Solutions
Horizon Cash Management is surveying commodity trading advisers (CTAs) and commodity pool operators (CPOs) to document the impact of the MF Global and Peregrine Financial Group (PFG) liquidations on the managed futures industry and its investors.
The survey went out on 31 October, marking the one-year anniversary of the MF Global meltdown.
Diane Mix Birnberg, Horizon founder and chairman, says: “I have witnessed ten bankruptcies of futures commission merchants (FCMs) in my 30-year career. Nothing, however, came close to the magnitude of the implosion created by MF Global and the additional damage caused by the PFG meltdown, a mere
Orc clients can now use high speed FPGA data feeds from NovaSparks.
Orc conducted extensive research to determine the benefits of FPGA technology and found compelling performance results.
Customers that take advantage of this alliance will experience more predictable speed for market data and overall improved trading performance.
Additionally, since market data is processed on the FPGA appliance, the server CPU is able to offer more processing power to Orc Liquidator, resulting in additional benefits.
“One of the ironies of tight markets and smaller IT budgets is that solutions are actually getting better because providers like Orc and NovaSparks hone
Satuit Technologies, a provider of client management software for professional investment and wealth management firms, has released a new version of SatuitCRM Platform, adding client report management and secure distribution modules to the core functions.
The new platform provides SatuitCRM clients with the ability to create, organise, customise, collate and distribute their monthly, quarterly and annual client reporting packages using the familiar interface of SatuitCRM.
The SatuitCRM packaging module makes short work of creating individually tailored client financial report packages, saving hundreds of hours for each client, by organising documents from a variety of sources, including the large PDF files
MoneyChakra has launched an iPad app that tracks top hedge fund managers’ actions using the Xignite Market Data Cloud.
MoneyChakra uses data services from Xignite to reveal the portfolios and buy/sell actions for top hedge fund managers, including Warren Buffett, Carl Icahn, George Soros, Bill Ackman and other leading money managers.
The first company to offer an iPad app in this category, MoneyChakra differs from other services that post the actions of hedge fund managers by using Xignite’s web services to clearly and simply display real-time data.
MoneyChakra employs dynamic visualisation that can be understood at a glance.
MoneyChakra also
Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, plans to enable additional Numerix solutions for use with Microsoft’s cloud platform, Windows Azure.
Steven R O’Hanlon (pictured), president and chief operating officer of Numerix, says: “Evolving derivatives regulations and unpredictable market conditions have fuelled demand for more frequent, granular and portfolio-wide valuations and risk analytics. In order to process these calculations for thousands of financial instruments in near real-time, access to on-demand, scalable compute power has become a must-have in today’s financial services and insurance firms.”
Numerix currently offers its CrossAsset XL and Portfolio solutions powered by
Asset Match, the UK’s first electronic platform for trading shares in private companies, has acquired Sharemark, the online stock market for smaller listed and non-listed companies, for an undisclosed sum.
Sharemark is designed to provide a low cost, online secondary trading platform.
Sharemark and its multilateral trading facility (MTF) will be rebranded as Asset Match. The new Asset Match MTF will enable more cost effective, liquid and transparent share trading and should be attractive to companies who are not considering a public listing, as well as those companies delisting from the AIM and PLUS markets.
Companies previously admitted
Stenham Asset Management has selected MSCI’s RiskMetrics HedgePlatform to enhance the transparency the firm receives from its underlying hedge fund investments.
RiskMetrics HedgePlatform will allow Stenham to augment its risk management processes through enhanced analysis, monitoring and management of its hedge fund investments based on the position-level holdings of the underlying funds.
Pablo Balan (pictured), head of risk management and quantitative research at Stenham Asset Management, says: “We are continuously strengthening and deepening our investment process to better manage risk in our portfolios and to meet the growing needs of our sophisticated clients. In considering the options available to
Vega-Chi US has launched the only high-yield bond trading platform solely for institutional investors.
The electronic marketplace is initially being supported by over 40 buy-side participants with more than 60 firms in the pipeline to join within the first few months of trading.
The platform is currently focused on high yield and distressed securities only.
The Vega-Chi trading platform offers institutional investors the ability to trade directly with each other in an “exchange-like” electronic setting without the need for intermediation by a broker-dealer and therefore enables the buy-side trading community to achieve better pricing for and control over their trades.
The International Swaps and Derivatives Association (ISDA) is supporting the Clearing Connectivity Standard (CCS), an industry standard that helps improve over-the-counter (OTC) derivatives reporting and communication for asset managers, futures commission merchants (FCMs), central counterparties (CCPs) and custodians.
To further the development of this work, ISDA will work with Sapient Global Markets, which initially developed the standard in collaboration with the largest custodian banks and leading FCMs, to provide programme management, governance and industry oversight.
The CCS, a standardised connectivity format, will simplify integration with data systems and automate reconciliation in order to improve the communication and reporting of
Canadian investment firm Vertex One Asset Management is the latest client to sign up for Linedata’s newly launched Linedata Global Hedge hosted platform.
Linedata’s Canadian client base has grown by 35 per cent since opening its Toronto office in early 2011, as that market looks for tools to meet its portfolio requirements and growing need for strong automation and audit capabilities.
Founded in Vancouver in 1997, Vertex One today runs over USD1bn in assets under management within six funds, comprising both alternative and mutual funds. The Vertex Fund is one of the largest and longest standing alternative funds in
