Solutions
The modern-day hedge fund typically consumes vast amounts of data and leverages its IT providers for next-generation tools and analytics to keep it at a competitive edge. And whereas the private cloud was deemed an ideal environment in which to run hedge fund activities, the pace of innovation in the public cloud arena, the inherent scalability it offers, and the vast army of technology professionals at its disposal mean that hedge funds are now questioning the virtues of using private cloud managed services providers.
“One thing we’ve witnessed over the past year is that organisations using private cloud offerings have
Robert Quinn Consulting Limited (RQC) and Capricorn Fund Managers Limited (CFM) have partnered to create a unique new discretionary management regulatory hosting platform, Capricorn Regulatory Hosting.
Robert Quinn Consulting is a leading compliance consulting firm founded 12 years ago with extensive experience of FCA, SEC and CFTC compliance and offices in London and New York. Capricorn Fund Managers is part of the Capricorn Capital Group, an international family office with offices in London, Johannesburg and Hong Kong with a long history and speciality in alternative investments and backing fund managers.
The new platform brings together the alternative investment management and
Vela’s fully-hosted and managed Direct Market Access (DMA) Platform is now available in the Japan Exchange Group (JPX) site in the Tokyo region.
With a tier 1 investment bank among one of the first major clients at this co-location space, this access further strengthens Vela’s presence in APAC and is part of its wider expansion plans in the region to enable clients to trade additional markets, locally and globally.
By co-locating in cabinets with premier access to JPX markets, Vela is able to offer ultra-low latency order routing and market data to Osaka Exchange (OSE). With ASX already live
Broadway Technology, a provider of high-performance fixed income and foreign exchange solutions, has acquired 100 per cent of Barracuda FX, a global provider of FX order management technology.
With this acquisition, Broadway will continue to expand its product suite and deliver its multi-asset solutions across more parts of the investment lifecycle while allowing clients to automate additional workflows.
Broadway will retain the full Barracuda FX team, and Barracuda FX will continue to operate as an independent company run by Kieran Fitzpatrick, CEO, and Maurice Curran, COO. Both executives will also assume senior roles leading Broadway’s FX business, as Head
The Depository Trust & Clearing Corporation’s (DTCC) expansion of its Sponsored Service of its subsidiary Fixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC).
DTCC views this as the latest milestone in the transformation of the Treasury market.
This expansion broadens the category of market participants who can participate as sponsors. It also changes how the service can be used, with sponsors now able to let their clients trade with counterparties other than themselves, providing sponsored members with the same execution flexibility they have in the bi-lateral market today.
“The greatest benefit
The Standards Board for Alternative Investments (SBAI) has launched its Alternative Credit Working Group to explore current institutional investor priorities in the credit space, as well as standards and practices.
The Standards Board has also welcomed Angelo Gordon, Bridgewater Associates and Magnetar Capital as new Core Supporters.
The Alternative Credit Working Group will explore a wide variety of topics in the credit space, including managing conflicts of interests, investor transparency requirements and valuation of credit investments. The launch event on 12 March in New York, brought together leading credit investors and managers and was hosted by New Holland Capital,
Bermuda has a long history of commitment to upholding compliance with international best practices, while understanding and recognising the need for continuous improvement and management of the various stakeholders of the jurisdiction.
Bermuda has prudently taken strides to adapt, augment and reinforce its solid regulatory and legal environment with continuous sensible oversight that continues to position the jurisdiction as a leader among its peers. Insurers, investors, service providers and other business interests continue to react favourably to the thoughtful, yet purposeful way that the island has moved forward with more recent innovations such as fintech.
“Bermuda is consistently at the
By Matthew Ebbs Brewer, Sally Penrose & Alexis Haynes, Appleby Global – As interest continues to be shown to the growing digital asset industry, attention is being given to the concept of tokenising investments in mutual funds. In 2018, Bermuda implemented a specific legislative regime to regulate activities involving digital assets and has well-established investment funds legislation. This article considers how these two frameworks can work together so that those looking to launch regulated fund products involving digital assets are able to do so from Bermuda.
Initial Coin Offerings (ICOs)
ICOs made from Bermuda are regulated under the Companies Act
On 17 December 2018, Bermuda formally introduced the Economic Substance Act 2018, the measures therein becoming applicable with effect from 1st January, 2019. Its genesis resulted from Bermuda being placed on the EU’s grey list of jurisdictions due to concerns over fair taxation (and other factors), and which led to the Code of Conduct Group (‘COCG’) declaring Bermuda a ‘Criterion 2.2’ jurisdiction, along with other jurisdictions including the Cayman Islands, British Virgin Islands, Jersey, Guernsey and the Isle of Man.
To demonstrate its commitment to tax transparency, Bermuda’s government addressed the concerns raised by the COCG and moved swiftly to introduce
Q&A with Greg Wojciechowski – President and Chief Executive Officer, Bermuda Stock Exchange…
How would you summarise 2018 from a business growth perspective for BSX?
In general, 2018 was a solid year which saw the Exchange solidify its position as the global stock exchange of choice for the listing of Insurance Linked Securities.
For six years in a row, the BSX has maintained leading market share of the global ILS market. In addition to the number of listed securities growing, we also saw the jurisdiction of domicile of the vehicles expand. For example, ILS deals originating out of Europe and the
