OpenMarkets adopts Bloomberg EMSX for Global Equity Liquidity and Execution Services
OpenMarkets has taken a crucial step to open up its platform to overseas investors after integrating with Bloomberg’s global multi-asset trading platform.
Optimo adds SMSF modelling to platform
Optimo Financial has enhanced its paraplanning software Pathfinder Online to include self-managed super fund modelling capabilities. Pathfinder, an online modelling platform, allows financial advisers to create projections for up to 20 years that cover tax, superannuation and the Age Pension. Optimo Financial chief executive Hugh Bannister said for too long advisers have relied on cumbersome, multi-module programs and third-party paraplanning services. “The self-managed super fund generation is demanding a comprehensive strategy consistent with the evolving super rules,” Bannister said. The new release, which is in beta phase, will meet demand on a 24/7 basis and enable financial advisers and paraplanners to produce comprehensive financial strategies for clients within minutes, he […]
N2N Connect buys a stake in Australian peer-to-peer lender
N2N Connect Bhd has agreed to acquire a 28% stake in an Australian peer-to-peer lending company for AU$2.8mil (RM8.33mil) cash. The company told the stock exchange today that the acquisition of OurMoneyMarket Holdings Pty Ltd is not expected to have any “material effect” on its earnings and net asset for the financial year ending Dec 31, 2018. OurMoneyMarket operates a platform that provides borrowers with a 100% online application process. “OurMoneyMarket intends to redefine the role that marketplace lending plays in Australian financial services with a focus on collaborating with, rather than competing against, traditional lenders,” N2N Connect said. Its advanced investor platform applies securitisation “best practice” methods to provide […]
Initial coin offerings challenge traditional venture capital
Satoshi Nakamoto, whoever he or she is, probably didn’t consider the effect blockchain would have on the innovation ecosystem when they launched the first usable blockchain in 2009. Regardless, amid all the cryptocurrency hype, it’s clear a new pathway for start-ups is emerging. With a growing number of technology projects turning to initial coin offerings (ICOs) for fundraising, it seems the whole “idea-to-market” process has been turned on its head – revolutionising the lean start-up methodology: Decades ago it used to be the case of “build something, get funded, market it”. The lean method tried to lower the founder’s risk by decreasing the costs to market and introducing the idea […]
DigitalX advances crypto market intentions with crypto-asset investment fund and news sources
DigitalX (ASX: DCC) is back trading on the ASX after coming out of a self-imposed trading halt. The reason for short-lived market hibernation was the launch of its newly-founded investment division and “crypto-asset” investment fund, DigitalX Investments, to be led an managed by former Goldman Sachs Associate Director Tim Davies. As an emergent fintech provider DigitalX has made headlines in recent months after netting several high-profile corporate advisory clients linked to the emergent growth of cryptocurrencies and their associated initial coin offerings (ICOs). Its activities and market achievements have seen the company’s value swell to almost A$100 million by market capitalisation, framed within the larger interest in distributed ledger technology […]
Founded by the crowd: the new way to invest in Australian businesses
Equity crowdfunding is a relatively new way for Australians to invest. It’s a smart way to collect donations for a charity cause or raise capital for new products and with recent changes to Australian investment laws, crowdfunding platforms can now be used to raise equity capital for a business startup. This change opens a new funding stream for fledgling creative companies to gain investors and get their idea into the marketplace faster. So what opportunities and pitfalls are there for businesses who are considering equity crowdfunding? Three forms of crowdfunding There are three forms of crowdfunding and first up is, Donation or Charity based Crowdfunding, which has been available to […]
Soros prepares to trade cryptocurrencies as prices plunge
George Soros called cryptocurrencies a bubble in January. Now his $26 billion ($33 billion) family office is planning to trade digital assets. Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment. Soros, speaking at the World Economic Forum in Davos, said digital coins cannot function as actual currencies because of their volatility. But he didn’t predict the hard tumble that some observers had forecast at the time. “As long as you have dictatorships on the […]
Private Equity and Venture Capital technology investments key for investors
Chief Executive Officer of Crestone Wealth Management Michael Chisholm says investor access to the quickly growing technology sector is an important investment and social consideration in the current market cycle. Mr Chisholm said access to private equity or venture capital funds, which are uncorrelated to traditional asset classes, can help cushion portolios against any equity market downturn. Crestone recently invited a group of Australia’s leading venture capital (VC) investors to provide their views on technology. The panel included Paul Bassat, Co-Founder and Partner from Square Peg Capital, Daniel Petre, Co-Founder and Partner from AirTree Ventures, Niki Scevak, Managing Director and Founder from Blackbird Ventures, Emma Weston, Co-Founder and CEO from […]
