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Derivatives market place CME Group achieved quarterly international average daily volume (ADV) of 7.3 million contracts in Q1 2022, up 18 per cent year on year.
Reflecting all trading reported from outside the United States, this volume was driven largely by growth in Equity Index products, up 31 per cent, and Interest Rate products, up 19 per cent.
In Q1 2022, Europe, Middle East and Africa ADV hit 5.1 million contracts, up 17 per cent from Q1 2021. This was driven by a strong performance in Equity Index products and Agricultural products in the region, up 29 per cent and
Appital has integrated with FactSet’s Enterprise Execution Management System (EMS), giving clients access to Appital’s bookbuilding platform.
The integration of Appital’s bookbuilding platform in FactSet’s Portware Enterprise EMS automates what has traditionally been a highly manual process, while at the same time giving buyside traders the ability to place very large orders or participate in unique liquidity opportunities.
FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, has a strong history of innovation, and its multi-asset class Portware Enterprise EMS helps the world’s largest asset managers and hedge funds navigate the challenges of complexity and scale
Alternative investment platform CAIS has secured a USD100 million investment from Reverence Capital Partners.
The raise is a continuation of the company’s USD225 million round in January, led by Apollo, Motive Partners, and Franklin Templeton which resulted in CAIS’ enterprise valuation exceeding USD1 billion.
Milton Berlinski, Managing Partner at Reverence Capital Partners, also joins CAIS’ Board of Directors, effective immediately.
The new investment accelerates CAIS’s mission to modernise how independent financial advisors learn about and gain access to alternative investments.
SteelEye, a compliance technology and data analytics firm, has launched a new Order Book Replay service, which is designed to facilitate more precise and rigorous market abuse surveillance.
The tool enables organisations to playback a trading session and more thoroughly analyse market movements, allowing compliance teams to play, pause, rewind, fast forward, slow down and speed up order book activity to gain a full understanding of what has taken place – visually showcasing the overall balance of the book against market price levels and spreads.
The solution also highlights where trading activity might be indicative of market abuse behaviours like
Hedge funds risk being caught in Phase 6 of the Uncleared Margin Rules (UMR) without adequate preparation owing to continued uncertainty over whether they are in scope, according to a report from Acuiti.
In the face of a “perfect storm” of increased margin requirements, funds are also being impacted by market volatility, which is forcing them to meet collateral demands through negative steps, such as holding back cash or assets or reducing margin-intensive strategies, that reduce fund performance.
The report, Margin Management for Hedge Funds: An Increasingly Complex Calculation, was commissioned by Cassini Systems, and based on a survey
The European Digital Assets Exchange – EDSX – has completed the compliance procedure to provide a secondary market for security tokens for institutional and retail investors and plans to open it in Q3 2022.
EDSX, founded back in 2019 and based in Zug, has gone through a long compliance procedure, almost two years and a half, to be able to provide today one of the first platform in Europe to trade and exchange security tokens.
EDSX has created a demo of secondary market and made it available on its platform. The launch could help the security token issuing and asset
CoinSmart Financial (CoinSmart), one of Canada’s leading crypto asset trading platforms, has made a strategic investment in NFT cross-bridge marketplace, Curate.
The partnership agreement includes an undisclosed investment from CoinSmart in Curate’s NFT Marketplace, with an option to acquire a majority stake in the company later this year. CoinSmart expects to complete the first tranche of this investment around 30 April, 2022.
Curate is the world’s first blockchain agnostic, gasless, NFT marketplace that serves as a multichain bridge between major chains such as ethereum (ETH), solana (SOL), binance smart chain (BNB), algorand (ALGO), elrond (EGLD), and avalanche (AVAX).
The partnership
As hedge fund assets rise and performance rebounds, prime brokers can be a critical part of the industry’s growth.
The hedge fund industry is on the up. Following several years of patchy manager performances, a number of high-profile closures, and sustained investor reluctance to continue coughing up hefty fees
in exchange for often-lukewarm returns, the sector is enjoying something of a renaissance. In 2021 hedge funds generated their third biggest annual gain since the Global Financial Crisis, while global industry
assets under management swelled to record volumes last year – in the neighbourhood of more than USD4 trillion in total.
SEI Novus, an investor data and analytics solution, has released its monthly pan-European short position data for March, revealing a increase in significant increase in activity.
The SBAI, an active alliance of institutional investors and alternative asset managers, has launched a Global Regulatory Committee.
The Committee brings together leading institutional investors, asset managers and investment consultants to enhance and support the SBAI’s dialogue with regulators around the world. Chris Bowlin, Sr Compliance Counsel, Teacher Retirement System of Texas has been appointed Chair of the Committee, and Stephen Berger, Managing Director, Citadel, has been appointed Deputy Chair.
The SBAI Regulatory Committee will start work immediately and help formulate the SBAI’s responses to the US SEC’s recent requests for public comments on its Proposals for Private Funds, Securities
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