Solutions
Cybersecurity has become a focus of the hedge fund industry lately and regulators are taking an increasing interest in assessing the resilience of firms to cyber attacks. The problem that hedge fund managers face, when starting to do such an assessment, is trying to find the right level of response; no easy task given the plethora of reports, commentaries on this subject.
To help cut through the noise, the Hedge Fund Standards Board has put together a 10-page cybersecurity memorandum, due to be published later this month. Thomas Deinet (pictured) is the CEO of the HFSB. He says: “You can
Guggenheim Securities has agreed a software licensing agreement for Autonomy, Clearpool’s private label algorithmic trading platform introduced earlier this year. Clearpool is a next-generation trading software development and agency execution business.
“Autonomy offers a high level of transparency, control and new category of technology,” said Clearpool Group CEO, Joseph Wald. “It was conceived to give clients electronic and algorithmic trading distinction and long-term value.”
Autonomy does not require end user development, or a large investment in infrastructure by the client. Guggenheim is live on Autonomy and actively trading through it, with a roll-out to clients as a private label
Elian has been granted an investment business licence by the Jersey Financial Services Commission (JFSC). Working with global financial-services company, SEI, Elian Capital Services is now able to offer an integrated investment management programme.
Elian Capital Services, which is regulated by the JFSC, has a dedicated team of qualified investment specialists. The investment management offering will provide clients of Elian Performance and Reward Management and Elian Private Wealth with access to a cost-effective, comprehensive and robust wealth management solution. The service will be managed out of the Jersey office.
With USD262 billion in assets under management, SEI is a
EBS BrokerTec, ICAP’s electronic foreign exchange (FX) and fixed income business, has licensed software from derivatives trading technology company, FX Bridge Technologies Corp allowing it to develop a relationship-based FX options solution for the professional trading community.
As part of the licensing deal, Stephen Best, former CEO of FX Bridge’s subsidiary, FX Bridge Institutional Services, has joined EBS BrokerTec as Head of FX Options, EBS Direct, and will be based in the New York office. Prior to his role at FX Bridge he held senior roles at State Street, JP Morgan, and Bank One.
The combination of FX Bridge’s
Euronext has expanded its Spotlight options offering with new options on Flow Traders NV (FLW), a technology-enabled liquidity provider that specialises in exchange traded products (ETPs).
The options follow the company’s successful IPO on Euronext Amsterdam in July this year and are available for trading as from 14 September.
In addition, Euronext promoted the existing Spotlight option classes Euronav (option trading symbol: EUN) and BE Semiconductor Industries (option trading symbol: BES) to the standard options segment which means that the lifetime of these contracts will be further extended. The extension to longer maturities follows the lively trading in these
BP Capital Fund Advisors (BP Capital TwinLine) has selected Ultimus Fund Solutions’s Advisor Solutions Group to provide a full suite of middle-office services for the firm’s institutional BP Capital TwinLine Separately Managed Accounts.
By leveraging Ultimus’ depth of operational knowledge and industry-leading technology, the BP Capital TwinLine team will be able to focus on its core business functions while diversifying its product offering. BP Capital TwinLine is the latest firm to join the growing middle office outsourcing trend, as advisors look to gain efficiencies and access expertise without tying up critical internal resources or licensing and operating expensive technologies.
Bloomberg STP Solutions and Traiana have developed a straight-through processing infrastructure to further streamline the workflow of foreign exchange (FX) options. The solution integrates Traiana's Harmony messaging network with Bloomberg's trade processing tools.
"As the FX market reaches greater levels of automation, FX options, with their complex instrument structures and numerous post-execution events, continue to involve manual processes which present operational risks and challenges to market participants," says Ben Macdonald (pictured), Bloomberg's Global Head of Product. "We believe that providing a decentralised solution to both buy and sell side participants offers them the flexibility needed for broad market coverage and
Derek Adler (pictured), a founder member and director of International Financial Administration Group Ltd (ifina), responds to a recent Hedgeweek article about a new SuMi TRUST whitepaper…
Having worked in the City of London from the mid 1970s until the late 1990s as an asset manager and for the last 18 years as a fund administrator, I found myself agreeing with much of what was written in the article – Firm says prime brokers and fund administrators pose greatest challenge to hedge fund businesses. However there are some points that must be expanded upon and clarified and therefore I decided to write this
The Gibraltar Financial Services Commission (GFSC) is delighted to announce that it has signed a Memorandum of Understanding (MoU) with the British Virgin Islands Financial Services Commission on 13 July 2015.
Under the terms of the MoU, the commissions agree to assist each other in order to ensure stakeholder and public protection and to develop market and financial integrity.
Samantha Barrass (pictured), GFSC CEO, says: “The signing of this MoU is significant for us. It serves to enhance our commitment to establish international relationships with other supervisory organisations, in order to support and strengthen our regulatory work”.
The
From 8-10 September, 2015, 11 teams from five countries will compete in the championship round of SunGard’s Global Coder Cup ’15, a financial technology code-a-thon, to be held at FC Barcelona’s Camp Nou stadium.
At the event the finalists will be given 48 hours to design and implement a product that utilises big data tools, and analytics, to create innovative and actionable technologies and solutions, with an applicability to either internal or client-facing financial systems. A judging panel comprised of SunGard’s chief technology officer and industry experts from Intel and BBVA CIB will decide the winning solution. The competition is
