Latest News
Overbond has added a rich-cheap model to its suite of AI fixed income analytics, allowing buy-side desks around the globe to generate systematic return with a real-time, fully back-tested methodology that is part of a scalable and interoperable trading system.
CloudMargin, creator of a collateral and margin management solution native to the cloud, has made enhancements to facilitate clients’ preparedness for the Uncleared Margin Rules (UMR) for firms that have just fallen under the scope of Phase 5 or will fall under the scope of Phase 6 as of next September.
The firm is now connected to nearly 60 custodians globally for cash, securities and third-party SWIFT settlement, in addition to its long-established SWIFT connectivity to the four major triparty agents.
In January 2016, CloudMargin became the first collateral management technology provider to offer direct connectivity to SWIFT’s global
Hedge funds’ narrow rise during August has driven their year-to-date returns back into double-digit territory, as equity long/short, event driven, macro and relative value managers all scored gains in the face of the Afghanistan crisis, ongoing monetary policy uncertainty, and Covid’s continued impact on markets.
Hedge Fund Research’s main Fund Weighted Composite Index – a broad-based index tracking the monthly returns of some 1400 single manager hedge funds across all strategy types – rose 0.80 per cent last month.
August’s positive performance reversed July’s narrow 0.60 per cent loss, which had been the benchmark’s first down month since September 2020.
Axyon AI has partnered DMALINK to develop the use of deep learning artificial intelligence to dynamically manage liquidity, detect market and order anomalies, and create smart algorithms for trade execution in the fiat FX space.
Axyon AI will combine its technology with DMALINK’s ECN infrastructure to innovate FX trading. For the buy side, deep learning models considerably improve the quality of order fills. For the sell side, the application will ensure firms maintain a positive yield curve. The deep learning technology will also detect market anomalies in spot FX, giving DMALINK participants access to one of the most powerful risk
Diligend, a fund due diligence and monitoring software provider, has launched a new and free to use Form ADV data module.
ADV data plays an instrumental role in helping investors make investment decisions during the selection of fund managers or when monitoring their existing portfolio. The data covers important information such as assets under management (AUM) breakdown, ownership, clients, employees, business practices, affiliations, and any disciplinary events of the adviser or its employees.
The Diligend Form ADV data module is a complimentary service enabling investors and consultants to review and monitor the Form ADV information and changes of any
TORA, provider of a cloud-based order and execution management system (OEMS) and portfolio management system (PMS), has expanded its UK presence with a new London office and new hires Peter Rank and Chris Hopton.
Rank has been brought on as Sales Manager, Europe, and Hopton as a Professional Services Manager.
Rank joins TORA from AxeTrading and Bloomberg AIM where he worked with clients across Europe. Peter will be reporting to David Tattan, the Head of Sales for Europe, and is responsible for driving new client acquisition for TORA’s software solutions.
Prior to joining TORA, Hopton was a Senior
SimCorp, an independent provider of SaaS investment management solutions, has partnered with Qontigo, a provider of analytics and indices, and part of the Deutsche Börse Group.
The partnership offers SimCorp clients a fully managed portfolio optimisation and risk management and modelling service, within SimCorp Dimension. It is one of several portfolio optimisation and risk analytics partnerships that SimCorp will grow, to complement and enhance its own front office suite, with a choice of market-leading tools for alpha generation and decision making. The partnership forms an integral part of SimCorp’s Open Platform, designed to democratise access to industry innovation and simplify
By working with firms like FlexTrade, Appital is aiming to drive the technological infrastructure development necessary to integrate its platform into existing market structures and bring innovation and automation to equity capital markets.
Appital’s platform will be fully integrated with FlexTrade’s FlexTRADER EMS, bringing a historically manual order flow process to an automated platform. Through FlexTrade’s integration with Appital, buy-side firms will have access to the liquidity and efficiency of executing on Turquoise, LSEG’s (London Stock Exchange Group) pan-European MTF with seamless straight-through-processing (STP) to over 20 settlement venues. Sparked by demand from some of the largest asset management
Nasdaq has launched Nasdaq Data Link, a cloud-based technology platform that empowers all segments of the investing public with a comprehensive suite of core financial, fund and alternative data.
The platform connects the global financial community to the information needed to generate alpha, manage risk and gain transparency into public and private markets.
Nasdaq’s acquisition of Quandl in 2018 accelerated its vision to unify access to a broad portfolio of data and insights from across Nasdaq’s businesses and network of global partners, empowering users to efficiently discover and integrate market data and analytics for their investment strategies and financial
Cheyne Strategic Value Credit has successfully raised its second fund, Cheyne European Strategic Value Credit Fund II (SVC II) securing EUR 1 billion capacity less than six months after its first close, with strong support from existing investors and significant excess demand from new investors.
Cheyne Strategic Value Credit was established in 2017 as a new investment division within alternative asset manager Cheyne Capital and employs a value-oriented, opportunistic approach to investing in corporate credit, with a focus on special situations and debt restructurings. The group’s inaugural European Strategic Value Credit Fund (SVC I) was substantially oversubscribed and closed at
