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Transaction Network Services (TNS) now offers traders access to market data at one of the world’s largest exchanges, B3, in Brazil. This new offering is the first Latin American exchange connection for TNS, which has comprehensive access to all the world’s major exchanges delivered globally over its low latency network.
Read the full story at Institutional Asset Manager…
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Frank Kost as Head of Sell-Side Business Development, North America. He will be based in the firm’s New York office.
Kost will oversee business development efforts for LBX Sell-Side, LiquidityBook’s industry-leading POEMS (portfolio, order and execution management system) purpose-built for the modern agency trading desk. He will play an instrumental role in bringing in new business and identifying long-term growth opportunities in North America, which continues to have the highest concentration of LiquidityBook clients of any region.
Kost most recently served as Director of Business Development
The first phase of Umbria Network’s DEX development has been completed. The DeFi protocol’s trading platform is fully functional with asset swaps and liquidity provision both successfully tested.
On testing, the transaction fees for swapping ERC20 tokens were less than USD0.001. The Layer 2 DEX is a modified version of SushiSwap with extra governance features.
The Umbria token list, which includes the ERC20 assets that users will be able to swap and provide liquidity for on Umbria DEX, can be viewed here.
The development team is currently building out the user interface with asset swapping on the Umbria
Redhedge Asset Management (Redhedge) has appointed Pierre Giannini as an Investor Relations Manager.
Based in the firm’s head office in Green Park, London, Giannini will focus on managing Redhedge’s existing and future client relationships in Europe. He will be reporting directly to the CEO, Andrea Seminara.
Giannini has an extensive experience in business development and investor relations, having developed strong connections in Europe and a deep expertise of alternative credit solutions at BlueBay, Barings, Daiwa SB Investments and most recently at RWC Partners.
Giannini says: “I am very excited to have the opportunity to join Redhedge to help
Validus Risk Management (Validus), an independent financial risk management and advisory firm, has acquired La Financière Constance (LFC), an investment company with a strong focus on quantitative and derivatives-based strategies, with offices in Montreal and Toronto.
The acquisition will form the basis of Validus’ new Global Macro Strategies (GMS) business, which will enable Validus to provide additional products and services to its institutional client base including pension funds and family offices. GMS is led by former LFC Partner, Kambiz Kazemi, who has joined Validus as its Chief Investment Officer.
Kevin Lester, CEO of Validus, says: “LFC’s expertise in overlay and
Scottish Equity Partners (SEP) has completed a significant growth equity investment in regulatory technology (regtech) company FundApps.
Read the full story at Private Equity Wire…
A number of institutional participants and even some large cryptocurrency exchanges are relying on sub-par custody approaches when holding digital assets on behalf of clients, according to Opimas, with the company estimating that over USD190 billion worth of bitcoin is currently at risk as a result.
Users can now secure and access AVAX on both X-chain and C-chain addresses using Ledger hardware wallets.
Read the full story at Institutional Asset Manager…
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CTAs and trend-following hedge funds have begun May positively. Société Générale’s main broad-based CTA Index has advanced 1.37 per cent so far this month, which has brought its year-to-date return to more than 7 per cent.
Digital asset investment products saw inflows totalling USD373 million last week highlighting a resurgence, according to the latest CoinShares Digial Asset Fund Flows weekly report.
Some providers continue to see outflows in what CoinShares believes is the continued profit-taking behaviour. Unusually, inflows were seen across the full spectrum of digital assets.
The positive momentum for Ethereum continues with inflows of USD60m last week with total assets under management only in December 2020.
New investment product entrants, Cardano and Litecoin got off to a good start with inflows USD6.6 million and USD3.6 million respectively.
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