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Spectrum Markets, a pan-European trading venue for securitised derivatives, has widened its product offering to include cryptocurrencies as an underlying, with turbo warrants on bitcoin and ether now available.
The new products expand Spectrum’s existing suite of Turbo24s and allow brokers to offer their clients long or short leveraged exposure to the price of the two most popular cryptocurrencies.
BennBridge has appointed Robert McKillop as chief executive officer for UK and Europe, effective 4 May.
McKillop has almost 30 years of experience in asset management leadership across investment, distribution and product functions, spanning geographic regions and client channels. He has a diverse skillset and a proven history of building high performance teams, driving business growth and client-focused innovation. Based in London, McKillop will report to the global CEO of the BFM Group, Craig Bingham. The BFM Group operates as BennBridge in the UK and US, and Bennelong Funds Management in Australia.
The US Securities and Exchange Commission (SEC) has allocated 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats.
The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions.
Since its creation in 2017, the unit has brought more than 80 enforcement actions related to fraudulent and unregistered crypto asset offerings and platforms, resulting in monetary relief totalling more than $2 billion. The expanded Crypto Assets and Cyber Unit will leverage the agency’s expertise to ensure investors are
Brooklands a specialist in operational and regulatory compliance, has extended its services to provide a robust AML Infrastructure.
The new offering includes an Anti-Money Laundering Compliance Officer and an Anti-Money Laundering and Counter Terrorist Financing Manual, Policies and Procedures.
The Association for Digital Asset Markets (ADAM) has appointed Eventus Director of Regulatory Affairs, Digital Assets and former Central Intelligence Agency (CIA) officer Mike Castiglione as Chair of its new National Security Working Group.
ADAM created the working group to serve as a bridge between the public and private sectors by acting as a go-to resource for the executive and legislative branches to interface with industry experts on blockchain national security issues.
The ADAM Board of Directors approved Castiglione’s selection based on his broad national security experience and Eventus’ industry-leading technology in trade surveillance, risk monitoring and transaction monitoring
Online Blockchain, the administrator, co-ordinator and adviser to Umbria Network, has reported ‘excellent progress’ with the platform’s cross-chain asset bridge ‘Narni’.
Since its beta launch on 16 August, 2021, Narni has quickly expanded its scope from an Ethereum to Polygon bidirectional bridge – supporting the transfer of $ETH, $USDC, $USDT, $MATIC, $WBTC, $GHST and Umbria’s native token $UMBR – to a multichain bridge, which also includes the Avalanche, Fantom, Binance Smart Chain (BNB) and Arbitrum networks. Transaction volume has consistently risen on Narni with average transactions per day now totalling 600, and transaction values ranging anywhere between $3 and $50,000.
Elliott Investment Management, an activist investor with four decades of experience in ‘encouraging’ board-level change at blue chip companies, has set its sights on Suncor, one of Canada’s largest energy companies, according to a report by The Globe and Mail.
As financial markets have rapidly digitised over the past decade, and the availability and pace of the information exchange has accelerated, the traditional barriers between human- and machine-based strategies are steadily being eroded.
Traditional discretionary hedge funds that utilise the portfolio-building skills and investment instincts of star traders and portfolio managers have often stood in sharp contrast to the tech-heavy, computer-based quant strategies built around algorithms, data and machine learning applications.
Now, though, a cursory glance across today’s industry landscape suggests more and more discretionary ‘human-first’ hedge funds are employing technology and data to both streamline and strengthen their front-
The Future Fund, Australia’s sovereign wealth fund, is tackling what its chairman has described a “challenging and volatile’ period by allocating a further AUD2 billion to hedge fund strategies while shifting AUD4 billion of its portfolio out of cash, according to a report by Financial review.
In a quarterly update, Chairman Peter Costello revealed that the fund saw a 1.4 per cent decline in assets during the first three months of 2022 as interest rates increased and Russia;’s invasion of neighbouring Ukraine panicked markets. The fund has also moved to close all of its positions in Russian listed stocks but
Tempus Network, a wholly owned subsidiary of Burkhan World Investments (Burkhan), has agreed terms to lead an institutional investment round into GMEX Group Limited (GMEX), a specialist in digital business and technology solutions for capital markets players, exchanges and post-trade market infrastructure.
