Solutions
AiX, the artificial intelligence broker, has completed the first ever trade brokered by an AI powered chatbot – a successful cryptocurrency transaction between Rockwell Capital Management and TLDR Capital.
Jos Evans (pictured), founder and CEO of AiX, says: “This trade is a milestone in AI innovation coming to the forefront of financial services. The potential for AI to revolutionise and benefit the sector is huge and we are proud to be a part of pushing this change forward.”
“Enabling AI technology to disrupt the inter dealer brokerage will make trading more efficient, transparent and cheaper for professionals and over
Ipreo, a provider of financial services technology, data, and analytics, has partnered with global professional services firm, Alvarez and Marsal (A&M) to provide enhanced integration and optimisation of Ipreo’s Private Capital Markets (PCM) solution suite for alternative asset managers.
Ipreo PCM’s solutions enable private capital firms, their LPs, and service providers to manage the overall data flow across their respective asset classes. Ipreo’s iLEVEL platform is a private market portfolio management solution, and counts many of the world’s top private capital firms, fund managers, and institutional investors as clients.
A&M’s Alternative Investment Services group helps funds address complex challenges
Money.Net, an online platform for financial data and news, has partnered with Wall Street Horizon to provide desktop users with access to its corporate event data to further bolster its clients’ trading and risk strategies.
Event-related volatility, such as the movement of an earnings announcement, can drastically impact stock price. Therefore, having the ability to pinpoint when events move is a functionality that is in high demand among investors and traders. Through this partnership, clients will be able to utilise Wall Street Horizon’s data to research event-driven strategies, allowing them to more quickly identify signals and gain trading advantages.
Latest figures from Crypto Fund Research reveal that prices for most cryptocurrencies are down more than 50 per cent in 2018, but despite that, crypto funds have been launching at a record pace.
The first five months of 2018 have already brought the launch 61 new crypto hedge funds and venture capital funds – on pace for 147 for the year. At this rate, 2018 launches will surpass the record 130 crypto funds launched last year, according to analysis from Crypto Fund Research.
There are now 366 cryptocurrency investment funds worldwide.
2017 is sometimes referred to as “The
Broadridge Financial Solutions has formed a new strategic partnership with StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry.
This partnership will add to the existing Broadridge Performance Reporting platform, which allows clients to receive customised daily performance calculations and is another example of how Broadridge is delivering real business value through technology-driven solutions.
The strategic partnership with StatPro provides comprehensive analytics for alternative and traditional asset managers working to meet an increased demand for performance measurement, attribution and risk analytics. StatPro’s cloud-based performance and risk platform will streamline the
Boutique prime broker, Invast Global, has signed and issued a Statement of Commitment to the FX Global Code of Conduct. The announcement comes shortly after the firm was officially voted in as an institutional member of the Australian Financial Markets Association (AFMA).
AFMA was formed in 1986 and is the principal industry association promoting efficiency, integrity and professionalism in Australia’s financial markets – including the capital, credit, derivatives, foreign exchange and other specialist markets.
According to the Global Foreign Exchange Committee, an official forum of international central banks and private sector market participants, the purpose of the Global Code
MTS Markets International, part of the London Stock Exchange Group (LSEG), and BondCliQ, a new corporate bond market data solution, have partnered to provide BondCliQ users with data from MTS BondsPro all-to-all electronic trading platform for corporate bonds.
BondCliQ offers US institutional investors access to high quality pre-trade and post-trade data for the institutional market. Pricing information from MTS BondsPro, an Alternative Trading System (ATS) will now be combined with transactional data and institutional quotes on the BondCliQ system to deliver a comprehensive real-time view of the entire US corporate bonds market.
Going forward, market participants will benefit from
The Depository Trust & Clearing Corporation (DTCC) is to further streamline and enhance its global trade reporting capabilities as market participants prepare for the upcoming reporting requirements contained within the Securities Financing Transaction Regulation (SFTR), which are expected to begin to take effect in late 2019.
SFTR will require firms which are subject to SFTR to report securities financing transactions including repurchase agreements, securities lending and margin lending trades to a registered Trade Repository.
By collaborating with EquiLend, Trax, IHS Markit and Pirum, DTCC will be able to offer greater levels of straight through processing, with seamless links to
Castle Ridge Asset Management (Castle Ridge) has appointed Edwin Li, (pictured), former Managing Director with JP Morgan’s New York based Equity Trading business, as a Managing Partner to lead the international expansion of the firm’s artificial intelligence powered hedge fund.
Castle Ridge’s artificial intelligence system, named W.A.L.L.A.C.E., is self-evolving and highly effective detecting complex patterns in global market data. For instance, W.A.L.L.A.C.E. successfully anticipated over 40 public company acquisitions over a 48-month period and avoided major market declines.
Adrian de Valois-Franklin, Castle Ridge CEO, says: “We are pleased to welcome Edwin, who brings extensive investment expertise across numerous asset classes
Technology continues to infiltrate every aspect of global business. Not a day goes by where the impact of platforms like Amazon, Facebook etc, isn’t felt by those in the asset management industry. The fact is, investor habits are rapidly changing and the way they choose to invest is beginning to mirror the way they use technology to support all other aspects of their lives, from shopping online to algorithms providing recommendations, personally curated to them, on Netflix.
