Solutions
Arcesium, a global fintech serving sophisticated financial institutions including hedge funds and private equity firms, has partnered with Confluence, a global investment tech solutions provider, to deliver an integrated data management and analytics solution for middle/back-office operations for asset managers.
MarketAxess Holdings Inc, the operator of an electronic trading platform for fixed-income securities, has completed the the first client algorithmic trade executed across multiple protocols using Adaptive Auto-X, the company’s multi-protocol automated execution solution, currently in pilot.
MarketAxess also announced the next phase of the pilot, which will introduce additional liquidity-seeking strategies depending on trader objective, urgency or pricing requirements.
MarketAxess launched the Adaptive Auto-X pilot earlier this year, building on the success of an established suite of automation protocols. Phase one of the pilot provided users with low-friction automation workflows to interact with passive liquidity across RFQ, order book
Much of the financial industry still operates on legacy technology, resulting in fragmented systems and interfaces which leave participants unable to be as agile and responsive as they need to be. Cloud-native clearing and custody systems can improve efficiency while minimising cost and risk. Andy Volz (pictured), chief operating officer and head of prime sales, Clear Street, explains further
Fund management technology platform Truss Edge has launched an app that provides hedge fund and other asset managers with access to its Safari portfolio management and operations technology while on the move, via both Android and iOS devices.
Transaction Network Services has enhanced its European backbone, aimed at delivering increased capacity to support an ever-increasing volume of market data from multiple exchanges to any location across Europe.Â
The Citco group of companies has opened a new office for the firm’s asset-servicing operations in Guernsey, offering fund accounting, fund operations and company secretarial with the key business focus centred on automation.
Barclays Plc is tapping an increasing appetite from Asia-based quantitative and multi-strategy hedge funds for prime financing services and has upped its lending for investment trades as a result, according to a report by Bloomberg.
The move comes as some rivals including Credit Suisse, have exited or scaled back their the business over the past few years after losses.
As well as increased hedge fund demand for its prime financing business, Barclays has also seen an increase in business from private bank clients for cross-border structured products, including derivatives linked to US stocks, according to Hossein Zaimi, the region’s head
Long-running cryptocurrency exchange Bitstamp has been registered to fully operate in the UK by the Financial Conduct Authority, bringing the number of global licenses and registrations held by the Bitstamp group to 52.
Cryptocurrency exchange Bybit has completed its integration with Copper’s ClearLoop network, which offers clients off-exchange settlement that not only aims to mitigate counterparty risk, but also to improve capital efficiency.
Regulatory change is nothing new in the investment management space, but with AI and other technological developments demonstrating the potential to have a truly transformative impact on the industry, the pace of change looks set to accelerate. Anna Maleva-Otto (pictured), partner, at law firm Schulte Roth & Zabel, outlines some of the challenges ahead and the likely areas of focus for the SEC and FCA.
