Solutions
The Depository Trust & Clearing Corporation (DTCC) has released a new paper addressing issues of trade failures in the institutional post-trade marketplace where greater technology adoption could help with growing problems in an era of cost pressures, heightened regulatory requirements, and increasing cyber security focus.
Standing Settlement Instructions (SSIs) represent a significant proportion of trade failures, as missing or incomplete SSIs create one of the biggest pain points for firms. The significant number of manual touch points relating to SSIs during the settlement process sees trade data handled by many disparate systems from matching engines to counterparties and settlement organisations,
Liquidnet has launched Ecosystem Pro, an intelligent workflow and blotter management tool designed to help buy-side traders analyse, monitor, and automate execution strategies across multiple symbols simultaneously in Liquidnet’s Execution Ecosystem.
In short, Ecosystem Pro combines global institutional liquidity, systematic execution tools, and analytical insights with the same guidance and liquidity sourcing capabilities Members have comes to expect from Liquidnet for their single stock orders.
Liquidnet’s Ecosystem Pro is composed of three main features: List Detection, Create Wave and Pro Blotter.
Designed to streamline the actions taken when multiple stocks create a complex order pad, Liquidnet’s dynamic List Detection allows
The Investment Management Due Diligence Association (IMDDA) has named the first-ever group of people to achieve the new Chartered Due Diligence Analyst (CDDA) designation after sitting for and passing an intensive examination.
Under development by the IMDDA for more than two and a half years, the CDDA designation denotes a superior level of understanding of international due diligence practices and principles. Obtaining the CDDA distinguishes professionals as having achieved extensive background and experience in due diligence and possessing the skills to understand business, operational, accounting, financial and investment risks. The CDDA will be the recognised standard in Operational and Investment
March saw a 70 per cent increase in volume from crypto to crypto exchanges compared to February, while those that offer fiat pairs decreased 8 per cent, according to the latest Monthly Exchange Review from CryptoCompare.
The review, which offers institutional and retail investors insights into key developments in the cryptocurrency exchange market and its participants, covers exchange rankings by volume; country analysis and predominant fee type model; derivatives and institutional products; fiat, bitcoin and stablecoin volumes. The review also looks at how volumes have developed historically for the top trans-fee mining and decentralised exchanges.
Charles Hayter, CEO of CryptoCompare,
Former Goldman Sachs trader Benjamin Arnold has launched Meraki Global Advisors (Meraki) an independent financial services firm, aiming to provide a ‘conflict-free platform’ for asset managers.
Meraki’s offering will aim to generate alpha for asset managers through ‘cost-efficient unbiased trading, leverage management, and operational solutions.’ Meraki does not affect transactions for customers through a clearing broker arrangement. The firm’s structure allows it to remain a truly independent and unbiased extension of a client’s investment team, thereby operating as a pure buy-side offering.
Meraki’s inception was a direct result of the changing industry landscape.
‘Current appetite amongst hedge funds, family offices,
KRM22, a technology and software investment company with a particular focus on risk management in capital markets, has launched access to the Market Abuse Centre online training programmes through its Global Risk Platform.
KRM22 has signed a partnership agreement with Dutch online training firm Entrima to make its online training portal, the Market Abuse Centre, available to buy through the Global Risk Platform. The three training programmes available are SMCR, Market Abuse and Financial Crime, addressing the FCA mandated training which firms are required to provide to individuals within their organisation on an annual basis.
Jerry de Leeuw, CEO
CME Group has launched ENSO Data Insights, a community benchmarking tool which leverages ENSO’s alternative data set to help customers make more informed investment decisions.
ENSO Data Insights provides hedge funds, asset managers and banks with access to a diverse pool of global multi-asset class securities to help them compare best execution financing rates, trend analysis for long and short position sector changes, sector breakdown, top position movers, crowdedness scoring, and the most active stock borrow rate changes as it relates to the ENSO Rate. The tool helps clients evaluate how market dynamics are driving costs and demands to borrow stock, optimise counterparty management and seize alpha-generating opportunities.
Exablaze, a provider of ultra-low latency network devices is partnering with Algo-Logic Systems, a specialist in Gateware Defined Networking (GDN).
Both firms service financial institution clients in trading and HFT, which include investment banks and exchanges trading multiple asset classes. The two firms share expertise in delivering advanced, ultra-low latency, deterministic solutions to financial markets and clients will quickly benefit from this partnership, with Exablaze hardware devices running Algo-Logic’s Gateware.
Exablaze FPGA-based network cards and switches come with a development kit, which allows clients to customise the network processing functions on the devices, including the development of trading, analytics
International currency broker and payment service agency, Global Currency Exchange Network Ltd (GCEN), and corporate custodial services company, Global Custodial Services Ltd (GCS), are combining under a single brand – GC Partners.
GC Partners offers institutional and corporate clients bespoke FX, hedging, mass payments, client money and investment services– targeting clients looking for a bespoke solution to match their specific needs, with a quick turnaround on new account opening. This service is attractive to all types of businesses but in particular to new funds and investment vehicles, who don’t have the AUM to attract the attention of mainstream banks.
GC
StatPro Group (StatPro), an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has increased and extended its financing facilities with Wells Fargo Capital Finance.
The facility has been increased by adding an additional GBP5.2 million of committed facility and an additional GBP6 million of uncommitted capital. This secured financing facility is available for acquisitions, share buy-backs and general corporate purposes.
Following the increase, the total facilities are approximately GBP49.1 million and comprise: GBP10 million committed revolving credit facility, GBP29.1 million committed term/deferred drawdown multi-currency loans, and GBP10 million uncommitted additional facility available.
