Solutions
Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company’s Quantitative Prime Services division has partnered with HPR to provide an ‘elite next-generation’ trading platform for clients.Through its collaborative partnership with HPR, Wells Fargo will provide custom trading solutions to its clients that are engineered on HPR products. In addition to launching its HPR engineered trading platform, Wells Fargo plans to offer clients access to additional HPR products, more details of which will be shared at a later date.
“HPR’s scale service architecture provides the flexibility to access solutions across the latency spectrum,” says Anthony D Amicangioli,
The hedge fund industry is dominated by men, with women and minorities controlling only a small fraction of US-based assets.Some financial observers say fixing this gender imbalance is long overdue. They bolster their argument with data showing hedge funds run by women have performed well in recent years, including during the pandemic, when they out-performed those managed by men.
“Embracing a culture of inclusion and diversity in an organisation is not just the right thing to do,” says Allison Nolan (www.athena.ky), founder and managing director of Athena International Management Limited and author of the upcoming book, Madam Chair, about
SS&C Technologies Holdings has signed on more than 150 clients to Eze Eclipse, SS&C Eze’s cloud-based front-to-back office investment management platform.
Galaxy Digital Holdings has acquired two cryptocurrency trading firms: DrawBridge Lending (DrawBridge), an specialist in digital asset lending, borrowing, and structured products, and Blue Fire Capital (Blue Fire), a proprietary trading firm specialising in market-making and two-sided liquidity for digital assets.DrawBridge and Blue Fire are both pioneers in applying their teams’ institutional expertise in traditional lending, structured products, futures, and market-making to the rapidly growing cryptocurrency derivatives and lending space.
“Galaxy Digital’s mission is to bring cryptocurrency to traditional finance and vice versa. DrawBridge and Blue Fire’s market-leading capabilities will enable us to further amplify our strong position as a
The European Energy Exchange (EEX) plans to launch cash-settled Gas Futures on the European Gas Spot Index (EGSI) as well as associated cash-settled Spark Spreads within the first quarter of 2021.Financial Gas Futures will be listed on the Dutch, Austrian and German market areas and will cover the whole curve from short term (Day Futures, Weekend and Week contracts) to longer term maturities (Month, Quarter, Season and Calendar Year). The launch of these cash-settled contracts will enable easier access to the European gas markets for financial firms who do not require physical delivery while at the same time allowing all
The first electronic SOFR versus Effective Federal Funds Rate (EFFR) basis swap compression trade has been executed on the Bloomberg SEF (BSEF). Read the full story at Institutional Asset Manager…
Buy-side derivatives market participants are now able to fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon.Read the full story at Institutional Asset Manager…
The shift to remote working as a result of the coronavirus pandemic proved to be the ultimate stress test for hedge funds’ cybersecurity and business continuity processes – but speakers at this year’s Hedgeweek LIVE Europe digital summit believe the industry has coped well with the unprecedented disruption.
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management (Pershing Square). Under the mandate, Northern Trust will support Pershing Square’s Guernsey, Cayman and Delaware domiciled funds.“Northern Trust has all the capabilities we were looking for in our administration partner,” says Pershing Square chief financial officer Michael Gonnella. “Northern Trust is able to execute the complex daily, weekly and monthly requirements for our funds and deliver seamless service across geographies and products.”
“We’re very excited to begin this relationship with Pershing Square,” says Jeff Boyd, chief executive officer, Northern Trust Hedge Fund Services. “We pride
The European Energy Exchange (EEX) has recorded its highest trading volume to date in Japanese Power Futures. Throughout the month of October, EEX achieved a total traded volume of 111 GWh, thereby setting a new monthly record.Having launched in May this year, trading volumes in Japanese Power have continued to build steadily with October reporting a significant increase in trading frequency with transactions being registered virtually every business day. In addition to an increase in trading frequency from already active players, October also saw a major upswing in the number of new trading participants from both the domestic market in
