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

Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets has launched new optimised routes on its network to Istanbul (Bursa Istanbul), Riyadh (Saudi Stock Exchange, Tadawul) and Tel Aviv (Tel Aviv Stock Exchange, TASE).  These new routes will encourage global traders to accelerate their presence in the region for continuous hedging and repositioning. The new connectivity portfolio includes three flagship routes: London-Riyadh with less than 80ms, round-trip delay; New York-Tel Aviv with less than 117ms, round-trip delay; and Frankfurt-Istanbul with less than 32ms, round-trip delay. Commodities and energy asset classes have been strong performers

Options Technology, a capital markets services provider, has successfully upgraded its London (LD4) to Tokyo (TY3) circuit. The upgrade has secured a significant reduction in latency along its path, from 148ms RTT (round trip time) to a best-in-class 141ms. Clients across Options’ global FX trading network immediately benefit from this reduction, directly and through Options’ overall empowerment of the FX ecosystem. Options facilitates access to hundreds of exchanges and markets around the world, offering highly resilient and performant global connectivity services. Today’s news comes as the latest in a series of strategic announcements for Options, including its additional VMware Cloud Verified

Coincover, a specialist in digital asset protection technology, has launched what it says is the world’s first staking protection technology.   Staking, which allows investors to put their crypto to work and earn a yield, has opened up new opportunities for the crypto market and is catching the attention of a growing number of institutional investors. However, the relatively new investment strategy comes with potential risks.   In certain cases, the network can penalise investors, eliminating a portion of their staked currency. This means that staking organisations – and the investors that use them – are open to significant financial

Parameta Solutions, the data & analytics division of TP ICAP Group and a global provider of OTC market data, and data analytics and management company PeerNova have launched ClearConsensus, a transparent high-fidelity consensus network for independent price valuation (IPV).  The service improves both business resilience and regulatory response by addressing the evolving risk environments for price valuation and control groups at banks globally.    ClearConsensus combines Parameta Solutions’ Evaluated Price (EvP) with PeerNova’s Cuneiform modern technology platform. ClearConsensus is directly introducing observable transactions data via the EvP, significantly improving the fair value waterfall process. The solution provides visibility and transparency,

Apex Group, a global financial services provider, has expanded its Global Compliance Solutions offering designed for the Singapore market, which is led by newly appointed Stefan Ho, head of compliance solutions, Singapore. Apex Group’s expanded Global Compliance Solutions team provides clients with tech-enabled compliance and AML solutions to meet their operational and regulatory obligations across international financial hubs. This single-source solution delivers efficiency, simplifies compliance and enables business opportunities from regulatory licensing support through to ongoing compliance advisory for existing and future regulatory requirements.   The launch of Compliance Solutions in the Singapore market will help to address clients’ risks

JTC has launched a fund administration offering in Ireland to complement existing Alternative Investment Fund Manager (AIFM), depositary and corporate services.

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has released a full suite of Thai Overnight Repurchase Rate (THOR) analytical data enabling customers to better view the changing Thai Baht market.

CME Group is to launch European Overnight Index futures based on RepoFunds Rate (RFR) benchmarks and the Euro Short-Term Rate (€STR) in Q4 2022, pending regulatory review. RFR futures will be cash-settled contracts based on RFR benchmarks, a robust measure of overnight funding costs. The benchmarks are derived from centrally cleared repo trades executed on BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets owned by CME Group, and MTS, a leading European electronic fixed income trading platform, part of the Euronext group. RFR benchmarks are administered by CME Group Benchmark Administration Limited (CBA).