Solutions
An asset manager’s decision to change their operating model and outsource their middle office to a service provider should not be made in haste. From building internal consensus to carefully designing an evaluation process, selecting the best fit for an outsourcing partner is a significant investment.
The Citco Group of Companies, (Citco), a provider of asset servicing solutions to the global alternative investment industry, is partnering with S3 Partners, to integrate the data analytics firm’s BLACKLIGHT Treasury Management solution into its offering.
S3 Partners’ real-time, independent financing data prices opaque borrow and loan markets and redefines short interest, crowding and previously stale indicators for which the industry has had no centralised source. BLACKLIGHT leverages these analytics along with leading technology for better outcomes in investment process, risk management, and counterparty relationships.
The agreement between Citco and S3 allows Citco clients to get the benefit of BLACKLIGHT’s
Aquis Technologies’ new connectivity hub, Aquis Market Gateway (AMG), has significantly increased the number of active users in the last quarter and, according to the company, is now Europe’s leading SI connectivity network.
The AMG, which went live in early 2019, is designed to enable Systematic Internalisers (SIs) and Counterparties to connect bilaterally, via a normalised application programming interface (API). The relationship between SIs and their Counterparties (brokers) via the AMG is entirely and strictly bilateral and thus in line with MiFID II stipulations.
Users of the AMG include SIs operated by XTX Markets Limited, Jane Street Financial Limited Citadel
Digital transformation: Science, not fiction – Science fiction is a beloved and enduring genre largely because of technology’s transformative potential. The best examples leverage this to the hilt and extract as much dramatic tension as possible from the situation.
A micro-networking scheme for women in private equity and investment has connected 100 members, six months after launching.
The group helps women in the investment sector make professional connections and aims to establish a supportive network to address gender inequality across the industry.
Kea Clusters are small, unsponsored networking events for women in investment. Each cluster has six to ten members who meet every eight weeks to share professional and personal advice and support.
In an industry where fewer than 10 per cent of senior professionals are women, the scheme has ambitious plans for expansion as it seeks to address
eXate, a data privacy solutions provider, has joined OpenFin’s growing community of financial institutions and FinTech firms deploying their desktop applications on OpenFin’s OS.
In the analogue world, ink bombs ensure that stolen cash is rendered useless. In the digital world, where data is the new currency, eXate acts like a digital ink bomb and renders data useless upon a breach.
With the implementation of GDPR, eXate enables firms to more easily handle onerous data privacy requirements by allowing sensitive data to be secured, tagged and sharded, and then reconstructed if permitted. The solution allows users to implement a data
KRM22, a technology and software company focused on risk management in capital markets, is to acquire Object+, a risk management and post-trade services technology company for capital markets firms.
Based in the Netherlands with offices in Amsterdam and Chicago, Object+ services global banking and trading firms across Europe, North America and Asia. Its market risk management technology includes real-time P&L and margin management, as well as pre-trade order limit management capabilities.
The acquisition represents another milestone in the evolution of KRM22’s risk management offering. KRM22 offers post-trade market risk solutions through previous acquisitions and partnerships, and adding Object+ capabilities
Saxo Bank, a specialist in online multi-asset trading and investment, is adding a combination order ticket for all clients trading listed options in SaxoTraderGO and SaxoTraderPRO.
Rather than trading options leg-by-leg using multiple trade tickets, clients will be able to execute orders for different legs as one order. The combination order ticket provides Saxo Bank clients with unique opportunities to participate in established option strategies such as straddle, ratio spreads and iron condor. The options strategies are pre-filled and enables traders to simultaneously place orders to buy and/or sell different options from the same order ticket.
Patrice Henault, Saxo’s
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data services, has launched its Real Time and Historical FX Feed service in partnership with TraderMade Systems.
Covering 40-plus spot currencies plus gold and silver against major currencies the data feed is sourced from Tier-One banks & Institutions.
Through this collaboration, EDI offers Bid/Ask & Mid prices. Rates are comparable to the EBS reference rate feed for a fraction of the cost of other providers.
Jonathan Bloch (pictured), Chief Executive Officer of EDI says: “We are getting increased demand from our clients for real time and
Moscow Exchange, In collaboration with Avelacom, has deployed new Points of Presence (PoPs) in the most sophisticated and largest data centres in Hong Kong, Singapore, Shanghai, Dubai and Mumbai.
Market participants have received high speed access to MOEX’s markets without the need to build extra infrastructure and pay for low latency network connection to Moscow.
MOEX’s PoPs provide: low latency connectivity across major trading venues globally; FIX protocol for trading transactions; access to MOEX’s market data; and trading on MOEX’s market (Equity & Bond, FX and Derivatives Markets) through Sponsored Market Access (SMA).
In addition to this expanded
