Solutions
PanXchange, a physical commodities OTC market structure solutions provider, has launched an institutional-grade industrial hemp exchange.
The marketplace will allow producers, processors, trade houses and end-users to participate in a transparent and efficient cash market for industrial hemp products and will ultimately pave the way for the creation of hemp derivatives contracts.
The opening of the exchange follows PanXchange’s January 2019 launch of the industry’s first hemp price reporting facility, which has provided objective and reliable data to a market primed for explosive growth following its formal sanctioning with passage of the 2018 Farm Bill . Both the exchange and
London Stock Exchange Group (LSEG) is to acquire Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, in an all share transaction for a total enterprise value of approximately USD27 billion.
The transaction will create a UK-headquartered, global financial market infrastructure (FMI) provider with a leading data and analytics business, significant capital market capabilities across multiple asset classes and a broad post-trade offering, well positioned for future growth.
The transaction will result in Refinitiv’s shareholders – a consortium of investment funds affiliated with Blackstone as well as Thomson Reuters – ultimately holding an approximate 37
BCB Group, a global cryptocurrency broker catering to the bespoke needs of institutional clients, is now live with DASL – The Digital Asset Shared Ledger developed by LAB577.
DASL is a Corda-based digital asset shared ledger for financial institutions that mitigates the business risks involved when handling digital assets, including cryptocurrencies. BCB Group offers a diverse range of products for the financial services value chain including onboarding, business accounts, payment services and OTC trading.
DASL provides the platform for crypto-brokers to join and utilise Corda Network. Corda Network is an underlying universal network which enables interoperability between nodes across separate
Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators.
The transaction creates an end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken.
Interchange offers professional-grade accounting and portfolio reconciliation tools designed specifically for the nuances and complexities of digital asset markets. Founded to improve access to crypto markets, Interchange enables institutional investors to better monitor and report their cryptocurrency holdings. In less than a year, the Interchange team has brought a new, next-generation product to the institutional
CLS, a market infrastructure group delivering settlement, processing and data solutions, has lunched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. JP Morgan and Goldman Sachs are the first banks to go live on the service.
CLSNow enables banks to exchange currency positions with mitigated settlement risk on a near-real-time basis. Currencies offered include the Canadian dollar, euro, UK pound sterling, and US dollar. Additional currencies will be added over time. The service mitigates FX settlement risk, enhances liquidity management, and provides balance sheet benefits for banks. Currently, the average daily gross value that is settled in the
Quedex, a crypto-centric futures and options exchange based out of Gibraltar, has bee ngranted a Distributed Ledger Technology (DLT) Providers licence for trading of cryptocurrency derivatives and for custody of cryptocurrencies by the Gibraltar Financial Services Commission (GFSC) making it the first regulated entity of its kind globally.
The DLT licence follows a 15-month-long process in which Quedex, advised by PRT Lawyers, worked together with the Gibraltar authorities in order to meet all the conditions required.
Quedex offers its users, consisting of institutional investors, miners, hedgers and active traders, the opportunity to trade in futures and options contracts on crypto
RFA has come a long way since it first opened for business in 1989. Now the firm, which has over 800 clients, is one of the biggest cloud providers to the alternative investment sector, offering state-of-the-art cybersecurity services and fully managed IT and CTO consultancy services.
Much of RFA’s success can be attributed to the ethos of the firm, which takes a consultative, rather than product-led approach to client requirements, most of whom, as Managing Director George Ralph (pictured) points out, come via word of mouth. Ralph works alongside chairman, Richard Fleischman, president, Yohan Kim and CIO, Michael Asher.
PE
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has launched a new Security Reference file feed, PIT (Point In Time).
With the PIT Security Reference File feed, clients can track, at a listing level, changes to securities coding and other key security reference data-points at any Point In Time.
The Point In Time’s Start and End dates use the public domain effective date from the Event that triggered the change. This means that the historical reference data returned by query will represent the actual values that the markets would have recorded on
Founded in 2016 by industry experts Scott Feagans and Moshe Siegel, NetXpress provides colocation, data centre services, exchange and WAN connectivity globally. The NetXpress low latency architecture employs a unique ULL, Layer1 distribution technology to achieve the lowest latency profile available via a service provider.
“2019 is proving to be an exciting year for our Financial Services business,” says TNS’ Chief Executive Officer, Mike Keegan. “Since acquiring R2G in January, we have expanded our data center reach, deployed a new dark fibre infrastructure and are establishing TNS as a vendor of record for market data offerings. The acquisition of NetXpress
Copper Street Capital, a UK-based event-driven hedge fund manager, has selected Linedata’s comprehensive portfolio management and compliance solution, Linedata Global Hedge.
Copper Street says it chose Linedata after a rigorous review and will benefit from enhanced oversight, scalability and workflow automation across a range of requirements, including real-time P&L and exposure, fund administrator reconciliation and robust compliance.
“Copper Street Capital drives superior returns for its investors utilising event driven strategies in the global developed financial service sector. Funds can be invested cross asset class in both equities and fixed income instruments, with an ability to be both long and
