Solutions
AlphaDesk, a cloud-based software provider to hedge funds and other investment managers, has released a fast-track deployment of its front-to-back, multi-asset, integrated order and portfolio management system (OMS/PMS).
The new release will provide start-up and emerging funds managers with AlphaDesk's core functionality within a pre-defined configuration and a select number of integrations and interfaces.
There are no implementation fees, and installation and training takes place across a few weeks, not months. A full 90-day refund warranty is also included.
Nick Straatsma (pictured), global product manager, says: "With this new package we are responding to the comments from prime
Fund administration group Centaur is increasing its product offering and expanding its global footprint by opening an office in Bermuda.
It follows a recent move for Centaur’s European headquarters to larger offices in Dublin’s International Financial Services Centre to accommodate the tenfold increase in employees that Centaur has experienced over the past six years.
The firm now has offices in Dublin, New York, London, Bermuda, and Cayman.
Karen Malone (pictured), founding partner of Centaur, says: “This is an exciting time for Centaur, which has steadily expanded on the back of exceptional performance. Our latest service location in Bermuda
Specialist financial services group JP Integra Group has announced the expansion of the firm’s services, targeting the private capital sector with a wider offering.
The firm has also announced international business growth plans with the launch of a US representation in order to be closer to clients based in the Americas. The firm writes that to better-reflect the diversified offering it can provide to global family offices, high-net-worth individuals and investment managers, the firm has changed its name to “JP Integra Group” from “JP Funds Group”, under which they had operated since 2007.
The expansion of the firm’s offering
FlexTrade Systems, a provider of multi- asset execution management systems, has launched TradeGuide – a way of visualising and presenting trade data in the company’s FlexTrader multi-asset execution management system (EMS).
TradeGuide is a series of pre-defined web components sitting directly in the FlexTrader multi-asset EMS. It offers pre-trade and in-flight feedback on orders.
TradeGuide draws in data from multiple sources, which is interpreted with conclusions presented in an easy to digest format.
Rather than rely on the traditional row and column table format, TradeGuide introduces a new way of visualising trade data.
The initial release of
European Commodity Clearing (ECC) has introduced a new membership model – the Direct Clearing Participant Model (DCPM).
The new model will allow trading participants to have direct access to trading and clearing of spot markets without the requirement of a clearing member which enables a greater number of players, in particular the smaller participants, access to wholesale spot markets and further increasing depth of liquidity.
Initially, the model will be available to the Dutch and Belgian EPEX power spot markets with France, Germany, Switzerland and Austria scheduled to follow by the end of 2016.
It will be extended
Cowen Prime Services prepares to launch its platform in London in the coming weeks with prime brokerage and outsourced trading, among the high-touch services that will be on offer to European hedge fund managers.
London is the latest focus of attention for Cowen Prime Services as it looks to expand its network beyond North America.
“We believe that there is a real opportunity for Cowen Prime Services to enter the European market and be successful. Since Concept Capital Markets LLC was acquired by Cowen Group, Inc., last September, we’ve continued to invest heavily in the business,” comments Mike Rosen, Cowen’s
Avelacom has established a point of presence (PoP) in the new DataSpace data centre in close proximity to the Moscow Exchange (MoEx), allowing the firm to optimise customer access to the exchange’s electronic systems.
DataSpace, Russia’s first Uptime Institute certified Tier III Gold data centre, will begin serving as a primary data centre facility for MoEx from November 2016.
Between now and the end of October, Avelacom, will be helping its clients to move their low latency infrastructure from current data centres to DataSpace.
Avelacom has also optimised its metro area fibre network to shorten route distance from
McKay Brothers, a specialist in low latency networks, has secured an investment from trading firm IMC.
IMC will take a minority stake in McKay, providing capital for the improvement of McKay’s networks serving the latency sensitive trading community.
Financial terms of the agreement have not been disclosed.
Stéphane Tyč (pictured), McKay co-founder, says: “This agreement not only further strengthens our financial position, which will keep us ahead in terms of network speed and reach, and data coverage and quality, but, as importantly, maintains our autonomy. That’s great news for all of the trading firms that use our
Quattrex Sports has chosen European Fund Administration (EFA) for the administration and transfer agency of its alternative investment product Quattrex SCA, SICAV-FIS.
The partnership aims to offer investors a choice of sub-funds investing in professional German and more generally European football clubs, featuring an array of investment objectives.
This first-of-a-series sub-fund provides mezzanine financing to professional football clubs primarily within the first three levels of the Bundesliga to increase their financial capabilities as well as to strengthen their sportive competitiveness, especially promotion or qualification for international competition. In football, sports success correlates heavily with all substantial revenue streams –
Lemanik Asset Management, an independent Luxembourg-based asset manager with USD20 billion of assets held in 230 sub-funds, has chosen Linedata’s compliance monitoring software – Linedata Compliance.
To comply with the UCITS and AIFM directives, which impose rigorous controls and strict transparency discipline, asset managers need a risk management system and investment restrictions set-up that can be adapted to changing regulatory requirements and that minimises operational risk.
In view of the strengthening of regulatory constraints and the growing number of funds under its responsibility, Lemanik Asset Management has decided to manage its report production by itself.
Operating in real
