Solutions
NEX Markets, a provider of electronic trading technology services in the fixed income and foreign exchange (FX) markets, has released a new report highlighting greater transparency and improved behaviour in the FX market since the Global FX Code came into effect in May 2017.
In the report titled ‘The FX Global Code: changing transparency and behaviour’, NEX Markets has witnessed a significant reduction in hold times, reject rates and a tightening of spreads on the bilateral EBS Direct platform. This suggests an industry-wide move for greater transparency and improved market behaviour.
Of the top 10 liquidity providers (LPs) on
Carey Olsen’s corporate team in Jersey has acted on the launch of the GNY Token by gny.io Limited – one of the first initial coin offerings (ICOs) to receive consent from the Jersey Financial Services Commission (JFSC) since the publication of the JFSC’s ICO Guidance Note.
The GNY Token is a cryptographic utility token that enables its holder to gain digital access rights to a decentralised machine learning predictive platform for the blockchain. The GNY platform combines cutting edge machine learning with state-of-the-art algorithms to forecast user behaviour and to provide business, marketing and social impact solutions that are predictive,
By Olivia Munro, EzeCastle Integration – When it comes to cloud terminology, the definitions can be…cloudy…for lack of a better word. While cloud computing is considered a business imperative, it can be complicated trying to decipher which model is best for your firm. Traditionally, the financial sector has outsourced to the private cloud due to the security it provides around the industry’s highly classified and sensitive data. Now, many firms are moving to a hybrid cloud strategy, a mix of public and private cloud models.
Recently, we’ve seen a new model emerge: the multi-cloud strategy. While the multi-cloud
Link Fund Solutions (Luxembourg) has been granted a license to act as UCITS Management Company and Authorised Alternative Investment Fund Manager by the Commission de Surveillance du Secteur Financier (CSSF).
Part of Link Asset Services, the Link Fund Solutions third-party ‘Super ManCo’ will provide its services to fund initiators from around the globe, offering its clients state-of-the-art risk management as well as a comprehensive oversight and governance framework with solid local substance.
The move underlines Australian-owned Link Groups’ growth strategy of targeting key European markets. With existing Luxembourg capabilities, the firm continues to build on its significant expertise in
By Amanda Daly, EzeCastle Integration – If you are launching a new firm or enhancing the operational efficiency of an existing firm, choosing an external provider to outsource your IT needs is an important decision that should be made after careful consideration and evaluation. To help with the evaluation process, here are our top considerations to keep in mind when evaluating IT providers and which best suits the needs of your firm.
Availability & response time
When searching for an IT provider, you need to make sure that your IT provider has good availability. If the network does not sleep, neither
Newton Crypto has entered into a partnership with DVX Capital Markets, an affiliate of DV Trading and DV Chain, and the parent company of Independent Trading Group (ITG), a Canadian broker dealer regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
DV will invest up to USD15 million in debt and equity, dependent upon Newton reaching specified performance targets.
As Canada’s first commission-free cryptocurrency brokerage, Newton does not charge funding or trading fees. Newton’s native iOS and watchOS apps support Bitcoin, Ethereum and Litecoin trading. Currently in closed beta testing, Newton is planning to launch open trading in
CloudQuant has announced a new crowdsourced trading strategy license agreement. This marks the eighth successful partnership with a global algo developer since CloudQuant’s public launch one year ago.
Researchers receive 10 per cent of net trading profits under the terms of the license agreement.
“A crowd researcher can take home USD100,000 per year if his or her licensed trading strategy has a 10 per cent return on investment and is trading a USD10 million or more risk allocation. This type of payout is possible for a college student, data scientist or market enthusiast,” says Tayloe Draughon (pictured), senior product manager.
Kingdom Trust, a regulated financial institution offering qualified custody for digital asset investments like Bitcoin and Ethereum, has secured insurance for assets held on its qualified custody platform through Lloyd’s of London.
“Qualified custody by a regulated, insured financial institution is a top priority and critical hurdle for institutions to invest in the digital asset markets,” says Matt Jennings, CEO of Kingdom Trust. “By adding another trusted specialist like Lloyd’s to our platform, we’re ensuring that current and future clients will have access to a highly-secure, complete safekeeping solution tailored to meet the challenges of institutional finance.”
The company
SmartStream Technologies has added Quality Assurance (QA) testing as a service for its TLM Collateral Management solution. The new service enables collateral administration desks to stay current with changes in the market and regulations, whilst providing the best service to clients.
Many banks have stringent internal testing requirements for new functionality to ensure continuity, connectivity and integration. To reduce the amount of time and expertise devoted to this rigorous testing regime, whilst optimising the effort, cost and outcome, SmartStream is partnering with banks to provide QA testing as a service, delivered by its TLM Collateral Management platform.
SmartStream will
Coinfloor’s spot exchange in Gibraltar has received an in-principle authorisation as a distributed ledger technology (DLT) provider from the Gibraltar Financial Services Commission under the jurisdiction’s Financial Services (Distributed Ledger Technologies Providers) Regulations 2018.
Introduced in January this year, the regulations are aimed at supporting the sustainable growth and globally transformative potential of distributed ledger technology and have been designed to provide “an efficient, safe and innovative regulatory framework for firms engaging in activities not otherwise subject to regulation”.
Amadeo Pellicce, COO of Coinfloor, says: “In Gibraltar we have found an excellent mix of credible and forward-thinking industry players,
