Solutions
GPP, a prime broking, investor services and wealth solutions firm, has appointed Margaret Ammon as a non-executive director.
Ammon, a highly experienced financial services professional, is currently Chief Risk Officer at M&G Investments. Over the past two decades she has held positions at Schroders, KPMG, Colonial First State Global Asset Management and Old Mutual Asset Managers.
Ammon’s appointment to the board follows a strengthening of GPP’s management team, with recent hires including Todd Johnson as COO, James Parker as Chief Risk Officer, Tiffany Roberts as Head of Compliance and Andrew Rae-Moore to the Prime Brokerage team. With the firm now
FlexTrade’s trading technology is now available to local and global firms looking to access the New Zealand market using its order management system, FlexOMS.
NZX Executive Director, Markets Development & Clearing, Benjamin Phillips says: “FlexTrade’s integration with NZX trading technology supports our strategy to increase access and reduce barriers to entry to the New Zealand market, as we work to encourage greater liquidity on our market.”
Designed as a global, multi-asset platform, FlexOMS provides sell-side institutions with a complete end-to-end solution across multiple desks, trading styles and regions, and streamlines the trading process from receipt of client orders to
Eventus Systems has selected QuantHouse’s QuantFEED to provide high quality market data for its trade surveillance platform Validus.
Validus gives clients a broad view of risk across their trading operations, with a focus on trade surveillance, risk and position monitoring, reconciliation and operational controls. The Validus platform has two standard implementations: on-premise enterprise and a cloud solution using Amazon AWS. Either implementation can be run in real-time or T+1. QuantFEED provides the T+1 solution with consistent, accurate tick data, a requirement for effective trade surveillance and risk management.
In addition to leveraging QuantFEED, Eventus Systems has also joined the qh
The first wave of middle-office outsourcing deals came on the heels of the the credit crisis in 2008. Given this timing, it should come as no surprise that the origin of these first generation deals was driven by cost savings. At the time, middle-office operations was viewed as a necessity but also a cost centre.
Orolia and NexGen Networks have signed a strategic partnership to increase the security and reliability of financial trading systems and other critical networks that rely on extremely accurate timing.
This Time as a Service (TaaS) technology solution is designed to deliver reliable and resilient time sources, as well as increased security through assured redundancy, interference detection, and mitigation — without the need to buy, deploy and maintain hardware.
Resilient timing solutions are essential for financial and other critical infrastructure programs where time plays a critical role in operations or meeting regulatory requirements. Whether from unintentional interference or deliberate system spoofing
Chainalysis, a blockchain analysis company, is working with Lendingblock, an institutional lending exchange for digital assets, to implement anti-money laundering technology and best practices in anticipation of global regulatory guidance from the Financial Action Task Force (FATF).
Lendingblock is committed to meeting the stringent and comprehensive compliance requirements set by its external regulator, the Gibraltar Financial Services Commission, and to adopting global best practices from the traditional capital markets space where regulation of digital assets is forthcoming.
By partnering with Chainalysis, Lendingblock is augmenting existing in-house KYC standards and enforcing due diligence processes, thus protecting its institutional client base
How are hedge funds changing their research methods in the wake of MiFID II? Joe McGrath investigates…
The introduction of the second Markets in Financial Instruments Directive (MiFID II) in January 2018 heralded fundamental changes in the market, specifically when it comes to research.
Buy-side firms have had to scrutinise the amount they spend on research and evaluate the quality of sell-side and third-party materials.
The consensus is that MiFID has led to a reduction in research consumption by hedge funds, with a further fall possible.
Fabrice Bouland, chief executive officer at research management platform, Alphamety, says: “Consumers are increasingly
Itarle, a provider of high-performance best execution services to banks, is colocating within CME’s group data centre in Aurora, Illinois and hiring staff in New York.
The moves will complete its global data centre presence and, the company says, deliver sharper performance for its suite of algos, order routing and transaction cost analysis (TCA) solutions.
Itarle exclusively provides algos to banks and brokers and expanding its services addresses the growing demand from sell-side firms for more productive and compliant trade execution on behalf of their clients. In particular, the opening of a New York City office in Q2 2019 reflects
Liquidnet has continued the expansion of its artificial intelligence (AI) investment analytics platform with the acquisition of Prattle, a provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals.
Prattle has developed a proprietary Natural Language Processing (NLP) and Machine Learning (ML) system to produce analytics that measure sentiment and predict the market impact of publicly available content including central bank and corporate communications (such as company earnings calls and press releases). Asset managers can use these analytics to understand and anticipate relevant market movement, strengthen investment theses, and inform trading strategies.
The announcement follows
Outsourcing the trading function has become an important trend within the hedge fund industry as managers, both large and small, look to generate marginal gains by reducing the cost of operations.
A report by Greenwich Associates in December 2018 found that 71 per cent of respondents were “extremely satisfied” with their outsourced trading service providers. Some of the key reasons why managers decided to opt for outsourcing were found to be: the need for additional support for their own trading desks, cost savings and improved execution performance.
JonesTrading Institutional Services, one of the oldest and largest broker/dealer executing equity trading firms
