Solutions
Northern Trust is to take an equity stake in Essentia Analytics, a provider of behavioural analytics and consulting services.
The addition of Essentia behavioural analytics solutions is an extension of Northern Trust Whole Office, a strategy that facilitates client access to new technologies, services and solutions across the investment lifecycle.
“We continue to pursue a strategy that combines Northern Trust’s global architecture with innovative partners like Essentia to help clients maximise the value of their data and optimsze investment performance,” says Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “Essentia’s next generation data analytics technology allows
Edge Focus, a technology company that applies machine learning and artificial intelligence to analyse credit, has entered into a strategic partnership with prominent hedge fund Brevan Howard and global quantitative trading firm DRW.
“I cannot think of two better complementary partners to enable us to accomplish our ambitious goals while using our technology to lower the cost of capital for millions of borrowers,” says Elliott Lorenz, co-founder and CEO of Edge Focus.
“We are delighted to partner with Edge Focus, whom we view as an exciting and innovative manager in the field of consumer credit,” says Aron Landy, CEO of
JTC has acquired Ballybunion Capital Limited (Ballybunion), a boutique asset manager based in Ireland. The initial consideration will be settled in cash and JTC equity. A further deferred consideration is available on the achievement of performance targets in the current year.
Founded in 2009, the Ballybunion provides management and regulatory oversight services to investment funds and offers ManCo services as an Alternative Investment Fund Manager (AIFM) as well as portfolio management and risk management solutions.
Ballybunion has a strong reputation and its solutions based service offering has focused on the premium end of the market, covering both alternative and traditional
LSEG’s (London Stock Exchange Group) Turquoise Plato is connecting to OpenFin in response to the industry need for workflow efficiencies, application interoperability, and a more unified desktop experience for the buy-side and member firm users.
Turquoise has a proven track record in delivering innovation and liquidity opportunities to the market, with Turquoise Plato Block Discovery having seen record levels of block trading activity on Turquoise and Turquoise Europe in 2020. With this collaboration, Turquoise is continuing to deliver on its mission to identify efficient, collaborative operating models that reduce the implicit cost of trading, contribute to long-term investment returns and
OptionMetrics, an options database and analytics provider for institutional investors and academic researchers worldwide, has launched IvyDB Borrow Rate offering insights on the options-implied costs of short-selling individual securities computed intraday across maturities.
The new dataset gives institutional investors and academia valuable information to pinpoint short-selling pressure, analyse dynamic borrowing conditions, and improve research on short-selling positions.
Announcement of this new product comes as interest in short-selling (or borrowing shares of a stock to sell with hopes to buy it back cheaper) continues to grow, with GameStop and other meme stocks hitting trading highs earlier this year as just one
Digital asset investment products saw inflows totalling USD42 million last week, according to the latest Digital Asset Fund Flows weekly report from CoinShares.
Inflows were seen across all digital assets and signals what we believe to be continued improving sentiment amongst investors.
Bitcoin saw inflows of USD15 million, having suffered the most from negative investor sentiment recently with inflows in only three of the last 16 weeks.
Solana, despite recovering from a network outage caused by a DDoS attack, saw inflows of USD4.8 million. This suggests investors were happy to shrug-off the attack, seeing it as teething problems rather than
Umbria’s ultra-low-cost liquidity bridge now supports ETH and MATIC in addition to USDT and UMBR.
Using Narni, the native tokens for the Ethereum and Polygon networks can be transferred exceptionally quickly and cheaply cross-chain. ETH, which was launched first, can be bridged from the Ethereum to Polygon Network for as little as USD2.56 in gas, which is significantly less than other bridges. This has caused the Narni Bridge to be adopted rapidly by many DeFi participants and has especially caught the attention of the Zed Run community, who had previously been hampered by prohibitively expensive gas fees.
Another considerable
CME Group has launched what it says is the derivatives industry’s first-ever Sustainable Clearing service to help market participants track and report on how their hedging activities are advancing their sustainability goals.
Montréal Exchange (MX), Canada’s derivatives exchange, has launched the next phase of its extended trading hours initiative, offering investors in the Asia Pacific region the opportunity to manage their exposure to Canadian markets and execute cross-market strategies in their local time, almost 24 hours a day.
“We are extremely excited to launch this new phase of MX’s globalisation strategy, as we continue to push the evolution of our markets and address the increasing global demand for Canadian derivatives,” says Luc Fortin, President and Chief Executive Officer of MX and Global Head of Trading, TMX Group. “In keeping with the trend
C8, a fintech platform that offers investors the ability to use direct indexing across all liquid asset classes and investment styles, has launched a China Futures Access vehicle for offshore investors.
The strategy, used by C8’s Chinese onshore clients since 2018, provides institutional investors access to some of the world’s fastest developing futures markets via up to 50 commodity contracts.
The pace of innovation in China’s futures markets is accelerating, particularly in the commodity complex. Recent developments include the launch of the Guangzhou Futures Exchange in April 2021, China’s fifth futures exchange, focused on environmental products including carbon futures
