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Sucden Financial, a global multi-asset execution, clearing and liquidity provider, has launched its TY3 (Tokyo) matching engine, in conjunction with FlexTrade Systems.The new matching engine targets Asia-Pacific clients, providing a significant reduction in cross-region latency and an overall enhanced experience, with improvements to liquidity and price discovery during Asia trading hours. Combined with Sucden Financial’s established NY4 and LD4 infrastructure, the addition of TY3 brings ultra-low latency access to the company’s unique and customised liquidity across all three regions.
“We are very excited to add our TY3 venue to Sucden Financial’s ever-expanding suite of eFX products, as well as for
Confluence Technologies has unveiled a new fully integrated business model following the completion of its integration of the former StatPro Group.Read the full story at Institutional Asset Manager…
Samtrade FX, an online trading brokerage that is committed to providing traders with safe, easy and low-cost access to Forex and Contracts for Differences (CFD) trading, has been registered and authorised as an Appointed Representative by the UK’s Financial Conduct Authority (FCA).This latest licence reinforces Samtrade FX’s ability to operate as an authorised and trusted financial services provider for securities in multiple territories.
To ensure it continues to adhere to the FCA’s specific AML compliance regulations – such as monitoring for suspicious activity and performing risk assessments, Samtrade FX has recently appointed Vic Tham, a veteran in the field of
Injective Protocol, a fully decentralised derivatives exchange protocol, has raised USD2.6 million dollars in a seed funding round led by Pantera Capital with participation from institutional investors including QCP’s investment arm QCP Soteria, Axia8 Ventures, and OK’s strategic investment partner K42.Injective Protocol aims to solve critical scalability and user experience bottlenecks that trouble decentralised exchanges (DEXs). Beyond providing working capital, the new strategic investors will also provide liquidity solutions for the decentralised exchange as well as support Injective Protocol’s business development and market brand recognition internationally.
Paul Veradittakit, Partner at Pantera Capital, commented on Injective Protocol, says: “Injective Protocol scalably
Societe Generale has joined Bank of America, Barclays, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, MUFG, Standard Chartered, State Street and UBS as a liquidity provider for FXSpotStream’s price streaming service.
Odey Asset Management, Crispin Odey’s long-running hedge fund firm, has hired former CQS and Pensato Capital man Jos Trusted as head of institutional business, a newly-created role aimed at expanding institutional business and developing the firm’s product range.
As well as focusing on growing institutional business through the development of its product range, Trusted will help spearhead the recruitment of new investment managers and the diversification of its international client base, with a strong focus on actively managed strategies.
Before joining Odey, Trusted was CEO of the New City Equity business at CQS, the high-profile multi-strategy credit-focused hedge fund giant
AI-driven data analytics platform FeedStock’s Connector offering has achieved Red Hat Container certification.Read the full story at Institutional Asset Manager…
Investcorp, a global provider and manager of alternative investment products, has held the final closing of a cEUR250 million collateralised loan obligation (CLO), known as Harvest CLO XXIV DAC (Harvest XXIV).
Silver Creek Capital Management (Silver Creek), a boutique alternative investment manager with UYSD7 billion in assets under management, has appointed Art Zaske, Managing Director and Portfolio Manager, as Deputy Chief Investment Officer (CIO).Zaske, who joined Silver Creek in 2006, is responsible for overseeing the firm’s liquid hedge fund strategies and leading Silver Creek’s Investment Committee alongside Eric Dillon, Chief Executive Officer, Chief Investment Officer and Founder of the firm.
Dillon says: “There is no one more capable and deserving of the Deputy CIO title than Art, who has demonstrated his broad investment expertise, commitment to risk management, and dedication to
BCB Group has launched BLINC, one of the first real-time payments networks of its kind to allow free, real-time transactions across fiat and digital currencies. The world’s oldest active cryptocurrency exchange Bitstamp is set to become the first exchange to enable transactions on BLINC, the BCB Liquidity Interchange Network Consortium. This development builds upon accelerating client demand for BCB Group’s platform over the year to end June 2020, with average monthly payment volume growth of 24 per cent.
The network aims to transform traditional payments infrastructure by providing a unified architecture capable of handling instant domestic and international fiat transactions, crypto
