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The European Energy Exchange (EEX) continues to register strong market interest and growth in its Japanese Power Derivatives products. From January until June 2021, a volume of 3,519 GWh was traded in Japanese Power Future contracts. This is more than five times the volume traded in the last year since launch (May – December 2020: 587 GWh).
EEX has firmly established itself as the leading venue for Japan Power Futures trading, holding a 88 per cent exchange market share between January and June 2021. The beginning of the year was characterised by high volatility which led to a trading volume
Hedge funds betting against UK blue chip stocks saw their negative wagers pay off on Monday as investor fears over rising coronavirus cases sent the FTSE 100 tumbling some 2.3 per cent.
Hopes that the easing of most Covid-19 restrictions in England this week – with 19 July having been dubbed ‘Freedom Day’ – would help accelerate the UK’s nascent economic recovery were soured as travel, manufacturing and retail names were all dented.
Travel and tourism-related stocks were among the hardest hit amid continued uncertainty surrounding the UK’s traffic-light quarantine system for travellers, which threatens summer holidays for many. EasyJet
Digital asset investment products saw another quiet week last week, with minimal net inflows totalling USD2.9 million, according to the latest Digital Asset Fund Flows report from CoinShares.
After a few weeks of inflows into bitcoin outflows have now been seen for the last two weeks, with outflows last week totalling USD10.4 million.
Ether saw its third consecutive week of inflows, with last week’s inflows totalling USD11.7 million.
Volumes in bitcoin fell to just 38 per cent of the year-to-date average, totalling USD3.9 billion per day last week.
Man Group has selected corfinancial’s treasury solution, Salerio, to manage the firm’s foreign exchange confirmation, settlement and netting processing.
Man Group uses Salerio to automate the management of securities post-trade processing and is expanding the use of Salerio to incorporate automation of foreign exchange processing. The investment management firm’s international growth has relied increasingly upon Salerio, which automates key middle office processes.
Salerio will also support Man Group’s CLS (Continuous Linked Settlement) netting – a standardised, automated bilateral payment netting service.
Richard Craske, Change Management Specialist at Man Group, said: “We have been a long-term user of Salerio
The Alternative Investment Management Association has published a new paper on diversity, equity and inclusion (DEI), setting out practical measures outlining how asset managers and other firms can be betters allies to colleagues from minority or underrepresented groups.
The European Energy Exchange (EEX) has reported significant growth in its European Emissions markets in the first half of 2021.
The total volume amounted to 742 million tonnes of CO2 which marks an increase of 32 per cent compared to the first half of the previous year (H1 2020: 561 million tonnes of CO2).
The Emissions Secondary Spot market, which EEX organizes in cooperation with its partner Incubex, rose by 74 per cent to 53 million tonnes of CO2 (H1 2020: 30 million tonnes of CO2), being the main growth driver of the Spot markets which overall increased by 6
oxio, a Canadian internet connectivity platform has closed its Series A funding round after successfully raising CAD25 million and bringing their total funding to CAD40 million.
The leading investor for this first significant venture capital financing is Xavier Niel, founder of Free, the telco giant that revolutionised European connectivity. Additional investors include Investissement Québec, Desjardins Capital, Desjardins Entreprise, WNDRCO and Dispatch Ventures.
The closing of this round of funding comes hot on the heels of significant momentum; last winter, oxio participated in the Y Combinator, one of the world’s most recognised start-up incubators. Since its 2019 launch, oxio’s services have
Professional investors believe the boom in cryptocurrency trading has further to run with nearly one in three expecting the level of trading to increase dramatically over the next 12 months, new global research from blockchain-based derivatives trading platform CloseCross shows.
Read the full story at Institutional Asset Manager…
CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, welcomes changes to the FX Global Code (the Code) which place greater emphasis on the use of payment-versus-payment (PvP) settlement mechanisms where available, and provide more detailed guidance on the management of settlement risk where PvP settlement is not used.
Read the full story at Institutional Asset Manager…
Enhancing the productivity and efficiency of its trading and portfolio management solution for its asset management clients globally, Broadridge Financial Solutions is to utilise OpenFin’s operating system for financial desktops.
