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Vela, an independent provider of data and execution technology for global multi-asset electronic trading, has added the Cboe One Feed to its normalised market data service, SuperFeed.
Vela’s SuperFeed is a fully managed, low-latency market data feed that delivers high-quality, normalised real-time data via a single source with industry-leading levels of performance, availability, and reliability. Offering an exceptional blend of fast delivery and scalability, SuperFeed is designed to simplify and speed up clients’ access to data and is available from Vela’s data centres and via all major managed infrastructure providers. In support of the growing demand for real-time market data
Hedge fund Alden Global Capital (Alden) is to acquire all of the outstanding shares of the common stock of Tribune Publishing, owner of the Chicago Tribune, the New York Daily News and other local newspapers, for USD17.25 per share in cash.
Alden currently owns 11,554,306 shares of Tribune common stock, representing 31.6 per centof the Company’s outstanding shares.
The purchase price represents a premium of 45 per cent to the closing price of Tribune common stock on 11 December, 2020, the last trading day prior to receiving Alden’s proposal, a premium of approximately 35 per cent to the closing price
Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, has launched a new multi-asset fund strategy which taps into opportunities across a range of emerging markets asset classes.
ICM.com, a UK-based global multi-regulated financial service provider, has launched a new platform that gives access to several stock markets worldwide with assorted sectors.
Read the full story at Institutional Asset Manager…
Glue42, a provider of integrated desktop solutions for financial institutions globally, has released a new version of its open-source platform, Glue42 Core.
Read the full story at Institutional Asset Manager…
Only 31 per cent of senior financial professionals see London as the world’s leading financial hub, down from 34 per cent last year and a fall of 22 per cent since 2018.
Read the full story at Institutional Asset Manager…
Umbra, a Santa Barbara-based intelligence and technology company, has raised USD32 million in an equity financing led by the family office venture fund of John Burbank, founder of hedge fund Passport Capital.
Read the full story at Private Equity Wire…
Managed futures hedge funds have mounted an impressive fightback in recent weeks after finishing last month in the red, with new data from Société Générale showing its key CTA and trend-following indices storming into positive territory at February’s mid-way point.
This corner of the hedge fund industry – which aims to capitalise on market trends across a selection of asset classes, including equities, bonds, commodities and currencies, typically using computer-driven algorithms – endured fluctuating fortunes in January. Equity market losses as a result of the GameStop fiasco, coupled with currency losses, ultimately sank early-month gains in commodities and bonds.
Now,
Umbria Network, a decentralised finance platform on the Ethereum blockchain, is deploying its suite of applications on Polygon (previously Matic Network).
Polygon – which has vast experience and presence in the DeFi space – provides scalable, secure and instant Ethereum transactions using Plasma side chains and a Proof-of-Stake network. It is one of the most active layer-2 Ethereum scaling solutions in existence today. Its Developer Support Program is designed to help developers overcome difficulties they may face while developing Blockchain-based applications.
The Umbria team has decided to build its applications on the Polygon network due to its EVM compatibility; high speed, low
Digital asset investment products saw inflows of USD602 million last week, the third-largest total on record, according to the latest data released by CoinShares.
Bitcoin saw inflows of USD367 million as the trend of announcements by large corporations and funds using bitcoin as a treasury asset and investment continued.
Total assets under management for investment products stood at USD47 billion at the end of last week, with ether the standout performer at a record USD216 million of investment product inflows, beating the previous week’s record of USD195 million. Ethereum inflows represented 36 per cent of the digital asset inflows last
