Solutions
Hedge funds today expect their appointed administrator to do a lot more than merely strike the NAV and keep the Investment Book of Records up-to-date. Value-add services, such as data management, regulatory and compliance, risk, and performance and attribution – all of which utilise the same underlying dataset – are becoming an increasingly important diversifier.
“You have to have the right technology platform and systems in place to gather data and help managers report that data on the compliance and regulatory side,” explains Eamonn Greaves (pictured), Head of Business Development at SS&C GlobeOp, one of the industry’s leading fund administrators.
Over the last two decades there have been significant limitations in the way that technology to manage swaps processing has been deployed to hedge funds.
On 15 April 2015, Cordium, a leading global compliance consulting, accounting, tax and software provider to the financial services industry, introduced a new compliance software solution called Pilot.
A cloud-based solution, Pilot is a more up-to-date, cutting edge version of Cordium’s flagship product, ComplianceTrak. Pilot is designed to help compliance teams manage a plethora of compliance and operational tasks from start to finish and can best be thought of as a tracking and monitoring tool. Whilst many hedge fund managers have compliance manuals and processes in place, until now many struggled to document and monitor those processes, to prioritise
In the last few years, market complexity has grown in response to increased regulatory demands, increased investor due diligence requirements, more complex fund strategies and even how hedge funds manage their balance sheets with their prime brokers.
These demands are putting pressure on technology specialists to innovate. One firm that is helping to pioneer the way that hedge funds streamline their operations is Eze Software Group. According to President, Jeffrey Shoreman (pictured): “We feel we are driving innovation in this space by bringing together front, middle and back office functionality in ways that have never been done before.”
Eze Software
Trading technology specialist Orc’s Orc Tbricks trading platform now offers a certified interface to the Chicago Board Options Exchange (CBOE), including the CBOE Futures Exchange (CFE).
The new high-speed interface enables quoting and trading a broad range of products, including equity options and index options such as CBOE Volatility Indexâ (VIX Index) options.
Orc Tbricks empowers trading desks with a fully flexible, customizable trading system. Its app-based modular platform delivers superior performance, while providing flexibility to adapt to constant market change.
“We are delighted to offer Orc Tbricks users fast connectivity to CBOE through the exchange’s native CMi2 API,” says
Guernsey Finance’s Dominic Wheatley (pictured) explains how the island is working with the BVCA for the future success of British private equity and venture capital.
At the end of last year, Guernsey Finance was delighted to attend the inaugural meeting of the BVCA’s Channel Islands Group.
Guernsey’s geographical location in the English Channel, the island’s close links to the City of London and our position as one of the world’s leading private equity fund domiciles, means that we have always had a close relationship with the association.
This is reinforced by the fact that, for several years, Guernsey Finance has
Northern Trust Hedge Fund Services has called on the hedge fund industry to leverage technology and adopt clearer industry standards in data management to help close a gap in transparency expectations between fund managers and investors.
The recommendation follows a key finding from a 2014 survey of hedge fund managers and investors fielded by Northern Trust Hedge Fund Services, a leading provider of administration and middle-office services for hedge funds. The survey revealed that 55 percent of investors favor more transparency from their hedge fund managers while 98 percent of managers think investors are satisfied with the level of transparency
Tullett Prebon Alternative Investments (TPAI) has developed and launched a screen-based matching engine called TP-AIME (Tullett Prebon Alternative Investments Matching Engine) to better facilitate transactions in alternative investments.
In addition to functioning as a price discovery and matching engine, the screen also facilitates auctions in hedge fund, private equity and real estate fund interests.
Secondary transactions in fund interests tend to be opaque. However, TPAI believes technological innovation will, in time, lead to a more robust marketplace. With thatgoal in mind, TP-AIME has been developed to increase transparency, simplify the arranging of transactions and make trade-settlement more efficient.
Following the end of the Exchange Council’s term of office of three years, the trading participants of the European Energy Exchange (EEX) elected a new Exchange Council in accordance with the applicable schedule on 7 May 2015.
The Exchange Council represents the interest of the trading participants and is involved in all essential decisions of the exchange. It has in total 24 members and, for example, approves the rules and regulations of the exchange and changes to it. The participants vote in different election categories in order to adequately represent the different interests on the Exchange Council. The election was
Exegy, a provider of high-performance market data normalisation and distribution solutions, has introduced six new feed handlers for foreign exchange venues.
The new additions expand Exegy's broad portfolio of over 200 market data feed handlers, including feed handlers for leading bank portals and ECN platforms for currency trading. Exegy is now supporting an additional six bank portals – Bank of America, Credit Suisse, Goldman Sachs, JP Morgan, Nomura, and Royal Bank of Scotland.
The additions to Exegy's portfolio of market data feed handlers were driven by expanded usage of its hardware-accelerated appliances for currency trading. Exegy continuously develops new
