Solutions
Tassat, a global provider of financial technologies and products for digital payments and digital exchange, has appointed
Krishna Prasad has been appointed as CEO of Tassat a provider of financial technoly and products in the digital assets exchange sector.
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Portfolios built around value-based positions may be primed for a “significant” rally following the sustained global stock market slide, according to strategists at Man Group.
Global trade surveillance and market risk software platform provider Eventus Systemsn has made its first key hire in London with the appointment of Roger Chandler as Senior Sales Engineer, Europe.
The UK’s Financial Conduct Authority last night (23 March) ruled out a ban on short selling, as many major hedge fund firms continue to weigh in with bearish bets to capitalise on the recent global market turmoil.
The UK market watchdog said on Monday there is “no evidence” that short selling – a core component of most hedge fund strategies – had driven recent market falls, adding aggregate net short selling activity is low as a percentage of total market activity and has decreased in recent days.
The notice comes as many well-known hedge fund firms including as Crispin Odey’s
Bitfinex has launched Shimmer, a new proprietary surveillance tool aimed at combating market abuse identifying suspicious trading practices on the digital asset exchange.
Bank of China has launched DeepFX, an artificial intelligence-based foreign exchange trading signal prediction application through Eikon, the first released third-party Eikon app from a China based financial institution.DeepFX was developed by the Digital Asset Management Department of Bank of China using deep learning technology to predict the short-term price movements of major foreign exchange currency pairs. The app covers six currency pairs including EURUSD, AUDUSD, GBPUSD, USDCAD, USDJPY and USDCHF, and is ideal for traders, quant developers heads of fintech innovation and data scientists.
The ‘Lite’ version released provides a five-minute interval real-time FX trade signal forecasting service, while displaying back-test
Sudrania Fund Services Corp (Sudrania) has released Seamless Impact, the latest version of its flagship fund administration platform, Seamless Investment Backoffice. Seamless Impact has been tailored to the needs of funds in the impact investment space – Community Development Financial Institutions (CDFI) as well as Environmental, Social and Governance (ESG) investments.
Sudrania says impact investments are in need of more technology. Many funds have large transaction volume for small investment amounts. In the past, this posed an issue of making fund administration very expensive relative to socially conscious investment mandates. However, with the use of technology, Sudrania can now offer fund
Algebris Investments, Davide Serra’s multi-asset class hedge fund firm, says markets are “ripe with opportunities”, and is now preparing to deploy its “dry powder” liquidity in a range of asset classes it sees as benefiting from future fiscal stimulus and persistent low interest rates.
Alberto Gallo, portfolio manager of the firm’s macro credit-focused Algebris Macro Credit fund, believes current dislocations offer value for investors taking a long-term view.
“Even though the virus spread may lead to a recession, price discounts across most asset classes provide a large cushion for negative scenarios,” Gallo said, adding markets “are now ripe with opportunities.”
Sterling Trading Tech (STT) has appointed Tim Macek as Director of Technical Operations and Infrastructure. Macek brings over 25 years of IT experience spanning development, infrastructure operations and management in various roles.
MJ Hudson has acquired Meyler to create an expanded transatlantic marketing services offering for alternative assets fund managers.
