Solutions
JTC has provided corporate services to the world’s largest cryptocurrency exchange, Binance, for the launch of its Jersey platform, along with Carey Olsen who provided legal and regulatory advice for the launch.
Binance Jersey will provide secure and reliable sterling and euro to cryptocurrency (bitcoin and ethereum) exchange, enabling investors in Europe and beyond easy access to the rapidly evolving cryptocurrency market, and an alternative to standard currency (fiat) exchange.
JTC provided a range of specialist services to ‘incubate’ Binance Jersey ahead of its live launch, with a particular focus on bespoke technical compliance services that ensured Binance Jersey
Riding a wave of growth powered by restrictive global financial reforms, specialist prime broker Invast Global has announced the opening of a new Hong Kong office.
“Hong Kong is a hotbed of start-up and emerging hedge funds and brokerages,” says Invast Global CEO Gavin White. “We’ve built a reputation for being at the forefront of new technology, winning awards for innovation, whilst maintaining a human, flexible and client-centric approach.”
“We believe this dynamic and exciting market strongly complements our trademark, responsive and high-tech approach and we look forward to giving Hong Kong’s innovative businesses an alternative to the traditional
TriOptima, an infrastructure service that lowers costs and mitigates risk in OTC derivatives markets, has launched triCalculate IM Analytics, which provides crucial insight into the options for initial margin (IM) calculation, helps with the identification and prioritisation of in-scope counterparties and aids trading decisions to reduce future IM costs.
The service supports organisations that are in-scope for Phases 4 and 5 of the initial margin requirements, which come into effect in 2019/20. These two phases are anticipated to pull in thousands of regional banks and buy side participants with portfolios above EUR750 billion and EUR8 billion in notional value respectively.
Indus Valley Partners, a provider of technology solutions to the buy side, has launched a new CAT module for its global regulatory reporting platform, IVP RAPTOR.
Designed to assist funds in complying with FINRA’s proposed consolidated audit trail (CAT) initiative, IVP’s CAT module enables users to streamline daily regulatory obligations in an effectively managed and timely manner.
CAT, which will go live in November 2019, is a single, consolidated central repository that collects information on trade origination, order reporting, cancellations, modifications and executions for all exchange-listed equities and options throughout the US National Market System (NMS).
With the
Richey May Technology Solutions, a division of Richey May & Co, has developed a comprehensive cybersecurity program specifically designed to assist hedge fund managers in addressing critical cybersecurity compliance requirements, including NYDFS.NYCRR.500, GLBA, and SEC rules related to information security.
The program includes an initial maturity assessment, which is designed to cost-effectively assess a fund’s current posture related to information security and privacy. A report is delivered to fund management that highlights risk areas and gaps identified during the assessment, as well as recommendations for addressing and mitigating key risks through the use of technology, enhancements to policies and procedures,
GMEX Technologies (GMEX), a provider of multi-asset exchange and post-trade business and technology solutions, has launched ForumCustody and ForumWallet, part of the GMEX Fusion product suite, to include Digital Custodian and Vault capabilities.
GMEX Fusion delivers digitally enabled hybrid trading and post trade solutions for exchanges, clearing-houses and central securities depositories (CSDs) taking advantage of the inherent positive characteristics of both centralised and distributed ledger technology.
Institutional investors are increasingly investing in digital assets and require custodians who are able to deliver exchange custody, self-custody or third-party management of their digital asset accounts. The new cryptocurrency and digital asset
Optima Partners has appointed compliance industry veteran Portia Amato as a Director in the firm’s New York office.
Amato (pictured), brings nearly two decades of experience in providing compliance services for the investment management industry. In her new role, Amato will be responsible for maintaining client relationships and working with management to drive further growth for the firm, which has more than 500 clients including hedge funds, private equity and venture capital firms, broker dealers, and global banks.
Before joining Optima, she was a Compliance Officer at DRA Advisors, a New York-based investment advisory firm specialising in real estate
Blockchain technology company Currency.com has launched a fully-functional trading platform for tokenised securities, which allows investors to trade, invest in, and benefit from exposure to, real-world financial instruments by directly using cryptocurrencies.
Currency.com is accessible to all types of investors and will issue over 10,000 tokenised securities (starting with 150+), which will track the underlying market price of common financial instruments, such as global equities, indices and commodities. For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of
eVestment, a specialist in institutional investment data and analytics, and PitchBook, a data provider for the private and public equity markets, have formed a strategic partnership through which PitchBook’s private market fund performance data is now available in the eVestment Private Markets platform.
The partnership offers eVestment Private Markets users the ability to access PitchBook’s fund-level performance data for more than 6,700 private market funds and 3,100 firms within the eVestment Profiles module – a global database of private markets firms. Additionally, users can leverage PitchBook Benchmarks, the data provider’s stand-alone performance measurement product, in their research and quantitative assessments
QuantHouse, an independent provider of systematic trading solutions including market data services, algo development tools and global network infrastructure has been selected by Quest Partners (Quest) to support the diverse needs of the firm’s automated traders.
Quest specialises in research-driven, multi-asset, quantitative trading and is known for trading complex, disciplined strategies leveraging volatility changes across a wide range of global exchanges. Their algorithmic traders connect to over 80 liquid markets including commodity, currency, equity index and fixed income venues. To meet the organisation’s need for high quality data and technology, Quest has chosen QuantHouse, a specialist in the quant space
