Solutions
Eze Software has launched functionality to help hedge funds calculate and collect incentive fees within an increasingly popular ‘1 or 30’ structure. Eze Investor Accounting is the first solution in the market to address the handling of these fees.
In recent years, investors have been looking for alternatives to the 2 and 20 fee structure that are better aligned with the need for consistent investment performance. The so-called 1/30 structure uses the Total Fee Limit Method to ensure that the investor retains 70 per cent of the profit generated for their investment in a hedge fund, capping the total fees
SteelEye, a compliance technology and data analytics firm, has launched a new data platform following a successful early adoption program.
The SteelEye product has been designed to help financial firms meet their obligations under MiFID II for Record Keeping, Trade Reconstruction, Best Execution and Transaction Reporting in one platform. SteelEye also helps firms extract valuable insights from their data, as well as helping them cope with GDPR and other key regulations.
SteelEye’s cloud-based platform has several advantages to help firms optimise their business. It is the only platform that offers transaction reporting, record keeping, trade reconstruction, best execution and
Intercontinental Exchange (NYSE:ICE) has reported record monthly notional value cleared for credit default swaps (CDS) in September, with over USD1.75 trillion in gross notional and a daily record of over USD450 billion cleared on 20 September.
Additionally, ICE Clear Credit, ICE’s US-based CDS clearing house, has launched clearing services for additional single name CDS instruments referencing emerging market and Asia-Pacific corporate and sovereign entities.
This launch expands ICE’s CDS footprint and offers customers more diversified risk management services combined with capital and operational efficiencies.
The Standards Board for Alternative Investments (SBAI), formerly the Hedge Fund Standards Board (HFSB), has created a Standardised Total Expense Ratio (STER) that calculates a single, standardised expense ratio to facilitate better understanding, comparison and monitoring of fees and expenses across alternative investment funds.
STER is the product of an SBAI working group established in 2016 to study fee terms, methodology and definitions. The STER calculation aggregates expenses and management fees charged to, or incurred by, a fund, and includes the costs of research bundled with dealing commissions (often referred to as “soft dollared research costs”).
The result is
Equities liquidity provider XTX Markets intends to opt-in as a Systematic Internaliser (SI) following the implementation of MiFID II.
Alex Gerko, Co-CEO of XTX Markets, says: “XTX has become a leading liquidity provider across lit EU equities markets. Although uncertainties remain about the potential market impact of the SI regime, we intend to opt in as an SI. Market participants will benefit from the high-quality liquidity we provide, as they already do in FX.
“We are committed to maintaining our lit venue presence as ultimately we see lit central limit orderbook as the best market structure for liquidity providers
The Derivatives Service Bureau has launched its real-time International Securities Identification Number (ISIN) creation service, allowing users to create OTC derivative ISINs and obtain associated reference data to address regulatory reporting obligations and processing requirements.
A year after the initial announcement of the core functionality of the first automated global ISIN-allocation engine, the DSB has met its commitment to be in full production on this date. The first users are being onboarded for creation of ISINs for OTC derivatives, resulting in the beginning of a global OTC ISIN data archive, which will also contain Classification of Financial Instruments (CFIs), Financial
NPL, the UK’s National Measurement Institute, is expanding its precise timing service, NPLTime, through a distribution agreement with QuantHouse, an independent provider of trading and infrastructure solutions and market data services to the quant trading community.
NPLTime® provides a precise time signal delivered over fibre, traceable to Coordinated Universal Time (UTC), accurate to within 1 microsecond. The agreement will provide QuantHouse customers with the capability for traceable timestamping, latency monitoring and synchronisation. Furthermore, it enables users to be fully compliant with MiFID II timestamping requirements and eliminate their reliance on GPS, removing susceptibility to jamming, spoofing, urban canyon effects and
IHS Markit, a specialist in critical information, analytics and solutions, has partnered with six leading securities finance market participants as part of its ongoing effort with Pirum Systems to build a solution to address Securities Finance Transaction Regulation (SFTR) reporting requirements.
Joining IHS Markit as design partners for the SFTR reporting solution are BNY Mellon, Brown Brothers Harriman, Deutsche Bank Agency Lending, eSecLending, JP Morgan and Rabobank. Each member of the initial design group will contribute their requirements and market expertise to ensure the fully-hosted, end-to-end reporting framework suits the diverse needs of the securities lending and repo communities.
Fluxys Belgium is to simplify its services for ZTP physical trading (formerly Zeebrugge Beach services) as from 1 October 2017. The PEGAS trading platform will enhance its services accordingly.
Fluxys Belgium will simplify its services for ZTP physical trading by harmonising the operational rules with those for ZTP notional trading services.
Huberte Bettonville , Director Commercial Regulated of Fluxys Belgium, says: “Our new approach for ZTP physical trading marks a clear step forward as solving flow reductions at the border or unmatched flow nominations no longer require back-up services and a financial guarantee. PEGAS now can offer automatic nomination
BNY Mellon and Hazeltree, a provider of treasury solutions, have joined forces to deliver an independent platform that streamlines cash management for buy-side and corporate firms.
The initiative delivers BNY Mellon’s full suite of cash, treasury and custody services through Hazeltree’s advanced treasury management technology.
The strategic relationship not only provides BNY Mellon clients with full transparency across their portfolio, regardless of where their money is held, but optimises cash investment, streamlines FX hedging, and drives increased efficiency. By linking participants with BNY Mellon’s award-winning Liquidity DIRECT solution, clients can also take advantage of an array of investment vehicles.
In a
