Solutions
Williams Trading has become the latest firm to partner with AltX, the cloud-based data analytic network that uses proprietary algorithms to develop relationships between investors and hedge funds.
Founded in 1997, Williams Trading is a full-service firm that provides equities execution and capital markets services. Williams sees AltX as way for his clients to save time and money through using its screening and customisable benchmarking capabilities.
“AltX provides one-stop shopping for quick and thorough search, discovery and due diligence of fund managers. I applaud AltX’s speed and the depth of information that the platform gives us and our clients,”
Linedata has launched Linedata Optima, a suite of business process management (BPM) tools designed for fund accounting and administration and which will run across Linedata’s suite of fund servicing solutions.
BPM tools are key in an era where increasing emphasis is placed on transparency and control and where the reputational and financial consequences of errors can be punitive. As fund accounting solutions become ever more automated, often managing complex work processes, exception and process monitoring has frequently been a largely manual process.
Linedata Optima has been created to remove this manual operation by presenting a real-time view of automated
Just 18 months after starting development work, Clearstream and Standard Chartered Bank have now implemented a collateral management service for Singapore.
From 17 November onwards, mutual customers will be able to consolidate their assets held across both institutions into one single pool to perform collateral management transactions with any Clearstream collateral receiver. The service is part of Clearstream’s integrated collateral management offering, the Global Liquidity Hub.
Assets held by a customer in an account with Standard Chartered in Singapore are now automatically moved to a Clearstream account at Standard Chartered when they are needed as collateral, thereby relieving customers
Jersey Finance has embarked on a ramped-up programme of activity in Asia this autumn, including launching an inaugural series of Roadshow events in key markets across the Far and Middle East.
The tailored series of breakfast and lunchtime events will feature a number of expert speakers, including Richard Corrigan, deputy CEO of Jersey Finance, who will discuss current trends in the private client, funds and capital markets spaces, the role of international finance centres and how Jersey is stepping up to the plate in delivering high quality solutions tailored to the changing needs of the Asian marketplace.
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The Chicago Board Options Exchange (CBOE) has launched the CBOE Mobile options application for iPhone and iPad users.
The app features a variety of basic to advanced educational courses specifically developed for mobile application by The Options Institute, CBOE's educational arm.
The tool includes 75 interactive lesson modules that encourage self-directed learning at a comfortable learning pace. Additional features include trading tools and market data (including detailed price quotes, charts and options chains), accessibility to CBOE's social media channels, and streaming video from CBOE TV. CBOE plans to regularly add more courses and lessons, including topics on CBOE volatility
By Gene Ekster – Some historians note that in the 50’s Sam Walton, the founder of Wal-Mart, would get into his silver 75hp two-seater airplane and take to the skies to count cars in parking lots with the aim of making better decisions about his firm’s real estate investments. Today investors, with the help of companies like RS Metrics and their satellite imagery product, can scour the parking lots across the globe from their computers and make trading decisions in the spirit of Sam Walton.
Datasets such as the ones from RS Metrics, are known as alternative data in the financial circles
As global banks deleverage and pursue a course of balance sheet strengthening, the opportunities to build exposure to bank debt have become numerous. Loan trading in 2013 rose to USD530bn. According to eVestment, floating rate bank debt was one of the top 10 most searched universes by consultants towards the end of last year.
The fact that this remains quite an esoteric asset class gives hedge funds an advantage over other market participants and the opportunity to look for value.
“If you look at our customer base, 10 years ago there were a handful of players in the loan
Hedge360’s Risk Reporting Service, as part of the platform’s managed service offering, equips managers with the tools needed to manage and effectively report risk to an institutional standard.
Laurence Wormald identifies this growing level of institutionalisation, coupled with regulatory requirements, which under AIFMD in Europe are akin to the UCITS regime, as two primary drivers for enhanced risk management.
“Hedge fund managers essentially need to mirror the same levels of risk management that institutional managers have been doing for many years. We’re very familiar with that. SunGard has over 175 institutional clients using our risk solution; we know what
Global Derivatives Indices (GDI) has formed a strategic partnership with Tradition, the interdealer broking arm of Compagnie Financière Tradition, to use prices from Trad-X to calculate a new USD version of GDI’s Constant Maturity Index (CMI).
This will underpin the GMEX interest rate swap (IRS) Constant Maturity Futures (CMF) contracts.
Under the terms of the partnership agreement, GDI will source firm tradable bids and offers from Trad-X, Tradition’s global trading platform, to calculate a new USD-denominated weighted-average index designed to reflect the USD IRS market in real-time. Additionally, Trad-X will contribute prices to the existing GDI EUR IRS index
EY (Ernst & Young) last year published an operational efficiency survey and in it, they found that 40 per cent of respondents had already outsourced their middle office functions (26 per cent), or planned to over the next two years (14 per cent). Aside from the cost benefits, managers have to demonstrate that their operations are institutional-grade quality. Investors now ascribe the same level of importance to a manager’s operational infrastructure as they do the investment thesis and track record.
This is driving managers towards the adoption of managed services. One of the primary reasons for doing so is the
