Solutions
Liquidnet, a global institutional investment network, has acquired RSRCHXchange, a marketplace and aggregator for institutional research. Liquidnet will now be able to deliver relevant, actionable insights directly to investment teams through the Liquidnet platform.
Following its acquisition of OTAS Technologies in 2017, Liquidnet has focused on integrating AI-powered decision support and analytics into its institutional execution technology. By combining RSRCHXchange’s technology, research, and distribution with Liquidnet’s AI-based analytics platform, Liquidnet can help its global network of asset managers revolutionise the way they source, access, evaluate, and act on data and insights to enhance investment decisions and generate alpha.
“This acquisition
Xena Exchange has launched the Xena Market Barometer, a 360-degree analytics tool that aggregates data from the biggest digital-asset exchanges and represents it in unique graphs assembled in one place.
The first eight indicators are already live and are free to use. The Xena Market Barometer combines numerous data sources and uses complicated processing algorithms to display information in an easy-to-understand format. All data sources can be divided into three categories: live trades and order books from major cryptocurrency exchanges, blockchains, and media.
The first version collects live data from Huobi, Coinbase Pro, Bitstamp, Bitfinex and can be used by
Sterling Trading Tech (STT), a specialist in trading technology solutions, and Voyager Digital (Voyager), a licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto-assets, have formed a strategic partnership to offer digital asset trading capabilities to institutional and retail traders through the STT platforms.
Sterling will offer clients the ability to trade a full array of crypto currencies using its end-to-end platforms with access to Voyager’s best-in-class crypto execution services and the aggregation of all crypto exchange data feeds. Sterling and Voyager are actively integrating the systems with a target launch planned for Q3 2019.
Andrew Actman, Director
Drawbridge Partners, a cybersecurity consulting firm specialising in the needs of hedge fund and private equity managers, has acquired inCyber Security, inCyber Compliance’s consultancy division.
The acquisition gives Drawbridge Partners a portfolio of high-profile and long-term clients as the firm continues its impressive growth and focus on expanding its advisory, product and application portfolio.
Through the acquisition of inCyber’s best-in-class cyber advisory business, Drawbridge reinforces its holistic consultancy and solutions-based offering, providing financial services firms more tailor-made cyber programs, technical assessments, and strategic advice to ensure they have access to the highest degree of protection against internal and external threats.
IHS Markit, a specialist in critical information, and analytics, has launched Onboarding Accelerator, a new solution to help banks and other service providers open accounts with institutional clients more quickly.
Onboarding new clients is complex in financial services because of the amount of information the bank or service provider must collect to satisfy know your customer, anti-money laundering, credit, legal and tax requirements. On average, the process takes 40 days.
The new IHS Markit Onboarding Accelerator enables firms to reduce on-boarding time to as little as one day and is suitable for any servicer relationship an investment fund or corporation might
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, has elected four new global directors and a new regional leader.
Rajpal Arulpragasam, Suzanne Currie, Amy Lawrence and Gary Markham will all serve three-year terms as new Global Directors, while James Stedman is the new Co-Director of HFA’s Latin America and New York Regional Chapters
“Our highly accomplished and diverse leadership team is further strengthened by HFA’s new directors as we continue to build the line-up of upcoming educational and networking events,” says Mitch Ackles, HFA President. “In addition, we recognise HFA term limits and greatly appreciate
Buy-side derivatives market participants are now able to fully outsource their entire non-cleared margin workflow, via the market’s first end-to-end collateral solution developed by BNY Mellon.
Clients can access AcadiaSoft’s Initial Margin (IM) Risk Suite of low-touch tools for margin calculation, reconciliation and messaging as part of BNY Mellon’s collateral service offering.
This collaboration, in conjunction with BNY Mellon’s existing bilateral margin capabilities from post-trade and settlement through to collateral segregation and ongoing position monitoring, enables clients to meet their obligations under Phases 4 and 5 of the non-cleared margin rules, all in one place.
Under the rules, counterparties are required
The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who perform investment and operational due diligence programmes, is offering its members preferred access to the Convergence database of operational due diligence tools and analytics.
“IMDDA members can now access Convergence’s database to perform critical due diligence research in a comprehensive, efficient and timely fashion,” says Andrew Borowiec (pictured), Executive Director of the IMDDA. “This is another example of how the IMDDA is defining, developing, and implementing global due diligence best practices with our CDDA professional credentialing, webinars, articles and research tools.”
For IMDDA members, Convergence
Accusource, a provider of middle- and back-office operational services, has teamed with Canoe Intelligence, in a bid to bring ‘efficiency, speed and increased accuracy’ to the investment management industry.
Institutional investors and family offices manage complex portfolios that often include scores of alternative investments such as hedge funds, private equity and venture capital. As a result, these firms are inundated with thousands of email, web-based and PDF documents containing hundreds of thousands or millions of transaction, valuation and performance data points. Manually converting these critical, data-rich documents to productive digital formats costs investment firms as much as $4 million annually.
Global broker Mariana UFP has selected TORA ’s cloud-based order and execution management system (OEMS) for pairs trading in London, New York and Melbourne.
Pairs trading involves simultaneous buying and selling of multiple securities when the relative prices hit certain thresholds. Trading these security pairs in large sizes requires access to a range of sophisticated algorithms to fit the required trading strategy and a sophisticated OEMS to manage many orders concurrently.
Mariana UFP is a market leader in securities trading and was looking for a technology partner that offers advanced pairs trading tools to help them achieve best execution for
