination of our proven software components currently
Linedata, a global provider of asset management and credit technology data and services, Linedata Accumen, a suite of new web-based portfolio management features powered by Linedata’s Asset Management Platform (AMP).
Acumen has been built to work seamlessly alongside Linedata Longview Trade Order Management System (OMS). With Linedata Accumen, asset managers can now quickly monitor, organise and manage their growing portfolio from any location or device.
As asset managers are under increased pressure to grow their book of business, they often struggle with the challenges that come with managing a larger number of portfolios, such as inefficient individual reviews and
