Solutions
Regulatory compliance consulting firm, Argus Global has fully integrated two business acquisitions: Ace Success, a Singapore based secretarial, accounting and tax practices company; and Argus Compliance India Private Limited, a subsidiary company, based in India, offering a multi-disciplinary and comprehensive bouquet of services in Singapore and India.
“The company is already looking to expand in Asia within three years and has set a revenue target of SGD50 million within five years,” says CEO Sachin Gandhi.
Argus Global’s clienteles in Singapore are mostly entities who are regulated by, or wish to be regulated by, the Monetary Authority of Singapore (MAS) effective
Singapore Exchange (SGX) has launched the industry’s first options contract on TSR 20 rubber, the global benchmark grade, offering market participants a new risk-management tool.
The SGX SICOM TSR 20 Rubber Options contract is based on the SGX SICOM TSR 20 (FOB) Futures contract, which has grown in liquidity amid China’s internationalisation and rising global demand for hedging. The options contract expires into futures positions, offering users the choice of physical delivery to settle their positions.
William Chin, Head of Commodities at SGX, says: “SGX SICOM derivatives are integral to the physical marketplace. This launch follows strong demand from
Refinitiv has signed a definitive agreement to acquire AlphaDesk, a cloud-based Order Management System (OMS) that offers order and portfolio management, risk, and compliance solutions for buy-side clients.
Refinitiv currently offers pre-trade data and analytics via its flagship financial platform Eikon, which is integrated with its EMS trading capabilities from REDI. AlphaDesk adds a multi-asset class and multi-currency OMS platform with flexible workflows, adaptable to the differing needs of individual buy-side traders and asset managers.
AlphaDesk software combines OMS and operations management capabilities for managing data and integrating with other systems involved in the buy-side investment workflow. This combination benefits
PEGAS, the pan-European gas trading platform of EEX Group, operated by Powernext, has successfully launched its OTC registration service for LNG Futures.
The PEGAS JKM LNG Futures contract is cleared by ECC, the clearing house of EEX Group, and settled against the S&P Platts JKM assessment, today’s most reliable price estimation for the Asian region.
The contract, settled in USD, is offering a delivery period for the next 34 months with a contract size of 10,000 MMBtu/month. By adding LNG to their portfolio, customers will be able to benefit from a range of cross margining advantages at ECC.
The launch
Asahi Pretec, a precious metals recycling company, has selected smartTrade Technologies, a specialist in multi-asset, end-to-end trading solutions, as technology provider to deliver Asahi’s precious metals trading platform, with NTTData, a major Japanese system integrator, as a partner.
smartTrade will provide connectivity to the markets, pricing and distribution as well as risk and post-trade management.
Hiroyuki Nakanishi, President of Asahi Pretec, says: “We had an immediate need for a flexible technology platform to price and distribute our precious metal prices to support Asahi’s global expansion. Not only does smartTrade’s high quality proven technology comprehensively address our specific business needs, it
Avelacom, a global connectivity and IT infrastructure provider for the financial services industry, has partnered with Seed CX, a digital asset exchange built expressly for institutional investors.
Avalecom’s institutional investors will now have access to Seed CX’s real time market data and order-routing solutions. This will meet global institutions’ desire to trade digital assets in a way they are used to from using traditional exchanges.
Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives.
“We began working
Drooms, a provider of virtual data rooms in Europe, and Oodrive, a European specialist in sensitive data management, have formed a strategic partnership and will market their joint solution in their respective markets: France and French-speaking territories for Oodrive, and Germany and German-speaking territories for Drooms.
Oodrive, a French specialist in highly-secure collaboration and electronic signature solutions, meets the highest French and international certification standards and requirements with regards to sensitive data processing. It provides a solution in over 90 countries and for over 15,000 customers, including BNP Paribas, Banque de France, Axa, DGA, Air Liquide, Airbus, Kering, Air France
AKJ Crypto, a full-service platform for crypto hedge funds, is bringing institution-grade services and support to the world of digital asset management.
The firm has been onboarding the first wave of funds onto the platform and has seen the strong interest as an indication of the fundamental market opportunity for crypto. As far as the recent downturn in crypto assets is concerned, Neal Mitra (pictured), AKJ Crypto CEO sees this as a sign of growing maturity in the sector.
“The initial enthusiasm for digital assets was driven at the retail level and had outpaced the development of the market itself.
Independent financial risk advisor JCRA has launched Ada, a new digital financial risk management portal for finance directors, portfolio managers and accounting teams.
Ada provides real-time access to debt and derivative portfolios and treasury and accounting reports. Ada is named after Ada Lovelace, the 19th-century British mathematician and computer pioneer whose former home at 12 St James’s Square in London is the European headquarters of JCRA.
Through Ada, clients can quickly access an overview of debt and derivative instruments in their portfolio or drill down into individual entities and instruments to the mark-to-market (MtM) value. Clients are further able
IHS Markit, a specialist in critical information, analytics and solutions, is to exchange the majority of the IHS Markit Technology, Media and Telecoms (TMT) intelligence business for Informa’s Agribusiness Intelligence group.
“This agreement is very positive for both IHS Markit and Informa, increasing the focus of each company on core markets where it has particular strengths and a long-term commitment to invest and grow,” say Lance Uggla (pictured), and CEO of IHS Markit and Stephen A Carter, Group Chief Executive, Informa PLC.
Uggla says: “The Informa Agribusiness Intelligence portfolio is a clear extension of our Chemical and Downstream businesses and
