Solutions
Digital asset investment products returned to positive inflows last week following a run of six weeks of out flows’ according to the latest Digital Asset Fund Flows report from CoinShares.
Positive price action in recent weeks has now pushed total assets under management (AuM) to USD57.3 billion, the highest since mid-May.
Solana, a competitor to Ethereum, saw the largest inflows of any digital asset last week totalling USD7.1 million.
Ethereum saw minor inflows totalling USD3.2m last week along with other altcoins such as Cardano, Litecoin and Polkadot which saw inflows of USD6.4 million, USD1.8 million and USD1.1 million respectively.
Bitcoin saw
Cboe Global Markets, a provider of global market infrastructure and tradable products, is to launch futures on the AMERIBOR (American Interbank Offered Rate) Term-30 interest rate benchmark.
The new futures are expected to be available for trading on Cboe Futures Exchange, LLC (CFE) on business date Monday, 13 September, 2021, subject to regulatory review.
The AMERIBOR Term-30 benchmark, disseminated by the American Financial Exchange (AFX), is designed for financial institutions in need of forward-looking short-term interest rates as the planned cessation of LIBOR approaches. The benchmark is designed to capture wholesale funding costs for American financial institutions over a thirty-day
ZEDRA has appointed Damien Fitzgerald as Head of Funds for Guernsey. In the role, he will lead the firm’s fund solutions offering and will be supported by the recently appointed Head of Fund Operations, John Donnelly, an industry veteran with considerable experience in client service management, financial reporting and fund accounting.
Fitzgerald has accumulated a wealth of knowledge with 23 years of fund administration, corporate governance, accounting and audit experience, including 17 years in Guernsey’s financial services industry. Prior to joining ZEDRA, he was Head of Funds at another renowned fund services administrator in Guernsey, leading a team of 70
European derivatives exchange Eurex is to launch bitcoin ETN futures, a new contract that offers clients access to the price of bitcoin in a regulated on-exchange and centrally cleared environment.
This offering will be the first regulated market in bitcoin-related derivatives in Europe.
Launch of the new contract is planned for 13 September. The futures contract is based on the BTCetc Bitcoin Exchange Traded Crypto (ISIN: DE000A27Z304), which is listed on the Frankfurt Stock Exchange and has been among the most heavily traded ETF/ETN contracts on Xetra since its start in June 2020. The bitcoin ETN was equivalent to 1/1000th
UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), has been selected to provide services to the AFA Multi-Manager Credit Fund—Alternative Fund Advisors’ (AFA) first registered closed-end interval fund.
UMBFS will provide transfer agency, fund accounting, tax reporting and fund administration for AFA’s fund, while UMB Bank will provide custody services.
“We are pleased to provide a suite of services to support Alternative Fund Advisors‘ first registered closed-end interval fund,” says Maureen Quill, executive vice president, executive director of registered funds at UMBFS. “In addition to accessing our award-winning fund administration and custody services, Alternative Fund Advisors
MakerDAO’s Real-World Finance Core Unit has partnered with JST Capital, a financial services firm specialising in the digital assets market, to bring on-chain securitisation to institutional investors.
JST and MakerDAO will be working together to develop robust frameworks for bringing real-world assets on-chain.
They will also look to improve legal structures, the smart contract platform, and custody and settlement processes to allow established asset-backed participants to feel comfortable with decentralised finance.
The implementation of ESG metrics for regulated funds under the EU’s sustainability-focused SFDR framework remains a “work in progress” for many hedge funds and other asset managers, according to fund structuring and governance service provider Waystone.
Baton Systems (Baton) has completed connecting to Intercontinental Exchange (ICE), a global provider of data, technology, and market infrastructure, making ICE Clear Europe the fifth major global CCP available on the Baton network.
All FCMs using Baton will now be able to automate and optimise collateral holdings and expedite the movement of cash and securities with the CCPs of greatest strategic importance to their business. These firms include the world’s largest financial institutions, responsible for managing 43 per cent of the funds held by global CCPs.
Citi recently became the first FCM to connect to ICE Clear Europe and benefit
The “fluidity” of virtual conferencing has proved a “silver lining” during the pandemic, optimising allocator time during the investor due diligence process, according to new research by alternatives-focused software-as-a-service and data management company Vidrio Financial.
SigTech says Python is set to remain the programming language of choice for backtesting investment strategies, as new research reveals the world’s most popular systematic trading language is set to become even better.
