Latest News
Digital token trading platform Bitfinex is to launch trading for ETH 2.0, allowing its users to exit or enter an ethereum (ETH) 2.0 staking position.
ETH 2.0 will be available to trade with US Dollars (ETH2/USD), ethereum (ETH2/ETH) and tether tokens (ETH2/USDt) on 21/01/21 at 14:00 PM UTC. ETH 2.0 tokens represent ETH holdings successfully staked on Bitfinex’s ETH 2.0 staking service, and thereby locked on the beacon chain.
“We’re pleased to launch trading of ETH 2.0 in our peer-to-peer markets,” says Paolo Ardoino, CTO at Bitfinex. “This will provide our growing customer base with another avenue to participate in
Pragma, an independent algorithmic trading technology provider, has launched a new generation of deep-learning enabled execution algorithms.
Pragma initiated the project in 2018 to see if deep neural networks could be applied to an execution algorithm’s micro-trading, engine–governing decisions such as the routing, sizing, pricing and timing of orders – and deal with complex multi-dimensional trading challenges more effectively.
Following a beta launch in 2020, Pragma managed a number of controlled trials with its clients. It observed a significant improvement to execution quality, with an average shortfall improvement of 33 per cent to 50 per cent across billions
Genesis, a specialists in digital currency prime brokerage services, has appointed Dr Derar Islim to the newly-created position of Chief Operating Officer (COO).
Read the full story at Institutional Asset Manager…
New data released by Trading Platforms indicates that it costs USDF25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.
Read the full story at Institutional Asset Manager…
The London Metal Exchange (LME) has issued a discussion paper on market structure, putting forward a set of proposals designed to enable the Exchange to modernise and adapt to emerging trends and evolving customer needs.
The proposals aim to achieve increased transparency and a structurally fairer and more efficient marketplace. They also take account of the rapidly increasing digitisation across commodity trading and the physical metals industry more broadly.
Matthew Chamberlain, LME Chief Executive, says: “As we set out in the 2017 Strategic Pathway, it is vital that the LME continues to adapt to serve its diverse trading community as
Tourmaline Partners, an independent outsourced trading solutions firm, has marked the 10th anniversary of its business.
The firm currently serves more than 350 institutional investor clients including hedge funds and asset managers of all sizes. Its non‐competitive relationships with more than 400 global brokers provide clients with access to liquidity at all major exchanges, dark pools, and other off-exchange trading venues around the world. Tourmaline’s unique business model provides clients unprecedented help in cross-border trading, and in achieving best execution and costs savings.
Tourmaline was founded in Stamford, Connecticut in 2011 to provide global execution in equities and derivatives to
CARL has launched the CARL mobile application, a new digital investing tool that ‘puts the power of quantitative hedge funds in the hands of regular accredited investors’.
This new quant hedge fund opportunity is available now in the Apple App Store with an Android version in the pipeline.
CARL is able to bring leading global quant hedge funds to regular accredited investors with a buy-in as low as USD20k (down from standard USD1 million), real-time performance updates, and monthly liquidity never seen within quant hedge funds before.
CARL’s CEO, Gunnar Ceuvas, believes investors shouldn’t be left with limited research capabilities
EEX Group continued to strengthen its position in the global commodity exchange space in 2020 by posting significant volume increases across the majority of its energy and commodity portfolio.
The major growth drivers were the European power markets, the environmental markets in Europe and North America and the global dry freight markets. Throughout the year, EEX Group continued to build and develop markets together with its customers and further extended its reach into Asia with the successful entry into the Japanese Power market.
Peter Reitz, CEO of EEX, says: “In 2020, we realised many major ambitions. We reconfirmed our position
ACA Compliance Group has launched a specialist global environmental, social, and governance (ESG) advisory practice.
Read the full story at Institutional Assert Manager…
Cobalt, a foreign-exchange (FX) and digital asset infrastructure provider, has partnered with Baton Systems, a provider of post-trade solutions for capital markets.
Read the full story at Institutional Asset Manager…
