Solutions
Cowen Outsourced Trading: Best Outsourced Trading Solution – Experienced traders, well established and highly regarded buy-side order management and execution technologies overlaid with a totally transparent operating model is what drives the core of the service Cowen Prime Services provides its clients.
The firm’s business model allows clients to know which broker they are executing every trade with and what they are paying for that service. Cowen further employs independent trade cost analysis firms to verify and rate execution quality under the best execution practices.
Jack D Seibald, Managing Director, Global Co-Head of Prime Brokerage and Outsourced Trading at Cowen expands on this:
The Association for Financial Markets in Europe (AFME) has published a new paper setting out five recommendations to deliver supervisory convergence on the regulation of crypto-assets in Europe.
The paper’s recommendations are intended to encourage collaboration between regulators in Europe and work towards a common approach to the regulation and development of crypto-assets in financial services.
James Kemp, Managing Director, Head of Technology and Operations at AFME, says: “There has been a rapid rise in the development of crypto-assets, which could offer significant benefits for wholesale markets. However, to realise those benefits, it is increasingly important that crypto-asset regulation is
Jill Kreutz is to join BTIG’s Outsource Trading division in Dallas.
Kreutz joins the unit from the firm’s Institutional Equities desk, where she held a senior sales trading role for over 12 years.
“We are thrilled to welcome Jill to the BTIG Outsource Trading team,” says Chris Casanovas, Managing Director and Head of BTIG Outsource Trading. “Jill has skilfully developed significant relationships with clients across the country. As a Texas native, she has also become a trusted partner for many of our clients in the South and Midwest. Jill fully understands the needs of newly-launched funds and established market
By Gary Paulin (pictured), Global Head of Integrated Trading Solutions, Northern Trust Capital Markets – The asset management industry is facing unprecedented pressure from competition, fees, regulatory and compliance challenges, technology costs and shifting product demand. The resulting squeeze on margins is forcing many to lower operating costs and increase scale via consolidation and/or outsourcing.
In recent years, asset servicing has experienced two distinct cycles of outsourcing. In the 1980s, it was the back office. In the early 2000s, it was the middle office. Pressure on asset management is leading to a third wave of outsourcing, this time around the front
FactSet, a provider of integrated financial information and analytical applications, has deployed the FactSet workstation on OpenFin, the financial industry’s operating system.
The use of OpenFin provides clients with the opportunity to leverage FactSet seamlessly and efficiently alongside proprietary, internally developed desktop applications. Users will also be able to integrate third-party applications available within the OpenFin ecosystem directly into their FactSet workflows.
This flexible access will be provided using the FDC3 interoperability standards. Through the adoption of open technology ecosystems such as OpenFin and standards such as FDC3, financial institutions have greater access and opportunity to build integrated workflow solutions
Electra Information Systems (Electra), a provider of post-trade solutions for the buy-side investment management industry, has added new capabilities to its Electra Reconciliation platform to enable firms to expedite investigations by quickly identifying the root causes of trade breaks or exceptions.
Electra Reconciliation 6.0 incorporates intelligent integration of research data, machine learning, and a proprietary matching algorithm to give operations professionals faster root-cause analysis, improve productivity, and enable management to gain real-time insight into its current positions.
Investment managers’ operations teams spend an excessive amount of time investigating exceptions. Often, multiple departments across the middle and back offices participate in
Caspian, a full-stack crypto trading and portfolio management platform for institutional investors and sophisticated traders, is to partner with CoinRoutes to offer trading algorithms to the market.
The new partnership will enable CoinRoutes clients to gain access to Caspian’s leading suite of institutional grade trading solutions that include: OEMS, PMS, ability to trade derivatives, and detailed compliance reporting tools. Caspian clients will now be able to use CoinRoutes vast trading algorithms directly and seamlessly.
Robert Dykes (pictured), CEO of Caspian, says: “We are very happy to announce our partnership with CoinRoutes, as a vendor and exchange neutral provider we
Integral, a financial technology company, and Jefferies, a global investment banking firm, have launched TrueFX, a fully integrated service designed for buyside firms to conveniently connect and trade with the FX market.
TrueFX is designed for the buyside community, including retail brokers, macro hedge funds, prime of primes and also regional banks. The centrally cleared venue provides direct access to FX liquidity through a single point of credit intermediation and technology integration. TrueFX aim to reduce trading, technology and credit costs by combining the solutions into a single offering.
TrueFX is open to the entire OFC community and delivers
Cyberian, a new institutional crypto off exchange liquidity venue, today announced its launch of the world’s first trustless venue for trading blocks of digital assets.
The new company makes the bold claim to be the only true trustless matching system of digital assets with no central entity. The system is a matching tool that is without any one single point of trust, and, ultimately enables investors to buy and sell digital assets with zero information leakage and superior prices.
Cyberian was founded by TORA, the industry’s most advanced cloud-based order and execution platform (OEMS) and Partisia. Partisia is a
Specialist financial services consultancy Phoenix Financial PR, which represents companies in asset management, alternatives, wealth management, private banking and financial planning, has joined forces with financial services PR specialists in Australia and the USA to become a member of global financial communications network International Financial Communications Group (IFCG).
IFCG brings together Pritchitt Partners in Australia (Sydney), DAI Partners in the US (New York, Los Angeles and Washington, DC) and Phoenix, with member consultancies benefiting from the opportunity to offer clients an international communications capability across leading global financial centres.
Gordon Puckey (pictured), Managing Director at Phoenix, says: “Pritchitt Partners found
