Solutions
By A Paris – Business continuity plans are not generally lauded and many are often relegated to a proverbial dusty shelf while still remaining an important element of a business. The Covid-19 crisis has however thrown fund manager BCPs into the foreground and put them to the ultimate test. This baptism of fire has also caused some to re-evaluate their mode of working, with flexible working options, less travel and more video conferencing likely to form part of firms’ modus operandi going forward.
The sudden shift to remote working has seen groups with a robust digital infrastructure manage the transition successfully. One
Bitfinex, a state-of-the-art digital asset trading platform, has integrated Tether (USDt) into the OMG Network, a platform that enables peer-to-peer transactions in real-time, in an initiative that enhances the scalability of the Ethereum network.The integration of USDt onto the OMG Network will result in a reduction of confirmation times delivering faster payments while fees will be reduced without compromising on-chain security. USDt deposits and withdrawals on the OMG Network will be enabled via the Bitfinex platform.
“Today, we’re excited to announce the launch of the OMG Network that supports thousands of transactions per second at a third of the cost
Athena Systems announced new versions of its Spark Investment Management platform to meet the needs of several growing capital markets segments that are underserved by the current vendors and systems.The four new product offerings are aimed at hedge funds, institutions, brokers, and outsourced trading desks.
“We have updated and re-organised our Spark product to help several different players on both the buy and sell-side of the street,” states Scott Sykowski, Director of Research at Athena. “For example, many order/position management system (OMS/PMS) vendors were forcing users into their ‘one-size-fits-all’ way of thinking about analysis, strategies and workflows; this is clearly
AcadiaSoft, a provider of Risk and collateral management services provider AcadiaSoft has announced a soft launch to help Phase 5 firms comply with the extended 2021 deadline for Uncleared Margin Rules (UMR).
BiKi Group’s BiKi Industry Fund has made a strategic investment of USD3 million to Kmex, a contract trading platform.In early March, BiKi Group announced its expansion into the contract business to provide users with a one-stop trading experience, combined with other existing products and services. This astute move will further develop and advance BiKi’s mission to ensure a simple and smooth contract trading experience for platform users.
The BiKi Industry Fund is the investment arm of BiKi Group, with a mission of supporting excellent blockchain entrepreneurial teams to form an upstream and downstream collaboration within the BiKi ecosystem. In 2020,
JP Morgan’s Securities Services and Bloomberg are collaborating on a solution that transforms the post-trade workflow through direct front-to-back process, product, and data integration. Bringing together Bloomberg AIM, a leading Investment and Order Management System, with JP Morgan’s cutting edge back office technology and operational expertise, it provides a seamless and fully-integrated real-time settlement process that mitigates buy-side clients’ operational costs. The offering is now live and in production with the first joint Bloomberg and JP Morgan’s Securities Services client and is being made available to other buy-side clients.
Clients can achieve real-time post-trade workflows, enriched with custodian data, while operating
Northern Trust has entered into a strategic alliance with BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients. These new capabilities, delivered through Aladdin, BlackRock’s investment management and operations platform, provide clients with increased efficiency, interoperability and transparency across the back, middle and front office.
The relationship with BlackRock currently supports mutual clients and is an extension of Northern Trust Whole Office, an approach that integrates Northern Trust’s global asset servicing platform with innovative partners, facilitating client access to new technologies, services and solutions.
“Our Whole Office ecosystem delivers global asset owners and asset managers scale, efficiency, flexibility
The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) have launched their Intraday continuous trading and clearing services in Denmark, Finland, Norway and Sweden. The first dat of trading was 25 May.During the first two days, 5,754 MWh were traded by six exchange members in all 12 Nordic bidding zones. A total of 1,342 orders were submitted in the same period. The markets are coupled via the pan-European Single Intraday Coupling (SIDC, formerly XBID). Daily market results are updated on the EPEX SPOT website.
Based on the most advanced trading standard offered in the region
IronFX has set its sights on streamlined withdrawals for forex traders at its new research and development centre, which is set to open in Mumbai.
Read the full story at Institutional Asset Manager…
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, and TriOptima, an OTC derivatives market infrastructure specialist, have teamed up to deliver an end-to-end repo workflow solution, providing full automation across the lifecycle of a repo trade.
Connecting the BrokerTec Quote dealer-to-client Request for Quote (RFQ) trading platform with triResolve enables clients to enrich a trade from the point of execution with a unique trade identifier (UTI), before sending it for reconciliation. This means firms can more easily track and correct any back-office trade and evaluation mismatches in client systems, before reporting the trade
