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GCEX, an FCA regulated digital brokerage that enables brokers, funds and professional traders to access deep liquidity in digital assets and FX, has virtually doubled its crypto offering, with the addition of 18 new tokens.
The new products include The Sandbox (SAND), Decentraland (MANA), Binance USD (BUSD), Dai (DAI) and FTX (FTT). They have all been introduced in response to client demand, bringing the total number of coins and tokens available from GCEX to 41.
Activist hedge fund Elliott Management is actively seeking deals in the US oil and gas sector, according to a report by Bloomberg.
In a somewhat contrarian strategy, the fund, founded and co-led by billionaire investor Paul Singer, is said to have written to energy bankers in January in search of opportunities to acquire US oil and gas acreage.
The report cites an unnamed source as saying that Elliott wants to provide capital to management teams involved in the acquisition and development of land for oil and gas production.
Bosonic, a decentralised Financial Market Infrastructure (dFMI) business has launched Bosonic Enterprise Solutions, a best-in-class clearing and settlement capability for digital assets that removes the dependency on bilateral credit or a central counterparty.
Bosonic Enterprise Solutions provides Bosonic’s Layer-2 blockchain solution designed to support payment versus payment (PvP) instantaneous clearing and settlement of digital assets and fiat currencies that already underpins the Bosonic Network.
The capability has been launched to meet the growing demand from a range of clients. These include regulated financial market infrastructure organisations and banks looking to launch digital asset capabilities, as well as newly-formed digital
BitMEX Spot, BitMEX’s new trading platform to buy and sell crypto, reached $24 million 24-hour trade volume on 25 May – the highest after going live 10 days ago.
The total represented a daily increase over the previous day of approximately 100%.
BitMEX’s daily signup and first time deposits have also jumped five times since BitMEX Spot’s official rollout on 17 May, with the Average Daily Value (ADV) reaching over three million traded in the first week. The progress marks a momentous and encouraging step for the company in its aim to continue to offer users an expanding crypto ecosystem that
Bitfinex Securities Ltd, the tokenised securities trading platform of Bitfinex, has appointed Jesse Knutson as head of operations.
London-based Nickel Digital Asset Management (Nickel), a regulated crypto hedge fund manager, has outperformed the S&P500 since January 2020, despite the initial strong performance of equities during the Covid period.
Investment management platform-as-a-service Quay Partners Investments (Quay) has added Joe Vittoria and Sarah Donnelly to its team to provide a new regulatory hosting service.
The independent, standalone solution for new clients will operate under the trading name of Vittoria and Partners (V&P) and will support the compliance and risk oversight that current clients experience and provide scale to further grow the regulatory hosting business, including clients who solely require regulatory services.
This partnership is structured to ensure long-term client relationships are maintained and strengthened while allowing for strategic evolution as the two parties become more familiar with each other.
Quay
The Securities and Exchange Commission has announced fraud charges against Detroit-based EIA All Weather Alpha Fund I Partners LLC (EIA) and its sole owner, Andrew M Middlebrooks, for allegedly engaging in a multi-year scheme that included the misappropriation and misuse of investors’ funds.
To halt this alleged ongoing fraud, the SEC sought, and on 19 May, 2022 obtained, emergency relief from the US District Court in the Eastern District of Michigan, including a temporary restraining order against EIA and Middlebrooks and an asset freeze against the defendants and named relief defendants.
According to the SEC’s complaint, from at least mid-2017
Another member of Blackstone’s hedge fund solutions group is leaving the firm in the wake of a change in leadership, according to a report by Bloomberg.
The latest MD to depart is Michael Pierog, head of Blackstone Alternative Asset Management’s hedge fund seeding business, whose joined the firm in 2013 from Barclays Plc after having previously worked at Davidson Kempner Capital Management.
Blackstone spokesperson Paula Chirhart confirmed in a statement that managing director Brian Snider will be promoted to succeed Pierog.
Enfusion, a provider of cloud-native SaaS solutions for investment managers, released more than 100 enhancements and new features for its Order and Execution Management System (OEMS) in Q1 2022.
Asset managers globally are faced with fee compression, market volatility, and the need to diversify their suite of investment product offerings to meet client demand. Many are launching new investment products, often multi-asset, where the focus is outside of their core strategies.
As they make this shift, like their hedge fund counterparts, new technologies including SaaS-based Order and Execution Management (OEMS) Systems have gained traction. As reported in Enfusion’s Q1 2022
