Solutions
EquiLend, a global technology company for the securities finance, collateral and swaps industries, has launched its new Collateral Trading service globally, following an intensive pre-testing phase.Clients from the Americas and Europe are now active on the service, with users in Asia set to join in April. Many of these counterparties were involved in the EquiLend Collateral Trading Working Group, which was formed in July 2019.
EquiLend Collateral Trading offers funding and financing desks a centralised way to execute and manage trade structures with their counterparties. The new workflow supports collateral trade negotiation, execution and management of lifecycle events, such
genesis, the international capital markets software firm, has appointed Felipe Oliveira as Global Head of Sales & Marketing, following a sustained period of growth and investment. Oliveira will be instrumental in delivering genesis’ mission to help the capital markets community innovate at speed. genesis works with a wide range of financial institutions including buy-side, sell-side, execution venues and clearing houses, providing a Low Code Application Platform, built specifically for capital markets. The platform enables the creation of products and solutions without having to write substantial lines of code, making the development of solutions much faster and much simpler. It is the
IOWArocks, a new “one stop shop” for data, has added Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, to its marketplace. Jonathan Bloch, Chief Executive Officer, EDI, says: “Driven by the need to reduce costs, coupled with wanting more choice and control, many of our clients are looking beyond the major data providers in order to acquire the data sources they require. This is particularly relevant for smaller or niche firms who are new to the data business and require specialised or more limited data sets.
“Through the IOWArocks marketplace we can now provide
EEX Group has successfully completed the migration of Freight Open Interest from Nasdaq Futures (NFX) to European Commodity Clearing (ECC), EEX Group’s clearing house. Following the third and final matching session, a total of 143,784 lots of Freight Open Interest, which equates to approximately 90 per cent of the entire NFX Freight portfolio, has been migrated from NFX’s clearing house Options Clearing Corporation (OCC) to ECC.
Peter Reitz, EEX Chief Executive Officer, says: “The NFX Freight migration is certainly a watershed moment for EEX Group’s freight business and one which has helped us realise our strategic ambition to become a major
Sky Seal Capital has launched Phoenix Lending, a platform that allows users to deposit digital asset and earn interest.Phoenix Lending has been rolling out its offering in several phases introducing products with different annualised interest rates. The minimum deposit is USD100, and users can terminate the product at any time. Currently, the target currencies are Bitcoin (BTC) and Tether (USDT). The interest payoff date is at the end of every month starting from March.
The management team of Sky Seal Capital employs AI strategy combination module which integrates more than 90 types of diverse technologies, including dynamic management mechanism for
Crystal Capital the operator of an alternative investment platforms for financial advisors and their qualified purchaser (QP) investors offering access to hedge fund and private equity investments, has reported 93 per cent growth in new Advisory relationships since January 2019.
Read the full story at Wealth Advisor…
Hazeltree, a provider of integrated treasury management and portfolio finance solutions, has expanded Hazeltree Collateral Manager to include Standard Initial Margin Model (SIMM) calculations in partnership with AcadiaSoft. This new partnership helps clients to meet their obligations under Phases 5 and 6 of the Uncleared Margin Rules (UMR).
Under the new rules, derivatives trading relationships become increasingly complex, requiring both sides of each transaction to calculate daily Initial Margin (IM). Calculating bilateral margin under SIMM requires sophisticated risk, sensitivities and market data inputs across all covered trading with each respective counterparty.
This initiative will provide the Hazeltree buy-side community with seamless
Sterling Trading Tech (STT), a leader in compliance, risk and infrastructure solutions for equity, options, and futures trading, has unveiled customisable margins and enhanced VAR calculations, a major set of enhancements for its risk analytics Risk as a Service (RaaS) solution, the Sterling Risk Engine (SRE).The Sterling Risk Engine provides advanced analytics in a RaaS solution utilising sophisticated quantitative and big data techniques to manage risk in real-time for hundreds of portfolios allowing brokerages and clearing firms to easily monitor market and credit risk. The SRE continuously calculates the OCC Portfolio margin and Risk based haircuts, for each account as
Backstop Solutions Group, provider of a cloud-based productivity suite for institutional and alternative investors, has launched Agile Pipeline Management for capital-raising teams within asset management firms. The new capability enables users to shape a complete view of their pipeline on the fly through an intuitive, real-time experience.
“Our Pipeline Manager provides users with an unparalleled self-service solution,” says Adam Hoit, VP of Product at Backstop Solutions Group. “We enhanced the support for firms that need to operate with agility by giving them the ability to update pipeline views, modify single or multiple data points, and incorporate new data fields without
BidFX, a cloud-based provider of electronic foreign exchange (FX) trading solutions, has launched a major upgrade to its mobile app to meet growing demand among hedge funds and asset managers to securely manage and trade their spot FX, forward and NDF positions anywhere in the world, at any time.Via global SAAS technology, mobile app users will be able to access BidFX’s trading functionality to watch the market and manage their orders in real-time. Seamless integration across desktop and mobile devices, combined with an unrivalled security framework, will enable traders to access the FX trading platform on the go confidently.
Jean-Philippe
