Solutions
Almost three quarters (71 per cent) of asset managers believe that using alternative data gives them an investing edge over competitors, according to a new study by Greenwich Associates commissioned by business information provider IHS Markit.
Some 74 per cent of firms surveyed agreed that alternative data is starting to have a big impact on institutional investing, demonstrating its valuable explanatory power to both quantitative and fundamental investment models.
Around half of investment managers are currently using alternative data with another quarter planning to do so in the next 12 months, according to the research.
Nearly 30 per cent of quantitative
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, is launching BrokerTec Quote, a new dealer-to-client Request for Quote (RFQ) trading solution for the European Repo market.
Launching in the second quarter of 2019 (subject to regulatory approval), BrokerTec Quote will provide market participants trading European Repo with a new, enhanced RFQ capability, providing a more intuitive and efficient means of trading. This will enable participants to make more informed trading decisions and will provide significant enhancements to negotiation and execution.
BrokerTec Quote will be available for the trading of European Sovereign Debt, UK Gilts
Acuity Trading, a global provider of AI data-driven trading tools, has announced today the launch of its sentiment-based Research Terminal, a news-data tool on the Metaquotes MT4 and new MT5 platform.
The Research Terminal augments the existing services previously offered on MT4 and has been the springboard for the launch of Acuity’s services on MT5. Users of the Research Terminal on MT4/5 will now be able to access financial news, calendar, sentiment data and Acuity’s unique AI-driven Market Alerts tool in a single Expert Advisor (EA).
“The Metaquotes platforms remain the industry’s favourite and adoption of MT5 is growing,” says
Transaction Network Services (TNS) has upgraded and expanded its network capacity to include dark fibre connectivity in the strategically important New York Triangle, giving traders ultra-high-speed access to market data and TNS’ financial community of interest.
The new TNS dark fibre network can be expanded up to four terabits of capacity, effectively preparing traders’ networks for the future as their data requirements with TNS grow. It includes coverage of NYSE, CBOE and Nasdaq at each exchange’s colocation sites in Mahwah, NY5 and Carteret, and connects via a high-speed link to TNS’ exchange disaster recovery sites in Chicago.
Stefano Durdic,
Abacus Group, a provider of IT services for alternative investment firms, has launched a new third-party patch management feature for its AbacusFLEXä IT-as-a-Service clients, as well as enhanced compliance reporting within the Abacus Client Portal.
Abacus continues to invest heavily in its premium service, technology solutions, cybersecurity and R&D to meet the unique and stringent compliance requirements for investment firms.
The new automated third-party patching option provides Abacus clients with an added layer of security to help mitigate vulnerabilities on their workstations. Keeping workstations up-to-date with the latest versions of sensitive applications is a critical component of endpoint security.
Bain Capital Credit has implemented Hazeltree Collateral Manager to streamline collateral management across ISDA counterparties.
A major driver for Bain Capital Credit’s evaluation and selection of Hazeltree Collateral Manager is the upcoming Uncleared Margin (UMR) and Standard Initial Margin Model (SIMM), which are coming sharply into focus for end-users on non-centrally cleared derivatives.
Hazeltree Collateral Manager enables Bain Capital Credit to: streamline, aggregate and centralise its OTC collateral management activities; compare and reconcile internal, independently-calculated OTC collateral call estimates against each counterparty’s calls; and, seamlessly respond to, issue, or dispute daily margin calls via all eligible cash and non-cash assets.
Northern Trust Hedge Fund Services (NTHFS) has been selected to provide full middle and back office fund administration services and regulatory reporting to Magnetar Capital, an Evanston, Illinois-based multi-strategy alternative asset manager with USD13.1 billion in assets under management.
“Given the volume and intricacy of our strategies, we needed a partner that could evolve alongside our operational demands and support a wide array of investor services,” says Ernie Rogers, Magnetar Capital COO and CFO. “We selected Northern Trust for its unique combination of technology, operational excellence and industry expertise.”
Magnetar seeks to deliver diversifying return streams by employing a wide-range
Thasos, an alternative data intelligence firm that transforms real-time locations from mobile phones into objective and actionable insights, has launched a real-time foot traffic product, QStreams wjhich has been developed specifically for quantitative hedge funds.
Thasos has partnered with Battle of the Quants to make QStreams available free of charge for a limited time via an exclusive beta program starting May 21, 2019.
“Mobile data has a well-justified reputation for being noisy and challenging to work with, but that’s precisely what makes QStreams so novel — the combined level of quality and coverage is unprecedented. By partnering with Battle of
FundRock Partners Limited has been selected by Carmignac, to act as the Authorised Corporate Director (ACD) for its six new UK domiciled sub-funds structured under the FP Carmignac ICVC OEIC umbrella.
In this capacity, FundRock will provide the legal and regulatory framework for the OEIC and undertake the regulatory oversight of the funds. Carmignac Gestion Luxembourg will act as the investment manager, sponsor and distributor of the OEIC.
Carmignac, Europe’s leading independent asset manager, is widening the availability of its strategies to UK investors with the launch of six locally domiciled sub-funds. The launch of these UK sub-funds, in
Global funds transaction network Calastone has migrated the technology underpinning its Distributed Market Infrastucture to a blockchain-enabled system.
The migration of Calastone’s global network of more than 1,800 customers across 41 markets represents the largest community of global financial services organisations connecting and transacting via distributed ledger technology.
Less than two years since Calastone announced the completion of its first phase to test the feasibility of using blockchain to develop a common global marketplace for the trading and settlement of funds, the company’s DMI is today live. This represents a major step in enabling digitalisation and friction-free trading at a
