Trading Technologies International, a global capital markets technology platform provider, has acquired London-based AxeTrading, a global provider of fixed income trading solutions. Terms of the transaction have not been disclosed.

Quantile, a provider of portfolio optimisation services, has developed what it says is the market’s first optimised backloading service which, once FX Smart Clearing has been launched by LCH ForexClear, will allow participants to reduce margin and capital requirements by moving FX Forwards and FX Swaps into LCH ForexClear. 

The European Power Spot Market, operated by EPEX SPOT, saw a 7% increase in trading volume year-on-year in February, reaching a total of 53.2 TWh. Day-Ahead trading registered a 3% growth, while Intraday Markets trading increased by 19%.

OSTTRA, a global post-trade solutions company and a member of the FIA’s Derivatives Market Institute for Standards, confirmed it is working with DMIST members to identify a data standard for post-trade processing of exchange traded derivatives. 

A new report by data provider Preqin has revealed that the percentage of women holding senior positions at hedge funds has fallen around the world, with Europe leading the way with a 50% drop since 2021, according to a report by Reuters.

Millennium Management, the $57 billion hedge fund founded by Israel Englander, has taken the first significant step in boosting its presence in Australia with the appointment of portfolio manager Alex Wallis, according to a report by Financial review. 

Global hedge funds saw a 0.5% decline in February according to the performance of the HFRI Fund Weighted Composite Index, on the back of weak equities performance, ongoing generational inflation, higher interest rates and the possibility of a recession in 2023.

Ben Melkman, a former partner at Brevan Howard Asset Management and the founder of the now-shuttered Light Sky Macro fund, has become the latest 'star' trader to make a multi-strat move this year, ditching plans for a solo fund to join the team of macro specialists at Schonfeld Strategic Advisors.

Bainbridge Partners is to acquire three alternatives strategies from GAM Investments – GAM Opportunistic Credit, GAM Diversity and GAM Trading II – with combined assets of 80 million Swiss francs ($87 million), according to a report by Pensions & Investments.

HFR has launched the HFRI 400 (US) Indices, a family of investable indexes tracking private hedge funds and open to US taxable investors, making the HFRI 400 a suitable benchmark for US-based, taxable, high net worth and ultra-high net worth investors.