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Options, a provider of Ultra-Low Latency (ULL) connectivity to the financial services (FS) markets, has been selected as Managed Services Provider for a global top-tier bank as it expands its foreign exchange (FX) footprint into Singapore, via Equinix’s SG1 International Business Exchange (IBX) data centre.
Following the news of Options’ 2020 expansion into Singapore, and in collaboration with the Monetary Authority of Singapore (MAS) and Equinix, FS clients can now leverage Options’ services to expand their own FX trading footprint in this market.
By leveraging Platform Equinix, Options can provide a leading investment bank with an interconnection-rich environment for low
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, has released OptionMetrics IvyDB Canada 3.0 with comprehensive historical price, implied volatility (IV), and sensitivity data on optionable securities across Canadian indices and equity options.
Major upgrades to the database include extension of the volatility surface to better assess shorter- and longer-term strategies, and the addition of a forward price table to calculate option values at different maturities.
OptionMetrics adds 10 days and additional delta values of 10, 15, 85, and 90 (negative for puts) to grid points in its volatility surface. This update allows
Ninety One, a global investment manager, has extended its long-time relationship with SS&C. The firm has retained SS&C Global Investor and Distribution Solutions (GIDS) to provide transfer agency services to its Ninety One Fund Managers UK Limited business.
SS&C supports Ninety One’s UK business with a full range of transfer agency services, including investor, distribution and analytics solutions. As part of the agreement, SS&C will work with Ninety One to enhance the funds’ digital investor engagement and further develop analytics capabilities.
“We are pleased to continue our long-standing partnership with SS&C,” says Cora Kielblock, Head of Global Operations. “SS&C
Digital asset investment products saw another week of outflows totalling USD19.5 million, the fourth consecutive week of outflows, according to the latest Digital Assets Fund Flows weekly report from CoinShares.
Since the outflows began, prompted by negative price action in mid-May, outflows have totalled USD295 million, representing 1 per cent of assets under management.
Bitcoin saw outflows totalling USD20 million, its fourth consecutive week of outflows.
Multi-asset investment products continued to buck the trend with another week of inflows totalling USD7.5 million.
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
