PitchBook, a data provider for the private and public equity markets, has expanded its data coverage and enhanced search functionality of nearly 20,000 hedge funds and liquid alternatives to help investors and fund managers unlock new alternative investment opportunities and conduct benchmark analysis. Hedge fund assets have grown significantly over the past decade and are on track to continue this trend as low interest rates and high returns in the equity markets have increasingly encouraged Limited Partners (LPs) to look at hedge funds as an investment option. Despite the market growth, hedge fund data can be difficult to find and

More than seven out of ten (71%) executives working for buy-side financial services firms across the UK, US and Asia say their organisation uses more than five ESG data sources. The average number of sources used by these businesses is 9.3, with the US using the most (9.7) and Asia with the least at 8.9. These findings are among the highlights of new research commissioned by Alveo, a provider of cloud-based market data management services, polling executives working for buy-side financial services firms in the UK, US and Asia. In terms of ESG data set types, organisations across all three

Diligend, a cloud-based due diligence software provider for asset allocators and managers has partnered with Suite2Go, a specialist consultancy headquartered in Australia that connects FinTechs with financial services organisations.

Bitpanda Custody has joined the Bosonic Network to meet the growing demand from institutional clients for a UK-based digital asset custodian. Bitpanda Custody (formerly known as Trustology) will also join the ‘Bosonic Cross Custodian Net Settlement (CCNS) Working Group’ as Bosonic prepares to launch the service later this year. This will be an industry first, and set a new standard for payment versus payment (PvP) atomic swap settlement and netting across an institutionally aligned and global network of independent custodians, eliminating counterparty credit and settlement risk between these institutional players.

Substantive Research, a research discovery and research spend analytics provider for the buy-side, has published headline conclusions on the current state of the Market Data pricing market, based on insights generated by its new Market Data Spend Analytics service. Substantive Research has found that pricing is not consistent and there is large variance in pricing and little or no correlation to the size of the firm consuming the market data. Even accounting for specific “apples- to- apples” use cases, the range of inconsistencies applied to pricing post-negotiation is between 10% and 50%. Buy-side budgets vary from 0.55bps to 1.27bps of

The Depository Trust & Clearing Corporation’s (DTCC) Report Hub service community now comprises more than 70 firms, including leading banks, major swap dealers, and some of the largest custodians, clearing houses and buy-side firms across the globe. The increased adoption of Report Hub comes as the industry prepares for forthcoming regulatory changes in global derivatives trade reporting.   DTCC Report Hub is designed to assist firms with managing their pre and post reporting needs across 14 jurisdictions, covering global derivatives, SFTR and MiFID II.    When DTCC Report Hub and DTCC’s Global Trade Repository (GTR) services are used together, clients can

KuCoin, a global cryptocurrency trading platform, is to offer EUR trading against BTC, ETH and USDT as part of its expansion on the European market. New trading pairs will become available on the KuCoin spot market starting 28 June, enabling crypto users to make instant conversions between Euros and cryptocurrencies. By supporting these EUR-fiat trading pairs, KuCoin strengthens its presence across the European crypto market. The addition of EUR-fiat trading pairs will also provide a better fiat-to-crypto trading experience with high liquidity and security for global crypto users. On 23 March, KuCoin launched SEPA Payments to provide the most straightforward

NinjaTrader Group, a global specialist in clearing, brokerage and technology solutions for active traders through its subsidiaries NinjaTrader and Tradovate, is among the first to offer the new Nano Bitcoin futures (BIT) contract just launched by Coinbase Derivatives Exchange. The cryptocurrency futures contract can be traded via NinjaTrader or Tradovate without any commissions or market data fees. Each Nano Bitcoin futures contract is sized at 1/100 the price of a bitcoin, representing the smallest size cryptocurrency futures contract available today. The contract enables traders to go long or short bitcoin, providing an opportunity to take advantage of the markets going

Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, is settling its options trading market in one of the world’s most trusted  stablecoins: USDC. Unlike bitcoin-settled contracts, Bybit’s use of USDC allows for stable prices for the duration of each contract.   Users of Bybit’s European-style, USDC-settled options will also benefit from the newly-launched unified margin account, which offers a completely new derivatives trading structure. Users can use all assets under their account as collateral to trade USDC options contracts as well as perpetuals.   Bybit’s portfolio margin account supports USDT, USDC, BTC and ETH as

Matrixport, one of the world’s largest digital assets financial services ecosystems, has launched warm and cold custody services for non-fungible tokens (NFTs) via its third-party institutional custody service, Cactus Custody. This latest NFT asset management offering provides institutions the ability to safely store and manage their NFT and crypto assets in one place. NFTs have become increasingly popular, taking on a variety of formats including art, trading cards, comics and games. NFT marketplaces have expanded from just a handful to hundreds of marketplaces across multiple blockchains, with the global value of NFTs sold growing 500x reaching $20 billion in 2021.