Solutions
Agio Technology, a provider of managed IT services for the hedge fund industry, has launched Agio ESP, a fully-automated enterprise service platform designed to allow Agio engineers to focus on a client.s most critical issues.
Agio believes ESP represents a major breakthrough, not only for the firm, but also for its hedge fund clients, providing them with levels of insight and transparency into the overall service processes never before possible.
The key to the enhanced insight and transparency is the Agio ESP Dashboard, providing clients and Agio engineers with a real-time-view of service processes. With ESP, Agio clients have an
Orc, a provider of technology and services for the financial industry, has launched Orc Flow Control, a new solution for managing and monitoring pre-trade risk.
Orc Flow Control is designed to help brokers enhance their DMA offerings; and for banks and trading firms to manage their internal flows.
Based on a single user interface, Orc Flow Control provides flexible, real time monitoring of limits and trading activities for multiple participants across multiple markets. Compared to current single market gateway controls, Orc Flow Control offers a multi-market view, greater ease of use, superior functionality and is fully compliant with the ESMA
BrokerTec, ICAP’s global electronic fixed income trading platform, and MTS, a fixed income electronic trading venue that is majority-owned by London Stock Exchange Group, have launched the RepoFunds Rate daily repo index for eurozone sovereign bonds.
RepoFunds Rate, the first index to reflect the effective cost of secured funding in key Eurozone countries, was developed in consultation with the repo community and dealers from major financial institutions and will initially cover Germany, France and Italy.
RepoFunds Rate is based on centrally cleared, electronically executed one business day repo transactions rather than indicative quotes. These are based on a common
BNY Mellon has been appointed to provide tri-party collateral management services for CME Clearing Europe, the European multi asset class clearing house.
Services will be provided through MarginEdge, BNY Mellon’s derivatives margin management service for listed, OTC and bi-lateral OTC derivatives.
MarginEdge provides clients, clearing members and central counterparties (CCPs) with real-time views on location and positions in respect of margins and collateral.
Following CME Clearing Europe receiving regulatory approval of the new tri-party agreement for clearing members’ business, those members will be able to manage collateral through BNY Mellon.
James Malgieri (pictured), executive vice-president, global collateral services at BNY
Linedata has released a new version of Icon, its fund accounting and administration platform.
This latest version delivers more efficient business processing and workflows, including pro-active exception handling and extended instrument coverage.
Linedata Icon manages, either on a hosted or deployed basis, all the processes that need to take place to produce a true net asset value and accurate unit prices.
This release of Linedata Icon includes enhanced facilities for handling money market funds. In response to market shifts towards more complex and diverse fund structures, it also includes greater, readily configurable, collective pricing functionality.
Paul Westgate,
LCH.Clearnet Group will extend its clearing business for OTC interest rate instruments to Australian banks.
LCH.Clearnet will apply for an Australian clearing and settlement facility licence that would enable it to offer its SwapClear OTC interest rate swap clearing to Australian banks, allowing them to join the existing services used by 70 international bank members.
Four of Australia’s five domestic banks have submitted letters of intent to use LCH.Clearnet’s SwapClear to clear interest rate swaps.
LCH.Clearnet’s SwapClear service currently clears AUD3.9trn in Australian dollar denominated swaps, and the international members of the service have expressed strong support for SwapClear’s expansion
CAIS, the financial-technology solutions provider, has launched the CAIS Exchange, the first online alternative investment marketplace designed for the wealth management industry.
The CAIS Exchange (CAIS-X) offers access to a broad menu of top-tier funds and products, independent due diligence reports provided by Mercer, portfolio construction and analytics tools and an electronic subscription and redemption process for streamlined trade execution.
CAIS-X is the first complete solution to offer access, oversight and execution in a single venue, empowering wealth management professionals with institutional quality products coupled with time-saving operational efficiency.
The funds and products that list on CAIS-X represent a broad
The Depository Trust & Clearing Corporation (DTCC) is planning to strengthen intraday settlement finality in the US financial markets by proposing the implementation of major structural changes in the settlement of equities, corporate debt and municipal debt securities over the next five years.
In a white paper to the industry titled “A Roadmap for Promoting Intraday Settlement Finality in the US Markets,” DTCC, through its depository, The Depository Trust Company (DTC), says it will make major, multi-year enhancements that “represent DTC’s vision for the future of settlement finality and risk reduction” in the financial services industry.
While “DTC continuously monitors
Hedge funds posted gains in November as equities traded in a wide intra-month range following the US Presidential election and as global financial markets focused on the US fiscal cliff.
The HFRI Fund Weighted Composite Index gained 0.35 per cent for the month, posting its fifth gain in the last six months, according to data released by HFR.
Relative value arbitrage (RVA) and event driven (ED) strategies were top contributors in November, with both the HFRI Relative Value Arbitrage Index and HFRI Event Driven Index gaining 0.7 per cent. RVA strategies remain the top area of hedge fund strategy performance
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.33 per cent in November as six of the seven index component strategies reported positive results for the month.
Emerging markets (1.29 per cent) was the best perfumer while convertible arbitrage (-0.07 per cent) was the worst and the only component strategy in negative territory for the month.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.
