Citi has signed up Hong Kong based hedge fund Fair Capital to use the bank’s OpenPrimeSM technology in Asia. Implementation is already complete and Fair Capital went live on OpenPrimeSM last month. Fair Capital is a hedge fund client of Citi and works with Citi’s Securities and Fund Services, a unit of Global Transaction Services, and Prime Finance, which provides prime brokerage services across multiple asset classes (equities, fixed income and foreign exchange). Founded by Airy Lau in late 2006, the fund focuses on a long/short equity strategy on Hong Kong and China stocks. Citi says that OpenPrimeSM offers secure, front-to-back office capabilities including trading, portfolio management and accounting. The service helps facilitate multi-strategy, multi-asset class and multi-currency investing. OpenPrimeSM is offered mainly to hedge funds as a value added service. It is offered jointly by Citi’s Prime Finance business and Global Transaction Services businesses which are key business units in Citi’s Markets & Banking.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more