Solutions
The Association for Financial Markets in Europe (AFME) has published an updated version of its Due Diligence Questionnaire (DDQ) which aims to harmonise and simplify the process of completing questionnaires for global custodians, sub custodians and banks that hold client money.
The aim of the document, now in its third iteration, is to reduce time and resources used by market participants to complete the annual due diligence process.
The AFME Due Diligence Questionnaire Task Force, comprised of approximately twenty Network Managers, diligently reviewed submissions proposed throughout the year by market participants.
Alan Cameron (pictured), Head of Market Strategy-Brokers,
IHS Markit, a specialist in critical information, analytics and solutions, has launched a new service that administers FIX connectivity for asset managers. The new offering enhances the managed service version of thinkFolio, the company’s order management (OMS) and portfolio modelling (PMS) solution.
By managing FIX connectivity on customers’ behalf, IHS Markit helps firms reduce cost and the technical complexity of self-administering a FIX network. Together, thinkFolio and the FIX network service give asset managers a comprehensive, hosted OMS and trading connectivity solution. The FIX connectivity service incorporates the NYFIX solution from Itiviti which connects over 1,500 trading partners via a global, low-latency
As discussed in the first part of our discussion with SEI on the potential of natural language processing (NLP) – click here to read – the company is currently in the early stages of exploring how NLP might enhance the way staff and clients interact with data. The aim of this initiative is to increase the overall level of engagement and grant users the flexibility to choose their preferred method of navigating information.
Omniex, an institutional investment and trading platform for crypto-assets, has extended its integration with top industry custody providers to include Kingdom Trust, a pioneer of crypto custody and one of the longest running custody providers in the space.
As part of its mission to make the end-to-end crypto investment and trading process as seamless as possible for clients, Omniex has been enhancing its post-trade processing component, the Omniex Settlement Center (OSC), for the OTC market.
“Whereas on-exchange the crypto settlement process is taken care of by the exchange, in the OTC space it has been like going back to
Lendingblock, a securities lending platform for digital assets, has secured an ‘in-principal’ decision from the Gibraltar Financial Services Commission (GFSC) to grant the firm authorisation as a Distributed Ledger Technology (DLT) provider.
The in-principle authorisation comes as Lendingblock completes its platform testing period with over 30 institutions worldwide. This puts the firm well on track to launch its institutional digital assets lending exchange as a fully regulated DLT provider early in the new year.
Steve Swain (pictured), CEO and co-founder of Lendingblock, says: “As a true believer in the importance of getting our industry into regulatory shape, seeking authorisation
NWT, a Mauritius-based full service fund administration firm that forms part of the AXYS group of companies, has selected the Pacific Fund System’s PFS-PAXUS fund administration system for its third-party fund admin business operations.
PFS-PAXUS offers a complete back-office fund accounting, portfolio valuation, fund pricing and transfer agency administrative solution that includes regulatory reporting, on a single, fully integrated system that satisfies the needs of the most sophisticated fund administrators.
NWT provides a full array of fund administration services for both open and closed-ended collective investment schemes including hedge funds, private equity investment vehicles and venture capital funds.
BCS Global Markets (BCS GM) an independent securities broker on the Russian Exchange, has launched a new trading product – a new synthetic prime brokerage offering professional and institutional investors simplified access to the Russian capital markets.
The synthetic prime platform, which BCS plans to expand into a global multi-asset platform, can be used by institutions of all sizes including hedge funds which have been viewed as too small to work with by other prime brokerages.
BCS says trading Russian instruments has traditionally been difficult from a regulatory, settlement and hedging perspective, but the new platform has been designed
Dinosaur Financial Group (Dinosaur), a challenger broker-dealer and a subsidiary of Dinosaur Group Holdings, has launched a new Global Foreign Exchange (FX) Trading Service.
The newly-formed FX team has over 30 years of international experience; as with its other services, Dinosaur say’s its execution will be anonymous, fast and accurate.
Dinosaur provides the option of electronic or voice trading and its portfolio includes spot, forwards, swaps, NDFs, options and deliverables.
Glenn Grossman, Founder and Chairman of Dinosaur, says: “We are pleased to announce our new FX service. With tier-1 banks increasingly ‘de-risking’, we find ourselves at an evolutionary
FE, the investment data, research and software provider, has joined forces with fundinfo, a provider of services for asset managers and distributors in Europe and Asia, and F2C, the Luxembourg-based business which runs fund data management platform, publiFund.
The combined firm – which follows the completion of specialist technology investor Hg’s investment in FE – will be led by FE chief executive officer Neil Bradford (pictured), with a new executive team comprising FE, fundinfo and F2C staff.
The three firms will fully integrate to create a single business with international reach, market leading products and services, a greater level
A new boutique brokerage firm licensed by the Financial Services Commission in the Cook Islands is providing a hub for algorithmic trading.
4xCube offers traders ultra-low spreads, Electronic Communication Network (ECN) trading, low latency, higher leverage, tailor-made partnership plans, and all kind of trading strategies for trading Forex, CFD, indices, commodities and cryptos.
Under Europe’s new ESMA directive, brokers are not able to offer leverage higher than 1:30 for retail investors. 4xCube is providing FX traders with an alternative option for algorithmic trading, as they are licensed in the Cook Islands, where they operate from an office in Rarotonga.
