Day: March 28, 2018

Built to Become Big

Galen Stops takes a look at how and why Aston Capital Management is planning to scale up following its recent $100m investment. 

Aston Capital Management recently received an injection of $100 million in AUM and an additional $5 million in seed operating capital from private investors.  Following this investment, the firm’s CEO Isaac Lieberman is, perhaps unsurprisingly, bullish about its future.

“We have a goal through our strategic mandate and product development timeline to have capacity to be managing $2 billion in AUM within two years and I can actually see us achieving this goal quickly as this business accelerates,” he says.

To help achieve this goal, Lieberman has deliberately been structuring the firm so that it can easily scale up in the future. For starters, the firm has been getting a whole slew of regulatory and accountancy registrations in place.

CLS Posts Record Volumes in February

February was the largest month ever for trading activity processed by CLS with the service handling $1.949 trillion per day, up 8% month-on-month and up a fraction over 30% year-on-year. Just over $1.3 trillion was in FX swaps, $542 billion in spot and $100 billion in forwards. The greatest year-on-year growth came in FX swaps, up 33.6% from February 2017, followed by spot at +26.9% and forwards at +8.7%. The data reflects that from trading venues earlier this month, all of whom reported significant year-on-year gains.