Solutions
With the rise of social media platforms over the last decade, led by Facebook, the way we think about connecting and interacting with people has drastically changed. LinkedIn provides a similar experience for our professional lives, while Amazon and Netflix seemingly know what we want to buy or watch before we’ve even thought about it.
This has created a unique experience where the customer feels as if they have a close relationship with the platform provider, despite being one of millions of people all benefiting in the same way.
Within the hedge fund space, one of the most important client
Mini primes and those looking to establish new prime brokerage businesses are currently a big focus for SS&C Advent, according to Roger Woolman, Business Development Director, Asset Management & Alternatives.
Over the years the firm has built long-running relationships with some of the world’s largest prime brokerages and are, without doubt, highly valued clients. But as Woolman says: “The more interesting area for us, from a new business development perspective, is firms who are looking to break into the PB arena, such as mini primes.
“We have a number of mini prime clients in the UK already and we are
The art of a good stock picker is identifying companies in obscure parts of the market that have yet to reach their full value potential, or, when it comes to shorting, have artificially high valuations. But aside from this, another skill is being able to construct trades that move anonymously through the market without signaling to others what the portfolio manager is doing.
This is something that Wedbush Prime Brokerage excels in, supporting emerging managers who have the nimbleness and dexterity to trade smaller positions.
“A long/short equity manager might focus on an obscure pharmaceutical stock, for example – many
In many, if not most, cases, capital introduction teams at prime brokers have tended to function as ‘quasi marketers’ for their hedge fund clients. The name of the game appears to be getting their clients in front of as many investors as possible, and quite often this means doing so without truly taking the time to understand what investors are looking for.
Cowen Prime Services LLC capital introduction and business consulting team takes a much more measured approach and is taking the opposite side of the trade.
“We’re not acting as distributors of information or products, we are looking to
The first quarter of 2018 saw prime brokerage revenues jump 20 per cent to USD4.9 billion for the largest investment banks according to a report from Coalition, which monitors the industry.
As the Financial Times wrote on 23 May 2018, this revenue boost was the highest in almost three years among the world’s 12 largest investment banks but signs of a sustained period of growth appear short lived. Volatility earlier in the year has not continued.
This is the fuel that hedge funds use to increase their trading activity – in so doing, increasing the revenues earned by prime brokers for giving
Global network provider BSO has partnered with Hoptroff London, the time-synchronisation software specialist, to provide the financial services community with the first fully traceable accurate Time-as-a-Service (TaaS) on the market.
Since MiFID II went live in January, the entire financial ecosystem has a growing demand for a precise reading of when a trade is executed, so traceable, accurate, synchronised timing has become crucial. This new partnership combines Hoptroff’s market-leading Global Timing Network and AI enabled Time-Suite software with BSO’s global low-latency network reach, providing firms with a timestamp of trades to within ten micro-seconds of the primary reference standard of Universal Time (UTC).
This
Issuance is developing a platform that aims to give the increasing supply of digital securities offerings (DSOs) direct access to institutional and retail investors alike.
Issuance will offer compensation and early access to high quality deals as incentives for its investors to authenticate their identity, share details about their investment profile and deal preferences, and engage with DSO issuers.
“We know that digital securities are the next mega-trend in capital markets, and our experience in regulated markets tells us that deal marketing will be the single biggest challenge for any DSO issuer,” says Darren Marble (pictured), CEO of Issuance.
The Bermuda Monetary Authority (BMA) has released an Information Bulletin outlining what documentation is required when submitting an application for a digital asset business (DAB) licence.
The Digital Asset Business Act 2018 (the Act) makes provision for DAB licenses. To supplement the Act, the Digital Asset Business (Cybersecurity) Rules 2018, Digital Asset Business (Client Disclosure) Rules 2018, and Digital Asset Business (Prudential Standards)(Annual Return) Rules 2018 are also in effect.
Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) legislation applicable to the other financial sectors also applies to DABs. As a result, Bermuda is one of the few jurisdictions that has comprehensive legislation
Institutional-grade crypto trading platform Caspian has raised USD16million in a pre-sale of its CSP token. The platform is now live and no longer in beta testing.
Caspian says it has 170 institutional-grade customers interested in on-boarding to its platform, with 15 customers already using it.
Caspian’s platform provides a single interface into all major crypto exchanges, as well as real-time and historical P&L and exposure tracking. The system has been designed to meet the needs of institutional investors who need to execute trades and maintain target allocations across many exchanges.
Pre-sale investors and customers include Galaxy Investment Partners,
Nasdaq has made a USD190 million all cash recommended public offer to acquire Cinnober, a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide.
Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure technology providers.
“The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq,” says Adena Friedman, President and CEO, Nasdaq. “Not only have the global capital markets continued to evolve rapidly, but also new marketplaces in various industries are demanding market technology
