Solutions
Cairn Capital Group (Cairn Capital), supported by Mediobanca as its majority shareholder, has completed the acquisition and merger with Bybrook Capital (Bybrook).
Bybrook is a London-based specialist credit manager, focused on absolute value stressed/distressed debt and special situations in Europe. It has established an outstanding track record since inception. Bybrook currently manages approximately USD2.4 billion on behalf of top tier international institutional investors.
The merger creates a leading European-focused credit manager with global reach and proven track records across the credit spectrum. The combined firm has approximately USD9 billion of assets under management across leveraged finance, structured credit, special
Bitfinex Derivatives, a derivatives platform accessible through digital token trading platform Bitfinex, has launched perpetual contracts for Filecoin (FILF0:USTF0) and Avalanche (AVAXF0:USTF0).
FILF0:USTF0 and AVAXF0:USTF0 went live on 02/09/21 at 12:00 PM CET. The contracts offer users up to 100x leverage and will be settled in Tether tokens (USDt).
“We’re delighted to announce the addition of Filecoin and Avalanche to the growing portfolio of perpetual swaps available to trade on the exchange,” says Paolo Ardoino, CTO at Bitfinex Derivatives. “We anticipate great interest in these products, particularly among funds and professional investors for hedging purposes and to manage risk.”
Following the merger of Calypso Technology and AxiomSL in July, the combined company has now announced it will operate under the new name of Adenza.
The new name is a combination of the words “add” and “cadenza”; “add” embodies the mathematical and analytical skills strongly associated with both Calypso and AxiomSL, while “cadenza” signifies the passion to innovate, build market-leading products and consistently deliver value to customers.
Adenza is unique in the industry, offering modern, fully integrated solutions which can be delivered on-premise or on-cloud. The breadth of Adenza’s offering allows customers across the banking, capital markets, treasury, enterprise risk,
Parameta Solutions has launched a new FX Evaluated Pricing (FEP) solution, which allows businesses who deal with FX instruments to make more accurate and timely decisions regarding price discovery, portfolio valuation, risk management and regulatory compliance.
The FEP solution will initially deliver observable pricing for G10 currency pairs, and cover linear instruments as well as FX Options. Parameta Solutions plans to extend coverage to additional currency pairs in the future.
FEP is built on Parameta Solutions’ proprietary data model where indicative marks generated by broking partners at TP ICAP are enriched with trade data and market quotes coming from
Stephen Kenny (pictured) from Blick Rothenberg’s Financial Services team reviews HM Revenue & Customs’ (HMRC) recent announcement on moving the accounting year end for unincorporated businesses.
CME Group and IHS Markit have launched OSTTRA, a new post-trade services company joint venture.
OSTTRA, 50/50 owned by CME Group and IHS Markit, is a provider of progressive post-trade solutions for the global OTC markets across interest rate, FX, equity and credit asset classes. It incorporates CME Group’s optimization businesses –Traiana, TriOptima, and Reset – and IHS Markit’s MarkitSERV. Headquartered in London, OSTTRA will be led by Co-CEOs Guy Rowcliffe and John Stewart.
Rowcliffe will serve as Co-CEO and Chief Commercial Officer, with oversight for leading the company’s full product portfolio and sales teams. Most recently, Rowcliffe was
Options, a provider of managed trading infrastructure and connectivity to the global capital markets, has ex[anded its managed hosting and connectivity capabilities in Japan Exchange Group (JPX) providing access across both the Tokyo Stock Exchange (TSE) and Osaka Exchange (OSE).
JPX, one of the largest stock exchanges globally, was established through the combination of the Tokyo Stock Exchange and Osaka Securities Exchange in 2013 and provides market participants with reliable venues for trading through the provision of market services, market data, order execution, and clearing and settlement.
This exciting addition to the firm’s colocation footprint means Options will be working
Global investor services group IQ-EQ’s Specialist regulatory hosting and outsourced compliance business, Lawson Conner, has rebranded as IQ-EQ.
IQ-EQ completed the acquisition of Lawson Conner in 2018, adding appointed representative and AIFM solutions to its comprehensive range of existing compliance, administration, asset and advisory services for investment funds. Integrated and working seamlessly as part of the Group, the time has come for Lawson Conner to embrace the IQ-EQ brand and operate as an integral part of the Group’s overall service offering.
Rachel Aldridge, Managing Director, Regulatory and Compliance Solutions at IQ-EQ, says: “As we evolve our business to better
USDT can now be migrated cross-chain almost instantly and at minimal cost using Umbria’s Narni Bridge – bridge.umbria.network.
In addition to bridging the stablecoin quickly between the Ethereum Mainnet and Polygon network with extremely low fees, users can lend their USDT to the bridge in a system called pooling and earn APY (a return similar to interest on deposits). With Narni’s ‘pool and earn’ feature (https://bridge.umbria.network/pool/), liquidity providers receive fees when other participants bridge USDT between networks. Stablecoins are expected to accrue higher fee generation because of their popularity and uses.
Using the Narni bridge, it takes an average
West Realm Shire Services Inc (FTX.US), a US-regulated cryptocurrency exchange, has executed a sale and purchase agreement to acquire Ledger Holdings Inc, parent company of LedgerX, a Commodity Futures Trading Commission (CFTC) regulated digital currency futures & options exchange and clearinghouse.
The acquisition is anticipated to close, pending satisfaction of customary closing conditions.
Brett Harrison, President of FTX.US, says: “This acquisition marks a significant milestone for our rapidly growing US business and is a key part of our strategy to bring regulated crypto derivatives to our US user base. We believe the integration of our technological capabilities, product portfolio and
