Solutions
The World Federation of Exchanges (WFE), the global industry group for exchanges and CCPs, has welcomed the decision to end the short selling bans introduced across Europe and commends authorities’ efforts to return to normal operations of fair and orderly markets in the region.This morning ESMA confirmed the welcome decision that those member states who had implemented a short-selling ban would not be renewing, and instead withdrawing, those restrictions as of midnight (CEST) 18 May, 2020.
The WFE’s paper – What does academic research say about short-selling bans? – finds that the academic evidence almost unanimously points towards short-selling bans being disruptive for the
The benefits of digitalisation in the public and private markets are being explored by market infrastructure company The Depository Trust & Clearing Corporation (DTCC), to see whether new technologies can strengthen post-trade processes.
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Outsourced trading solutions provider Tourmaline Partners has received a majority investment from Copley Equity Partners, a private investment firm that focuses on established businesses with significant growth prospects.
The European Energy Exchange (EEX) has launched a new clearing offering for Japanese Power Futures, marking an important milestone for EEX’s Power Derivatives portfolio and the Asian buisness of EEX Group as a whole. The first trade totalled a volume of 11,040 MWh and was concluded by the power utility companies, Tohoku EPCO Energy Trading Co and ENGIE Global Markets with brokering services provided by the Japanese commodity brokerage firm, enechain Corporation.
Peter Reitz, Chief Executive Officer of EEX, says: “Today is certainly a landmark day for EEX. This new product offering for Japan represents the first Asian market area on
Trading Technologies International (TT), a provider of high-performance professional trading software, infrastructure and data solutions, and Zhengzhou Esunny Information Technology (Esunny), a Chinese trading platform provider and a wholly owned subsidiary of the Zhengzhou Exchange, have formed a strategic partnership to develop a joint technology solution that connects Trading Technologies’ TT platform and Esunny’s platform. The linkage of the two platforms will provide an infrastructure for both international brokers and the global trading community to access Chinese derivatives markets, including the China Financial Futures Exchange (CFFE), Dalian Commodity Exchange (DCE), International Energy Exchange (INE), Shanghai Futures Exchange (SHFE) and Zhengzhou Commodity
WorldCoinIndex has launched a cryptocurrency derivative market data platform.Launched in 2014, WorldCoinIndex has been serving the cryptocurrency community for over six years. Over this timeframe, the cryptocurrency ecosystem has developed at a rapid pace, and it doesn’t seem to be slowing down. Many new exchanges have joined the business, whereas a variety of new products and services from the traditional financial markets have entered the cryptocurrency space.
Digital currency derivatives represent such an example, given their status as a high-potential and innovative development on the market.
WorldCoinIndex aggregates information of daily trade volume and open interest from over 900 cryptocurrency
With the broader hedge fund industry facing multiple challenges around rising costs, squeezed profits, and a shifting regulatory backdrop, the prime brokerage sector will need to juggle future disruptions and sweeping changes in client activity as a result of the coronavirus pandemic.
BEQUANT​, a global provider of cryptocurrency and digital asset services for professional traders and institutions, has launched BEQUANT PRO, a prime brokerage platform.BEQUANT PRO​ is now available after an extensive beta period that incorporated feedback from hedge funds, family offices, and other asset managers; financial firms, over-the-counter (OTC) desks, exchanges and other market participants. It is the first of its kind in the digital asset space and brings to market a breadth of services that previously were unavailable in a one-stop-shop solution.
“As digital assets emerge further into the investing world’s consciousness, it has become apparent that institutional-grade solutions are
Digital asset trading platform FalconX has secured USD17 million in financing from investors including Accel, Accomplice VC, Coinbase Ventures, Fenbushi Capital, Flybridge Capital Partners, Lightspeed Venture Partners, and Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments. The funding will be used to introduce new products, expand FalconX’s trade execution suite and scale infrastructure to support growing institutional demand for cryptocurrency.
“We’re entering an era defined by the true digitisation of value – whether bitcoin, ethereum or new experiments such as libra, or digital yuan – much like what we saw in the
JonesTrading Institutional Services has named Andrew (Andy) Volz as Chief Operating Officer, to oversee the global operations of the firm, across all divisions. Volz reports to Alan Hill, JonesTrading’s CEO.Over the course of the last several years JonesTrading has expanded significantly beyond its core trading offering in equities and derivatives. The firm has built Prime Services and Outsourced Trading, Investment Banking/Capital Markets and the recently established Private Markets. As Chief Operating Officer, Volz is responsible for the daily global operations of JonesTrading’s businesses and will work closely with the Executive Committee and Board of Directors on strategy for continued growth.
