Solutions
FNEX has launched FNEX.com, an online marketplace for alternative investments, including placements in private companies, hedge funds and managed futures accounts.
The web-based platform provides accredited investors, family offices and institutions access to investment opportunities offered by investment banks and funds across the US.
"FNEX is a centralised marketplace where investors and offering groups can connect and complete strategic transactions all on a single platform," says Todd Ryden, chief executive of FNEX. "Our unique and streamlined process caters to experienced, savvy investors who are looking for a simple sourcing platform that provides them with a reliable resource for
The US Commodity Futures Trading Commission (CFTC) has approved the application of 360 Trading Networks (360T) for temporary registration as a swap execution facility (SEF).
360T is a Delaware limited liability company and is wholly-owned by 360 Treasury Systems AG, a German joint stock company.
A SEF is a category of CFTC registered entities created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to provide greater pre-trade and post-trade transparency to the swaps market.
360T will be required, as will all future temporarily and fully registered SEFs, to demonstrate continued compliance with all
FIX Trading Community, the non-profit, industry-driven standards body for global financial trading, has formed a Global Post-Trade Working Group.
The new group will bring together the existing Americas Buy-side Post-Trade Working Group with the EMEA Post-Trade Working Group, in addition to welcoming participation from members based across the Asian and Japanese markets, providing a forum where the business and regulatory challenges impacting the post-trade environment can be effectively addressed through the use of standards.
The decision to merge the two existing groups was taken following the extensive global collaboration already taking place. Group participants also recognised within the
Liquid Holdings Group has released version 3.5 of its cloud-based hedge fund platform, Liquid.
“We purpose-built the Liquid platform for hedge funds. Our commitment to cloud computing since our inception allows us to quickly meet our clients’ business requirements, while reducing their costs, burdens and risks. Leveraging the cloud to provide hedge fund managers with institutional quality trading, risk management, reporting, shadow accounting and managed services in a single platform is a game changer,” says Liquid chief executive Brian Storms.
Version 3.5 includes functional upgrades, primarily across its low latent OEMS, which combines the extensive functionality of a
BGC Partners’ subsidiary BGC Derivative Markets has received temporary registration approval from the US Commodity Futures Trading Commission (CFTC) to operate a swap execution facility (SEF).
BGC intends to offer trading of regulated swaps from 2 October onwards, consistent with the derivatives trading regulations under the Dodd-Frank Act.
"Receiving CFTC approval to operate a SEF marks the next chapter for our company and our clients, and is a positive step forward for the marketplace," says Shaun D Lynn, president of BGC. "BGC has utilised the strength of its leading proprietary technology and is fully prepared for a new
TeraExchange has received temporary registration from the Commodity Futures Trading Commission (CFTC) to operate a multi-asset class swap execution facility (SEF).
As a swap execution facility, TeraExchange will empower market participants to execute a wide variety of financial instruments including interest rate swaps, CDS indices and FX: non-deliverable forwards.
“The launch of SEFs is bringing transparency and new opportunities for efficient hedging and alpha creation to the swaps market,” says Christian Martin, chief executive and co-founder of TeraExchange. “With our temporary registration in hand we can now deliver market participants the most efficient and robust offering in the
First Derivatives is teaming up with NYSE Technologies to create a suite of historical data “as a service” solutions for NYX clients using First Derivatives’ Delta product suite.
Combining NYSE Technologies’ historical and real-time data expertise covering cash, options, futures and corporate actions with First Derivatives’ products and market expertise, the Tick as a Service offering will build into a suite of market services for clients to gain access to large data stores for analytical back testing and compliance
“By integrating First Derivatives’ suite of services with our diverse portfolio of technology solutions, including our consolidated feed service, we can offer comprehensive data collection, storage, and analysis ‘as a service’ to our
Advent Software has released the results of a survey on how investors select hedge funds titled, “Pitch Perfect, How Investors Choose Funds.”
The survey was designed to determine not only what investors look for when making new hedge fund investments, but also the potential stumbling blocks fund managers should take pains to avoid when making their pitch.
The overall findings from Advent’s investor survey determined that, in a competitive market, hedge funds are in need of a compelling, strategic edge to help acquire and retain clients.
Seventy-five per cent of investors surveyed said they wanted to see
Convergence, a provider of data, tools and models to asset managers, investors and service providers, has launched a new website – www.convergencellc.us.
Convergence was formed to work with alternative and traditional asset managers to achieve optimal performance across their infrastructure platform.
The firm’s management team has significant experience implementing highly efficient infrastructure at a number of leading asset managers. Convergence uses proprietary benchmark data, combined with analytical tools and models to identify opportunities to reduce management company and fund expenses, and also has an advisory and solutions practice which can develop, implement and manage flexible service models including
Omgeo and the Depository Trust & Clearing Corporation (DTCC) are to establish a user-governed global repository to store and communicate the “golden copy” of standing settlement instructions (SSIs).
This undertaking is part of an overall effort to standardise and centralise key client reference data functions and place them under user governance.
Omgeo ALERT, a web-based database for the maintenance and communication of SSIs, will serve as the foundation for this service. ALERT will be the industry-wide SSI repository and communication hub, coordinating and distributing SSIs between trade counterparties and supporting settlement across all markets and asset classes globally.
