MJ Hudson, a solutions provider to the asset management industry, has introduced a new custody benchmarking service specifically for clients investing in digital assets. The new service will benchmark the capabilities of major custodians for key themes across digital asset custody provision, including, but not limited to, strategy & commitment, digital asset coverage, fraud prevention, private key management, reporting, governance, legal, regulatory approvals, and custody fees. 2022 has seen a big upheaval in the investment ecosystem with the growth in digital assets. Behind this development are institutional investors increasing their exposure to the new digital asset classes. Consequently, all major

Clients StoneX Group subsidiary StoneX Financial can now access the full suite of physically deliverable environmental futures and options contracts via the Nodal Exchange, enabling them to implement and sustain environmentally conscious business practices, effectively manage risk, and maintain regulatory compliance.  These contracts span markets that include sustainable energy, carbon emissions, renewable fuels, and pollutants such as sulphur dioxide and nitrogen oxide. StoneX offers physically deliverable contracts across the spectrum of commodity types and is actively seeking new venues to cooperate with, thus allowing greater access to the products in demand. As the world increasingly focuses on corporate sustainability and

Clients of Horizon Software, a global provider of market making, agency and algo trading technology, have gone live with the company’s Horizon H3 trading platform in Europe, Asia Pacific and the Middle East. 

Acuiti has launched the Systematic Hedge Fund Expert Network, the latest in its series of derivatives-focused networks of senior market executives. Acuiti Expert Networks provide a virtual forum through which senior executives in a given market can gauge sentiment and benchmark approaches to common challenges.  Members of the network have access to a portal through which they can pose questions to other members of the network in a quarterly survey. Each quarter, members of the network receive a report analysing the responses to the survey.  The first quarterly report for the Systematic Hedge Fund Expert Network, produced in association with

Cigrek Capital has launched a fully-regulated, EU-based solution for managers of digital assets strategies seeking distribution to institutional investors. Cigrek’s solution has been designed specifically for managers of established digital funds who are seeking alternative distribution venues. The new umbrella is based on a fully regulated AIF limited partnership structure and has 10 cells immediately available for use by fund managers. The structure has not previously been available for digital assets managers. Fund managers will become advisers to the cells, which sit under the fully regulated umbrella. The service also includes an EU depositary. It addresses the need institutional investors have

GSR Capital has appointed global financial services provider Apex Group Ltd to provide fund administration services. GSR Capital is the investment management arm of the GSR group of companies, a global leader in digital asset trading, which has been operating since 2013.   Founded in 2021, GSR Capital leverages GSR’s broader expertise in digital assets, execution and liquidity to research and build investment products for institutions, family offices and other professional clients.    Apex Group’s single-source solution encompasses a wide range of services under one roof, enabling clients to create efficiencies, reduce costs and improve controls by outsourcing the back-, middle-

Acadia, an industry provider for integrated risk management services for the derivatives community, has launched the seventh release of the Open Source Risk Engine (ORE), a peer-reviewed, free-to-access framework for pricing and risk analysis. ORE is an Open Source Software project, designed for contemporary pricing and risk analytics of traded financial products. Since its release in 2016, ORE has formed the foundation of Acadia’s risk services including the award-winning risk sensitivity calculator, Initial Margin Risk Generator (IMRG).   This seventh release is the beginning of a financial instrument rollout that will follow in quarterly steps, across all risk classes covered

Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has completed its SOC 2 Type II audit, performed by KirkpatrickPrice. 

Cboe Global Markets, a provider of global market infrastructure and tradable products, has expanded its S&P 500 Index (SPX) options suite with additional expirations for SPX Weeklys Tuesday and Thursday options, beginning 19 September and 28 September, respectively. Total volume in SPX Tuesday and Thursday options have surpassed 44 million contracts since their launch in second-quarter 2022, reflecting strong customer interest and trading activity. The additional expirations for SPX Tuesday and Thursday options will align with the number of expirations currently available for SPX Monday and Wednesday options, and meet growing customer demand for Cboe’s SPX offerings.    In addition,

CME Group’s foreign exchange futures and options reached a new single-day volume record of three million contracts on 14 September, 2022.  This was the first time CME Group FX futures and options traded more than three million contracts in a single day and was 7% higher than the previous record of 2.8 million contracts set on 3 December, 2020. Open interest (OI) for CME Group FX futures and options also reached a record high of 3.3 million contracts on 8 September, 2022, up 17% year-on-year and reflecting a notional value of around $295 billion.