Cowen Outsourced Trading: Best Outsourced Trading Solution – As hedge fund managers continue to focus on reducing cost and fostering a greater emphasis on their core competency, the industry is seeing a move as existing funds explore outsourced solutions to either supplement their internal trading operations or at times completely replace them.
Trading & Execution
Tradeweb: Best Execution Platform – During periods of high volatility or market stress, it’s vital that hedge fund managers continue to benefit from robust access to liquidity through efficient electronic markets. Electronic trading plays a significant role in promoting stability in financial markets, and multi-asset execution venues like Tradeweb, also help to keep them connected.
CME Group achieved record international average daily volume (ADV) of 7.2 million contracts in Q1 2020, up 57 per cent year on year, and surpassing the previous quarterly record of 5.3 million contracts traded during the second quarter of 2019.
BTON Financial, an independent outsourced dealing desk for asset managers and genesis, the Low Code Application Platform for Capital Markets, are partnering to automate trading workflows.
TrueFX, a purpose-built OTC market designed for the buy-side, has executed the first set of disclosed trades between counterparties on its network.
Apifiny has launched GlobalX, a new platform allowing institutional investors to trade every single crypto market simultaneously.
LCH EquityClear has implemented a new LSEG Technology post trade clearing platform.
Argonaut Capital Partners, the London-based European equities-focused long/short manager, has hit back at recent criticism of short sellers by the new governor of the Bank of England, adding there is “no evidence” that the practice is harming the UK economy.
Cassini Systems, a provider of pre- and post-trade margin analytics for derivatives market participants, has established a new office in Sydney, the firm's first physical presence in the Asia Pacific (APAC) region.
Pico, a provider of technology services for the financial markets community, has launched a new managed co-location facility for Japan Exchange Group (JPX).