Solutions
Hidden Road, a new prime broker focused on digital assets and foreign exchange has secured the backing of some of the world’s biggest trading houses and cryptocurrency firms, according to a report by Bloomberg.
Hidden Road, which was founded in 2018 by Marc Asch – formerly with Steven Cohen’s hedge fund SAC Capital and Point72 Asset Management – closed a $50 million funding round last month with support from Ken Griffin’s Citadel Securities as well as the investment arms of cryptocurrency exchanges FTX Trading Ltd and Coinbase Global Inc. The report cites Hidden Road executives as saying that hedge funds
Fairlight Asset Management, an Australia–based global equity manager, has selected SS&C Technologies’ Eze Eclipse as its front-to-back investment management platform. The emerging asset manager is the latest firm to join over 50 asset managers of all sizes leveraging Eze Eclipse in APAC.
Eze Eclipse features 60 pre-built compliance rule templates and allows firms to build custom rules to accommodate unique restrictions. The system is also helping Fairlight reconcile its full investment book of record daily.
Since its launch in the APAC market in 2019, Eze Eclipse has become a top choice for investment technology for emerging hedge funds and institutional
Nordic crypto asset service provider Coinmotion has partnered with Helsinki-based cloud portfolio management platform provider FA Solutions to expand its reporting and monitoring capabilities to better cater to institutional investors and corporations.
FA Solutions has provided a solution for Coinmotion to develop and maintain its crypto asset reporting and monitoring, enabling the company to perform the daily industry-standard actions and reporting to its institutional clients. FA Solutions’ FA Platform provides an easy-to-use, automated platform for calculating net asset values (NAVs), maintaining a master crypto asset registry, performing fee calculations, and enabling all the other operations required within professional, institutional reporting.
The Depository Trust & Clearing Corporation’s (DTCC) Project Ion platform, which is being developed as an alternative settlement platform leveraging distributed ledger technology (DLT), has gone live in a parallel production environment.
The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day, and almost 160,000 transactions on peak days, with DTCC subsidiary, The Depository Trust Company’s (DTC’s), classic settlement systems remaining the authoritative record.
DTCC’s private, permissioned DLT platform was developed in collaboration with many of the world’s leading market participant and technology provider firms, including Apex Clearing Corp, Barclays, BNY
Appital, the equity capital markets technology solution, and Turquoise, the pan-European MTF, majority owned by London Stock Exchange Group, have launched Appital Turquoise BookBuilder, The world’s first algorithmic bookbuilding platform enables buy side to participate in liquidity discovery, price formation and execution opportunities in multiple days’ volume in listed equities.
This is the first buyside to buyside bookbuilding platform to give institutional investors the opportunity to proactively source liquidity. By bringing a historically highly manual and opaque process into an automated, electronic platform, they gain control over the entire bookbuilding process. Buyside firms benefit from liquidity discovery and price formation
Options Technology, a provider of cloud-enabled managed services to the global capital markets, has secured it eighth Microsoft Gold Partner Status competency in Data Platform.
Gold Partner Status is awarded to only the top 1% of Microsoft partners and is a recognised mark of the highest technology and business performance standards worldwide.
Microsoft’s Data Platform competency demonstrates Options’ ability to ensure customer database systems operate efficiently with data secured from unauthorised access and categorised so that it can be translated into business insights.
This accolade is the latest addition to Options’ global cloud-agnostic platform. It follows the company’s receipt of
CME Group is to launch options on ether futures on 12 September, pending regulatory review. These new contracts deliver one ether futures, sized at 50 ether per contract, and based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the US dollar price of Ether.
Baton Systems (Baton), a global fintech specialising in post-trade processing using distributed ledger technology (DLT), is now providing connectivity to the Options Clearing Corporation (OCC) through the Baton Core-Collateral ecosystem.
By expanding connectivity, clearing firms will be able to automate collateral management across 11 major CCPs globally, together comprising more than 93% of margin, placed by US registered FCMs.
Baton’s Core-Collateral solution enables Clearing Members to automate and optimise their collateral management processes by providing intraday visibility of current margin obligations and collateral holdings at the CCPs that prove to be of greatest strategic importance for their firm. Helping
Venn, Two Sigma’s portfolio analytics platform, is partnering with Coinbase Institutional to help educate institutional investors on the digital asset space.
Wall Street Horizon, a provider of corporate event data, has launched the LERI (Late Earnings Report Index), aimed at traders and investors. The index allows investors to factor in the market intelligence derived from US companies releasing earnings later than their historical average, which typically signals negative news on the horizon.
The timing of a firm’s earnings release is one indicator of its financial health, according to findings from recent independent academic research. The LERI tracks how many off-trend earnings date confirmations are later or earlier than their historical norm. A reading over 100 demonstrates more companies are delaying reports
