Outdated trading systems and clunky manual processes are hampering hedge funds’ efforts to swiftly execute trade orders to the market, resulting in an annual hit of some USD8 million – which could worsen in the event of renewed volatility later in the year.
Technology & software solutions
Phoenix American, a transfer agent and fund administration provider for alternative investments, and Alternative Investment Exchange (AIX), a digital platform built to improve processes for investing in alternatives, have partnered to provide straight-through processing for alternative investments.
New GoldenSource Quant Workbench solution gives quant developers and research analysts access to validated data sources
GoldenSource has launched a new Quant Workbench tool that allows quant developers and research analysts to do their work on approved validated data sources.
Aqua Digital Rising A new and alternative-asset and analytics investment platform has started its pre-funding round as it prepares for launch in January 2021.
Dynamo Software, a provider of cloud software for the alternative investment industry, has acquired Imagineer Technology Group.
EQUITY X, an equity valuation software and alternative data provider, has joined BT Radianz Cloud.
Integral, an FX technology provider, has launched a new version of its trading platform, FX Inside 7.0.
SmartStream Technologies has launched a new derivatives component for its Systematic Internaliser (SI) Registry service, to help clients meet the 15 September MiFID II deadline.
Truss Edge, an independent middle and back office technology solutions suite for fund managers, has further improved its data management, systems infrastructure and performance capabilities. The improvements come as part of its latest update to its core software.
SmartSearch a specialist in anti-money laundering software solutions has been named in the Sunday Times Sage ‘Tech Track 100’ for a second successive year.