Latest News
TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has launched its new Secured Overnight Financing Rate (SOFR) Indicative Rate Service.
Tradition will combine market leading general collateral (GC) repo trade and volume data sourced from its number one interdealer brokerage desk, alongside anonymised tri-party repo trade and volume data from BNY Mellon.
The service takes the incoming data from both providers and uses a proprietary methodology to produce a volume-weighted median repo rate throughout the day which is intended to inform market participants’ assessment of where SOFR will fix the following day.
Scott Fitzpatrick,
Broadridge Financial Solutions has acquired Alpha Omega, a market-leading FIX-based post-trade solutions provider for the investment management industry. This acquisition builds on Broadridge’s recent acquisition of Itiviti.
Following HM Revenue & Customs’ (HMRC) recently published manual on cryptoassets, Stephen Kenny from Blick Rothenberg’s Financial Services team provides guidance on what they are, how they’re used and how they’re treated for tax purposes.
Pension funds and institutional investors are set to increase their allocations to computer-based hedge funds over the next 12 months, with FX and equities-focused strategies tipped to see the biggest rise, according to new industry research by fintech and quantitative analysis platform SIGTech.
SIGTech’s ‘Hedge Fund Research Report 2021’ polled 100 leading hedge fund managers across the US, the UK and Asia in June, collectively managing more than USD231 billion in assets.
The study found that 80 per cent of those hedge fund managers polled expect institutional investors to up their allocations to quantitative strategies this year, with some 51
Bitfinex Derivatives, a derivatives platform accessible through the Bitfinex digital token trading platform, has launched a perpetual contract for solana (SOLF0:USTF0).
Solana (SOLF0:USTF0) will go live on 02/08/21 at 10:00 AM UTC. The contract offers users up to 100x leverage and will be settled in tether tokens (USDt).
“We’re delighted to announce the addition of Solana to the growing portfolio of perpetual swaps available to trade on the exchange,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”
Bitfinex Derivatives platform and
AirCarbon Exchange (ACX), a fully digital exchange for voluntary carbon credits with real-time trading and settlement, has executed transactions representing 3,603,284 metric tons of carbon dioxide equivalent (tCO2e) during the first six months of 2021.
Most of the trading on the exchange has been on the CET (CORSIA Eligible Token) contract, making it one of the world’s most traded carbon contracts. Open interest on the exchange continues to increase, from 854,366 tCO2e as at 30 June, 2021 to 1,115,266 tCO2e currently.
ACX has solidified its international reach by attracting over 130 clients across 29 countries. In the second half
Appital has partnered with pan-European MTF Turquoise, which is majority owned by London Stock Exchange Group in partnership with the user community, to unlock latent liquidity opportunities and bring further efficiency to equity capital markets.
Appital gives the buy-side community greater exposure to deal flow opportunities they have not been able to access before. The Appital platform unlocks latent liquidity and efficiently drives a bookbuilding process, providing deal originators with opportunities to execute large volumes, often in excess of five days of ADV, with minimal market impact or risk of price erosion. At the same time, the platform enables deal
THETA, a specialist provider of buy-side trading technology as a service, has appointed Paul Flanagan as Strategic Sales Advisor, managing relationships with asset managers, hedge funds, fund managers and pension funds.
Flanagan has worked in Fixed Income sales to financial institutions for over 30 years. Most recently he was Managing Director for Institutional Investor sales at Lloyds Bank in London, where he worked for over five years. Previously he has worked in Fixed Income sales management at Societe Generale, HSBC, Citi and Deutsche Bank.
Flanagan joins as THETA is due to launch its trading system for the buy-side, Apollo, later
Dimensional Fund Advisors, a specialist in systematic factor investing, is bolstering leadership in its affiliate’s London-based EMEA Investment team, effective 1 August 2021.
Paul Foley will be assuming the role of Head of EMEA Portfolio Management, while Kipp Cummins becomes Head of EMEA Fixed Income.
As Head of EMEA Portfolio Management, Foley will oversee all portfolio management activities in London for Dimensional Fund Advisors Ltd. (Dimensional UK), reporting to Nathan Lacaze, Co-Chief Executive Officer at Dimensional UK. Lacaze previously held these responsibilities in addition to his Co-CEO role.
Foley previously served as Senior Portfolio Manager and Vice President of Dimensional
The Covid bet: How the pandemic has disrupted the Momentum-Value equity equation
The Covid bet: How the pandemic has disrupted the Momentum-Value equity equation