Solutions
The Commodity Futures Trading Commission (CFTC) has issued an order approving the transfer of all open interest in credit default swaps (CDS) at the Chicago Mercantile Exchange (CME) to ICE Clear Credit (ICC).
The CFTC acted at the request of CME and ICE.
On 15 December 2017, CME and ICC each submitted letters requesting that that CFTC permit the transfer of CDS open interest. CME and ICC plan to conduct the transfer on 16 March 2018 by closing out positions at CME and establishing corresponding positions at ICC.
FeedStock, a provider of integrated interaction tracking and analytics software, is partnering with IHS Markit to provide an end-to-end investment research tracking, evaluation and analysis and payments tool for clients in fund management.
This alliance will see the delivery of a comprehensive solution that satisfies the buy-side’s need to accurately track, evaluate and pay for research, while managing inducements and trials, as required by MiFID II. Unlike other solutions requiring manual work and reconciliation of sell-side data, FeedStock’s tracking system is fully automated and independent.
Using the latest in AI and machine learning, FeedStock filters, tracks and classifies investment
A newly formed group of major finance industry players have joined an OpenFin-led initiative to bring universal connectivity and standards to all of the financial industry’s desktop applications.
The group, known as the Financial Desktop Connectivity and Collaboration Consortium or FDC3, is committed to addressing the increasingly fractured software landscape of capital markets. FDC3 standards will enable faster decision-making, improve productivity and streamline workflow. OpenFin, the first operating system created specifically for finance, and the industry’s only technology designed to be unifying and application-agnostic, has contributed the open-source code that serves as the cornerstone for this new initiative.
The financial
Three experienced figures in the alternative investment industry have partnered to form a new licensed fiduciary services company in the Cayman Islands.
Eze Software has signed on 60 broker-dealers to provide connectivity for Eze Eclipse, its cloud-based investment management solution, which supports the entire investment workflow and was launched in 2017.
Eze Software chose 20 emerging equity and event-focused hedge funds as exclusive first users on the platform. It plans to expand access to the platform throughout 2018 by targeting funds that would most benefit from a holistic, user-driven approach to managing the investment process. In 2017, Eze also continued to expand its already well-established presence in the start-up market with 56 start-ups signing on for Eze Investment Suite.
Nearly all
AcadiaSoft, a provider of margin automation solutions for counterparties engaged in collateral management worldwide, has launched CollateralManager, which will provide complete end-to-end collateral management for all buy-side firms via the AcadiaSoft Hub.
The web-based platform covers all agreement types – OTC Bilateral, OTC-Cleared, Exchange Traded Derivatives, Repo, MSFTA, Securities Lending and Borrowing – and lends itself to asset managers, hedge funds and corporates who have regulatory and operational requirements to automate their internal collateral management process.
CollateralManager is fully integrated into AcadiaSoft’s MarginSphere, the industry standard margin confirmation service that streamlines communications between counterparties engaged in collateral management through
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has launched a new Short Interest service.
Short interest is a market sentiment indicator that tells whether investors think a stock’s price is likely to fall. It can also be compared over time to examine changes in investor sentiment. By analysing this data, investors can then decide when to buy or sell a specific security.
Jonathan Bloch (pictured), CEO of Exchange Data International, says: “Given the current volatility of the market, investors should consider all sentiment, both negative and positive. EDI makes available information
Ogier has assisted Bletchley Park Asset Management (BPAM) as legal counsel on the launch of its first cryptocurrency fund.
BPAM was founded by Lewis Fellas, a former portfolio manager at the Harvard Management Company, and Ronnie Potel, formerly an executive for Morgan Stanley.
The Fund, structured as a Cayman Islands master feeder fund structure and registered with CIMA, is credited with being one of the few institutional quality cryptocurrency funds at the time of its launch.
Ogier partners Kate Hodson (pictured), and Emily Haithwaite advised on the Cayman and Jersey law elements of the launch respectively.
Hodson and
By Olivia Munro, Eze Castle Integration – All too often we hear from firms before a IT and cybersecurity audit asking what they can do to make the audit process go as smoothly as possible. Fortunately, there are steps you can take to ensure a stress-free audit. In this two-part blog series, we will help you create a checklist to prepare for your audit and also remediate the findings post-audit.
1 Notify internal and external partners that an audit is happening.
Your team and partners should be prepared to act quickly to remediate the findings or provide any documentation the auditors
By Mary Beth Hamilton, Eze Castle Integration – As 17 April (US) and 30 April (Canada) near, cyber scammers are pulling out all their tax scams to trick consumers and capitalise on the flurry of activity. Our friends over at Proofpoint say that this time of year, [they have] tracked malware distribution in addition to the customary phishing schemes among the email threats related to federal taxes.
The IRS is also urging people to remember that “the IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. In addition, IRS
