Solutions
London-based asset management consultancy, MJ Hudson, has acquired Amaces, a data and analytics firm, which provides tools and consulting services to help institutional investors benchmark and monitor the cost and quality of the investor services they receive from their custodian banks.
The firm also provides innovative tools and related consulting services in the field of FX transaction cost analysis.
Founded in 2002 by two senior treasury and custody principals that worked together at Chase Manhattan (now JP Morgan) and then Citibank, Amaces has an established customer base and operations in Europe, as well as in the United States
Avelacom, a connectivity and IT infrastructure solutions provider for the financial services industry, has partnered with XTRD to provide ultra-reliable and low latency access to all major crypto exchanges globally.
Sub-millisecond market data and order routing, delivered over the Avelacom network will help XTRD to aggregate liquidity across exchanges in Asia, Europe and the US in the fastest way. Banks, hedge funds and large institutional traders can easily access new markets in addition to traditional financial exchanges and ECNs. In particular, this partnership enables improved arbitrage strategies across top ten Asian cryptocurrency exchanges such as BitMEX, Binance, Bittrex, Huobi and OKEx.
By Andrew Millar & Gerrard Finnegan, Estera – While New Year is generally a time of celebration, recent history has shown that it can also ring in a regulatory deadline or two. As the world welcomed in 2018, Europe saw the Markets in Financial Instruments Directive (MiFID II) come into force. And later this year, it’s the turn of the Cayman Islands, with a final deadline for the revised Proceeds of Crime Law landing on 31 December.
The revised Law has broadened the scope of entities that are subject to the Cayman Islands’ anti-money laundering (AML) laws and regulations. It
ErisX has closed a Series B funding from a group of investors spanning both the traditional capital and digital asset markets including Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures (NDAQ) and TradeStation Securities’ parent company, Monex Group Inc.
ErisX is receiving additional support from existing investors including CTC Group Investments, Digital Currency Group, DRW Venture Capital, Pantera Capital and Valor Equity Partners.
Led by Chief Executive Officer Thomas Chippas, Chief Commercial Officer Kelly Brown and Head of Clearing Liz James, among other derivatives and digital asset experts, ErisX will operate an intermediary-friendly, CFTC-regulated futures exchange (registered) and clearing organisation (registration
PEGAS, the pan-European gas trading platform operated by Powernext, reported its best monthly volume in 2018 with 193.3 TWh traded in November. Once again, the spot segment posted a strong activity with 103.9 TWh, including the highest traded volume on PEGAS TTF Spot with 42.1 TWh (previous record: 41.3 TWh in March 2018).
Spot trading volumes in November reached 103.9 TWh , up 40 per cent over the previous year (74.3 TWh). With its new record (42.1 TWh), the Dutch TTF market saw an increase of over 90 per cent (November 2017: 22.1 TWh). The German delivery zones NCG and
CryptoCompare, a global cryptocurrency market data provider, has launched new API service in response to customer demand for more complex and highly scalable cryptocurrency data solutions.
CryptoCompare provides real-time, high-quality and reliable market and pricing data on 5,600-plus coins and 260,000-plus currency pairs globally, bridging the gap between the crypto asset and traditional financial markets. In addition, CryptoCompare has a strong track record investing in data methodology and data accuracy, evidenced by the recent Taxonomy of Crypto Assets and the regular Monthly Exchange Reviews. These initiatives serve to bring rigour to the cryptocurrency market data and provide institutional and retail
Global fund administrator HedgeServ, and Hazeltree, a provider of integrated buy-side treasury management solutions, have expanded their existing partnership.
Powered by Hazeltree’s platform, HedgeServ will deliver comprehensive treasury and portfolio finance technology and operational support, as part of its enhanced middle-office treasury services to alternative fund managers.
Building upon their existing successful partnership around wires and OTC collateral management, HedgeServ and Hazeltree are responding to client demands for comprehensive treasury and portfolio finance solutions.
As part of this expanded partnership, HedgeServ is hosting Hazeltree’s entire suite of products and complementing them with integrated middle office outsourcing and operational
Linedata, a provider of credit and asset management technology, data and services, is teaming up with leading quantitative analytics firm, Trade Informatics (TI) to launch a new suite of execution analytics.
Harnessing TI’s Strategic & Tactical Analytic Research & Trading (START), a broker neutral, intelligent trading engine, Linedata’s clients are now able to minimise cost and maximise performance by creating workflows that tie order source alpha directly to their execution strategy.
Linedata and TI’s integrated offering provides actionable intelligence by combining analytics and trading. Powered by START, Linedata’s OMS now aligns TI’s advanced pre-trade cost estimates with the client’s
OKEx, a Malta-based digital asset exchange, has launched a new derivative product, Perpetual Swap, a peer-to-peer, virtual derivative developed by OKEx to enable traders to speculate the direction of the price of digital assets such as Bitcoin.
With the new addition, users of OKEx can now perform perpetual swap, futures contract, and spot trading with margin and leverage at one stop. Perpetual swap trading will be officially available at OKEx on 11 December 2018 at 01:00 (GMT+9).
Perpetual Swap has a mechanism very similar to futures contract, but with no expiry, and settlement occurs daily. Each swap contract has
Calastone, the global fund transaction network, is to migrate its entire global network of more than 1,700 financial organisations, across 40 global markets, to blockchain in May 2019 via the company’s new Distributed Market Infrastructure (DMI).
The migration connects one of the largest communities of global financial organisations using distributed ledger technology, marking a significant step for the digitalising of the funds sector.
The DMI creates a global funds marketplace, in which buyers and sellers can connect and transact. It creates an ecosystem within which the trading, settlement and servicing of funds is friction free, eliminating ever-growing risk and
