Solutions
Digital asset investment products saw another quiet week last week, with minimal net inflows totalling USD2.9 million, according to the latest Digital Asset Fund Flows report from CoinShares.
After a few weeks of inflows into bitcoin outflows have now been seen for the last two weeks, with outflows last week totalling USD10.4 million.
Ether saw its third consecutive week of inflows, with last week’s inflows totalling USD11.7 million.
Volumes in bitcoin fell to just 38 per cent of the year-to-date average, totalling USD3.9 billion per day last week.
Man Group has selected corfinancial’s treasury solution, Salerio, to manage the firm’s foreign exchange confirmation, settlement and netting processing.
Man Group uses Salerio to automate the management of securities post-trade processing and is expanding the use of Salerio to incorporate automation of foreign exchange processing. The investment management firm’s international growth has relied increasingly upon Salerio, which automates key middle office processes.
Salerio will also support Man Group’s CLS (Continuous Linked Settlement) netting – a standardised, automated bilateral payment netting service.
Richard Craske, Change Management Specialist at Man Group, said: “We have been a long-term user of Salerio
The Alternative Investment Management Association has published a new paper on diversity, equity and inclusion (DEI), setting out practical measures outlining how asset managers and other firms can be betters allies to colleagues from minority or underrepresented groups.
Professional investors believe the boom in cryptocurrency trading has further to run with nearly one in three expecting the level of trading to increase dramatically over the next 12 months, new global research from blockchain-based derivatives trading platform CloseCross shows.
Read the full story at Institutional Asset Manager…
CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, welcomes changes to the FX Global Code (the Code) which place greater emphasis on the use of payment-versus-payment (PvP) settlement mechanisms where available, and provide more detailed guidance on the management of settlement risk where PvP settlement is not used.
Read the full story at Institutional Asset Manager…
Enhancing the productivity and efficiency of its trading and portfolio management solution for its asset management clients globally, Broadridge Financial Solutions is to utilise OpenFin’s operating system for financial desktops.
Sophia Chelli Herman has joined Argentium as a Principal and Head of Trading. Herman has more than 25 years’ experience in financial markets.
She started her career at BNP in Paris, working in the research and development team on options modeling and trading management software for the Fixed Income desk. She then moved to London where she worked for NatWest, Bankers Trust and then JPMorgan on the Fixed Income swaps desk. In 2000, she transferred to JPMorgan Tokyo where she was responsible for the exotic equity derivatives trading team.
More recently, Herman moved with her family to New York
Options, a provider of cloud-enabled managed services to the global capital markets, is to facilitate access to Cboe Europe Derivatives, a new Amsterdam-based equity derivatives exchange being launched by Cboe later this year.
This access will be available to clients in addition to Options’ existing connectivity to Cboe’s US and European equities markets.
By connecting to Cboe Europe, one of the largest and truly pan-European stock exchange operators, Options will be able to provide its clients with ultra-low latency access to both market data and order routing services via Cboe’s data centres in Equinix’s LD3 and LD4 campuses. The extension
Reitler Kailas & Rosenblatt LLP, a full-service boutique law firm, has opened its first West Coast office in Los Angeles, California.
Read the full story at Private Equity Wire…
Barry Goodman, co-CEO of quantitative investment manager Millburn Ridgefield Corporation, outlines how the firm is aiming to build on its successful 50-year track record with a new strategy that includes exposure to global, Chinese and thematic commodity markets. And as ever, a combination of human experience and the ‘power of the machine’ will be key…
