Solutions
Flows into digital asset investment products slowed to their lowest weekly figure since October 2020 last week at just USD1.3 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Worries over bitcoin mining issues in Xinjiang, China, spooked the market, while the low inflows overall mask varied flows amongst digital assets. Outflows were primarily focused on bitcoin with USD21m being the largest weekly outflow on record.
Ether bucked the trend with investment product inflows of USD34 million. Inflows year-to-date of USD792 million represent 8 per cent of total AUM, while the recent rise in weekly inflows
Battea Class Action Services, a global expert in providing turn-key class and collective action antitrust and securities litigation recovery services, international litigation research and monitoring, has formed a new partnership with Apex Group.
For more than 20 years, Battea has been the industry leader and consulted as experts by multiple law firms in the US and Europe concerning how best to analyse the correlation between transactional and market events, locate data, including expert identification of different types of derivatives and FX transactions, as to implement the best process, weighting and allocation of settlements.
This partnership will provide Apex Group’s
Digital assets hedge fund BKCoin Capital has named Mark Treinkman as head of quantitative trading.
Treinkman was most recently at Pattern Capital Management, where he had been a software developer, portfolio manager, quantitative trader, and financial advisor focusing on small businesses, high net-worth individuals and independent RIAs.
He began his career in equities at Madison Proprietary Trading Group, before joining Chimera Securities as an equity trader, where he later shifted focus to quantitative approaches to trading capital markets.
New York-based BKCoin Capital, which manages around USD50 million, was co-founded in 2018 by ex-commodities and equities manager Carlos Betancourt and Kevin
Broadridge Financial Solutions has integrated global RegTech provider FundApps’ regulatory compliance technology with its buy-side portfolio and order management solution.
Broadridge’s clients will benefit from a unique regulatory compliance solution that addresses managers’ needs across shareholder disclosures, sensitive industry monitoring and position limit reporting, removing operational challenges in their search for alpha.
One Broadridge and FundApps client is BennBridge, a multi-boutique investment firm that strategically partners with fund managers.
“We deal across multiple global equity markets and, as a result, are continually faced with changes to regulatory compliance requirements that can create complex challenges. By using the FundApps solution, integrated
Global Digital Finance (GDF), the global cryptoassets and digital finance industry membership body which promotes best practices for cryptoassets and digital finance technologies, has appointed Carl Schonander as its Regulatory Affairs Director for the US and the Americas.
Read the full story at Institutional Asset Manager…
Blockchain-based derivatives trading platform CloseCross has expanded its management team with the appointment of Joseph Portelli as its first chairman.
Currently Chairman at the Malta Stock Exchange, he brings more than 35-years’ experience of the financial services industry to the fintech company which is planning to launch its trading platform in the first half of this year.
CloseCross, which has offices in London and Malta, has developed and patented its own derivatives trading platform for customers to invest without the involvement of major banks issuing derivatives or having to take on leverage. It was recently awarded a MIFID II licence,
Tether Operations Limited (Tether), the blockchain-enabled platform that powers the largest stablecoin by market capitalisation, has surpassed USD50 billion in market capitalisation as the pre-eminent stablecoin paves the way to power a new digital economy and future alternative financial system.
USDt is making waves beyond its native digital token space as the wider financial system recognises the monumental technological advance that the pre-eminent stablecoin represents. As the most liquid, stable and trusted stablecoin, USDt offers a faster, cheaper and more intuitive modern form of money.
USDt’s exponential growth – which has seen its market capitalisation grow by more than a
SteelEye, a compliance technology and data analytics firm, says it has completely revolutionised market abuse and communications monitoring with its innovative new lexicon technology.
Read the full story at Institutional Asset Manager…
Utopia Genesis Foundation, an organisation formed to support the ecosystem development around blockchain-powered music royalties platform, Utopia Genesis, has launched three new platforms geared towards artists and creators in the music industry.
Investment research solutions provider ResearchPool, has announced a strategic collaboration with IHS Markit, a specialist in critical information, analytics and solutions, to give access to ResearchPool’s advanced solutions for investment research, content discovery and management to IHS Markit’s customers – particularly institutional investors needing to manage sellside and independent research.
ResearchPool and IHS Markit share a vision to build a leading investment research community, including institutional investors, research providers and corporations. To advance this vision, IHS Markit is enabling institutional investors and research providers to connect to ResearchPool’s cloud-based platform that currently hosts two million-plus pieces of award-winning investment research
