Market liquidity

Oxane signs three global investment banks for its illiquid credit portfolio management solution

Monday, January 18, 2021 - 4:00pm

NEW YORKand LONDON, Jan. 18, 2021 /PRNewswire/ -- Oxane Partners, a leading technology-driven solutions provider to private markets, announced signing three bulge bracket investment banks across the US and Europe for its illiquid credit portfolio management solution - Oxane Panorama.

Key Points: 
  • NEW YORKand LONDON, Jan. 18, 2021 /PRNewswire/ -- Oxane Partners, a leading technology-driven solutions provider to private markets, announced signing three bulge bracket investment banks across the US and Europe for its illiquid credit portfolio management solution - Oxane Panorama.
  • The incumbent manual and outdated processes for data management, risk monitoring, and reporting at banks are not only time-intensive but hamper portfolio visibility and risk controls.
  • With Oxane Panorama, banks can now manage their broad spectrum of illiquid credit investments in a unified ecosystem and improve risk control, portfolio surveillance, and reporting processes.
  • "Seeing Oxane Panorama resonate so well with global investment banks in a short span of time goes to show that banks are eager for a unified solution that can support multiple asset types.

Oxane signs three global investment banks for its illiquid credit portfolio management solution

Monday, January 18, 2021 - 4:00pm

NEW YORKand LONDON, Jan. 18, 2021 /PRNewswire/ -- Oxane Partners, a leading technology-driven solutions provider to private markets, announced signing three bulge bracket investment banks across the US and Europe for its illiquid credit portfolio management solution - Oxane Panorama.

Key Points: 
  • NEW YORKand LONDON, Jan. 18, 2021 /PRNewswire/ -- Oxane Partners, a leading technology-driven solutions provider to private markets, announced signing three bulge bracket investment banks across the US and Europe for its illiquid credit portfolio management solution - Oxane Panorama.
  • The incumbent manual and outdated processes for data management, risk monitoring, and reporting at banks are not only time-intensive but hamper portfolio visibility and risk controls.
  • With Oxane Panorama, banks can now manage their broad spectrum of illiquid credit investments in a unified ecosystem and improve risk control, portfolio surveillance, and reporting processes.
  • "Seeing Oxane Panorama resonate so well with global investment banks in a short span of time goes to show that banks are eager for a unified solution that can support multiple asset types.

ALD: Update on liquidity contract

Thursday, January 14, 2021 - 12:19am

Number of executions on buy side on semester: 1,077

Key Points: 
  • Number of executions on buy side on semester: 1,077
    Number of executions on sell side on semester: 720
    Traded volume on buy side on semester: 231,314 shares for 2,563,587.80
    Traded volume on sell side on semester: 162,325 shares for 1,787,099.53
    * the following resources appeared on the liquidity account when the activity started:
    The liquidity agreement complies with AMF Decision n 2018-01 dated 2nd July 2018, introducing liquidity agreements on equity securities as permitted market practice.
  • As of January 13th, 2021, ALD has terminated the liquidity contract entrusted to Kepler Cheuvreux.
  • As of the termination date, the following resources appeared on the liquidity account:
    From January 14th, 2021, and for a period of one year, renewable by tacit agreement, ALD has entrusted Exane BNP Paribas with the implementation of a liquidity contract covering ALD shares (ISIN code FR0013258662) admitted to trading on Euronext Paris, that complies with the code of ethics issued by AMAFI on March 8, 2011 and approved by Autorit des Marchs Financiers on March 21 of the same year.
  • The following resources have been credited to the liquidity account to fund these market-making transactions:
    In this context, the resources allocated to the liquidity contract have been increased by 500,000.

Mount Logan Capital Inc. Provides Update on Investment Portfolio and Leverage Facility

Tuesday, January 12, 2021 - 12:15am

TORONTO, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan or the Company) is pleased to announce that it has divested a substantial portion of its loan portfolio above its most recently disclosed aggregate fair market value.

Key Points: 
  • TORONTO, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan or the Company) is pleased to announce that it has divested a substantial portion of its loan portfolio above its most recently disclosed aggregate fair market value.
  • Ted Goldthorpe, CEO and Chairman of Mount Logan, noted, Our leverage facility and lending partner were critical in enhancing our portfolio yields during the first phase of Mount Logans business plan; however, the divestment of a number of illiquid loans and wind down of our Leverage Facility accelerates Mount Logans transition to an asset light business model with less leverage.
  • Furthermore, the sale of these illiquid First Lien Term Loans near par illustrates the strength of our investment portfolio and the quality of Mount Logans net asset value.
  • About Mount Logan Capital Inc.
    Mount Logan Capital Inc. is an alternative asset management company that is focused on public and private debt securities in the North American market.

Tradefeedr completes successful fund-raising round, with backing from IPGL

Monday, December 21, 2020 - 7:00am

Tradefeedr allows clients to query and analyse their FX trading data from participating liquidity providers and ECNs via a standardised API, enabling them to improve the quality of their trade execution.

Key Points: 
  • Tradefeedr allows clients to query and analyse their FX trading data from participating liquidity providers and ECNs via a standardised API, enabling them to improve the quality of their trade execution.
  • IPGL is a leading fintech investor with a focus on new applications for the wholesale market.
  • There is a huge demand for greater transparency in financial markets and Tradefeedr can help meet that demand."
  • Seth Johnson said: "I am delighted to become chairman of Tradefeedr and have the opportunity to back the business.

Tradefeedr completes successful fund-raising round, with backing from IPGL

Monday, December 21, 2020 - 7:00am

Tradefeedr allows clients to query and analyse their FX trading data from participating liquidity providers and ECNs via a standardised API, enabling them to improve the quality of their trade execution.

Key Points: 
  • Tradefeedr allows clients to query and analyse their FX trading data from participating liquidity providers and ECNs via a standardised API, enabling them to improve the quality of their trade execution.
  • IPGL is a leading fintech investor with a focus on new applications for the wholesale market.
  • There is a huge demand for greater transparency in financial markets and Tradefeedr can help meet that demand."
  • Seth Johnson said: "I am delighted to become chairman of Tradefeedr and have the opportunity to back the business.

Citi Statement Regarding the Federal Reserve Board’s Second Round of Bank Stress Tests

Friday, December 18, 2020 - 11:07pm

Today, the Federal Reserve Board released certain disclosures related to the second round of bank stress tests, and indicated that it is extending, through March 31, 2021, the time period for notifying Citigroup whether the Board will recalculate Citigroups Stress Capital Buffer requirement.

Key Points: 
  • Today, the Federal Reserve Board released certain disclosures related to the second round of bank stress tests, and indicated that it is extending, through March 31, 2021, the time period for notifying Citigroup whether the Board will recalculate Citigroups Stress Capital Buffer requirement.
  • Michael Corbat, Citi CEO, said, The latest CCAR results further demonstrate Citis resiliency even in times of uncertainty.
  • Throughout this crisis, we have continuously supported our customers, clients and communities while maintaining strong capital and liquidity positions.
  • Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.

Team, Inc. Announces Refinancing Of New Capital Structure

Friday, December 18, 2020 - 3:02pm

The Convertible Notes repurchases are expected to close on December 22, 2020, subject to customary closing conditions.

Key Points: 
  • The Convertible Notes repurchases are expected to close on December 22, 2020, subject to customary closing conditions.
  • "These transactions represent a significant step towards optimizing our capital structure," said Amerino Gatti, TEAM's Chairman and Chief Executive Officer.
  • "The successful execution of our debt refinancing provides considerable financial flexibility and extends the company's debt maturity profile.
  • Our new capital structure gives us sufficient liquidity to support our working capital needs, execute on our growth priorities, and create long-term shareholder value.

Prairie Provident Announces Renewal of its Credit Facilities, Additional Liquidity and Warrant Arrangements

Friday, December 18, 2020 - 12:23pm

Overall, the agreements will extend the term of the Companys debt instruments, provide additional liquidity, and reduce annual cash interest expenses.

Key Points: 
  • Overall, the agreements will extend the term of the Companys debt instruments, provide additional liquidity, and reduce annual cash interest expenses.
  • Financial covenant ratios will be relaxed and reset to thresholds that reflect current circumstances and provide Prairie Provident with comfort on its compliance expectations over future periods.
  • The renewal of our credit facilities and additional financing position the Company to proceed with those developments.
  • Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta.

The Beneficient Company Group Expands Leadership Team

Thursday, December 17, 2020 - 2:00pm

DALLAS, Dec. 17, 2020 (GLOBE NEWSWIRE) -- The Beneficient Company Group, L.P. (Ben), a leading company serving the growing market of investors seeking liquidity from alternative assets, announced today that Maureen Downey and Casey Brunner have joined the company as Managing Directors.

Key Points: 
  • DALLAS, Dec. 17, 2020 (GLOBE NEWSWIRE) -- The Beneficient Company Group, L.P. (Ben), a leading company serving the growing market of investors seeking liquidity from alternative assets, announced today that Maureen Downey and Casey Brunner have joined the company as Managing Directors.
  • During his career, he has also held senior leadership positions at Invesco Ltd, Hatteras Funds, LP, and The Rock Creek Group.
  • About The Beneficient Company Group, L.P.
  • The Beneficient Company Group, L.P. (Ben) provides a unique suite of financial solutions that offer simple, rapid, and cost-effective liquidity solutions for owners of alternative assets.