Solutions
Trading volume on LiquidX reached USD1.9 billion in the first quarter, as the company rapidly expanded its roster of corporations, assets, liquidity providers, and cross-border capabilities.
Trading volume was up 50 per cent year-over-year, while the number of transactions handled by LiquidX rose 88 per cent.
“Market participants are increasingly discovering the power of operating through a global network such as LiquidX, as they look to more efficiently connect and transact with multiple counterparties in one place,” says Glenn Kocher, who heads global sales at LiquidX. “Our platform empowers major corporations, banks, insurers, asset managers and hedge funds, and
SuperFeed, a fully-managed market data feed designed and operated by trading and market access technology provider Vela, can now be accessed via the BT Radianz Cloud.
SuperFeed offers customers a single source for data feeds spanning 100 global venues including BME, Cboe, CME, CTA, Deutsche Börse, Euronext, Istanbul, LSE, Moscow, Nasdaq, NYSE, OPRA, Tel Aviv and many others. It is hosted by Vela and delivered as a managed service via the Radianz Cloud, meaning customers do not require investment in their own back-office infrastructure.
SuperFeed is fully compatible with Vela’s existing enterprise software which enables customers to design bespoke
Three companies – international legal practice Allen & Overy, business information provider IHS Markit and SmartDX – have come together to launch Margin Xchange, a new product for the derivatives market.
Margin Xchange is an online platform that covers all stages of the mass repapering of derivatives contracts required to comply with Initial Margin (IM) regulations. It provides information reconciliation, document generation, negotiation and execution, case management and a full data export. It not only drives greater cost and time efficiency in the process for agreeing the documents, but also achieves the long-held goal of treating derivative documents as data, by using
Mosaic Smart Data and ESA Business Applications, the European Space Agency’s (ESA) commercial arm, are teaming up in a bid to improve the data analytics tools available to banks in the fixed income, currencies and commodities (FICC) markets.
Mosaic will explore the potential for applying machine-learning models developed and used by ESA in Space Systems to financial markets. Mosaic will also further develop and share the algorithms with ESA for its own use.
The project will focus on data models used to identify patterns and correlations that are used by ESA for investigating anomalies of deep space satellite missions.
Pragma, a multi-asset quantitative trading technology provider, has committed to adopting the principles of the foreign exchange (FX) Global Code as a Market Participant.
The FX Global Code was launched in partnership with policymakers and market participants, and provides a common set of guidelines to promote the integrity and effective functioning of the market. By signing a statement of commitment, Pragma affirms that the principles outlined in the Code represent a series of best practices to promote a robust, fair, liquid and transparent FX market.
David Mechner, CEO and co-founder of Pragma, says: “Our philosophy of giving our customers
BarclayHedge’s newest index, the Barclay Cryptocurrency Traders Index, dropped 29.2 per cent in March. Year to date, the Index is down 43.1 per cent after three consecutive monthly losses.
“Within days of the launch of Bitcoin futures, Bitcoin rose to its all-time high of just under USD20,000 on December 18 last year. Today’s prices are just over USD8,000. Folks have their opinions, but no one really knows if it’s a bubble or a correction,” says Sol Waksman (pictured), president and founder of BarclayHedge.
The Barclay Cryptocurrency Traders Index is an equal-weighted index of the monthly returns of a representative
The Beacon Group is an independent group of companies providing management, consulting, administration, accounting and other related services to offshore and domestic hedge funds and other international entities. It is licensed by the Bermuda Monetary Authority to provide corporate secretarial services, part of which involves offering advice to promoters and fund managers on corporate governance best practices.
That Beacon is also licensed to offer fund administration services can be beneficial.
As Nitin Aggarwal (pictured), Chairman of Beacon, explains: “Our many years of knowledge and experience as fund administrators with different investment strategies and asset classes allows us to leverage that
Within the capital markets, there remain a large number of institutional investors seeking out unique opportunities in alternative investments. One such area is insurance-linked securities (ILS), which have built significant traction since the 2008 financial crash.
Estera has been providing corporate, trust, fund and accounting services for over 25 years and has carved out a leading position in the support of ILS products. Analysis of its book of business over the last 10 years shows that the market capitalisation of ILS products it supports has grown from approximately USD2 billion in 2011 to USD10.8 billion at the end of 2016. Last
There is a sense of optimism in Bermuda that the success it has enjoyed over the years in respect of the ILS industry can, over the coming years, be replicated in the cryptocurrency and blockchain arena.
ILS fund managers like the fact that Bermuda has a lot of professionals working on the ground, from legal to administration and auditing. This is particularly important under Solvency II, which places a big focus on substance and physical presence.
“This has been fantastic for the funds industry,” says Dawn Griffiths, Director and Head of Bermuda Funds Practice at Conyers Dill & Pearman, one
With some offshore jurisdictions having only moved recently to introduce registers of beneficial ownership, one could argue that having had its own register in place for over 70 years, Bermuda has been ahead of the curve. Now, as global regulatory oversight and transparency expectations rise, Bermuda is well placed to demonstrate that its house is very much in order.
The Bermuda Government and the Bermuda Monetary Authority have always paid close attention and cared to know who is doing business in Bermuda.
“That has been the standard operating procedure for Bermuda throughout its history as an international financial centre,” says
