Solutions
As Bitcoin continues its recent rally, Jon Cotton (pictured), Head Strategist at global cryptocurrency prime brokerage BCB Group, has commented on why this latest move may point to a sustained move upwards for the currency in the medium-term.
“As trading volumes increase to sizeable levels and Bitcoin breaches our previously noted important resistance level of USD7740, according to our analysis the recent rally has put the currency back above an uptrend dating back to November. Bitcoin has also broken over its 50-day moving average for the first time since April, and finally broken north of the downtrend from the December high. In
USAVE Blockchain (USAVE) is to partner with GMEX Group (GMEX), a provider of exchange, post-trade and digital technology solutions, to build the digital Monaco Gold Spot Exchange (MGX) which will enable secure trading of physical eco-responsible gold.
GMEX will deliver the full GMEX Fusion technology suite to the new exchange as part of its Market Advancement Programme. As part of the agreement GMEX has also acquired a 30 per cent stake in USAVE.
USAVE provides an alternative ecosystem for today’s gold production and distribution standards. It enables an ethically sourced gold supply chain from the miner, with connected hardware recording
A paper on the impact of the Securities Financing Transactions Regulation (SFTR) reveals that transaction reporting for securities financing trades may create five times as many reports as trades when the regulation takes effect, which is expected in early 2020.
The paper was jointly published by The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, and its consultancy partner: The Field Effect.
The paper also highlights that SFTR is likely to significantly impact trade booking models and affect 60 per cent of current processes resulting in the need to develop
OANDA’s Exchange Rates API now offers forward rates to corporate clients around the world.
In addition to OANDA’s existing daily averages, real-time (spot) rates, central bank exchange rates and tick-level data that already helps help treasury, risk management and finance departments mitigate currency exposure and optimise efficiencies, OANDA’s forward rates data will be of value to organisations that are looking to monitor the mark-to-market value of forward contracts.
This new data set aims to provide corporate treasurers and finance directors with an accurate, trustworthy view of the forwards market, offering over 360 forward rate currency pairs – more than
Volumes on FXSpotStream grew at the fastest rate of all reporting eFX cash venues during the first half of 2018.
Alan F Schwarz, CEO of FXSpotStream, says: “Our Average Daily Volume (ADV) was up 49 per cent in the first six months of 2018 versus the same period in 2017. During the first half of 2018 we supported a total of USD3.56 trillion reflecting an increase in overall volume of USD1.15 trillion when compared to the first half of 2017.
“In June we also crossed the USD30 billion ADV mark for the first time hitting an ADV high of
Itiviti, a global provider of multi-asset trading technology and financial infrastructure, today announced that India-based brokerage firm Edelweiss Securities Limited (ESL) has deployed Itiviti’s client connectivity and trading solution to support its algorithmic trading business.
ESL made the decision to replace its existing system with Itiviti’s modular solution to better capitalise on trading opportunities in India’s dynamic, fast-growing markets.
By leveraging the Itiviti OMS and connectivity solutions, ESL says its trading desk can now efficiently execute trades and manage order flows on all Indian exchanges. Itiviti’s technology, integrated with ESL’s existing applications and infrastructure, provides a highly scalable trading
Sumitomo Mitsui Trust Bank (USA) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the Depository Trust & Clearing Corporation’s (DTCC) ALERT Global Custodian Direct (GC Direct) workflow.
With GC Direct, SuMi TRUST USA can maintain and provide standing settlement instruction (SSI) data to its clients through ALERT, the industry’s largest and most compliant online global database for the maintenance and communication of account information and SSIs.
“SuMi TRUST USA is enthusiastic about being the first Japanese global custodian utilising GC Direct,” says Douglas Shivers, Head of Global Custody Administration at SuMi TRUST
Fintech company seriesOne has partnered with Securrency, a provider of financial and regulatory technology products for the tokenised issuance and trading of securities.
seriesOne will utilise Securrency’s platform and products to enable its customers to conduct securities token offerings (STOs) in a secure and regulatory-compliant fashion. In addition, the joint venture between seriesOne and Securrency will establish and secure regulatory approval for an alternative trading system (ATS) for the secondary market exchange of tokenised securities.
“We believe that Initial Coin Offerings and security tokens represent the next generation of capital formation for businesses,” says Michael Mildenberger (pictured), Founder
Albar Capital, a new hedge fund led by Javier Velazquez – formerly of Millennium Capital Partners – is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system.
“The FlexNOW team was instrumental in solving several of our problems,” says Jason Ruder, Trader at Albar Capital. “Not only are they helping us with our compliance requirements, they are also responsive to requests that improve my workflow.”
According to Rhyd Lewis (pictured), FlexNOW Product Manager, FlexNOW’s quick onboarding and easy installation process was critical for Albar Capital’s launch on 2 July.
“We had no problem integrating FlexNOW
Edge Technology Group, a global technology advisory and fully-managed IT service provider catering for hedge funds, private equity firms and family offices worldwide, has been awarded the International Standard Organisation (ISO) 27001 certification for its information security systems’ infrastructure and operations supporting its Hong Kong based client offerings.
This recognition demonstrates Edge’s commitment to a reliable, adaptable, risk-based security program across its global organisation.
The ISO 27001 Certification is one of the most widely accepted and globally recognised security standards for organisations that identify, prevent and defend potential security vulnerabilities. Edge TG Hong Kong Limited is the latest Edge office to achieve ISO 27001
