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Danish-owned cryptocurrency hedge fund ARK36 has participated in a private sale of GTU tokens issued by Concordium, a new blockchain project built for business and focused on regulatory compliance and privacy.
Concordium, which is run by a team of Danish innovators and led by CEO Lone Fonss Schroder, has recently completed the second private sale round where they raised USD15 million and thus secured additional funding for further development. ARK36 saw the sale as an opportunity to further broaden its portfolio, recognising Concordium’s groundbreaking potential and a promising, asymmetric risk-to-reward ratio it may carry as an investment.
Concordium is a
Broadridge Financial Solutions, Inc, has partnered with AccessFintech to deliver a new Strategic Gateway for Settlement Workflow that offers efficiencies in resolving multi-party settlement fails.
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AcadiaSoft, a provider of risk and collateral management services for the derivatives community, is to artner with LIKEZERO, a specialist in data capture and contract analysis technology for complex financial contracts.
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LiquidityBook, a specialist Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Sumit Kumar as Senior FIX Specialist. He will be based in the firm’s London office.
Kumar will play a key role in ensuring clients have a smooth and seamless experience with LiquidityBook, from onboarding to day-to-day connectivity, collaborating with both internal developers and external clients to help create more robust processes to match the growing client base adoption of the latest FIX-based trading tools Wall Street has to offer. This hire comes at a time of tremendous growth for LiquidityBook. In 2020, the firm added 30
Global equities hedge fund Russell Clark Investment Management is taking a bearish stance on “expensive” gold, and urges caution on the price of the safe-haven commodity.
In a recent market commentary, Russell Clark examined the long-term value of the precious metal, and its relationship with the price of food.
Traditionally, investors have flocked to the commodity as a defensive asset during times of turmoil, with gold holding its value over the long term, and being recognised as both a store of money and medium for transactions.
But despite soaring in the early days of the Covid market crash last spring,
Bitfinex, a state-of-the-art Digital token trading platform Bitfinex, has integrated ClearLoop, Copper’s instant off-exchange settlement and clearing network.
Copper’s segregated custodian account provides institutional grade custody thereby mitigating counterparty risk and reducing deposit and withdrawal waiting time. The solution removes the need for institutional customers to move digital tokens from a secure cold wallet into an exchange’s hot wallet, a process that can often take between ten minutes to one hour. These delays are exacerbated when factoring in withdrawals and post-trade settlement. ClearLoop has the stated aim of eliminating these outdated processes by enabling off-exchange settlement that it says can
oneZero, a specialist in multi-asset enterprise trading technology solutions, has released the Algorithmic Pricing Module, an price creation tool which facilitates the formation of customised pricing for each recipient, utilising brokers’ own data constructs and algorithms.
Read the full story at Institutional Asset Manager…
Acuity Analytics, parent company of financial technology firm Acuity Trading, has completed its first acquisition with the purchase of research firm Signal Centre, formerly PIA First.
The sale, for an undisclosed sum, will see the fusion of analytical prowess and cutting edge technology that will be used to further cement Acuity Analytics’ position as a leading data and analytics provider in the financial markets.
The addition of Signal Centre will facilitate a deep product integration alongside the creation of new data sets and will help to foster exciting new product ideas that will continue to transform the trading experience, from
Sun Hung Kai & Co has committed capital to the ActusRayPartners European Alpha Fund which launched on 18 March 2021.
The fundraising target over the first few months is USD100 million, while the fund will focus on listed equities in the European time-zone markets. It covers all sectors and companies of all market capitalisations across the region.
Based on over 35 years of investment experience, ActusRayPartners employs a differentiated investment process called Discretionary Probabilistic Investing. The process has a quantitative base but with a discretionary edge to handle situations that may be problematic for a pure systematic process. Their work is
Aberdeen Standard is bullish on merger arbitrage and long/short equity hedge funds
Aberdeen Standard is bullish on merger arbitrage and long/short equity hedge funds