Solutions
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
State Street Corporation has launched State Street MediaStats Central Bank Indicators and State Street MediaStats Thematic Indicators – two new quantitative investment insights derived from digital media. The new indicators collect unstructured data from tens of thousands of curated media sources to quantify market behaviour with respect to price and risk across interest rate yields and foreign exchange.
“The tone of central banks influences the way investors behave,” says Rajeev Bhargava, head of the Investor Behavior Research Team at State Street Associates. “Academic research shows that monetary tones may play a vital role in asset pricing and help anticipate changes
Acuity Trading is expanding its team with the appointment of Vladislav Novopoltsev as a Product Manager and Gustavo Avalos as a Data Scientist. As a Product Manager Novopoltsev will be based in Acuity’s Spanish office in Barcelona where he will utilise his previous experience of financial newswires, machine learning algorithms and Natural Language Processing (NLP) to optimise the performance of Acuity’s suite of products while ensuring the company’s global clients can access both excellent products and exceptional customer service.
“Acuity Trading’s goal is to solve some unique problems for the customers (be it brokers, investors, or market professionals) using AI technology
SoftSolutions, a high performance multi-market fixed income trading technology provider, has launched the next generation of its nexRates solution, a fully integrated electronic trading as a service platform for secondary markets. nexRates can now be delivered over the cloud in addition to the well-established nexRates on-premise solution.
The industry is confronted with major challenges ranging from margin pressure, capacity for handling market volatility and the need for trading teams to work seamlessly from multiple locations. In response, the nexRates cloud-hosted solution presents fixed income traders with greater accessibility to fully-featured trading platforms, ensuring business continuity and resilience, in a cost-effective way.
The second panel of this year’s HedgeweekLIVE Europe summit focused on how evolving trends in outsourcing are changing hedge funds’ operating models.
As the world’s second-largest cryptocurrency, ethereum witnessed impressive growth in 2020. Since the beginning of the year, the ctyptocurrency’s price price surged by a remarkable 230 per cent, drawing more and more attention from investors in times of economic uncertainty caused by the Covid-19 outbreak.According to data presented by AksjeBloggen.com, ethereum was the most traded cryptocurrency in the third quarter of 2020, with 1.1 million average daily transactions, 3.5 times more than bitcoin.
As the world’s leading cryptocurrency, bitcoin witnessed over 319,000 average daily transactions between June and September, revealed the CoinMetrics data. Other leading cryptocurrencies saw less than a
Crux Informatics (Crux) has partnered with Google Cloud to make it easier for Crux’s data suppliers to provide their data to customers. The Crux data catalog, which comprises thousands of datasets from over 100 traditional, alternative, and public data suppliers, will facilitate easier and faster data delivery to joint customers at no incremental charge.
Crux will enable delivery of authorised data sets directly into each client’s Google BigQuery environment, and will provide 24×7 monitoring, support and maintenance of all data pipelines into the clients’ Google Cloud environments.
Data provisioned via Crux will be clean, actionable and analytics ready, enabling Google Cloud
CME Group has launched what it says is the industry’s first tool to compare FX listed futures and spot liquidity on one screen – FX Market Profile.The new tool, powered by Quant Analytics, a comprehensive FX analytics platform owned by CME Group, allows market participants to analyze trade flows and calculate execution efficiencies by benchmarking their performance against CME’s listed FX futures and EBS’s spot trading markets.
“Synchronising and displaying two of the largest primary FX markets side by side on a single platform highlights the complementary nature of the EBS spot and listed FX liquidity pools,” says Paul Houston,
