Solutions
US-based hedge fund administrator Gemini Hedge Fund Services has chosen SunGard’s Hedge360, a front-to-back office hedge fund investment management application suite, as its platform of choice.
Hedge360 will enable Gemini Hedge to increase operational efficiency to better service its clients through automating processes, simplifying workflows and reducing the risks associated with manual entries.
Gemini Hedge sought a solution that could help its portfolio managers customise their portfolio management, risk, IT and reporting requirements with a swift time-to-market.
“The ability to choose tailored components of the investment management suite to meet our specific automation requirements was a key element
Over 80 per cent of institutional investors expect risk management to play an even greater role in the investment decision process in the future, according to a study published by BNY Mellon.
The study has been produced in collaboration with Nobel Prize-winning economist Dr Harry Markowitz.
Over the next five years 73 per cent expect to spend more time on investment risk issues, while 68 per cent expect to spend more time on operational risk issues. Only 25 per cent of respondents, however, had a chief risk officer.
Entitled New Frontiers of Risk: Revisiting the 360O Manager, the
Saxo Bank has launched futures spread trading for retail and institutional clients.
From 18 February, clients will be able to trade futures spreads on a variety of assets across all of Saxo Bank’s platforms, including its SaxoTrader mobile apps for smartphone and tablets.
The introduction of this product to Saxo Bank’s offering enables its clients to trade intramarket futures spread as well as named calendar futures spreads on a range of key contracts including gold, oil and other commodities, interest rates, bonds and major stock indices.
One of the key attractions of futures spread trading is the ability
The London Metal Exchange (LME) is to introduce a new policy allowing clients of LME members to connect directly to the exchange’s electronic trading platform, LMEselect, for market data.
The change will be effective from 24 March 2014.
In response to user demand, the LME will enable market participants to connect to LMEselect directly to receive a data-only feed. Until now, clients have only been able to access data through members or independent software vendors (ISVs). The new policy is of particular interest to members’ clients pursuing an algorithmic trading strategy, as they can now trade with the benefit
JTC Group’s funds arm has invested in an IT platform, FrontInvest, to bolster its capabilities in the funds sector.
The platform, provided by eFront, follows best practice processes and systems and helps to ensure that JTC Group can fulfil regulatory, financial and tax reporting requirements for its growing roster of fund clients.
JTC Group’s international funds team administers both closed- and open-ended funds established in Guernsey, Jersey and Luxembourg, as well as other non-domiciled fund structures in financial centres, such as the British Virgin Islands and the Cayman Islands.
Its expertise and scope has been enhanced by the
LME Clear launched its new trade reporting service, LMEwire, in time to meet the 12 February reporting deadline set out by the European Market Infrastructure Regulation (EMIR).
The service, offered in partnership with the Depository Trust & Clearing Corporation’s (DTCC) trade repository, began reporting on schedule with uptake from 30 per cent of the LME clearing membership.
“The tight implementation deadline for trade reporting under EMIR was a concern for the industry, and ensuring members could comply with the new rules in an efficient and cost-effective manner was the key driver behind this new service,” says Trevor Spanner, CEO
Options has expanded its suite of market data feeds to include 10G connectivity to the new Eurex Enhanced Order Book Interface (EOBI) feed.
The new service, designed for latency sensitive market participants, will be available to customers collocated in Equinix FR2 and Europe.
This latest addition to the Options PIPE Velocity platform will mean unified access to EOBI, Eurex trading, as well as Xetra market data and trading services. Additionally, EOBI will further compliment the Options stable of future markets, including CME, LIFFE and ICE.
Customers leveraging Eurex EOBI will do so via the Options PIPE Velocity platform, the IaaS provider’s ultra-low latency market data,
Omgeo’s fixed income community has grown by more than 12 per cent during 2013.
Globally, 730 investment management, broker/dealer and outsourcer clients have adopted fixed income functionality on Omgeo Central Trade Manager (Omgeo CTM), its multi-asset class platform for the central matching of cross-border and domestic transactions.
Some 370 US clients have adopted Omgeo OASYSSM, its US domestic trade allocation and acceptance service, respectively.
The growth in Omgeo’s fixed income community, as well as macro-economic events such as quantitative easing in the US, has led to a 20 per cent year-on-year increase in fixed income volume on
Deutsche Börse has acquired a stake in Bondcube, the new fixed income trading system, for a low sum in the single digit millions (GBP).
Bondcube is a London and Boston based electronic bond platform which links dealers and customers in a single marketplace in order to boost the liquidity of the global bond markets.
The firm uses tried and tested trading protocols from other markets, such as equities, to optimise liquidity discovery.
Bondcube is ideal for large, market sensitive bond orders that have now reverted to execution via telephone.
“The perception of a lack of liquidity in
Black Mountain Systems has selected the Eze Private Cloud to deliver services to its clients, including global investment firms, which use Black Mountain Systems for data aggregation, process management and business reporting.
By delivering its Everest platform directly through the Eze Private Cloud, Black Mountain Systems gives its clients enterprise-grade services and applications in a flexible, secure environment.
Black Mountain Systems is a software company that develops tailored solutions for global investment firms seeking greater operating efficiency and reduced risk. The company’s Everest platform eliminates the boundaries between systems, information and people, so that clients can focus on the
