Solutions
CubeLogic, a provider of Business Intelligence enabled Enterprise Risk Management and Compliance solutions has secured two new client signings working in partnership with Numerix, a provider of leading-edge solutions for pricing, market risk, credit risk, XVA and FRTB. Within eight months of this new collaboration both CubeLogic and Numerix are delighted to announce that they have jointly secured two high profile deals. The first is with a well-known global liquidity provider and market maker and the second, a crypto currency bank. Together they are providing real-time VaR and Market Risk Management tools for the liquidity provider, whilst helping the Crypto bank
The Commodity Futures Trading Commission has filed a civil enforcement action against defendants Q3 Holdings, and Q3 I, and their principal, Michael Ackerman for fraudulently soliciting over USD33 million to purportedly trade digital assets and misappropriating a substantial portion of the funds raised.“This case underscores, once again, that the Commission will continue working with our regulatory partners to ensure the integrity of our markets, including those involving digital assets,” says CFTC Director of Enforcement James McDonald. “Rooting out misconduct is essential to furthering the responsible development of these innovative financial products.”
The complaint specifically alleges that from at least August
ResearchPool has launched a new interactions management tool on its platform that allows buy-side firms to simplify the monitoring, aggregation, analysis and evaluation of investment research and corporate access related interactions.As part of the investment process, investment professionals acquire, in addition to written investment research, a range of other advisory services from sell-side firms, such as conferences, one-to-one meetings with corporate executives, tailored roadshows, sell-side analyst calls and meetings. Investment firms may also arrange meetings and interact directly with corporates.
MIFID-II’s research unbundling regulations has uncovered that some investment firms spend more than fifty percent of their external investment research
Productivity provides an edge in equity research, and as equity-focused hedge funds navigate the markets this year, any opportunity to use next generation technology tools to trade more adroitly will likely be welcomed. In the following Q&A with Hedgeweek’s managing editor, James Williams, Nick Mazing, Head of Research at Sentieo Inc, discusses how its platform is using the latest AI technology to improve the research workflow and reduce the time taken to ingest structured and textual data sets, and empower portfolio managers as they look to build alpha-generating investment theses.
HW: Could you begin by providing some thoughts on what productivity
By Roger Aitkin – With the former head of the Russian Federation’s Federal Tax Service and newly appointed Prime Minister, expressing the view that “all operations” with cryptocurrency should be taxed, industry pundits in the space are reflecting on what the impact and fallout might be.
Tether, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, is live on Algorand 2.0, the world’s first permissionless, pure proof of stake blockchain platform. Tether will now provide instant confirmation, micro payments and automatic wallet support.
Tether is using one of the key features of the Algorand 2.0 upgrade, the Algorand Standard Asset (ASA) technology, which makes it possible for the tokenisation and issuance of any type of asset on the Algorand blockchain. Tether’s implementation on Algorand will benefit from block confirmations in under four seconds and transaction fees that are a fraction of a per cent, unlocking
FX markets are unique not only in their scale but also in their complexity. There are multiple trading paradigms, and also multiple venues where trades may be executed. The FX ecosystem is highly fragmented and the case for more automation – more automated FX trade-lifecycle processes and procedures – has been clear for some time. And yet, automation hasn’t happened yet. Why not, and when will it happen? Steve French, Head of Product for Traiana, writes about the challenges to automation, its benefits, and the key steps that firms should take on their journey towards implementing automation.
European software investor Hg is to acquire stakes from Keensight Capital and Pléiade Venture in smartTrade Technologies (“smartTrade”), a specialist in multi-asset electronic trading solutions, headquartered in Aix-en-Provence, France. David Vincent, CEO & co-Founder, and the smartTrade management team will remain invested in the business alongside Hg.
smartTrade is a managed services and hosted software provider for trading desks. It’s liquidity management solutions enable banks, brokers and hedge funds to proprietary trading desks to develop and run high-performance trading platforms throughout the world. The business has expanded rapidly in recent years and today has a global client base, with subsidiaries around
TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. This is being implemented to support increasing client demand for flexible access to premium content by broadening data distribution channels to Microsoft Excel, web portals, mobile apps and Symphony apps, supplementing TP ICAP’s Data & Analytics division’s existing channels to market.
TP ICAP is a global firm of professional intermediaries focused on the world’s financial, energy and commodities markets.
Designed to enhance the firm’s overall data distribution capabilities, MDXT has been seamlessly integrated with TP ICAP’s Data & Analytics division’s core infrastructure to collect real-time data for
THETA, a specialist provider of buy-side trading technology as a service, has appointed Peter Meddemmen as its Chief Technology Officer. Industry leading technologist, Meddemmen has more than 30 years of experience in Capital Markets managing technology for multi-asset solutions across the full order-execution life cycle, including front to back workflows, risk, security, legal and regulatory framework.
Meddemmen joins THETA from Bloomberg, where he held several senior positions in the Trading Solutions team since 2007. Previously, Meddemmen held CTO positions at City Index and GL Trade (acquired by Sungard in 2009). Earlier in his career, Peter was the VP for technology at
