Ex-Millennium Partners CTA Spinoff Taps Liquid
The new CTA will use Liquid's platform to manage the firm's investment workflow, including automating the allocation of positions to separately managed accounts (SMAs) in a compliant manner; stress testing the portfolio for changes in interest rates; and monitoring risks at both the portfolio and commodity level in real-time. The Mada Group will also rely on Liquid to satisfy investor reporting requirements, serve as the firm’s data custodian, and facilitate multi-broker reconciliations on a daily basis.
As part of Mada Group’s workflow, Liquid will also work closely with the firm’s existing execution management system (EMS) to ensure straight-through processing of all trading activity into the platform.
"The team we put together collectively has more than 30 years of quantitative trading experience and has run highly successful investment teams at well-known firms including Millennium Partners," says Adam Hoffman, founder of The Mada Group. "With the launch of this business, I recognized the need for institutional infrastructure and outsourced operations which allow my team to focus squarely on delivering out-sized risk-adjusted returns to our investors. Selecting Liquid assures that we will quickly be live on a scalable platform that delivers the breadth of real-time front-office capabilities we require today and will require as we continue to grow into a larger, more mature business. In addition, the operations team at Liquid will manage our middle office, ensuring our portfolios are accurately priced for the start of each trading day."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
This Week: Clear Street, AXA/AWS, TD Bank/Google Cloud and more
A summary of the latest financial technology news.
LSEG to sunset Redi EMS in favor of Tora
Sources say competitors will look to seize on the decision to win over Redi’s sizeable US client base.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs