Solutions
Ultimus Fund Solutions is the latest firm to join the The North American Fund Administration Association (NAFAA), a representative group for the alternative investment fund administration industry.
“With the recent acquisition of Woodfield Fund Administration, Ultimus has broadened its mutual fund administration services to include alternative investment funds and we are delighted to have them partner with us in enhancing the alternative fund administration industry,” says founding director, Chris Meader.
“Our involvement with NAFAA allows us to collaborate with other administrators in the US to bring new ideas and standards that will be beneficial for our firm, our clients
Axioma has launched new interactive dashboards that enable portfolio managers and risk managers to obtain valuable insights on risk from Axioma’s enterprise risk-management platform, factor risk models and full suite of market data.
“Axioma’s intuitive new dashboards expose risk insights trapped in analytics, spreadsheets, disparate databases and static PDF reports, to drive more informed investment decision-making,” says Ian Lumb, Managing Director, Head of Risk Solutions at Axioma. “The highly customisable dashboards provide managers with clear daily risk action plans for understanding what happened, why it happened and how it has changed – both day-over-day and over longer periods of time.”
Sterling Trading Tech (STT) has unveiled its first major expansion of sophisticated analytics for its RaaS (Risk-as-a-Service) solution, The Sterling Risk Engine.
The cloud-based, high performance solution calculates intraday, real-time risk-based haircuts and portfolio margin using the OCC’s TIMS methodology, in addition to simulating portfolio risk under user-defined market shocks and volatility shifts.
The Sterling Risk Engine launched in the Spring of 2017 and was the first commercial risk took to utilise sophisticated quantitative and big data techniques to manage risk in real-time for hundreds of portfolios. As the solution is cloud-based, there are no hardware or software requirements
IHS Markit, a specialist in critical information, analytics and solutions, has launched its Initial Margin Calculation Service with broad coverage for non-cleared derivatives across interest rates, equities, FX, credit and commodities.
A complex, five-phase international framework for posting initial margin began in 2016, and ISDA estimates more than 9,000 trading relationships and 1,000 counterparties will come into scope during the final phase of implementation in 2020. As this milestone approaches, asset managers face significant challenges in building or sourcing the data, risk sensitivity models and other tools required to calculate and manage initial margin.
The Initial Margin Calculation Service
The Stock Exchange of Thailand (SET) has signed a new licence agreement with Cinnober Financial Technology for a term of seven years, covering a multi-asset class trading platform for SET’s equities and derivatives markets, including index calculation and data dissemination functionality, built on Cinnober’s TRADExpress technology and the Scila market surveillance system.
SET has operated successfully using the software since September 2012, with a track record of 100 per cent uptime. During this period, the Thai exchange has strengthened its position in the market to become the most liquid equities exchange in the ASEAN region. In addition, derivatives trading volumes
Dash Financial Technologies has launched a new portfolio trading (PT) algorithm, a highly customisable workflow and execution solution with real-time transparency and analytics, allowing institutional clients to achieve their portfolio trading performance goals, however they choose to define them.
The algorithm was spearheaded by Dash’s PT group, led by industry veterans Barbara Francis (pictured), and Jennifer Hubbs, who leveraged their extensive experience consulting and executing for the largest buy-side institutions to design a seamless solution catering to a wide range of benchmarks and workflows.
“No two fund managers’ needs are exactly alike, and that’s especially true with portfolio trading,”
Cryptocurrency exchange platform ABCC has launched ABCC Cloud, a SaaS solution and a comprehensive suite of infrastructure to empower strategic partners and reach mutual benefits, including services of data, security, operating system, OTC trading, and finance.
ABCC aims for a long-term development in the blockchain technology and crypto ecosystem, thereby contributing to the ecosystem and empowering partners to build their own digital asset exchanges within a day.
By using the ABCC SaaS solution, ABCC says its partners can focus on business development and save manpower and resources on developing a platform from scratch. There are five core products and
SEB has become the first Scandinavian bank to offer FX algo trading to its clients through multibank portals Bloomberg and FX All.
Instead of traditional orders where clients call in for their orders to be executed, clients will now be able to place their orders themselves through FX Algos, a new portal which will give them the advantage of a transparent, smooth as well as automated trading solution.
Clients will completely own their order execution, being able to select their preferred strategy and follow the execution without the need of contacting their salesperson at the bank. SEB’s algorithms (algos)
Quorum 15, a global financial markets think tank, and Greenwich Associates, a provider of market intelligence and advisory services, have launched Q15 Digital, a new partnership venture that expands Quorum 15’s programme of industry forums, allowing a wider community of buy- and sell-side firms to participate in driving change in global financial markets.
Quorum 15 was established in 2008 to encourage dialogue between buy- and sell-side institutions and build consensus around the key issues impacting the trading of equities, fixed income and FX. Its members gather quarterly in a series of meetings held under the Chatham House Rule to pool
State Street Corporation has added two new macro indicators, focussed on currencies and countries, to its range of State Street MediaStats Indicators.
First launched in 2016 with State Street partner MKT MediaStats, the new indicators scan more than 100,000 digital media sources to help investors evaluate the impact of media sentiment on market behaviour and, more broadly, industry and macro economic trends. The new FX and Country Equity indicators provide daily sentiment scores that help investors understand media perceptions of foreign currencies and global equity markets.
“Our clients are particularly interested in currencies and equities, so we have expanded
