Solutions
Technology is playing a pivotal role in how fund administrators support the growing reporting needs of private equity (PE) groups. Those who have both the internal experience to handle PE funds and the technological capability to deliver effective services and reporting, are likely to be the best positioned; especially as more PE groups appoint trusted third party service providers.
The push toward using third party administrators is largely institutional-driven. As investors look to diversify their portfolios, they expect reporting from PE groups to be similar to the reports received from hedge fund managers.
“Increasingly, PE managers are choosing to not
Murex, a specialist in trading, risk management and processing solutions for capital markets, is to run its MX.3 technology platform on Amazon Web Services, Inc. (AWS).
With the acceleration of cloud adoption in capital markets, Murex and AWS agreed to collaborate to help clients migrate their Murex application workloads to the AWS Cloud. Murex clients are looking to consolidate more and more of their capital markets activity on the MX.3 platform and this means their need for infrastructure is increasing.
New regulatory requirements are also driving financial organisations to use cloud to scale up their computing capacity. Murex is
Global institutional trading network Liquidnet has launched Virtual High Touch (VHT) for Fixed Income, an intelligent execution workflow designed to augment the corporate bond trader’s decision making process.
It evaluates order characteristics, market data, liquidity conditions, and user preferences to suggest an optimal execution strategy for different groups of orders.
The customisable nature of Virtual High Touch gives Liquidnet Members the ability to manage different order types through multiple liquidity search options across both dark and lit protocols. The goal is to help Members find natural liquidity for their larger, harder-to-trade orders by targeting latent liquidity, as well as
Interactive Brokers Group is now offering clients the ability to trade bitcoin futures on the Cboe Futures Exchange (CFE).
In addition to the CFE futures which are available under the ticker symbol GXBT, the company plans to offer bitcoin futures from the Chicago Mercantile Exchange (CME) at the scheduled start of trading 18 December using the symbol BRR.
“Interactive Brokers was on the buy side of the low print of 14,710,” says Thomas Peterffy, founder, Chairman and CEO of Interactive Brokers. “A Registered Investment Advisor on the Interactive Brokers platform purchased two March contracts in the first minute of
By Mary Beth Hamilton – With 2018 around the corner many firms are locking down their budgets and looking for opportunities to run more efficiently. Technology is one area where savvy alternative investment firms can optimise their budgets to make room for new IT initiatives.
Here’s our list of five technology budget areas to evaluate.
Cloud Technology
Go Cloud. If you’re still running an on-premise IT environment it is time to evaluate a move to the cloud. Aside from shifting IT management responsibilities, you’ll gain access to cost predictability and the latest technology feature sets. Not to mention the real estate
Last July, the Securities Commission of The Bahamas (the Commission) embarked on a process to overhaul the Investment Funds Act. The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did not necessarily account for the appropriate regulation of the various roles within a fund structure.
Consequently, the SCB’s mission last summer was to address those gaps by asking two major law firms to develop draft legislation and update the Investment Funds Act that would help support institutional, as well as private wealth business.
“In launching the overhaul, it was important
Market access technology provider Vela is to support bitcoin futures, meaning that firms wishing to take advantage of the new contracts from Cboe Futures Exchange (CFE) and CME Group Inc (CME) can receive market data and trading access without delay from launch.
Data and trading access to the Nasdaq Bitcoin Futures contracts will also be available on launch in 2018.
As part of an ongoing program of product enhancement, Vela has been monitoring market appetite for new instruments and has been well prepared as the announcements regarding Bitcoin futures have been made by CME, CFE, and most recently by
Tradeweb has secured authorisation from the UK’s Financial Conduct Authority (FCA) to operate an Organised Trading Facility (OTF), effective from 3 January 2018.
Tradeweb will be able to offer its clients greater flexibility to choose the type of venue and execution method that suits their needs. It will support the execution of intermediated and discretionary flow and allow clients to discover new liquidity sources and trading opportunities.
Tradeweb has operated an FCA-regulated MTF since 2007, providing direct access to the highest quality fixed income, derivatives and ETF markets. The FCA-authorised Tradeweb APA already has commitments from leading sell-side firms
Oslo Børs, the Oslo Stock Exchange, and Baymarkets Technology AB (Baymarkets), have implemented upgrades to the Baymarkets OTC system, which is used by Oslo Connect, to provide Tailor Made derivatives and reporting OTC derivatives transactions.
The updates support the changing regulatory requirements demanded by MiFID II and MiFIR.
The MiFID II/MIFIR enhancements to Oslo Connect include the introduction of new transaction flags into the GUI functionality, ensuring that all required transaction details are available and in correct format, and additional trade cancellation and amendment processing. The system has also been prepared for the use as Approved Publication Arrangement (APA)
Cboe Global Markets’ Cboe bitcoin futures (XBT) traded a reported 4,127 contracts in their first day of trading. XBT futures debuted Sunday, 10 December, at 5:00 pm CT, the beginning of Global Trading Hours. The first trading session closed at 3:15 pm CT on 11 December.
The Cboe Futures Exchange (CFE) daily settlement price for the front-month Jan Cboe Bitcoin (XBT) future for the December 11 session was USD18,545.
Some 20 trading firms actively participated in the December 11 session. Cboe previously announced that all transaction fees will be waived1 throughout the month of December.
Over the last
