Solutions
The European Energy Exchange (EEX) has published the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) on behalf of the Federal Republic of Germany.
The calendar complements the auction calendars which have been published in December 2018 for Poland and for the 25 EU Member States in the framework of the CAP2 auctions.
The EUA auctions on behalf of Germany will be scheduled on Fridays during the period from 1 February to 13 December 2019.
Since 1 January 2019, the Market Stability Reserve (MSR) is operating. Pursuant to Article 14(1)(l) of Commission
Temenos (SIX: TEMN), a banking software company, has formed a strategic collaboration with Bloomberg to deliver contingency Net Asset Value (NAV) calculations to buy-side institutions.
The company will make its leading Temenos Multifonds Global Accounting product accessible via the Bloomberg Terminal, so it operates with data, analytics, and other investment workflow services Bloomberg offers. This innovative and unique offering allows asset managers to generate NAV estimates independent of and in parallel to their fund administrators, enabling accurate daily oversight, and ensuring continuity of operations in the event of outages. As part of this global collaboration – initially focused in the
Canterbury Consulting, an investment advisory firm to endowments, foundations, family offices and high net-worth investors, has engaged New York-based EnTrustPermal to create a custom hedge fund-of-funds solution for its clients.
Canterbury’s engagement with EnTrustPermal will allow Canterbury to offer to its clients a custom hedge fund of funds solution without the inherent conflict of having its own product, a relatively new concept in the alternative investment and investment advisory space. This solution reflects Canterbury’s dedication to seek out innovative solutions that are well aligned for its clients. Notably, this comes at a time after significant change in the hedge fund
Charles River Development, a State Street Company, and AcadiaSoft have announced a business alliance to automate communication of margin calls and collateral estimates between counterparties in the Charles River Investment Management Solution (Charles River IMS) for OTC and exchange-traded derivatives.
EMIR, Dodd-Frank, OSFO-BSIF, and other regulations based on the Basel/IOSCO policy framework have increased collateral and margin requirements for non-centrally cleared derivatives. This has also led to a significant increase in margin call volumes.
AcadiaSoft’s MarginSphere, part of the AcadiaSoft Hub, helps streamline and automate the margin process within Charles River IMS, connecting market participants and service providers to
Catena Technologies has expanded the capabilities of its TRACE Reporting solution through integration with CME Group’s North American and European trade repositories.
TRACE helps financial institutions fulfil global regulatory obligations for derivative trade reporting. This integration enables TRACE customers to report derivative trades to European, US, and Canadian regulators via CME Group, building on existing support for Australian regulatory reporting. Together with CME Group, Catena is able to provide a solution that automates G20 trade submission and performs post-submission reconciliation for customers with global trade reporting requirements.
“We see a major opportunity to help financial firms in North America
Operational Due Diligence (ODD) specialist firms HedgeAssist and Catalina Partners merged on 1 January 2019.
The combined firms’ professionals, Arne Rovell, Patricia Watters, and Michelle Kline, provide a breadth of operational knowledge, legal and audit expertise, and investigative skills gained over their 64 years of combined industry experience to investors in, and managers of, alternative investment funds.
According to Rovell, gaps in an investment manager’s operational processes and third-party oversight translates into operational risk.
“Our services help investors couple their investment risk analysis with our ODD process in order to better assess total risk,” says Rovell. “We also
Maples Fiduciary, a division of MaplesFS and provider of specialised fiduciary, entity formation and management, insurance and administration services, has received a Trust Company Business Licence from the Jersey Financial Services Commission and has established an on-the-ground presence in Jersey.
The extension of its service offering to Jersey will include the provision of fiduciary services to corporate holding and structuring companies, limited partnerships and investment funds, as well as private trust services.
Jersey is one of the world’s leading international finance centres and its robust regulatory framework, political and economic stability and forward-thinking approach have kept it at
CoinfloorEX, a physically delivered bitcoin futures exchange, has been spun off from Coinfloor Group. The new entity will be known as CoinFLEX (Coin Futures and Lending Exchange) and will be owned by a consortium of technology companies, market makers and crypto investors.
These backers include Trading Technologies, Roger Ver, Mike Komaransky, Dragonfly Capital Partners, Global Advisors, B2C2, Amber AI, Grapefruit Trading and Alameda Research. Together, they will provide CoinFLEX with the scale, credibility and capital to allow it to fulfil market demand for a global, scalable and secure crypto futures exchange.
The new exchange will also introduce the world’s
AIMA and CAIA are proposing a new system to help reduce the complexity of current methods of risk ratings at investment dealer firms.
The Associations have published guidelines on these methods in response to new regulations and consistent feedback from AIMA member firms that retail risk ratings unfairly rate alternative products automatically as high risk.
The final amendments to regulation NI 81-102 will make alternative investment funds available to retail investors. This has the potential to expand the market for alternative investment products that were previously only available to accredited investors. Consequently, some early predictions anticipate the Canadian alternative
The Depository Trust & Clearing Corporation (DTCC) has received regulatory approval from the Swiss Financial Market Supervisory Authority to provide trade reporting services in Switzerland via DTCC’s Global Trade Repository service (GTR) in Europe.
DTCC’s GTR in Europe is the largest European Markets Infrastructure Regulation (EMIR)-registered trade repository in terms of reports collected from its clients, according to figures from the European Securities Markets Authority (ESMA). The service has more than 3,500 clients sending over 500 million messages per month, with 46 European regulators regularly accessing its data.
Now having also obtained recognition as a Foreign Trade Repository in
