Solutions
The introduction of the Tax Cuts and Jobs Act (TCJA) in the United States last December has been keeping tax specialists and accountants particularly busy, as hedge fund managers and family offices seek to best position themselves under this new tax regime.
Kaizen Reporting (Kaizen), a specialist regulatory reporting firm, is extending its award-winning assurance service, ReportShield, to cover MiFIR trade reporting.
Under MiFID II, investment firms are required to report on both trades and transactions. Trade reporting improves the near to real-time trade transparency information published to potential investors. Financial details of trades are reported to an Approved Publication Arrangement (APA) for dissemination to the market. In transaction reporting trade details must be reported in T+1 to an Approved Reporting Mechanism (ARM) which validates the data before sending the reports to regulators.
Kaizen has hired Chris Machin (pictured), who was instrumental
QCP Capital, an Asian digital-asset trading firm, has connected to the trading platform of Seed CX which, through its subsidiaries, offers a licensed exchange for institutional trading and settlement of spot digital asset products and plans to offer a market for CFTC-regulated digital asset derivatives.
With this connection, Seed CX is bridging geographically disparate liquidity pools by providing Singapore investors access to a licensed and regulated exchange, and U.S. investors to liquidity and order flow from the extensive digital-assets trading ecosystem in Asia.
“Seed CX’s mission is to be the preferred trading venue for leading institutions across the world,”
Copper.co, a crypto portfolio manager for institutional investors, has launched a bespoke prime brokerage for digital assets.
The SEC has issued and settled charges against professional boxer Floyd Mayweather Jr and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs).
These are the SEC’s first cases to charge touting violations involving ICOs.
The SEC’s orders found that Mayweather failed to disclose promotional payments from three ICO issuers, including USD100,000 from Centra Tech Inc, and that Khaled failed to disclose a USD50,000 payment from Centra Tech, which he touted on his social media accounts as a “Game changer.” Mayweather’s promotions included a message to his Twitter followers
Refinitiv and Tradeweb Markets (Tradeweb) have renewed an agreement to make certain Tradeweb market data – including new data sets – available for exclusive redistribution through Refinitiv.
The expanded, multi-year agreement enables financial professionals to access Tradeweb data across multiple Refinitiv platforms and solutions, based on the user’s individual preferences and workflow requirements. This includes Refinitiv’s flagship financial platform, Eikon, as well as Elektron, Datascope, Refinitiv cloud-based solutions, and Tick History. The new agreement provides for the delivery of additional data sets across multiple fixed income instruments across credit, rates, money markets as well as cash and derivatives. The data
BSO, an ethernet network, cloud and hosting provider, and Kaiko, a provider of institutional grade crypto currency market data, have partnered to deliver real time market data with direct connectivity to clients from connected crypto exchanges.
The first implementation will see BSO delivering a live-streaming low-latency, secure market data feed from Equinix NY4 for current investors of Gemini, the first exchange to have collocated its servers in an institutional grade data centre, which allows for a cross connect to be implemented and thereby allowing Kaiko clients to access data directly.
Gemini, founded in 2014 by Cameron and Tyler Winklevoss,
Powernext is to introduce financially settled LNG contracts on its trading platform PEGAS, expanding its extensive European offering for spot and futures gas trading with a globally traded commodity.
This is another significant step for EEX Group as it moves into the global commodity exchange space.
The new LNG products shall be introduced in February 2019 and will be settled against the Platts JKM assessment published by S&P Global Platts.
In recent years, the market for liquefied natural gas (LNG) has grown significantly and Platts JKM® has also grown in relevance, both in Asia and Europe, enabling Powernext
Alternative investment firm Oak Hill Advisors has implemented Hazeltree’s cash and collateral management suite to manage operational risks, strengthen controls, drive efficiencies and increase yields on excess cash.
Hazetree Cash Manager enables centralised aggregation and monitoring of Oak Hill’s cash balances across more than 25 brokers, banks, and other counterparties; and, the execution of cash movements and payments of more than 100 wires daily via a fully integrated wire solution, including multi-level authorisations, robust controls and detailed audit trails.
Hazeltree Collateral Manager, meanwhile,streamlines and aggregates Oak Hill’s OTC collateral management activity; compares and reconciles internal, independently-valued OTC positions with
Avelacom has launched a new point of presence (PoP) in Equinix’s Tokyo (TY3) International Business Exchange (IBX) data centre providing trading firms with faster and more reliable connectivity between TY3 and Equinix’s London (LD4/5) data centre facilities.
The new London-Tokyo route delivers the lowest latency in the market – 145.3 milliseconds (round-trip).
The London-Tokyo connectivity is designed to serve the needs of financial services firms, enabling them to access market data and send orders at the highest possible speed and improve overall trading performance. London and Tokyo are core FX markets, accessed by the leading bank and non-bank liquidity
