Solutions
Blockchain company Coinfix Inc has launched USC, an encrypted digital asset pegged to the US dollar. With a fixed exchange rate of 1:1, it means that holders of USC will have the flexibility of a digital asset and the assurance of US dollar value.
Kevin Yu, the founder of Coinfix, argues that the appeal of USC lies in its stability, efficiency and security. USC includes a mechanism for stability by requiring Coinfix users to store corresponding USD in their Coinfix account. One unit of USC will be issued on Blockchain only after one unit is increased in its USD reserve.
European Commodity Clearing (ECC) and the Allocated Bullion Exchange (ABX) have agreed to cooperate on clearing and settlement.
ABX, established in 2011 with its headquarters in Brisbane/Australia, operates the world’s leading exchange platform for spot allocated physical precious metals, offering trading services for gold, silver and platinum contracts. Under the agreement, ECC will provide clearing and settlement services for the international US-Dollar nominated contracts listed on ABX. The related extension of ECC’s service offering is envisaged for 2018 and is subject to final approval by the regulatory authorities.
Since its inception in 2011, ABX has modernised, globalised & integrated the precious
Vela, a market access technology provider, has launched its Systematic Internaliser (SI) Data Hub, part of its comprehensive MiFID II solution suite. Vela has also confirmed the addition of Sun Trading as part of its roll-out of new Systematic Internaliser venues.
Vela’s SI Data Hub provides clients with access to multiple SI liquidity price feeds through a single normalised API, helping to address MiFID II concerns regarding best execution and liquidity fragmentation when it takes effect on 3 January 2018. The Vela SI Data Hub supports the SI Consolidated Book providing clients with a single, consolidated Best Bid Offer (BBO)
UMB Fund Services (UMB) has endorsed the Institutional Limited Partners Association’s (ILPA) best practice principles and reporting templates for the private equity space, which help promote reporting consistency and transparency for limited partners.
UMB is among a select group of fund administrators to endorse the ILPA reporting standards.
“Implementing these new template standards and best practices will aid in furthering standardised reporting processes for limited partners and ultimately providing the transparency many private equity investors are now desiring,” says Maureen Quill (pictured), Chief Operating Officer at UMB Fund Services.
UMB’s proprietary accounting system, FastPro, is being programmed for
Financial organisations wanting to include cloud services within their trading infrastructure can now benefit from a new connectivity solution from Transaction Network Services (TNS) which addresses the mission-critical requirements of the global financial markets.
TNS Secure Cloud Connect has been designed to provide secure, resilient and easy access to a range of cloud services, including those from the major cloud providers. It facilitates connectivity to the cloud as well as from a firm’s presence in the cloud to TNS’ vast global financial community which includes more than 2,000 endpoints. Where cloud providers use a regional set up, TNS Secure Cloud
By Mary Beth Hamilton – According to research firm Gartner, by 2020, a corporate “no-cloud” policy will be as rare as a “no-internet” policy is today. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance that dominated in recent years…[Additionally], hybrid will be the most common usage of the cloud.”
So when it the right time for an investment firm to make the cloud move?
For newly emerging investment firms, the choice to adopt a cloud-based architecture is an easy one. Few firms have a business model where an on-premise solution makes strategic or economic sense — but what about established
Thomson Reuters has enhanced its reference-data solutions available on its integrated data and analytics delivery platform, DataScope, to assist firms in complying with MiFID II requirements.
Thomson Reuters DataScope will deliver key regulatory content and will link crucial information, such as reference data, corporate actions, entity data, end-of-day data and intraday data in an insightful and actionable way for customers to meet MiFID II requirements.
In order to be compliant with MiFID II requirements investment professionals will be required to have suitable risk models that safeguard against risk exposure. For the best value across the trading and investment cycle,
Hedge Fund Research (HFR) has launched PortfolioScope, a comprehensive and customisable software solution designed to help managers and investors make more informed investment decisions.
By utilising enhanced visualisation technology, managers and investors can analyse performance, risk, exposure and attribution characteristics dynamically and intuitively.
Managers can provide data to PortfolioScope and utilise customised reports for internal or external use. Reports are permissioned by the manager and delivered via PortfolioScope’s web portal, www.hfrportfolioscope.com.
Data from multiple managers is normalised by PortfolioScope so investors can fully understand their exposures, risks and performance at an aggregated level. Reports are customised at the
Hedgd, a provider of software and services aimed at giving firms full visibility over transactions throughout the trade lifecycle, has joined UnaVista’s Partner Programme.
UnaVista is London Stock Exchange Group’s (LSEG) global hosted platform for all matching, validation and reconciliation needs. It offers a range of business solutions through one interface designed to help firms become more efficient, and reduce operational and regulatory risk across all asset classes.
UnaVista’s service includes an Approved Reporting Mechanism (ARM), that firms can use to meet their Transaction Reporting obligations to National Competent Authorities (NCAs) in order to comply with MIFID II.
Bitcoin expert Nicholas Gregory, founder and CEO of London-based cryptocurrency enabler CommerceBlock, comments on recent volatility in cryptocurrency prices…
Prices of digital currencies have been on a rollercoaster ride lately but this violent volatility is actually all a bit of a sideshow.
The simple reason is that plenty of people hold billions of pounds worth of cryptocurrency right now at no risk. That’s because they are using hedging or short positions to cover losses that might occur before they are able to convert their money into pounds and pence. This is common practice for businesses using traditional currencies and
