Solutions
Capital markets service provider Options Technology has partnered with trading platform firm Mercurius Solutions, an order and execution management system provider, following a successful integration with ACTIV application programming interface.
SS&C Technologies Holdings now has more than 150 clients using its Trade Matching & Settlements Service to support post-trade execution functions. The growth comes as the US funds industry gears up for trade settlement cycles shortening to T+1 in 2024.
The Trade Matching & Settlements Service fully supports post-trade execution functions such as trade matching/affirmation, trade communication and settlements/fails management.
Available as a stand-alone service or in conjunction with other SS&C fund services, SS&C’s solution automatically integrates with numerous matching platforms, supports multiple formats of trade instructions delivery and captures real-time settlement statuses from custodians and prime brokers. SS&C
Forming local partnerships is key to achieving operational excellence and continuous improvement in food and agriculture investments. Colin Butterfield (pictured), CEO of Solum Partners outlines the firm’s differentiated approach to investing in this sector.
StoneX Financial Ltd, a wholly owned subsidiary of StoneX Group Inc, has expanded its institutional prime brokerage offering with the launch of a multi-asset CASS compliant custody solution coupled with new financing capabilities, which include repo financing and securities lending, under the banner of its London based StoneX Institutional Prime product.
StoneX has also added to its team with the hiring of Gary Clifford-Newman (Cross Asset Sales) and James Barten (Head of EMEA Security Financing) to bolster growth and capabilities within London Prime Services. These hires follow the appointment of Andrew Sterry in October 2022 to head the newly created
Cboe Clear Digital has received the necessary approval from the Commodity Futures Trading Commission to expand its product offering to include both physically and financially cleared margined futures contracts for bitcoin and ether.Â
Aquis Markets, the pan-European equities trading division of Aquis Exchange PLC, has launched new ‘dark to lit sweep’ functionality on its UK and EU platforms, allowing members to sweep from Aquis’ dark book – the Aquis Matching Pool (AMP) – to the lit book with a single order.
Amicorp Fund Services (AMIF), a Hong Kong-based professional services firm, is preparing to list its fund administration arm in London. AMIF provides fund administration and regulatory reporting services to hedge funds, family offices and private equity and venture capital funds across Latin America, Europe and Asia.
Crypto exchange Bybit is making a play for institutional clients with the launch of a new promotion that allows professional options traders to use their trading history from other platforms to access new VIP tiers and benefit from maker and taker fees as low as 0.01%.
Professional traders will be able to switch to Bybit Options immediately, and access VIP and Pro tiers using trading volume from other exchanges, without the need to build up their trading volume from scratch. As part of the promotion, Bybit will also award newcomers with VIP/Pro levels two rungs higher than their current status.
BMLL, an independent provider of historical Level 3 data and analytics across global equity and futures markets, has made Cboe Europe Indices available within the its suite of products, complementing the existing availability of Cboe historical data for Europe, US and Japan.
Should hedge funds adapt their business to cater to their prime broker? Are prime brokers doing enough to adapt to the fund industry’s evolving needs? Like anything else, there is a balance and healthy middle ground. Some primes are contributing to the pain for funds, while others are entering the market with a fresh approach.
