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CLS, a market infrastructure delivering settlement, processing and data solutions, is launching two new datasets to capture outstanding forward and swap positions in the FX market, in addition to making enhancements to its existing suite of alternative FX data products – CLSMarketData.
The new FX outright forward outstanding and FX swap outstanding datasets enable users to improve their analysis of both short- and longer-term FX market trends to provide insight into market dynamics. Outstanding forward and swap position reports will be introduced on a daily basis, helping all market participants benefit from increased visibility into cash flow and directional positioning
Cairn Capital Group (Cairn Capital), supported by Mediobanca as its majority shareholder, has completed the acquisition and merger with Bybrook Capital (Bybrook).
Bybrook is a London-based specialist credit manager, focused on absolute value stressed/distressed debt and special situations in Europe. It has established an outstanding track record since inception. Bybrook currently manages approximately USD2.4 billion on behalf of top tier international institutional investors.
The merger creates a leading European-focused credit manager with global reach and proven track records across the credit spectrum. The combined firm has approximately USD9 billion of assets under management across leveraged finance, structured credit, special
Bitfinex Derivatives, a derivatives platform accessible through digital token trading platform Bitfinex, has launched perpetual contracts for Filecoin (FILF0:USTF0) and Avalanche (AVAXF0:USTF0).
FILF0:USTF0 and AVAXF0:USTF0 went live on 02/09/21 at 12:00 PM CET. The contracts offer users up to 100x leverage and will be settled in Tether tokens (USDt).
“We’re delighted to announce the addition of Filecoin and Avalanche 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.”
Insch Kintore, the currency and gold-focused CTA hedge fund run by ex-AHL director Christopher Cruden, remains up this year as the precious metal continues on its rollercoaster ride.
ProMeritum Investment Management, an emerging markets fixed income manager focussing on Eastern Europe, the Middle East and Africa (EEMEA), has appointed Arnaud Beernaert as its new Head of Investor Relations and Business Development.
Beernaert was previously Head of Business Development for Gladwyne Investments, where he helped double the firm’s assets in three years. Before that, Beernaert worked in senior capacities for other hedge funds, from large and established ones, such as BlueMountain Capital and Graham Capital, to start-ups, such as Areski Capital. Beernaert was previously also a Manager at McKinsey & Co and started his career as a corporate lawyer.
Following the merger of Calypso Technology and AxiomSL in July, the combined company has now announced it will operate under the new name of Adenza.
The new name is a combination of the words “add” and “cadenza”; “add” embodies the mathematical and analytical skills strongly associated with both Calypso and AxiomSL, while “cadenza” signifies the passion to innovate, build market-leading products and consistently deliver value to customers.
Adenza is unique in the industry, offering modern, fully integrated solutions which can be delivered on-premise or on-cloud. The breadth of Adenza’s offering allows customers across the banking, capital markets, treasury, enterprise risk,
Parameta Solutions has launched a new FX Evaluated Pricing (FEP) solution, which allows businesses who deal with FX instruments to make more accurate and timely decisions regarding price discovery, portfolio valuation, risk management and regulatory compliance.
The FEP solution will initially deliver observable pricing for G10 currency pairs, and cover linear instruments as well as FX Options. Parameta Solutions plans to extend coverage to additional currency pairs in the future.
FEP is built on Parameta Solutions’ proprietary data model where indicative marks generated by broking partners at TP ICAP are enriched with trade data and market quotes coming from
Stephen Kenny (pictured) from Blick Rothenberg’s Financial Services team reviews HM Revenue & Customs’ (HMRC) recent announcement on moving the accounting year end for unincorporated businesses.
Geneva Capital Partners, a European high-yield credit-focused family office founded by former RBS principal strategies head Steven Behr, is opening up to outside money.
Established by Behr as a family office in 2013, GCP runs a long/short high-yield opportunistic strategy trading corporate credit. The London-based firm currently has USD18.7 million in assets under management.
The firm takes a bottom-up, research-driven approach to credit investing, running a highly-diversified portfolio comprising 55 positions across Europe.
Behr’s decision to come out of retirement to manage external capital follows several years of strong performance for GCP’s strategy. The fund has outperformed its benchmark with
CME Group and IHS Markit have launched OSTTRA, a new post-trade services company joint venture.
OSTTRA, 50/50 owned by CME Group and IHS Markit, is a provider of progressive post-trade solutions for the global OTC markets across interest rate, FX, equity and credit asset classes. It incorporates CME Group’s optimization businesses –Traiana, TriOptima, and Reset – and IHS Markit’s MarkitSERV. Headquartered in London, OSTTRA will be led by Co-CEOs Guy Rowcliffe and John Stewart.
Rowcliffe will serve as Co-CEO and Chief Commercial Officer, with oversight for leading the company’s full product portfolio and sales teams. Most recently, Rowcliffe was
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