Solutions
Following the Alternative Reference Rates Committee’s (ARRC) March 2021 announcement that it had selected Refinitiv to publish its recommended spread adjustments and spread adjusted rates for cash products, Refinitiv has launched a prototype rate.
The Refinitiv USD IBOR Cash Fallbacks, as the rates will be known, will leverage the firm’s extensive experience in administering benchmarks, such as Refinitiv Term SONIA, to create a family of US Dollar (USD) fallback rates for use in cash markets.
The London InterBank Offered Rate (LIBOR) underpins hundreds of trillions of dollars of financial instruments and contracts, making it one of the most widely
In a drive to better serve its clients and increase transparency and understanding of private markets, Preqin — a specialist in alternative assets data, analytics and insights — has acquired Colmore, a private markets technology, services and administration business.
Preqin supports more than 110,000 professionals globally in raising capital, sourcing deals and investments and understanding performance by providing them with the most comprehensive alternative assets data and insights. Colmore’s key solutions include portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its LP and allocator clients. The rapidly growing business monitors more than 3,000 private market funds
Iress is transitioning its Execution Management System (EMS) to its cloud platform as part of its trading technology strategy for the UK.
The last twelve months have seen exponential growth in usage of Iress’ EMS, in terms of both new clients and trading volume, and the transition to cloud enables Iress to deploy new services and seamlessly scale on demand.
As a result, firms will be able to increase or decrease trading capacity as the market and their business dictates, and to implement new services and functionality with shorter development cycles. It will also drive continued improvements to the efficiency
Options, a provider of cloud-enabled managed services to the global capital markets, has partnered with Quercus Technology Group, enabling cloud and application optimisation services for industry leading Tier 1 electronic trading applications and Capital Markets solutions.
The partnership creates a unique offering that combines domain knowledge and subject matter expertise across fully managed, cloud agnostic environments and application specific configuration, customisation and optimisation. The resulting solution is one specifically designed to drive value through reduced time to market, minimised total cost of ownership and maximised return on investment.
Options’ Senior Vice President, Tim Yockel, says: “We’ve been providing the financial
In a series of four articles for Hedgeweek in recent months, senior executives at Waystone provided expert analysis of the challenges and opportunities facing fund domiciles and asset managers at a time of change across the fund management sector in Europe and beyond.
Waystone, the global governance adviser, third-party management company and provider of specialist services to the asset management industry was formed by the merger earlier this year of DMS, MontLake and MDO. In its first article in October 2020, Why Cross-Border Fund Domiciles are transforming into Fund Management Hubs, Managing Director of Client Solutions, Daniel Forbes explored the post-Brexit
First Sentier Investors, a global asset management group, has integrated with FlowLink via multi-asset execution and order management systems specialist FlexTrade’s FlexTRADER EMS.
Digital asset investment products saw a fifth week of outflows totalling USD26 million, although the level of the outflows is lower than seen in either in May and June, according to the latest Digital Asset Fund Flows Report from CoinShares.
Following recent price rises, total investment product AuM is now back at USD5 billion, the highest level since mid-May.
Ethereum market share is again rapidly rising and now represents 26 per cent of investment products.
The number of funds/investment products listed has accelerated recently with a record 37 launched this year compared to the previous high of 30 seen in 2018.
Exegy Inc, a global specialist in low-latency market data and execution solutions, predictive trading signals, and hardware-acceleration technology, has appointed Craig Schachter as Chief Revenue Officer (CRO).
In this newly created leadership role, Schachter will be responsible for setting and leading the organisation’s global go-to-market strategy and execution, with a focus on superior business outcomes for the customer base.
Schachter comes to Exegy with over 25 years of experience as a sales leader in global software, data, and service companies. Prior to joining Exegy, Schachter was responsible for relationship management across SS&C Technologies’ Financial Services Group. He also held
Bitfinex, a digital token trading platform, has made BIT Mode on Satoshi available to the exchange’s user base, enabling customers to divide their holdings into the smallest units of a bitcoin.
SAT and BIT Mode is now available (1BIT = 100 Satoshis = microbitcoin). A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. Splitting bitcoins into smaller units is a means of facilitating smaller transactions.
“The launch of SAT Mode on Satoshi is fitting for an exchange that is a pioneer in the space that never forgets the ethos from which bitcoin was
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth.
Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports a wide range of SPAC scenarios. Vistra also provides leading entity expertise with over 200,000 entities under management, including Special Purpose Vehicles (SPVs).
“As we experience accelerated change across the business landscape globally, SPACs have picked up pace and continue to develop as an
