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Aquis Exchange (AQXE), the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC, is to assume the business activities of UBS MTF, the non-displayed matching pool of UBS MTF Limited (a subsidiary of UBS AG), subject to regulatory approval and completion.
From a Member perspective, the shift in ownership is planned to be seamless with no disruption to the service as there will be no immediate regulatory or technical changes necessary. Clients, including UBS, will continue to benefit from an efficient, cost-effective marketplace with significant liquidity.
Once the transfer is complete, the venue will be known as
Kirkoswald Asset Management, the hedge fund firm run by Greg Coffey redeemed a investments made by a number of Russian investors before Russia’s invasion o Ukraine, according to a report by Bloomberg.
In a note to investors on them day before Russia launches its attack, Coffey told investors that, with sanctions looming, a small number of redemptions had been made “as a precaution to reduce the potential impact” to the GBP4 billion macro fund has its investors.
Hedge funds making big cuts to their bullish bets on oil have contributed to huge swings in the market, according to a report by Bloomberg.
Speculators betting on West Texas Intermediate, diesel and gasoline futures have all been closing out their long positions, with Brent in particular seeing the largest reduction in outright bullish bets since 2018, according to the report.
Trading Technologies International (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and KRM22 plc (AIM: KRM), the technology and software investment company that focuses on risk management for capital markets, have revealed the first two KRM22 risk offerings that Trading Technologies is integrating into the TT platform.
The companies made the announcement at the start of the 2022 International Futures Industry Conference in Boca Raton, Florida.
In the second quarter, TT will launch KRM22 Limits Manager, a limit management system designed by KRM22 to combat time-consuming and potentially error-prone pre-trade risk processes by automating, maintaining
BidFX, an execution management system designed for the daily FX market, has integrated with Finastra’s Fusion Confirmation Matching Service (CMS).
This ensures capabilities right through from execution to settlement for mutual clients.
State Street Digital, State Street Corporation’s dedicated digital division, has added three veteran digital executives to its leadership team.
Katie Richards joins as global head of operations and Marcus Grubb as global head of product. Both report to Nadine Chakar, head of State Street Digital. Additionally, State Street announced that Derren Selvarajah has joined as Product PMO lead for the Product Strategy team. Selvarajah reports to Grubb.
Richards, based in Zurich, will be responsible for driving the execution of State Street Digital’s strategy and developing sustainable and scalable operational solutions.
Selvarajah, based in London, is joining as the Product PMO
The hedge fund industry gave up a bit of ground in February, falling back -1.00 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
Apex Group has expanded its digital assets capabilities with the acquisition of a majority stake in Fund Admin Chain (FAC), a distributed ledger-based network for launching, distributing, trading and settling collective investment funds.
FAC is designed to connect fund investors, fund managers and their service providers in a digital distributed ecosystem. In addition to simplifying and streamlining the investment funds’ value-chain, FAC delivers additional revenue opportunities for funds industry participants.
FAC is a pioneer in the application of new technologies to the funds industry and Apex’s position as majority shareholder will accelerate the adoption of these technologies and set
Macquarie Asset Management, the asset management division of Macquarie Group, has completed its acquisition of Central Park Group, an independent investment advisory firm that specialises in institutional-quality alternative investment strategies for high-net-worth investors.
Central Park Group is a pioneer in providing financial advisors and their clients access to top private equity, hedge fund, and real estate talent and strategies in structures specifically designed to meet the needs of high-net-worth and smaller institutional investors.
Central Park Group will form the cornerstone of Macquarie’s efforts to serve US high-net-worth investor demand for alternative investments.
Some of Brazil’s highest profile independent hedge funds have gurned to gold to protect their portfolios from the market turmoil caused by Russia’s invasion of Ukraine, according to a report by Bloomberg.
