Solutions
AcadiaSoft, a provider of margin automation solutions for counterparties engaged in collateral management worldwide, has launched Agreement Manager, which will create an industry-wide, data store of legal and operational collateral agreement information for OTC Derivatives.
A new AcadiaSoft Hub service, Agreement Manager will match, store and exchange new and existing ISDA Variation Margin (VM) and Initial Margin (IM) details as well as the Account Control Agreements between trading parties and custodians. Agreement Manager will also standardise the legal agreement data shared between parties, in order to reduce integration points and ensure inter-operability of trading partners, custodians, document management providers and
OTCX, a digital solution for OTC derivatives price discovery and negotiation, has created an integrated two-way connection to Orchestrade’s core portfolio management and risk systems, moving clients away from voice and chat, and cutting buy and sell side client costs by improving efficiency through digitisation and straight through processing (STP).
OTCX’s fast growing client base, including institutional asset managers, hedge funds, sovereign wealth funds and private banks, will benefit from a two-way certified interface that will deliver uninterrupted STP, and seamless communication and connectivity between two leading providers of innovation in financial systems.
Nicolas Koechlin, CEO at OTCX, says:
Kinesis, the creator of bullion-based currencies traded on the blockchain, has formed a liquidity partnership with Finemetal Asia, a specialist distributor of physical precious metals.
Finemetal Asia will be providing liquidity for the soon to be launched Kinesis currencies, which are based on allocated physical gold (KAU) and silver (KAG) and traded on the Kinesis Blockchain Exchange (KBE).
Finemetal Asia, in cooperation with Argor Heraeus, is based in Hong Kong and covers multiple Asian physical bullion trading locations. Among its customers are some of the largest jewellery chains and gold dealers in the world.
The strategic partnership
Cinnober, an independent provider of exchange technology, and BitGo, a specialist in institutional-grade cryptocurrency security, are partnering to provide solutions to cryptocurrency exchanges.
BitGo’s wallet solution will expand Cinnober’s trading and post-trade platform to provide an end-to-end secure, institutional-grade digital asset exchange solution.
Cinnober serves leading financial marketplaces globally with robust, multi-asset trading and clearing solutions. Through Irisium, Cinnober also provides a market surveillance platform to help safeguard market integrity. Through the collaboration with BitGo, Cinnober is consolidating its offering to cryptocurrency exchanges in need of a reliable and proven, high-performance trading solution to handle increasing market volumes, expectations from
Palladium, a Malta-based blockchain company, has launched what it says is the world’s first fully regulated Initial Convertible Coin Offering (ICCO).
The issuance of a tokenised convertible warrant – which is regulated by a prospectus approved by the Malta Financial Services Authority (MFSA) and subject to stringent EU rules – will give investors the right to convert the tokens into shares of Palladium three years after the issue date.
Professor Paolo Catalfamo (pictured), founder and chairman of Palladium, says: “We expect this project, which will create more than 100 job opportunities, to be a historic landmark and to bridge
CLS, a market infrastructure group delivering settlement, processing and data solutions, has launched CLSClearedFX – the first payment-versus-payment (PvP) settlement service specifically designed for over the counter (OTC) cleared FX derivatives.
The service will enable central counterparties (CCPs) and their clearing members to safely and effectively mitigate settlement risk when settling cleared FX products.
LCH, a leading global clearing house, is the first to go live with the service offering for their clearing members, with further CCPs expected to join.
While the new service will operate independently of CLS’s leading PvP FX settlement service (CLSSettlement), participating CCPs will
Axioma, a provider of enterprise market risk analytics and portfolio construction solutions, has added a new Europe equity factor risk model (EU4) to its next-generation Equity Factor Risk Model suite.
The new model provides institutions investing in Europe with region-specific insights for risk management, performance attribution, and portfolio construction.
“Amid market uncertainty and volatility in Europe, it’s even more important for investors with a European mandate to have a risk model that aligns with their investment process to accurately explain risk and performance,” says Alessandro Michelini (pictured), head of Portfolio Solutions at Axioma. “EU4 incorporates our latest research and
Singapore Exchange (SGX), which operates Asia’s largest, most diverse and fastest growing FX exchange, is to launch SGX FlexC FX Futures that aim to futurise OTC product offerings.
With a planned launch date of 27 August 2018, SGX FlexC FX Futures – developed in consultation with market participants – enable bilateral trades that are privately negotiated with tailored expiration dates to be registered and cleared like a standard SGX FX futures contract. This innovative feature will be available for INR/USD, KRW/USD, TWD/USD, USD/CNH and USD/SGD contracts.
“Michael Syn, Head of Derivatives, SGX, says: “Access to counterparty credit, especially for
FlexTrade has integrated the SmartStream Reference Data Utility (RDU) with the FlexTRADER EMS (execution management system).
The integration offers mutual clients the ability to embed SmartStream RDU’s Systematic Internaliser (SI) Registry information directly into the send order ticket, providing much needed clarity on counterparty SI status, prior to key 2018 MiFID II milestone dates.
The SI Registry fills a gap in the MiFID II reporting regime, which requires that industry participants identify whether trading counterparties are SIs for the financial instrument that they are trading, so that they can determine which counterparty must report the trade. However, no mechanism
Technology-focused brokerage ThinkMarkets, a specialist in Forex, CFDs and cryptocurrency derivatives trading, is extending its GBP1 million insurance cover to include elective professional traders.
Regulated by the UK’s financial watchdog, the FCA, since 2015, and under the supervision of ASIC in Australia, ThinkMarkets has been offering above-industry standard security of funds to retail traders through an exclusive GBP1 million insurance scheme since 2015. This additional insurance offers traders financial security on top of the GBP50,000 compensation provided by the Financial Services Compensation Scheme (FSCS), which is a last resort for traders of FCA regulated brokers in case the broker becomes
