Solutions
Tether Gold (XAU₮), a digital asset providing ownership of physical gold (XAU) custodied in Switzerland, is now available on Celsius Network, the industry-leading cryptocurrency interest-earning platform and mobile app. Celsius Network’s decision to support XAU₮ will give holders the monumental opportunity of being able to earn a positive yield on holding the world’s oldest store of value. Each XAU₮ token is backed by one fine troy ounce of gold on a physical bar of gold held in a vault in Switzerland. XAU₮ holders will be able to deposit their holdings to the Celsius wallet and earn up to 3 per cent
A major new standalone operation in the quant-driven, discretionary global macro space has gone live with the spin-out this month of Maniyar Capital Advisors (MCA) from Tudor Investment Corporation.
In collaboration with Bplus and BitSG Labs, blockchain technology provider ChainUP has launched the first legally compliant crypto exchange solution in Singapore. This one-stop solution meets MAS (Monetary Authority of Singapore) requirements, MAS being Singapore’s de facto central bank and regulator of the financial sector.
Since establishing in 2017, ChainUP has developed 8 mature product lines –
whitelabel crypto exchange solution, situational awareness system, wallet system, blockchain cloud media, mining pool, public and alliance chains, liquidity and broker. Three independent subsidiary brands have also been created – EXUP, a financial derivatives platform, BitWind, an exchange liquidity provider and HiCoin, a crypto
ventus Systems, a global trade surveillance and risk management software platform provider, has made appointed of four seasoned finance, market and technology professionals who collectively bring 80 years of experience to key positions.
Certain absolute return multi-asset strategies which offer all-weather return profiles have withstood the recent market turbulence, delivering “impressive” capital preservation which bodes well for future investor appetite, according to Bfinance.
Multi-asset absolute return funds lost some 2.1 per cent on average during last month’s turmoil, a “rather modest” slide compared with investment grade credit and absolute return fixed income strategies, which tumbled some 7 per cent, and the MSCI World index, which lost more than 20 per cent, said Chris Stevens, director, diversifying strategies at Bfinance.
“While most asset managers in this space lost money during an extremely testing first
Pershing Square CEO Bill Ackman’s “very negative view” and “good sense of timing” powered the firm’s stellar USD2.6 billion gain last month but the high-profile activist hedge fund manager does not fear a protracted 1930s-style depression as a result of the Covid-19 shutdown.
Singapore-based companies CACHE, a provider of fully-redeemable digital assets backed by gold, and Onchain Custodian, a digital assets custody service provider backed by Fosun, Sequoia and DHVC, have formed a strategic partnership to enable the insured safekeeping of gold-backed tokens. Onchain Custodian has securely integrated the CACHE blockchain infrastructure so that its existing customers can invest in a gold-backed digital asset while allowing existing and future CACHE token investors to safeguard their assets in a secure and insured way. CACHE will promote the use of Onchain Custodian services to institutional and qualified investors interested in managing their CACHE token holdings with
BMLL Technologies, a data engineering and analytics firm, has built a Derived Data desktop application on OpenFin’s OS. The application will provide buy-side users with access to market metrics created from the most granular Level 3 order book data, to analyse and visualise their portfolio over time. Specifically, the tool will enable traders, portfolio managers, risk and compliance officers to gain a deeper understanding of the liquidity profile and risk of their portfolio and associated trades. They are now able to screen for, highlight, view and compare market quality metrics in order to measure and improve their execution performance and assist
Horizon Software announces outsourcing contract for market making on the Hellenic Energy Exchange Market.PPC, a leading energy supplier in Greece, is now able to market make energy futures on the Hellenic Energy Exchange (HEnEx) leveraging the infrastructure of an existing Horizon Software client, Eurobank.
PPC recently decided to start market making energy instruments on the sole energy exchange entity of Greece, HEnEx, for which they needed a robust solution for reduced latency and increased connectivity.
Alexandra Psyrri, Head of Market Making Unit at PPC, says: “We were preparing to start market making energy futures and went through a
Intercontinental Exchange has launched ICE Select, an application which provides connectivity to the entire ICE Fixed Income ecosystem, including the ICE Bonds execution platforms and ICE Data Services evaluated pricing and analytics. ICE Select has also been integrated with leading order management systems, enabling further integration into important trade desk workflow. Customers will also have access to liquidity and execution protocols from ICE Bonds via the ICE ETF Hub later this year.
“At a time when the industry is experiencing more day-to-day volatility, complexity and uncertainty, our customers need sophisticated trading tools that provide access to liquidity across fixed income markets,”
