Solutions
Exchange Data International (EDI) will provide market participants with Foreign Marginable Securities (FMS) data that determines portfolio margin eligibility for non-US securities.
Earlier this year the OCC decided to discontinue their Foreign Marginable Securities daily feed. This program will now terminate as of 12 November, 2021. The purpose of the feed was to list securities trading on non-US markets that have a “ready market” position.
EDI has been offering a feed that is similar to OCC’s to a select group of clients since 2016. This feed is now available to all market participants via EDI.
Jonathan Bloch, CEO at EDI,
Cosaic, a workflow solutions provider bringing smart desktop technology to the finance industry, has formed a strategic partnership with Reformis, a technology consulting firm for the investment management industry.
As a strategic Cosaic partner, Reformis will help bring interoperability to buy-sides by leveraging the power of Cosaic’s smart desktop platform, Finsemble.
“From big asset managers to smaller hedge funds, interoperability is shifting from nice-to-have to imperative across the buy-side,” says Dan Schleifer, CEO and co-founder of Cosaic. “It’s Reformis guiding these firms and spearheading buy-side interoperability projects.”
Reformis is a trusted name in buy-side tech initiatives, from data management solutions
Quant technology provider SigTech has launched a new Data Showroom, which revolutionises the way data owners sell their data to fund managers and asset owners, reducing the sales cycle from months to weeks.
Qontigo, a provider of risk, analytics and index solutions, has introduced a Carbon Emission Price factor within the Axioma Worldwide Macroeconomic Projection Equity Factor Risk Model (Macro Projection Model).
Designed to capture the investment risk of a global, regional or single-country portfolio through the lens of macroeconomic risk factors, the Macro Projection Model also decomposes risks driven by interest rate, inflation and commodities.
“As more institutional investors turn to sustainable investing, it’s critical for them to be able to get a clearer picture of the distribution of their risk based on macroeconomic exposures, including those driven by ESG-related factors,” says
The Depository Trust & Clearing Corporation’s (DTCC) DTCC Exception Manager, its platform to publish, manage and communicate trade exceptions, is now offering an optional Central Securities Depositories Regulation (CSDR) service to assist clients by calculating predicted fail penalties, prioritising exceptions by size of predicted penalty and generating claim emails.
Apex Group (Apex), a global financial services provider, has been appointed to provide fund administration and accounting services to Marlin Capital Partners (Marlin).
Marlin Capital Partners is headquartered in Nassau, The Bahamas and is licensed and regulated by the Securities Commission of The Bahamas to offer advisory services and manage assets on a discretionary basis.
Marlin has appointed Apex Group and subsidiary Throgmorton to provide outsourced Management Company, Middle Office and Fund Administration services. This appointment comes ahead of the launch of Marlin’s Dauntless Fund, which will focus on arbitrage opportunities within the digital asset space.
Apex’s single-source solution
Private market exchange ADDX has launched its first cryptocurrency product, with the listing of a digital asset fund by investment manager Trovio Capital Management (TCM). The fund aims to provide accredited investors with a reliable option for crypto investing and has put in place institutional-grade safeguards in relation to the trade execution and custody of the fund’s underlying digital assets.
The TCM Digital Asset Fund takes a diversified approach to crypto investing. On top of core positions in bitcoin and ether, the fund invests in a set of seven other top-performing cryptocurrencies that are identified and reviewed regularly through a
Exabel, a data and analytics platform for investment teams, is partnering with ExtractAlpha to deliver a new insights platform for ExtractAlpha’s investment clients.
The ExtractAlpha Intelligence Engine will give portfolio managers and hedge funds additional insights based on ExtractAlpha’s diverse alpha signals. The platform delivers user-friendly dashboards, visualisations and KPI monitoring capabilities, with a focus on TrueBeats – ExtractAlpha’s advanced earnings and sales surprise forecasting model. This assists investors in idea generation and fundamental analysis by spotting trend shifts in ExtractAlpha’s data. Partnering with Exabel gives alternative data vendors a compelling extra presentation and monitoring layer that investors value, utilising
Corinthian Digital Asset Management, a diversified digital assets offshoot of London-based crypto arbitrage hedge fund Argentium, has named ex-Macquarie and JP Morgan equity research head Peter Redhead as partner and chief operating officer.
Redhead joins as Corinthian, which was established by Argentium founder Paul Frost-Smith, prepares to open its debut hedge fund strategy Chiron to external capital in February 2022.
Redhead previously spent more than five years at Macquarie Global, most recently as global head of equity research. Earlier, he had been managing director and head of EMEA equity research and head of Asian equity research at JP Morgan.
Over
Sterling Trading Tech (STT), a specialist in technology solutions for real-time risk management and margin calculations for equities, equity options, futures, and options on futures has reported continuous interest and adoption of its Rest API cloud-based Risk & Margin System.
The Sterling Risk & Margin System (SRM) provides advanced analytics as a RaaS (Risk-as-a-Service) solution utilising sophisticated quantitative and big data techniques to manage risk in real-time. The SRM calculates risk scenarios, stress tests, portfolio margin, risk-based haircuts, maintenance margin and VaR for each account, with the capability to add and handle firm-specific house rules. Additionally, the SRM is utilised
