Latest News
Jewel Bank, a banking platform for the digital asset economy, has received approval from the Bermuda Monetary Authority (BMA) for its combined full bank license and digital asset business (DABA) license.
Jewel Bank is Bermuda’s first new bank in over twenty years and first digital asset bank. Jewel’s services address the core banking, payments, and settlement needs of many of the world’s largest global digital asset firms and exchanges, via API or web. As a full license Bermudian bank, Jewel Bank will service digital asset firms (B2B) around the world in any non-sanctioned jurisdiction, as well as the US.
Umbria Network has joined the Polygon Ecosystem DAO’s “Polygon Village,” an initiative designed to assist developers in growing their projects.
Following an initial development grant from Polygon in early 2021, the latest collaboration will see Polygon Village bolstering Umbria’s marketing efforts to take the project to the next level. With the protocol’s Narni bridge having cemented its position as one of the the fastest, cheapest liquidity bridges between the Ethereum and Polygon networks, Umbria’s next focus is promoting its Bridge Widget V2 to large-scale projects built on Polygon such as QuickSwap.
Integration of the widget provides a partner project’s
US trading firm Jane Street Global Trading has launched a USD13.5 million lawsuit against the London Metals Exchange (LME) following the cancellation of Nickel trades in March, according to a report by The Financial Times.
Crypto hedge fund BKCoin Capital (BKCoin) has made three senior appointments: Paul Magahis, as president, Adriano Caloiaro, as chief technology officer, and Leanna Haakons, as director of business development & investor relations.
The appointments come as BKCoin’s founding principals, Carlos Betancourt and Kevin Kang, continue to scale BKCoin following strong institutional demand for quantitative crypto investment solutions.
Magahis will oversee BKCoin’s corporate strategy, development, and operations, and will be a key member of the investment committee.
Caloiaro will build and maintain BKCoin’s computation and strategy execution platform, while also setting and implementing the vision for the future of
Windward Management LP, a Miami-based hedge fund management firm, has launched its operations with SS&C Technologies’ front-to-back office solution.
SS&C will provide fund administration, order and execution management, investor relations, compliance and regulatory services.
Windward Management LP, run by Marc Chalfin (CIO), uses a deep, fundamental, value with a catalyst approach, making concentrated long and short equity investments where there are significantly skewed and asymmetric risks/rewards. In addition, SS&C will support fund and investor accounting, FATCA and CRS compliance and Form 13-F filings.
Ocorian, a specialist in corporate and fiduciary services, fund administration and capital markets, has appointed Don Ross as global head, investor services as it continues the transformation of its technology-led fund services business.
Acadia, a provider of integrated risk management services for the derivatives community, has appointed Stuart Smith and William (Will) Thomey as co-heads of business development.
In these newly created roles, Smith will oversee business development for Acadia’s risk and data products, while Thomey will assume equivalent responsibility in the areas of workflow and agreement management.
Both positions report to Fred Dassori, Acadia’s chief product officer.
Trading Technologies International (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and Talos, a provider of institutional digital asset trading technology, have partnered to substantially and rapidly broaden TT’s cryptocurrency offering on a global basis by leveraging the Talos infrastructure and market connectivity from directly within the TT platform.
The agreement represents the first major strategic partnership propelling TT’s expansion into multiple asset classes, including cryptocurrencies, and provides a significant opportunity for TT’s global customer base to access Talos’ extensive, market-leading cryptocurrency trading solutions.
Announced at the International Derivatives Expo (IDX) in London, the first
ED&F Man Capital Markets’ OptionsLive, a trading application for Chicago Mercantile Exchange (CME) Interest Rate Options, has released Secured Overnight Financing Rate (SOFR) Options Trading algos and analytics for institutional clients including, banks, hedge funds, FCM’s and asset managers.
The addition means OptionsLive is one of the first movers in the industry to provide algos and analytics around SOFR Options Trading as the market transitions away from US dollar LIBOR-linked futures and options, before they are phased out in mid-2023.
OptionsLive gives traders and brokers the entire suite of CME Interest Rate Futures, including Treasuries, Eurodollars and now SOFR,
Dan Sundheim’s D1 Capital Partners, a hybrid hedge fund that bets on both public and private companies is down 22.5% so far in 2022, according to a report by Bloomberg.
The fund’s biggest share class, which invests half of its assets in equities and the rest in startups, lost 4% last month, with its portfolio of stocks falling 13%.
According to unnamed sources quoted in the report, D1’s public market portfolio has fallen 44% so far this year, while its book of closely-held companies is down by 8%,
