Solutions
Omniex, an institutional investment and trading platform for crypto-assets, and Gemini, a regulated institutional crypto exchange, have cross-connected in Equinix’s low-latency NY5 data centre which caters to large financial institutions and electronic trading ecosystems.
The partnership to deliver the connectivity, features and high-performance trading experience institutional investors need, but was previously missing in the world of crypto investing.
“Fragmented and immature crypto market structure has left institutional investors at a loss for robust solutions, forcing some providers to resort to tweaking platforms engineered for other asset classes,” says Hu Liang, CEO and co-founder of Omniex. “Cross-connecting to Gemini in
“I would say every day I get two or three inquiries on some crypto or blockchain-related project. There is a lot of interest in all things crypto here in the BVI,” observes Michael Killourhy, Partner at Ogier (BVI).
Such is the level of interest that earlier this year, Killourhy (pictured) noted in a briefing that the BVI was keen to investigate a role in this new capital raising phenomena, which, it is believed, raised an estimated USD3.5 billion in ICOs around the world during 2017.
According to Cryptobriefing, over the first six months of 2018 the BVI saw
By Phillip Graham, Partner, Harneys – The BVI is reportedly the second biggest cryptocurrency market in the world, according to statistics published by CoinShares, which used data collected from the 15 biggest cryptocurrency exchanges and concluded that the BVI had a trading volume in crypto assets valued at USD78.5 billion, in the first six months of 2018. This puts it just USD5.3 billion behind the USA. We also noted in a recent PwC report that two of the three largest Initial Coin Offerings (ICOs) have also been domiciled in the BVI.
These startling statistics come as no surprise to those of us
The BVI remains an attractive option to US and Asia Pacific fund managers thanks, in large part, to new structures such as the Approved Fund and Incubator Fund, according to Peter Jakubicka, Business Development Manager at Circle Partners.
Circle Partners (Circle) is an independent fund administrator with offices across the EU, the Americas and Asia and is able to guide start-up managers through the whole process of bringing a new fund to market in all major fund jurisdictions.
“At the pre-launch phase,” says Jakubicka, “we give clients good advice on how to set up a legal structure in the BVI,
When Hurricane Irma, a Category 5 storm, struck the BVI on Wednesday, 6th September 2017, it had a devastating impact, wiping out critical infrastructure and denying inhabitants any electricity supplies for six months. It was a moment of collective grief, but the BVI’s resilience and collective spirit shone through. In short, its response was as strong and as focused as the storm that bore down that day.
Incredibly, despite the carnage, there was very little business disruption.
As Simon Schilder, Partner at Ogier who once lived in the BVI but is now based in Jersey, recalls: “Our disaster recovery plan worked
The Depository Trust & Clearing Corporation (DTCC) has announced new partnerships with Broadridge, FIS Global, Murex, RegTek.Solutions and SimCorp to support mutual clients with forthcoming Securities Financing Transactions Regulation (SFTR) obligations, which are anticipated to take effect in Q1 2020.
The firms will efficiently link their SFTR solutions to DTCC’s GTR leveraging DTCC’s open architecture, thereby allowing market participants to benefit from straight-through reporting workflows and lowering the cost of implementation. GTR’s Partner Program includes a network of 150 service providers, who provide automated solutions from trade capture to SFTR reporting leveraging ISO 20022 standards and delivering straight-through capabilities and
IIS, Drupal, and Oracle WebLogic web technologies experienced increased attacks in Q2 2018. According to a new threat report from eSentire, the largest pure-play Managed Detection and Response (MDR) provider, IIS attacks showed a 782x increase, from 2,000 to 1.7 million, since last quarter.
Analysis of the attacks by eSentire Threat Intelligence revealed that both IIS and WebLogic exploits maintained a consistent number of attacks (about 200) per IP across organisations, with those attacks originating from servers hosting Apache, RDP, SQL, IIS, and HTTP API services.
Most sources targeting IIS web servers originated from China-based IP addresses. According to
Montréal Exchange (MX), Canada’s derivatives exchange, now opens for trading at 2:00 am EDT, or 7:00 am London time.
The move to extend its trading hours is in response to an increase in activity and demand from MX’s global clients, particularly during the early trading session. MX’s regular trading session has increased in duration by four hours, with trading now available between 2:00 am to 4:30 pm ET (7:00 am to 9:30 pm London time), and a pre-open or order entry session beginning at 1:30 am ET (6:30 am London time).
Designed as a trading and risk management solution
KOGER Inc has enhanced its anti-tax evasion software KURE with capability for automated tax reporting.
KURE is designed to streamline tax certification, validation and filing for compliance with anti-tax evasion regulations, the US Foreign Account Tax and Compliance Act (FATCA) and Common Reporting Standards (CRS).
“The new anti-tax evasion functionality simplifies all of the administrative compliance functions involved with tax forms, authentication and filing. KOGER’s KURE technology is a comprehensive digital solution that automates and streamlines the complex processes involved with anti-tax evasion compliance, as well as financial crime prevention, over the complete investor lifecycle,” says Ras Sipko, KOGER Chief
The Derivatives Service Bureau (DSB) has announced additional service improvements for 2019, as well as estimated 2019 user fees of 4 per cent below 2018 levels, assuming similar uptake of the service amongst the OTC derivatives community.
The DSB is a fully automated generator of International Securities Identification Numbers (ISINs) for OTC derivatives. The DSB is the first numbering agency designed to operate on a global basis to meet the particular requirements of the OTC derivatives markets including near real-time allocation of ISINs.
The 2019 financial projections incorporate additional service improvements requested by industry during the 2018 consultation process, including increased
