Solutions
The Depository Trust & Clearing Corporation’s (DTCC) Margin Transit Utility (MTU) community has grown to 50 firms representing thousands of Credit Support Annexes (CSAs), with users including leading dealer and buy-side organisations around the world.Given today’s volatile markets and the increase in margin call demands, coupled with the final phases of uncleared margin rules (UMR) rules for over-the counter (OTC) derivatives, an increasing number of firms are actively looking to replace manual margin call processes with automation. By automating the margin call process, MTU enables firms to efficiently validate, enrich, settle, report and monitor matched collateral calls globally while connecting
Qunathouse is partnering with EliData to integrate 145 exchange data feeds into EliData’s Smart Order Router (SOR) delivering arbitrage and execution capabilities.Read the full story at Institutional Asset Manager…
Enigma Securities, a crypto liquidity provider focused on electronic execution services, has partnered with algorithmic trading software company AlgoTrader. Enigma will also be joining AlgoTrader’s recently launched WIRESWARM platform, an advanced order and execution management platform allowing financial institutions to trade at multiple regulated crypto liquidity venues.
Despite recent advances, the cryptocurrency industry still lacks a robust institutional trading infrastructure and the market remains highly fragmented. Interested investors are required to fund several different accounts at multiple platforms and exchanges, which inevitably leads to poor price discovery and trading execution, as well as a loss of time and capital. Through the
The largest global clearinghouses (CCPs) demonstrated the resilience of their credit and liquidity profiles in early 2020 despite a spike in market volatility and unprecedented operational disruptions driven by economic fallout from the global pandemic, Fitch Ratings says. The broad introduction of central clearing, promoted by post-2008 financial crisis regulations, helped preserve the orderly functioning of and confidence in global CCPs amid the coronavirus turmoil. However, the magnitude and disparity of margin increases also highlighted the risk of increased pro-cyclicality and interconnectedness of the markets, which could drive further regulatory scrutiny.
In 1Q20, the number and aggregate value of margin breaches
Jersey Finance is expecting an increase in fund migration to the island following an amendment to the Limited Partnership (Jersey) Law 1994.Read the full story at Private Equity Wire…
ABN AMRO Clearing has completed its first commodity futures trade in China, a crude oil futures transaction for an existing client.Currently approved as an Overseas Intermediary Broker by the Shanghai International Energy Exchange (INE) and Dalian Commodity Exchange (DCE), the company expects to steadily expand its China service offering in support of our client demand.
Due to high trade volumes in China’s commodities market and its growing role as a price-setter, many of ABN AMRO Clearing’s existing internationally-based clients are eager to participate, particularly proprietary trading firms and corporate hedging firms. International investors, free to settle trades in USD or
Truss Edge, a provider of technology and automation solutions to the global hedge fund and ETF management industry, has made further enhancements to its services to help fund managers whose staff are working remotely.“We continue to follow our roadmap of enhancing features of our software that deliver real improvements in our clients’ operating environment,” says Truss Edge CEO Jay Duffy. “The advent of the Covid-19 pandemic has created a demand for new security features for funds that are now seeing their staff working in a much more dispersed manner, and we have addressed some of those needs.”
The enhancements also
BlueBay Asset Management, the London-based fixed income and emerging markets manager, is warning the recent uptick in economic activity could give way to “a more difficult backdrop” in August, as the future direction of the global economy continues to hinge heavily on developments surrounding a potential coronavirus vaccine.
BlueBay chief investment officer Mark Dowding said recent economic data showed a “more rapid bounce” during May and June than many predicted following the Covid-19 lockdown.
“We believe that in Europe this momentum may carry over into July data; conversely, in the US we believe that a dip is more likely when
Arrano Capital, the blockchain arm of Venture Smart Asia Limited, has licensed the MVIS CryptoCompare Bitcoin Index (MVBTC) for its recently launched bitcoin fund.
Read the full story at Institutional Asset Manager…
In part one of this article series, entitled Alphabet Soup, three key themes were discussed in relation to the global regulatory environment investment managers must navigate: 1) Uncertainty, 2) Accountability and 3) Increased Scrutiny.
As the complexity of meeting compliance continues to grow, investment managers are looking at how best to tackle data management, improve workflow efficiency and ensure good governance, particularly those who operate across multiple jurisdictions.
Headcount not the solution
Many firms are resigned to simply throwing money at the problem. While understandable, this is not sustainable. A more strategic approach, one that leverages technology, can not
