Solutions
Lacero, a governance technology provider for digital assets, has launched FlowOS, offering advanced transaction control and permissioning. FlowOS is now live with major cryptocurrency liquidity provider B2C2.FlowOS enhances existing wallet and custody solutions, giving users direct, independent control of their policies, procedures and rules. A radically different solution, it is the first platform to leverage blockchain technology to create a decentralised, immutable security architecture by constructing policy from independently certified smart contracts.
Introducing real-time governance, traceability and auditability, it makes it impossible to substitute, manipulate or circumvent approved policies and procedures, and enables reliable exception-based processing with a combination of
Singapore-based consultancy ComplianceAsia Consulting has launched iLearn, an online portal which provides compliance training programmes for Singapore’s asset managers, in partnership with the Investment Management Association of Singapore (IMAS).
As global economies re-emerge from the coronavirus lockdown, Hedgeweek rounds up a range of views from across the hedge fund spectrum on how the so-called ‘new normal’ may shape investment opportunities…
After the successful start of the Nordic Intraday markets end of May, the European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) successfully launched their Day-Ahead markets in Denmark, Finland, Norway and Sweden, completing their offering in the region.
This was enabled through the Nordic Multi-NEMO Arrangements (MNAs) implemented on 3 June which was also the first trading day.
During the first two days, 890 MWh were traded in the new Day-Ahead markets. The Day-Ahead auction is coupled via the Multi-Regional Coupling which secures one single price in the Nordics, now that EPEX SPOT is active
At a time when global stock exchanges are experiencing intense volatility and speculative, high-volume trading as the Covid-19 pandemic impacts equities markets, Transaction Network Services (TNS) has reported its North American backbone network recorded zero packet loss during the highest market data volume periods it has ever seen.
This means no TNS customers’ trades were lost and critical market data was not dropped or delayed.
“Trading firms rightfully hold their service providers to high standards, and while in recent months every provider’s network has been tested by some of the most extreme market conditions possible, TNS has passed with
Crypto asset insurance company Evertas says crypto investment firms and exchanges could fail to meet the insurance requirements set by regulatory bodies because of a lack of capacity from insurers for covering these assets and a poor understanding of the risks associated with them. Evertas has analysed Hong Kong’s Securities and Futures Commission (SFC) announcement at the end of last year on its new licensing scheme on virtual asset exchanges and its insurance requirements and believes insurers and brokers do not have the knowledge, experience or systems to effectively meet these.
SFC insurance requirements for virtual asset exchanges and investment firms focusing on cryptoassets include:
• In respect of the custody of client virtual assets, a Platform Operator should ensure that an insurance
Capitalab, a division of BGC Brokers, has completed the execution and subsequent compression of Capitalab’s first swaption margin optimisation trades leveraging LCH SwapAgent, a service for the non-cleared derivatives market. As part of Capitalab’s leading Rates Initial Margin Optimisation service, swaption notional was created between Nomura and Deutsche Bank and processed by LCH SwapAgent.
The package comprised over a thousand bilateral swaptions and cleared swaps and was successfully compressed in Capitalab’s subsequent margin optimisation cycle, with full straight-through processing provided via MarkitSERV.
LCH SwapAgent trades are the latest products to be eligible for Capitalab’s offering for Initial Margin Optimisation. This expansion
FundRock Management Company (FundRock), a European third-party UCITS Management Company (ManCo) and Alternative Investment Fund Manager (AIFM), has been confirmed as the biggest third-party ManCo in Luxembourg in PwC Luxembourg’s latest annual survey.The rankings measure the size of third-party ManCos by assets under management (AUM). FundRock, which oversees almost 400 UCITS and alternative investment funds in Luxembourg with a total AUM of EUR67.9 billion (as of 31 December 2019), rose to the top of the rankings after recording a 57 per cent increase in AUM last year, attributable to organic growth and the acquisition of SEB Fund Services at the
Decentralised exchange DeversiFi is relaunching as DeversiFi 2.0, integrating StarkWare’s zkSTARK layer-2 scaling technology to cater for high-speed, instant settlement and deep liquidity for professional cryptocurrency traders.
This new integration enables traders to trade at lightning speed and with deep aggregated liquidity, directly from their privately owned cryptocurrency wallet.
“This StarkWare integration will transform the functionality of DeversiFi 2.0. The solutions born out will address the key issue of scalability – but without the usual traditional sacrifices of liquidity, speed, settlement and fees,” says Will Harborne, Co-Founder and CEO of DeversiFi.
With DeversiFi 2.0, traders will now have access to
Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value
Pictet chief strategist cautious on equities rebound, warning on UK as materials and Japan offer value