Solutions
FIX Trading Community has released the FIX-over-TLS (FIXS) standard and guidelines to assist users of the FIX Protocol meet certain security requirements.
FIXS is part of a larger programme of work that the FIX Trading Community initiated in response to the heightened cyber security challenge. The issue for members is how to understand the cyber security landscape, how to respond to the general deterioration and an increased specificity of threats, in a manner that anticipates or leads legislative and regulatory responses.
FIXS is a technical standard that specifies how to use the Transport Layer Security (TLS) protocol with FIX.
Seabury Global Markets (SGM), a US-based provider of FX/PM trade execution solutions, has teamed up with UK-based boutique ECN eFX brokerage Parabellum Markets (Parabellum), to launch Parabellum Americas.
This strategic alliance aims to position Parabellum as a major global electronic broker and a unique source of liquidity in the FX marketplace focused on serving the Americas region. Through this joint venture, Parabellum will be able to present a clear, full eFX product deployment strategy in a scalable fashion to multiple venues globally. By using Parabellum’s high-touch liquidity management skills, SGM’s established distribution footprint, and Seabury Capital’s global reach, this strategic
Aquis Technologies, the financial and regulatory technologies services arm of Aquis Exchange, has been chosen by UBS MTF as its supplier of market monitoring, surveillance and reporting software.
Aquis will provide UBS MTF with its state-of-the-art Aquis Market Surveillance (AMS) and the RTS 27 reporting software as required since the implementation of MiFID II at the start of January 2018.
Aquis Technologies creates and licenses a cost-effective, high volume, low latency matching engine and real-time market monitoring and surveillance technology for banks, brokers, investment firms and exchanges. In Europe there is particular demand for compliance and surveillance systems as
CoinShares Group, the company behind the first bitcoin and ether exchange traded notes (Issued by XBT Provider AB) and the team behind the world’s first regulated bitcoin strategy (GABI), is launching two new flagship crypto investment funds.
CoinShares says that the CoinShares ‘Active’ Fund – a multi-coin, alpha-generating, active strategy – and CoinShares ‘Large Cap’ Fund – a passive, large-cap, basket fund – represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy.
The new funds follow the group’s October launch of the first Ether Tracking, Exchange Traded Products on Nasdaq Stockholm, which
Blockchain hedge fund Diverse Blockchain Partners (DBP) is to utilise the infrastructure and trading technology developed by trading technology company XTRADE.IO (XTRD).
XTRD has developed the same mature technology for cryptocurrency markets that is currently used throughout global financial markets to enable vastly more efficient trading than currently exists.
DBP utilises quantitative investing models to manage portfolios in a variety of different ways. The investment manager believes that combining a number of these investment models in the Partnership may reduce overall risk, or volatility, of the Partnership without reducing expected returns. DBP is owned by its general partner, Diverse Capital
The Alternative Investment Management Association (AIMA) has published a GDPR Implementation Guide to help members understand and comply with new EU-wide rules that come into effect on 25 May.
The General Data Protection Regulation (GDPR), which replaces the EU Data Protection Directive, represents the biggest change in EU data privacy law in a generation. Due to the GDPR’s extraterritorial scope, the Guide is relevant to alternative investment managers whether they are based in the EU or elsewhere.
The new rules cover how organisations process personal data and extend to the activities of non-EU organisations that offer goods or services to
The Depository Trust & Clearing Corporation (DTCC) has outlined its vision for the evolution of the US equities market structure, unveiling a series of proposals to provide seamless access to new shortened settlement processing options, both pre-and post-trade.
Following the successful transition from trade date-plus-three days (T+3) to trade date-plus-two days (T+2) settlement last year, one of the last remaining exposures in the settlement system today is time. Time increases the risk of an unpredictable event that could significantly affect the transfer of cash or ownership of securities from the point of execution through settlement.
DTCC proposes to mitigate
Saxo Bank has enhanced it FX Prime offering catering for institutional clients with the launch of full amount execution capabilities running on dedicated infrastructure through the company’s DMA liquidity hubs in London and New York.
Saxo Bank says the new facility ensures a better trade experience and lower market impact for large orders in FX and precious metals. Demand has been driven by growth in small to mid-sized institutional clients turning to Saxo for direct market access and liquidity optimisation services.
Lucian Lauerman (pictured), Global Head of Electronic Distribution, says: “We have grown our Prime of Prime business quite
ACA Compliance Group has expanded its team of over 185 compliance professionals with new employees who have extensive industry experience.
Robert Horvath is a Senior Compliance Consultant based in San Francisco. Robert served as Securities Compliance Examiner with the US Securities and Exchange Commission (“SEC”) and as CCO at Standard Pacific Capital, LLC, Lateef Investment Management, LP, and ABR Investment Strategy, LLC.
Lior Kosovski is a Principal Consultant based in the Los Angeles office. Lior was a Corporate, Investment Funds, Advisers and Derivatives Associate for Sidley Austin, LLP. He later worked as General Counsel, Chief Compliance Officer for Commonwealth
BNY Mellon is to launch a new prime brokerage service for its institutional clients in ‘early 2018’ aimed at allowing partcipants to trade, finance and margin their FX more efficiently.
BNY Mellon says the new will provide clients with access to a significant new source of FX liquidity while helping streamline and reduce operational expenses, including legal and onboarding costs, as well as generating substantial capital and netting gains.
Clients will be able to transact an extensive suite of FX products while also enjoying access to pre- and post-trade services and BNY Mellon’s collateral, funding and liquidity capabilities.
The introduction of
