Solutions
Quintillion, the European-based affiliate of US Bancorp Fund Services, has expanded its middle office services to include a specialised DTCC reconciliation offering for the OTC derivative and credit spaces.
Quintillion clients using DTCC (The Depository Trust & Clearing Corporation) for electronic confirmation services can now take advantage of a specialised reconciliation service provided by Quintillion.
Daily data from DTCC is now combined with enriched Quintillion portfolio information maintained within Advent Geneva, allowing the fund manager to outsource this function.
Many reconciliations use an extended range of match criteria necessary for fully identifying any OTC derivative or credit instrument
At the ICE Endex gas storage auction on 25 January, on behalf of GasTerra, all 4,549,450 Standard Bundled Units (SBUs) for the contract period 2017/2018 offered to the market were allocated after two auction rounds.
The outcome of the auction is an average weighted price per SBU of EUR1.71.
ICE Endex has operated auctions for virtual gas storage services in the Netherlands since 2011, with auctions taking place twice a year.
Gas storage services are sold in the form of SBUs, which allow market participants to inject or withdraw gas from a virtual storage facility. A SBU has
Ancoa, a provider of contextual surveillance and analytics for exchanges, regulators, buy- and sell-side firms, has been selected by Energie Steiermark to monitor trading activity covered by MAR (Market Abuse Regulation) and REMIT.
As one of the largest service providers in Austria, Energie Steiermark's main focus is on energy efficiency and innovative service offerings in the fields of electricity, natural gas, heating and mobility.
Following a rigorous review of trade surveillance providers, Energie Steiermark selected Ancoa to monitor derivatives and physical commodity transactions executed on the main energy markets as well as the monitoring of OTC trades and
PEGAS, the pan-European gas trading platform operated by Powernext, has introduced time spread products on its PEGAS Futures hubs.
The hubs are CEGH VTP, GASPOOL, NBP, NCG, PEG Nord, PSV, TTF and ZEE.
The new contracts are available via the Trayport Exchange Trading System (ETS), as well as the Straight Through Processing (STP) registration service for OTC trades.
On the first day, a total volume of 3.5 TWh was traded on the new products.
In total, 61 transactions were made by 38 different members, including all maturities (months, quarters, seasons and calendar years), mainly on the PEGAS
Valphi has teamed with DataArt to produce a financial analysis tool which is designed to improve decisions taken by financial institutions through the provision of in-depth investment information coupled with visualisations.
The tool provides data taken from multiple financial indicators, including some unique to Valphi, with visualisations that allow users to recognise patterns more efficiently than any algorithm-driven trading platform.
The solution uses technology to link human processes back into financial services, enabling analysts to easily distinguish trends, correlations and outliers.
Alexander Makeyenkov (pictured), senior vice president, DataArt finance practice, says: “While so much innovation in the financial
BGC Brokers is collaborating with Pirum Systems, a provider of connectivity and real-time straight-through processing (STP) to the securities finance industry, to launch ColleX which is aimed at improving post-trade efficiency for clients.
ColleX provides clients a platform for collateral trading. Specifically, it is a multi-product and multi-asset-class platform to promote collateral mobility in all its forms. Its centralised liquidity increases the depth and breadth of interests, thereby promoting fast execution.
ColleX was launched to market in Q3 2016 as part the widening portfolio of electronic services developed by BGC's FENICS business.
The collaboration between the two firms will
Clients of Exchange Data International (EDI) will now have access to worldwide corporate actions, closing prices and reference data via The Beast Apps, in addition to the BondΣ service, which is already available.
By partnering with The Beast Apps, EDI is enabling clients to gain a more detailed view of their holdings and accurately calculate the risk of their portfolios.
Clients can benefit from The Beast App’s experience in making access to data available using Excel, browser and mobile devices and EDI’s knowledge of market data and analytics.
This collaboration combines EDI’s services with BeastExcel technology from The
International investors will be able to access the domestic Chilean capital markets with increased ease as of 1 February 2017, following close cooperation between the Chilean Ministry of Finance and Euroclear to align the country’s post-trade processes with international standards.
For the first time, Republic of Chile government bonds, denominated and payable in pesos have simultaneously been made available to domestic and international investors, in accordance with the financial integration agenda promoted by the Chilean government.
The government bonds offered and sold to international investors representing approximately 20 per cent of the global issuance, were settled through Euroclear Bank’s
Saxo Bank is integrating Autochartist’s tools into SaxoTraderGO, enabling clients to trade based on automated technical analysis and live trade signals across asset classes.
“With the deep integration of Autochartist we further enhance the analysis tools available to clients. There is no need to open other browsers, run applications or third-party setups. The deep integration works seamlessly across devices and makes technical analysis and live trade signals actionable right at the clients’ fingertips,” says Kim Cramer Larsson (pictured), platform manager and technical analyst, Saxo Bank.
Ilan Azbel, CEO, Autochartist, says: “Saxo’s collaboration with Autochartist is an example of how
Individuals who serve as independent non-executive directors, like it or not, operate in a role which is constantly evolving. This evolution is not only in parallel with changes in investment funds business but also in terms of regulation and heightened scrutiny on the financial sector generally.
Sean Inggs (pictured), a professional fund director at International Management Services Ltd in Grand Cayman and former corporate and funds lawyer, takes a closer look at this evolving role and offers his insights from a slightly different perspective.
What are your thoughts on corporate governance of investment funds in the current climate?
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