Solutions
Pacific Fund systems (PFS), a privately-owned technology company, is now offering a ‘one-stop-shop’ software solution for the automation of the complete range of back office fund administration services, focusing on an alternatives market which accounts for approximately USD7 trillion in assets invested globally.
PFS’ core product is the PFS-PAXUS system; an established market leading product that supports wholesale fund administration and the administration of all types of open and closed ended traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
PFS-PAXUS integrates all of the fund administration processes that are normally performed on multiple
Transaction Network Services (TNS), a provider of data communications and interoperability solutions, has expanded its managed hosting and market data services to provide clients with low-latency connectivity to key financial markets.
These enhanced capabilities are made possible through the expansion of TNS’ managed hosting services into the Aurora, Ill.-based Chicago Mercantile Exchange (CME) data centre, as well as the NASDAQ data centre in Carteret, NJ and the New York Stock Exchange (NYSE) data centre in Mahwah, N.J. Today’s announcement is in addition to TNS managed services offered at the 350 E Cermak Rd. (CH4) data centre in Chicago and NY4
Gresham Technologies plc, a software and services company that specialises in real-time data integrity and control solutions, has partnered with RegTek.Solutions, a specialist in global regulatory reporting solutions.
The Reconcile.Trade platform enables firms to meet the regulators’ requirement to ‘regularly reconcile front-office trading records against data samples provided to them by competent authorities’ (via ARMs or Trade Repositories). Now enhanced to use Clareti’s matching engine and rich exception management workflow, Reconcile.Trade on Clareti provides operations and compliance teams with transparency and proactive control over the accuracy of their reported data.
The first client, a global financial services provider, is
Tron Foundation and Tron (TRX) have been listed on the Malta-based digital asset exchange OKEx’s C2C trading market, where users can trade fiat to cryptocurrency.
The OKEx C2C trading platform aims to provide a convenient and decentralised platform for the public to get into digital asset trading. By offering a low-volatility market and zero transaction fee, the C2C platform allows users to place orders with self-selected exchange rate and payment methods to buy or sell digital assets from each other with fiat currencies. Currently there are five fiat currencies supported on the platform – British Pound (GBP), Chinese Renminbi (CNY),
JP Morgan Asset Management has added a new publication to its Market Insights Program; the 2019 Guide to Alternatives. Much like its sister publication, the Guide to the Markets, the Guide to Alternatives is designed to provide an objective analysis of the key themes impacting alternative asset classes.
The book delivers insight on macro topics such as fundraising and manager dispersion, while also diving into real estate, infrastructure & transport, private credit, private equity and hedge funds in detail.
“With expected returns from traditional asset classes under pressure, investors have been forced to look elsewhere in an effort to
Electronic US Treasuries (UST) trading venue, LiquidityEdge, experienced record trading volumes during February 2019.
On February 28, participants traded over USD 31 billion (single count) across both on-the-runs and off-the-runs. It also experienced a record week last month, with USD 101 billion traded between 21-28 February.
The surge in activity was due to the treasury auctions, calendar rolls and the record number of unique participants benefiting from the directed, disclosed model championed by LiquidityEdge. The flexibility in its structure allows clients to choose between one-to-one or many-to-many models, facilitating a combination of anonymous and/or disclosed streaming executable prices creating a bespoke
Apex Group Ltd (Apex) has acquired Atlantic Fund Services (Atlantic), a US-based fund administrator serving the traditional and alternative mutual fund market. Apex is a portfolio company of Genstar Capital.
The acquisition adds a further USD12 billion in assets under administration to the Group’s portfolio and is a strong strategic fit for Apex’s US expansion given Atlantic’s complementary mutual fund client base and specialist 40-Act service capabilities. The addition of the Atlantic business further builds on Apex’s growing presence in North America adding 75 people in Portland, Maine to Apex’s existing offices in Atlanta, Charlotte, Chicago, Costa Mesa, New York
Fenergo, a provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, has launched Fenergo Hierarchy Manager (FHM), an ultimate beneficial ownership (UBO) and counterparty hierarchy modelling and visualisation tool.
Built on the latest Force-directed graph technology, FHM aims to streamline anti-money laundering (AML) screening enabling financial institutions to better manage and mitigate risk.
The new solution provides financial institutions with a single aggregated view of hierarchy relationships, associations and beneficial owners via interactive analytics and dashboards. Users can now easily identify the connections between beneficial owners, associations, counterparties and customers, helping to highlight potential links to financial
AcadiaSoft Inc, a provider of risk and collateral management services for the non-cleared derivatives community, is to launch an Initial Margin (IM) Monitoring Service.
The service is designed to provide IM Phase 4 and Phase 5 firms with the ability to monitor their IM exposure and compare it to their estimated IM threshold in order to postpone negotiation and implementation of required legal documents. Once a firm meets their maximum IM threshold, the service will automatically trigger the onboarding process for CSA (Credit Support Annex) and custody agreement negotiation.
The upcoming service is in response to guidance recently issued
Stable, a venture backed fintech aiming to disrupt the commodity price risk management (CPRM) industry, has launched a risk management platform which is initially focussed on food and farming businesses in over 15 countries around the world.
Stable has raised USD6 million in seed funding from Anthemis, Syngenta Ventures, Baloise and Ascot Underwriting.
Price volatility is a major risk to sellers and buyers, yet the current financial tools to deal with price risk are currently designed for financiers, rather than farmers. Farmers require a minimum of 2000 acres to justify a Futures account, but less than 1 per cent
