Solutions
Strooga Consulting is pioneering new research on environmental, social and governance (ESG) integration by drawing on data solutions from Institutional Shareholder Services (ISS), a provider of corporate governance and responsible investment (RI) solutions for the investment industry.
ISS’ robust extra-financial data sets will enable Strooga Consulting to competitively assess voting patterns of leading mutual fund managers along a variety of ESG issues. Voting analytics will be featured in Strooga’s annual ESG Compliance Review to be released in the second half of 2018.
One of the key rights as a shareholder is the ability to vote on corporate governance issues.
The Commodity Futures Trading Commission (CFTC) has secured a Preliminary Injunction Order against Defendants Patrick K McDonnell and CabbageTech, d/b/a Coin Drop Markets (CDM) over a fraudulent virtual currency scheme.
The Court’s decision stems from the CFTC’s 18 January 2018 Complaint charging Defendants with fraud and misappropriation in connection with purchases and trading of the virtual currencies Bitcoin and Litecoin.
Following a hearing on 6 March 2018, Judge Jack B Weinstein of the US District Court for the Eastern District of New York found that the CFTC had shown a reasonable likelihood that Defendants will continue to violate the Commodity Exchange Act (CEA). The Court’s Order prohibits the
The European Energy Exchange (EEX) has won the Europe-wide tender of the German Environment Agency for the next German auction platform for CO2 emission allowances.
Starting on 15 November 2018 for a period of three years, with the option to extend the contract for another two years, EEX will continue to conduct weekly auctions of emission allowances in the framework of the EU emissions trading system (EU ETS).
“We are pleased about the trust which the German authorities place in us and about the further cooperation in the primary market auctions”, says Peter Reitz (pictured), CEO of EEX. “EEX
Koger has enhanced its compliance technology to provide a comprehensive tool for financial crime prevention. The company’s KURE software handles all aspects of Anti-Money Laundering and Know Your Client (AML/KYC) due diligence, as well as complete Customer Lifecycle Management (CLM).
Koger provides software for investor services, compliance and business process management, serving global financial institutions, banks and asset managers including hedge funds, private equity funds and mutual funds. The company’s technology supports more than 8,000 funds with USD2 trillion in assets.
The software is built on three interrelated states of compliance – onboarding, due diligence and off-boarding – and
OppenheimerFunds has partnered with the Chartered Alternative Investment Analyst (CAIA) Association to develop specialised alternative investment training for the firm’s client engagement teams and further serve the needs of high net worth (HNW) clients.
In October 2017, OppenheimerFunds announced a joint venture with The Carlyle Group to provide global private credit solutions and deliver long-term income capabilities to HNW investors. The specialised alternative investment training from CAIA will be its first comprehensive program to include private credit focused education and will be made available to OppenheimerFunds consultants serving HNW teams as part of the joint venture initiative.
“Bringing the highest
With the General Data Protection Regulation (GDPR) coming into force on 25 May 2018, there is an increased urgency for financial services businesses to improve the way data is managed and secured.
However, new research from managed services provider Claranet has found that many companies are still not managing their data as well as they could.
The research, which was conducted by Vanson Bourne who surveyed 750 IT decision-makers for Claranet’s Beyond Digital Transformation research report, identified that security is an area that many are struggling with. Worryingly, 69 per cent of respondents stated that they were not able
INTL FCStone’s Dubai-based subsidiary, INTL FCStone Commodities DMCC is to serve as the market maker for the Dubai Gold & Commodities Exchange (DGCX) Sharia-compliant Spot Gold contract (DGSG), which will be available for trading beginning on 29 March, 2018.
The release of this contract is a first for DGCX, and will mark its entry into the Islamic Finance sector.
DGCX’s offering will be the first Sharia-compliant Gold product to be listed on a regulated trading platform in the Gulf Cooperation Council (GCC) region. The pending launch comes at an ideal time, as global Sharia investments currently total approximately USD2
Vaultbank has launched the beta version of the Vaultbank Exchange, the first decentralised exchange to allow trading of security tokens.
Along with security tokens, Vaultbank supports trading of utility tokens and traditional investment securities like mutual funds. The Vaultbank Exchange is the first securities-compliant platform supporting KYC, AML, FATCA, and Accreditation.
Vaultbank aims to tokenise securities including mutual funds and hedge funds efficiently and at low cost to investors. While most exchanges only offer utility token trading, Vaultbank provides investors more options to buy, sell, and trade a range of tokenised securities and assets. Built on Stellar technology, Vaultbank
XTX Markets, a quantitative-driven electronic market maker partnering with counterparties, exchanges and e-trading venues globally, is now trading on SIX Swiss Exchange.
XTX Markets is the second new participant joining the exchange in 2018 after Gair Loch.
Gregor Braun (pictured), Head Member Acquisition & Product Sales at SIX, says: “We are delighted to welcome XTX Markets Ltd. to the Swiss stock exchange, and we wish them successful trading with us. We offer outstanding liquidity across a wide range of attractive trading segments, as well as cutting-edge trading technology.”
Nasdaq and Extraordinary Re have signed a new market technology agreement for Nasdaq to deliver matching engine technology via the Nasdaq Financial Framework architecture.
Extraordinary Re will deploy this technology through its patented Liquid Insurance Contract risk allocation platform. Extraordinary Re will also operate its system on a private cloud and leverage blockchain technology to transmit flow-through information to its participants. The go-live is targeted for summer 2018.
“The agreement with Nasdaq is an important milestone in our go-to-market plan,” says Will Dove, Chairman & Chief Executive Officer, Extraordinary Re. “Our innovative structure and technology will deliver new classes of risk to investors
