Solutions
Pragma, a multi-asset quantitative trading technology provider, has expanded its algorithmic (algo) trading platform, Pragma360, to include non-deliverable forwards (NDFs).
NDFs are a key instrument for traders looking to access emerging market currencies. According to the Bank of International Settlements’ (BIS) 2016 Triennial Central Bank Survey, the NDF market grew by 5.3 per cent between 2013 and 2016, accounting for over USD130 billion of daily currency trading activity.
Clients can utiliSe several algos to trade the three most actively-traded NDFs – the Brazilian Real (BRL), Korean Kon (KRW) and Indian Rupee (INR), which account for almost half (49
Crestbridge has provided a range of fund and corporate administration services in the establishment of Jersey-regulated fund EJF Investments and its listing on the Specialist Fund Segment of the London Stock Exchange.
A closed-ended investment company, EJF Investments Limited is managed by an affiliate of US-based EJF Capital, the USD7.4 billion hedge fund which invests across debt, equity and securitisation assets.
The newly established Jersey fund, listed with an initial share capital of almost GBP70 million in April 2017, will invest in opportunities created by regulatory and structural changes impacting the financial services sector, including in asset-backed securities, distressed
Aequitas NEO Exchange has been designated a Qualified Foreign Exchange by OTC Markets Group, effective 29 March 2017.
NEO-listed companies may now apply to qualify for trading on the OTCQX and OTCQB markets in the US.
The OTCQX and OTCQB markets allow companies to establish an efficient and cost effective secondary market to reach the US-based investment community, without a US exchange listing.
“We are proud to receive this designation from OTC Markets as it expands the international scope of our listings business and further establishes our place in the global markets,” says Jos Schmitt (pictured), president and
Alternative asset manager Steben & Company’s Steben Managed Futures Strategy Fund has achieved an overall and three-year period 4-Star Morningstar Rating for its Class I Shares (SKLIX) among 95 funds in the managed futures category based on risk-adjusted returns as of 30 April 2017.
The fund is a multi-adviser mutual fund that seeks positive long-term absolute returns in rising and falling markets as it maintains a low correlation to traditional equity and bond investments.
The fund is comprised of an actively managed allocation to select managed futures trading advisors within a cost efficient structure that does not charge any
Management and technology consultancy BearingPoint has enhanced its ABACUS/Transactions product, a module-based standard software solution for transaction reporting, by incorporating an MiFIR module to facilitate compliance with the regulatory reporting requirements under MiFID II/MiFIR.
The revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR) take effect on 3 January 2018.
In the aftermath of the financial crisis, a new legislative framework was designed to significantly extend the applicable transparency guidelines under MiFID I and to stabilise and realign the infrastructure of financial markets.
The MiFID II/MiFIR transaction reporting covers an
How prepared is your firm to handle the aftermath of a security incident? If you haven’t documented your firm’s safeguards, then you may find yourself in hot water. Written Information Security Plans (WISPs) are must-haves in our security-focused culture – just ask your regulators and investors. Below are some insights into the development and maintenance of WISPs.
What is a WISP?
A WISP is a formal documentation of a firm’s plans and systems put in place to protect personal information and sensitive company data. It includes both administrative and technical safeguards and identifies confidential information, where it is located, how
NEX Data is working in conjunction with NEX Markets on behalf of the Financial Futures Association of Japan (FFAJ) to produce new FX margin ratios for 170 currency pairs that are core to meeting new Japanese regulatory requirements.
Launched in February 2017, the FX margin ratios support the derivatives margin calculations which Japanese retail brokers now have to provide to local authorities, following the new regulations which kicked in on 27 February 2017.
Using underlying data taken from NEX Markets’ FX Central Limit Order Book (CLOB) EBS Market as a primary source in addition to third party sources, the
Trident Trust, an independent provider of corporate, trust and fund services to the financial services sector worldwide, has implemented Linedata’s transfer agency and reporting solution Mshare.
Trident Trust is using Linedata Mshare and Linedata Reporting initially in Guernsey, Malta and Luxembourg as part of an ongoing programme to further enhance its fund administration offering.
With over 400 funds under its administration worldwide, these solutions are enhancing Trident Trust’s ability to operate across multiple jurisdictions and a range of diverse asset classes. The platform provides hedge fund, private equity and partnership accounting capabilities, together with an intuitive profit and loss
Hedge fund managers are continually reviewing their relationships with fund administrators, fund custodians, prime brokers, fund auditors, fund marketers and law firms to ensure that they are getting the services they need.
A quarter of all hedge fund managers surveyed by Preqin at the end of 2016 changed at least one service provider over the previous year.
Of these, 75 per cent changed one service provider, 18 per cent changed two, while 7 per cent changed three or more service providers over the year.
Managers had two leading concerns when changing service provider: cost and quality of service.
By Joseph Bartolotta (pictured) – How many vehicles are on the road today with a “Schedule Service” message displayed on the instrument panel? And how many drivers will ignore it for yet another day? Why do we ignore those messages?
Lots of reasons. For one, getting that oil change or not really won’t affect how the car runs or performs right now. It will of course impact the vehicle’s future performance and longevity, but that’s not an immediate priority to many drivers. Then there’s the argument of not having enough time. Even though we know that 30 minutes now can avoid
