Solutions
The US District Court for the District of Massachusetts has ruled that the Commodity Futures Trading Commission (CFTC) has the power to prosecute fraud involving virtual currency.
James McDonald, CFTC Director of Enforcement, says: “This is an important ruling that confirms the authority of the CFTC to investigate and combat fraud in the virtual currency markets. This ruling, like the one in McDonnell from Judge Weinstein in the Eastern District of New York, recognises the broad definition of commodity under the CEA, and also that the CFTC has the power to prosecute fraud with respect to commodities including virtual currencies. We will
North Capital Investment Technology (NCIT), a provider of technology services for exempt securities offerings, has launched a new custody solution for funding platforms and introducing brokers.
The new service will enable the creation and funding of specialised brokerage accounts at North Capital Private Securities (NCPS), a wholly-owned subsidiary of NCIT, to hold cash and unregistered securities that have been issued in exempt offerings. NCPS was approved as a self-clearing broker-dealer in late 2016 by the Financial Industry Regulatory Authority (FINRA), the self-regulatory authority for registered Broker-Dealers. North Capital Private Securities is an SEC-registered broker-dealer, member FINRA and SIPC.
“Today, the settlement
Cinnober, an independent provider of exchange and clearing technology, is to make GAP600’s instant cryptocurrency transactions functionality available as an add-on service to Cinnober’s cryptocurrency exchange offering.
“GAP600’s instant confirmation service removes the lag time associated with cryptocurrency deposit transactions between users and exchanges,” says Eric Wall, Cryptocurrency and Blockchain Lead at Cinnober. “Such transactions can take 60 minutes or more until they are visible in the user’s trading account. Due to the volatility in the cryptocurrency markets, the value of the assets can change significantly during this time. This problem is removed with GAP600’s service.”
“The cooperation with
Caspian, a full-stack crypto trading and risk management platform for professional traders and investors, has partnered with B2C2, a cryptocurrency market maker and liquidity provider, in a move aimed at helping larger investors who want to increase their exposure to cryptocurrency markets.
“B2C2 is one of the largest crypto market makers and it is therefore great to have them as a partner. Our goal is to build an ecosystem of partners that can help sophisticated traders to work effectively and efficiently, so we are very happy to have B2C2 adding to our offer,” said Robert Dykes, CEO of Caspian.
Vela, a provider of trading and market access technology for global multi-asset electronic trading, has appointed Scott Visconti as CTO, focusing on technology strategy, supporting growth, and the next stage of development of Vela’s product stack, services, and processes.
Visconti (pictured), will be based in Vela’s headquarters in New York, reporting to CEO Jennifer Nayar. He will lead the global development team and work alongside the executive team to cement the firm’s position as an innovative and transformational leader.
Nayar says: “We are delighted that Scott has joined Vela. Having Scott as part of our executive team underpins our
Wealth management platform Dolfin’s Maltese unit, Dolfin Asset Services Ltd, has become a member of the Malta Stock Exchange (MSE). Dolfin CEO Denis Nagy took part in the MSE’s traditional ringing of the bell ceremony to mark the occasion.
The firm’s membership means that Dolfin’s traders in Malta and its clients have direct access to Malta’s securities market, both in bonds and equities. The move builds on the Dolfin Group’s ambition to offer a true one-stop-shop to its clients – for investment accounts, execution, or asset management – regardless of whether they custody their assets in London or Malta. Dolfin
Argentière Capital, a Switzerland-based alternative investment manager, has implemented Hazeltree’s treasury product suite.
Hazeltree Cash Manager enables centralised aggregation and monitoring of Argentière’s cash balances across a multitude of brokers, banks, and other counterparties; optimises cash usage and maximises yield while minimising currency risk; and, enables cash movements with a fully integrated wire solution.
Hazeltree Collateral Manager streamlines and aggregates Argentière’s OTC collateral management activity; compares and reconciles internal, independently-valued OTC positions against each counterparty’s view; and, efficiently responds to, issues, or disputes daily margin calls to minimise collateral use and open OTC positions risk.
Hazeltree Margin Manager
Northern Trust (Nasdaq: NTRS) has launched an outsourced trading capability designed to help asset owners and asset managers achieve better overall trading and performance outcomes.
The capability – Integrated Trading Solutions (ITS) – combines Northern Trust’s proven trading experience in equities and fixed income with comprehensive access to global markets, trading venues and liquidity. ITS enables seamless integration using advanced technology across trade execution, middle office, matching and settlement. The potential benefits to our clients may be reduced costs and reduced risks, while enabling the achievement of Best Execution* obligations.
“Institutional investors are at a tipping point, faced with unprecedented
James Williams, managing editor at Hedgeweek, assesses how data analytics techniques can be used to personalise client experiences for investment managers.
The amount of data is growing exponentially. According to IDC, there were 16.3 zettabytes of information generated in 2017 alone; one zettabyte is 1 billion terabytes. However you cut it, that’s a huge number. One that is too large to comprehend. In simplistic terms, according to one industry professional “if every piece of data were a penny, it would cover the earth’s surface five times over”. Indeed, with Amazon and Apple both hitting the trillion dollar market cap mark,
You may have read in our recent blog posts that October is National Cybersecurity Awareness Month. Of course, at Eze Castle Integration, we love to talk about IT security for alternative investment and professional services firms.
To participate in National Cybersecurity Awareness Month, Eze Castle Integration is launching a Cybersecurity Educational Series to guide the alternative investment industry through the complex and evolving cybersecurity environment. This educational series will include the launch of an online Cybersecurity Information Center, three new whitepapers and a series of educational webinars.
The Information Center features videos, guidebooks and articles on the latest
