Saturday, 30 August 2014
Last updated 1 day ago
Sep 25 2013 | 7:57am ET
After a year of development, Nassau-based secondary market provider Hedgebay has launched an electronic settlement service for transactions.
The service, which the firm says is the first of its kind, will be available on Hedgebay’s website and is expected to initially reduce overall trading time of secondary market transactions by up to 20% and eventually by as much as 40% or 50%. Currently, secondary market participants rely on a manual trading and settlement process and transactions typically take at least 90 days to close.
Hedgebay believes the spin-off benefits to shortened trading times will include reduced deal-break risk, reduced operational costs, increased back-office efficiency and, ultimately, a greater number of participants in the secondary market and improved secondary pricing and liquidity.
Said Jared Herman, Hedgebay founder, in a statement:
“The ultimate endgame of this progression is being able to complete secondary trades in a single day. That is what Hedgebay is working towards. That point may be a while away, but the launch of the Electronic Settlement Service is a massive step in that direction. This is a glimpse into the future of the secondary trading industry.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...