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CME Group is to expand its suite of crypto derivatives with the introduction of a new Micro Bitcoin futures contract on 3 May, pending regulatory review.
Micro Bitcoin futures will be one-tenth the size of one bitcoin. The smaller-sized contract will provide market participants – from institutions to sophisticated, active, individual traders – with one more tool to hedge their spot bitcoin price risk or execute bitcoin trading strategies in an efficient, cost-effective way, all while retaining the features and benefits of CME Group’s standard Bitcoin futures.
“Since the launch of our Bitcoin futures contract in 2017, we have
In this latest podcast, we discuss how social media platforms are influencing asset managers, and how they themselves are them to improve client engagement and build brand awareness. The opportunities are huge… but so are the risks to getting it wrong.
RioDeFi, an ecosystem of financial products bridging traditional and decentralised finance (DeFi), has launched its DeFi incubation hub following three successful pilot projects that will bring greater blockchain interoperability and strength to the DeFi ecosystem in Asia.
Read the full story at Institutional Asset Manager…
Flows into digital asset investments remained positive last week at USD21 million but were the lowest since October 2020, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Coupled with lower investment volumes does imply that investor appetite for digital assets has waned in the recent weeks as volatility remains high and the price trades sideways.
Bitcoin received the largest inflows, but ether on a market capitalisation basis (as has been seen in previous weeks) remains more popular with inflows of USD5 million.
Volumes in digital asset investment products averaged USD788 million per day, compared to the
Sanne, a global provider of alternative asset and corporate administration services has become the first successful applicant to secure a much-anticipated specialised depositary licence from the Central Bank of Ireland. Obtaining this licence further enhances Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.
Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes that require a streamlined, independent specialised depositary to comply with all AIFMD obligations. The new licence expands Sanne’s already well-established product offering to cater for Irish domiciled closed-ended funds.
Dermot Mockler, Director, Alternative Assets at Sanne, says:
Dark Forest Capital Management, a systematic hedge fund, is to use the LeverData platform to centralise the onboarding and daily ingestion of data to facilitate the firm’s investment process.
While many quantitative and fundamental hedge funds wrestle with the process of consuming massive amounts of data on a daily basis, Dark Forest chose to partner with LeverData to manage this process.
“The process of bringing in data from multiple disparate sources on a regular basis is not easy,” says to Michael DeAddio, Chief Operating Officer at Dark Forest. “If data doesn’t arrive on-time and error-free, trading and other risk management
StoneX Financial, a subsidiary of StoneX Group, has been named as one of the top three Rubber and Electricity General Clearing Members (GCM) at the 2020 SGX Commodities Awards.
The SGX Commodities awards are designed to honour the GCMs, inter-dealer brokers, and traders who have attained the highest cleared and traded volume achievements in 2020.
StoneX became one of the select group of non-bank clearing and trading members of SGX after acquiring the Singapore based Futures and Options brokerage and clearing business of UOB Bullion and Futures Ltd in the fall of 2019. The Company has since been specifically
The soaring price of bitcoin is putting the world’s foremost cryptocurrency on a direct collision course with ESG-focused investments, as allocators increasingly want portfolios to be managed responsibly, says Robert Furdak, chief investment officer for ESG at Man Group.
The two major investment trends looming large over the hedge fund and asset management world – bitcoin’s stratospheric surge and investors’ rush towards responsible investing across all mandates – are now set for a “head-on clash”, Furdak said.
Hedge funds are continuing to profit from the ongoing surge in the cryptocurrency sector, as more managers pour money into digital assets’ record
FX HedgePool, a matching engine for mid-market execution of FX swaps, has completed its first match aligned with International Monetary Market (IMM) dates.
With this initial transaction, which involved BNP Paribas and Standard Chartered Bank as the credit providers to the buy-side counterparties, FX HedgePool is introducing discrete FX matching sessions based on each quarterly IMM date.
Most buy-side participants hedge their foreign currency exposures on their bond and equity positions either monthly or quarterly. FX HedgePool conducts an end-of-month roll that allows passive hedgers to provide liquidity directly to each other. By adding a quarterly cycle in line
JonesTrading Institutional Services (JonesTrading) has appointed industry veterans Chris Macaluso and Jon Everett to its European and US outsourced trading teams, respectively.
The moves come after a year of tremendous growth for the firm, and will further augment JonesTrading’s award winning outsourced trading offering.
Macaluso’s hire continues the expansion of JonesTrading’s European outsourced trading business, which has seen significant growth following the hiring of Peter Sellers in 2019. Macaluso was recently Head of Equity Sales Trading at Handelsbanken Capital Markets. He also held buyside trading roles at Putman, Soros and Lucerne. Macaluso is based in JonesTrading’s outsourced trading headquarters in Charleston,
