Solutions
Traders around the globe now have access to a hybrid cryptocurrency derivatives trading platform, Blockchain Board of Derivatives (BBOD), which has launched in partnership with GMEX Technologies and is enabled by GMEX’s Fusion Technology Suite.
BBOD’s co-founder and CTO Chris Urbanowicz, who earned his PhD in econophysics, had devoted his academic and professional career to traditional economics and quantitative trading. After years of planning, development, and funding, Urbanowicz and his team have now launched the world’s first hybrid cryptocurrency trading platform.
Until now, cryptocurrency traders have had to choose between centralised and decentralised trading platforms, with no options
Copper.co, a crypto portfolio management platform for institutional investors, has launched what it says is the industry’s first server-less (offline) co-sign custody solution, Copper Unlimited.
Requiring multiple nominated key holders to verify transactions, Copper Unlimited aims to make transactions safer, more accountable, and less prone to human error.
Dmitry Tokarev, CEO, copper.co, says: “Finally, the cryptocurrency market is a viable opportunity for institutional investors. Copper Unlimited removes the security risk you get from key management systems that operate with a single point of failure, which is fundamentally what prevents serious investors from growing a portfolio of digital assets. Built
According to new research from TABB Group, “Equity Options: Transparency and Simplicity are Clearly Not the Same,” with no dark pools, hidden trades, internalisation schemes, and each execution hitting the tape being posted on a licensed and regulated exchange, trading in US equity options has propelled volume to more than 15 million contracts a day in May 2018 alone, as retail customers and firms continue to enter the space.
Larry Tabb (pictured), founder and research chair at TABB, who co-wrote the report with contributing analyst Alicia Reilly, warns that between the 15 exchanges, different matching methodologies (pro-rata and price time)
Euronext has acquired approximately 8 per cent of additional interest in FastMatch, a global FX spot market operator, operating as a Euronext company since August 2017.
In combination with the stake in the Company that Euronext acquired in August 2017, Euronext now owns an approximate 97.3 per cent interest in FastMatch.
The additional interest was acquired by purchasing the remaining shares owned by Dmitri Galinov, co-founding CEO of FastMatch, for USD.001 per share, following his termination for cause by FastMatch. The shares were purchased pursuant to the agreement signed at the time of the acquisition of the Company.
Fund administrator Apex Group (Apex) and Genstar Capital have jointly acquired Custom House, a global hedge fund administrator delivering services to alternative investment managers across Europe, Asia and the Americas.
The acquisition adds a further USD24 billion in assets under administration to the Group’s portfolio and is a strong strategic and cultural fit given its independent business model and focus on delivering a personal approach customer service. The addition of the Custom House business bolsters Apex’s existing hedge fund service arm. With offices in Beijing, Chicago, Dublin, Geneva, Hong Kong, Malta, Rotterdam, Shanghai, Shenzhen, Singapore, Sofia, and Sydney, Custom House
BlockTower Capital co-founder Ari Paul (pictured), has been appointed to the advisory board of Caspian, an institutional-grade crypto trading platform.
Caspian now connects to more than 25 exchanges and has 12 funds on its beta platform, with eight more clients expected later this month. The company will also be adding its first Over The Counter (OTC) desk as a destination later this month.
Caspian has also announced that it is allowing for a defined composite order book that aggregates and displays liquidity from more than 20 exchanges with the ability to trade against it using the Caspian Smart Order
GAM Investments has announced that all subscriptions and redemptions in its CHF7.3 billion unconstrained/absolute return bond funds (ARBF) have been suspended as of 31 July 2018, following redemption requests of over 10 per cent since the suspension of investment director Tim Haywood (pictured).
The high level of requests led to the firm using its ‘redemption gates’ – devices designed to prevent a fund’s collapse during a stress event, more usually caused by extreme market conditions.
The firm writes that although the funds have the necessary liquidity to serve these requests, the redemptions would lead to a disproportional shift in their
OTCX, an independent digital portal for price discovery and negotiation in OTC derivatives, has facilitated the world’s first electronic non-deliverable interest rate swaps in Colombian Peso (COP), Malaysian Ringgit (MYR), Chilean peso (CLP), Chinese Yuan (CNY) and Taiwan Dollar (TWD).
This interest rate derivatives activity in new risk reflects the opportunities available for increased portfolio diversification, and the exponential growth in demand for a digital solution to replace manual processes in OTC derivatives trading.
Reflecting this burgeoning demand, OTCX has also become the first to have facilitated and completed two-way electronic price discovery and negotiation in new risk in over
SteelEye, a compliance technology and data analytics firm, has published a White Paper outlining its best execution support for MiFID II’s regulatory technical standard, RTS27.
SteelEye has expanded its comprehensive regulatory solution to support the requirement for trading venues to provide quarterly best execution reports and is intended to provide transparency on the most competitive venues on which to trade.
All companies that make markets in all reportable asset classes that periodically publish data relating to the quality of execution will be required to comply with RTS27. This includes trading venues, systematic internalisers (SIs), market makers or other liquidity
Falling prices for cryptocurrencies, and an uncertain regulatory environment, in 2018 haven’t deterred new crypto investment funds from opening, according to new analysis from Crypto Fund Research.
The firm writes that 2018 is on likely to surpass the previous year in terms of the number of crypto fund launches.
Through July 31, Crypto Fund Research writes that there were 96 new crypto hedge funds and venture capital funds, an annual pace of 165. This would surpass the record 156 crypto funds launched in 2017. More than half of all crypto funds currently in existence have launched in just the last
