Solutions
JP Morgan now has access to the largest pool of buy-side block liquidity in Europe via SIX Swiss Exchange Liquidnet Service (SLS), a long-standing partnership of SIX Swiss Exchange with Liquidnet.
SLS provides JP Morgan with access to genuine block liquidity and unrivalled average execution size, providing maximum price improvement and minimal market impact.
SLS unites participants with over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across 13 markets.
Gregor Braun, head product sales at SIX Swiss Exchange, says: "To enjoy the benefits of SLS, our participants can use their existing connection
Backstop Solutions Group, a provider of cloud-based productivity solutions for hedge funds, funds of funds, pensions, endowments, foundations, private equity firms, consultants and family offices, and ACA Technology Solutions, a provider of investment management and regulatory technology solutions, have completed an API integration of their solutions.
The hook-up connects ACA's NorthPoint Data Management and Security Master Solutions to Backstop's CRM, Research Management, and Portfolio Management Systems.
The connectivity with ACA allows Backstop clients to integrate data from multiple sources, including proprietary systems and other relevant data stores and providers, creating a seamless flow of information and ensuring users are
The European Energy Exchange (EEX) has extended its product offering on the power derivatives market by launching Swiss Power Base Day and Weekend Futures.
On the first day of trading a total of 5,400 MWh was traded in Swiss Base Day Futures.
The first transaction in the Day Futures contract with a volume of 600 MWh was brokered by ARRACO Global Markets and concluded between Danske Commodities and NEAS Energy.
Swiss Power Base Day and Weekend Futures complement the existing Futures product range for the Swiss market which includes weekly, monthly, quarterly and yearly delivery periods.
EEX
By Mary Beth Hamilton (pictured), Vice President, Eze Castle Integration – It’s inevitable for C-level execs at hedge funds and private equity firms to have differing opinions from time to time, and outsourced IT can sometimes be an area that breeds tension at the management level. On one hand, Chief technology officers (CTOs) are engrossed in every level of technology, from application management to security to disaster recovery, and they have a vested interest in concerns from user experience to business continuity and beyond.
On the other hand, you have chief financial officers (CFOs) focused on the bottom line, factoring in the
DTCC-Euroclear Global Collateral has launched the Inventory Management Service (IMS), a solution that enables market participants to mobilise securities from the US to Europe for use as collateral amid rising demand for high-quality securities to back trades.
With IMS, financial institutions can now optimise collateral across two of the largest global market infrastructures servicing a combined USD78 trillion in assets.
The launch of IMS fulfils one of the joint venture’s key goals of delivering cross-border collateral mobility, and is part of GlobalCollateral’s ongoing commitment to establishing a key market utility that delivers increased visibility, mobility and efficiency to highly-fragmented
The European Energy Exchange (EEX) and the Polish Ministry of the Environment have concluded an agreement under which EEX, in its capacity as the common EU auction platform, will auction off the Polish share of emission allowances until a national opt-out platform has been established.
In this context, the auction calendar for 2017 was determined in coordination with the Ministry and the European Commission. The first auction is scheduled for 29 March 2017.
In 2017, EEX will carry out 19 auctions of EU allowances (EUA) on behalf of Poland – every second week on Wednesdays. The bidding window on
Jersey has introduced a new regulatory framework for private funds which the Jersey Financial Services Commission believes will enhance the island’s competitiveness as a jurisdiction in which to establish funds.
The new Jersey Private Fund consolidates and streamlines Jersey’s private fund offering and will enable funds with up to 50 investors to take advantage of a fast-track authorisation process and lighter ongoing regulatory requirements.
It is designed to provide a more flexible and versatile framework which will further improve the speed and ease with which funds marketed to professional investors can be established. The framework ensures continued compliance with
The Jersey Financial Services Commission (JFSC) has launched the Jersey Private Fund (JPF) Guide, setting out the criteria for Jersey’s new private fund product which can be marketed to up to 50 professional investors.
The JFSC has launched the JPF Guide after feedback from the industry on its joint consultation with the government which, undertaken in 2016, focused on the “rationalisation and consolidation of Jersey’s private fund and unregulated fund regimes”.
The regulator has also taken account of product developments in other jurisdictions.
The launch of Jersey’s new single private fund product will see the phasing out of
INDATA, a provider of software, technology and services for buy-side firms, has made functionality enhancements geared towards the MiFID II implementation date of January 2018.
More than 350 changes have been made to the iPM Epic software suite.
Numerous User Interface (UI) changes and data aggregation tools have been made to harness data from external systems for complex compliance rule calculation and handling on a more granular level.
Streamlined workflows for efficiently capturing and storing internal and external data across the front, middle and back-office have been implemented. The updates provide full reconciliation capability and audit trail resulting
Pacific Fund Systems (PFS), a provider of fully integrated fund administration software via its PFS-PAXUS application, has appointed Didier Lucotte as cloud services manager in the firm’s European operations team.
Lucotte, who will based in the group’s Isle of Man office, is an experienced cloud project manager having previously served in this role with a UK listed telecoms company.
His role will encompass bringing the PFS-CLOUD initiative online and subsequently managing new and existing client migration onto the PFS-CLOUD.
As part of the new service PFS will offer its core software products, PFS- PAXUS and PFS-CONNECT via a
