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Abry Partners-backed Options Technology, a provider of IT infrastructure to global Capital Markets firms, has closed on its acquisition of Fixnetix, a DXC Technology Company. Financial terms of the agreement have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and was part of DXC’s global banking and capital markets business. This deal supports Options’ growth strategy and combines two industry leading teams committed to optimising the service offered to their customers across the financial sector. As a result of the acquisition, clients can avail of the extensive market data footprint
Integral, a technology company in the foreign exchange market, has reported average daily volumes (ADV) across Integral platforms totalled USD53.6 billion in March 2021. This represents an increase of 6.3 per cent compared to February 2021 and a decrease of 3.6 per cent compared to the same period in 2020.
Read the full story at Institutional Asset Manager…
The programme is now largely finalised for Hedgeweek and Private Equity Wire’s inaugural PrivateDebtLIVE Summit, a new flagship digital event that will be held on 21-22 April featuring a high-level line-up of speakers and sponsors.
Read the full story at Private Equity Wire…
Charles Square (CSq) an IT outsourcing company specialising in the Financial Industry, is investing into its senior management team with the appointment of Siv Sivasamy as New Business Director.
EQUOS, Diginex’s institutional-grade cryptocurrency exchange, has expanded its stablecoin offering by listing tether (USDT), providing an onramp into the EQUOS ecosystem for traders who use USDT as a base currency.
Tether is well-established as the largest and most widely used stablecoin, and is currently ranked fourth largest cryptocurrency, by market capitalisation. However, it has also been subject to negative media coverage and concerns from critics.
In considering USDT, the EQUOS listing committee undertook a thorough process, which it applies to all potential listings, including analysis on utility, degree of decentralisation, current usage, and transaction flow, ongoing development effort, innovation
AlphaTrAI, a venture-backed, asset management firm that delivers alpha through ‘transformative artificial intelligence’, has appointed Bruce Lavine as President, Asset Management.
Reporting to AlphaTrAI CEO Andreas Roell, Lavine oversees AlphaTrAI’s distribution, product design, strategy development and talent recruitment as the firm continues to grow and modernise the asset management space.
Roell says: “Demand continues to grow for a more dynamic, precise and efficient approach to diversified investing than traditional vehicles can offer. Bringing Bruce onto our senior leadership team enhances AlphaTrAI’s ability to modernise asset management for investors, adding value through targeted algorithmic investment models. His strategy, distribution, operation,
Hedge funds are “cautiously optimistic” on their growth prospects for the coming year, according to a new deep-dive industry study jointly published by the Alternative Investment Management Association, Simmons & Simmons and Seward & Kissel.
Enjin, the creators of the ERC-1155 non-fungible token (NFT) standard, have sold out their USD18.9 million private sale for Efinity, a next-generation NFT blockchain made for games, apps, enterprises, and creators, built on Polkadot.
Apperio, in partnership with Private Equity Wire, Institutional Asset Manager, and Hedgeweek, is launching an all-new live virtual conference dedicated to helping stakeholders in private funds exchange ideas and best practices for efficiently deploying and managing legal resources. REGISTER NOW
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