Apex wins full-service mandate from frontier markets fund manager Frontera Capital Group
Frontera will utilise Apex’s single-source solution with a unified point of contact across all aspects and operational demands of the fund.
Frontera will utilise Apex’s single-source solution with a unified point of contact across all aspects and operational demands of the fund.
The unprecedented wave of market updates network managers had to deliver to clients have sparked demands for markets to adopt permanent digitalisation efforts.
The new link is part of Clearstream’s wider strategy to link emerging and frontier markets to its international central securities depository (ICSD) structure.
The project aims to analyse current post-trade mechanisms in EMDCs and come up with a set of best practices for local market regulators.
Digitisation of assets could enable fund managers to access hard-to-reach markets, as the continue to combat the drain on traditional active management.
Clearing houses are often seen as best practice for frontier and emerging markets to attract inbound capital, however some African markets are not convinced.
HSBC Securities Services has emerged as one of the most-used sub-custodians for Asian and Middle East frontier markets.
State Street makes another move into front office trading technology with acquisition of FX TCA provider BestX.