Solutions
Brokers facing the challenges of reduced trading revenues in European equities and new regulatory initiatives are also under pressure from the continued migration of trading business to lower-margin electronic execution.
Despite a multi-year bull market in European stocks and a pick-up in trading volume in the first half of 2014, the amount of commissions paid by institutional investors to brokers on trades of European equities remains 46% lower than it was at its 2008 peak. In 2014, the overall “commission wallet” used by institutions to pay for sell-side European equity research, advisory and execution services totalled EUR2.73 billion, according to
Abacus Group, LLC, a provider of hosted IT solutions for hedge funds and private equity funds, has launched the Abacus Cloud Panel
This web-based portal enhances the visibility and management of AbacusFLEX Mail for chief executive officers (CEOs) and chief technology officers (CTOs). The solution delivers on demand reporting and increased transparency, minimising infrastructure costs and enhancing control of deployment.
Abacus Cloud Panel is a hosted exchange control panel that allows business owners the freedom to provision resources directly from the web. It gives business owners the flexibility to create their own mailboxes, distribution groups and public folders
FIX Trading Community, the non-profit, standards body at the heart of global financial trading, has combined all initiatives for the support of FIX for high performance trading and market data into a single working group.
One of the drivers for this has been to confirm the importance that high performance has within the FIX family of standards. FIX Protocol has become a standard for the way the world trades and is used by thousands of firms every day to complete millions of transactions, enabling the industry to minimise the cost of trading, maximise operational efficiencies and achieve increased transparency.
Parabellum Markets has deployed FlexTrade Systems MaxxTrader as its full STP and white label FX trading system to aggregate liquidity and process Spot currencies, Forwards, NDFs, Swaps and Precious Metals.
”We are excited to announce our relationship with FlexTrade,” says Nathan Halfon, Managing Partner, Parabellum Markets. “Their MaxxTrader platform is a stunning solution to add to our eFX execution business for Spot, Forwards, NDF, Precious Metals and Swaps. With valuable features, such as Full Amount environment for large GUI clips or on demand throttling for API customers, it brings our trading services to a whole new level. And with FlexTrade’s
Genpact Limited and Lombard Risk Management have teamed up to provide a new solution to help financial services firms optimise their collateral management operations.
The collaboration between Genpact and Lombard Risk with CARDS and COLLINE addresses major cost pain points in the industry, and significantly improves margin and collateral management efficiencies with a true end-to-end solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's COLLINE collateral, clearing, inventory management and optimisation solution. This unique solution will enable both buy and sell-side firms to automatically digitise and capture the terms and conditions of various collateral
Convergex has become the first financial institution to establish a new ADR Depositary for the marketplace in almost 20 years.
In addition to trading and converting ADRs with Convergex, clients now can direct Convergex to create ADR programs for them to invest in, allowing these US investors new access to foreign companies.
With this new offering, Convergex will be competing directly with the traditional ADR Depositaries. Committed to increasing its ADR capabilities, Convergex will continue to build out the Depositary for its brokerage clients over the coming months as the service becomes available in 27 markets.
“ADRs are an
“We’re seeing more interest than we did in the past. PERE managers are looking for expertise from their service partners under the AIFMD. In the past they would have gravitated towards other jurisdictions. More service providers are now comfortable with PERE as an asset class,” comments David O’Keeffe (pictured), CEO of SMT Trustees (Ireland) Limited (“SMT Trustees”).
Ireland has until now not really been a favoured jurisdiction to set up PERE funds but that’s changing.
“We are seeing more demand for non-correlated asset classes compared to traditional assets. Service providers like these funds because they are often of a substantial
REDI Holdings has added Evercore ISI Institutional Equities’ (Evercore ISI) electronic execution platform to the REDI multi-broker network.
“Evercore ISI has long been acclaimed for its sophisticated macro and fundamental investment research, evidenced most recently by the firm’s stellar performance in the 2014 Institutional Investor Equity Research rankings,” says Sean Sullivan, Global Head of Sales & Marketing at REDI. “More recently, however, Evercore ISI has begun receiving similar praise for its algorithmic trading platform. We’re very pleased to further expand our multi-broker network with the addition of such a well-regarded provider.”
Brian Suth, Head of Electronic Trading at Evercore
By Simon Broch, AlphaDealing – Arguably, the Trading Desk is at the heart of the investment manager. Why then do so many new start-ups not invest in a dedicated trading desk?
The answer is twofold. Usually, the start-up PM underestimates the skillset required, believing they can give simply give orders themselves, although they will overpay on commission and often receive questionable execution. This is a form of outsourcing the trades, but at an exceptionally high frictional cost per trade.
The second reason, is cost. A manager on a 2/20 fee structure has a lot of expenses to pay in
Sliced Investing, an investment platform connecting accredited investors to hedge fund investments, has closed seed financing of USD2 million to expand the platform and grow its user base.
Venture capital firms Khosla Ventures, Triple Point Ventures and Data Collective invested alongside technology incubator Y Combinator. Sliced Investing will use the seed round to develop new funds for investors and accelerate their growth.
Co-founders Michael Furlong and Akhil Lodha are applying their financial backgrounds from Citigroup and Motif Investing to help accredited investors, who have historically not had streamlined access to hedge funds, gain exposure to the asset class.
