Solutions
Thomson Reuters has expanded its e-learning capabilities with new compliance training courses designed to give organisations a clear, concise understanding of the regulatory framework mandated by the European Securities & Markets Authority (ESMA) under MiFID II.
Thomson Reuters MiFID II compliance training suite clarifies the complexity of the legislation and provides a concise view of what organisations should consider with ongoing MiFID II compliance. Under MiFID II regulations, trading venues, approved reporting mechanisms, organised trading facilities, investment firms and sell-side firms will each have a significant reporting obligation to both ESMA and to their local regulatory body. MiFID II is
Such has been the pace of technological innovation over the last decade that we have never been more connected with one another.
The volume of data generated by social media platforms is transforming the way that fund managers analyse the markets – using sentient algorithms to analyse unstructured data sets such as Twitter feeds, GPS data, etc – while the sheer processing power of machines has led to historic milestones, such as AlphaGo beating Lee Sedol, the world’s number one Go player last year.
Heck, even technologies in movies like Total Recall are becoming science fact. Intel has claimed that
LCH has extended its CDSClear platform to include the clearing of credit index options. This addition to LCH’s credit derivatives clearing service follows the launch of CDX high-yield clearing in July 2017.
LCH is the first CCP to design, develop and implement a risk framework for the clearing of credit index options. The model has been approved by European and French regulators, under the EMIR framework, as well as US regulators (CFTC and SEC). MarkitSERV, the post-trade service from IHS Markit, will process cleared credit index options for both dealer-to-dealer and dealer-to-client flows.
Frank Soussan (pictured), Global Head of
Singapore-based OC Horizon FinTech has concluded its first month of activity in blockchain related asset investment, having achieved a 24 per cent return in November.
The firm says the fund is invested in a mixture of blockchain-related equities and digital assets, including both high market cap cryptocurrencies and strategically selected alt-coins.
OC Horizon says that its hedge fund has an initial target of raising USD150 million and is the first of its kind to place cryptocurrency assets within the reach of institutional investors.
The firm writes that until now, institutional investors have avoided investing in volatile cryptocurrencies – but consistent
Driven by SEC modernisation and continually changing regulatory requirements, Confluence is predicting a year of anxiety in 2018, but eventual positive systemic change, as firms work to achieve efficiency while meeting a broad range of back office demands.
Confluence predicts three major impacts across the asset management industry next year: RegTech will make way for a “DataTech” movement in business operations across the back-office ecosystem; the data-intensive focus of the Securities and Exchange Commission (SEC) will spur industry adoption of data analytics in fund compliance and governance; and regulatory anxiety will prevail as the future of new regulations remains unresolved
By Gary Janaway (pictured), Chief Operating Officer, KNEIP – With MiFID II around the corner, now is a good time for asset managers to re-think their approach to distribution.
When MiFID II goes live on 3 January, it will be the first time regulation requires people to be more vigilant about where their funds are being sold, and who they are being sold to.
Traditionally, it would have been more of a paper exercise based on the content of legal contracts between asset management companies and their third party distribution partners.
Asset managers typically signed distribution agreements with a third
Two investment management firms have forged a partnership to offer a one-stop solution for ManCo services to its international client base of hedge funds, private equity and real estate funds.
Lawson Conner Group, a leading ManCo, compliance and regulatory outsourcing firm, is teaming up with Fuchs Asset Management, a management company, to expand its ManCo services into Luxembourg. Fuchs Asset Management is the asset management arm of a family-run finance group, located in Luxembourg, Belgium and Switzerland.
The partnership will give Lawson Conner’s clients access to integrated fund solutions and ManCo services in Luxembourg, including Alternative Investment Funds, Undertakings for
Revista Systems has added new functionality to its recently launched Revista CCM solution, including enhanced transaction communication audit and scrutiny capabilities, and improved performance management monitoring.
Revista designs specialist solutions to support the unique communications needs of the global financial services community.
Revista CCM transforms a user’s ability to demonstrate effective transaction scrutiny and audit capabilities both internally to senior management and to the external regulators. The new functionality enables surveillance and compliance officers to be alerted as soon as any high-risk transaction is initiated by an individual or team. The system automatically tags all relevant communications, irrespective of
Carey Olsen and JTC have advised ARC Fiduciary Ltd on the launch of Jersey’s first Initial Coin Offering (ICO), with Carey Olsen advising on the legal and regulatory aspects of the ICO and JTC providing administrative services.
The ICO will see the issue of the ARC Reserve Currency, which is expected to become a widely used asset-backed stablecoin virtual currency.
Counsel Chris Griffin (pictured), who spearheads Carey Olsen’s burgeoning digital assets practice, led the team advising ARC Fiduciary Ltd and was assisted by associate Joseph Barker-Willis. Carey Olsen worked closely with the Jersey Financial Services Commission to achieve a
Cboe Data Shop has added historical spot foreign exchange data from Cboe FX to its range of offerings.
Available for market participants and academics who want the opportunity to simplify and streamline back-testing and analysis, as well as the potential to increase trading opportunities, Cboe FX historical data offerings include: TOP, which provides top-of-book data on currency pairs, including the quote time, bid price, bid quantity, offer price and offered quantity; Snapshot, which provides a look at the depth of book data at intervals throughout the trading day; and Cboe FX Tape, which reflects trading activity for currency pairs on Cboe
