Solutions
Cryptocurrency exchange Bitstamp is to launch trading of tether tokens pegged to the euro (EURt), the first euro-pegged stablecoin, providing a liquid and stable means of obtaining exposure to the single European currency.
EURt will enable Bitstamp customers to deposit euro (EUR) and swap, transfer or trade it to a stablecoin, while retaining the same value and without losing funds on Forex volatility.
Users will be able to trade in their own fiat currency and no longer be required to use another stablecoin as an intermediary before making a deposit, saving them both time and money in the process. Bitstamp
A new quantitative trading client, Dark Forest Technologies, is now live on FlexTrade Systems’ OEMS platform – FlexONE.
Dark Forest, a systematic hedge fund, will utilise FlexONE’s scalable, high-performance capabilities to seamlessly consolidate all quantitative and systematic trading capabilities onto one platform and leverage FlexTrade’s related suite of fully integrated real-time trading API’s to automate the intake and throughput of orders in their pursuit of alpha-driven best execution strategies.
Michael DeAddio, Chief Operating Officer at Dark Forest Technologies, says: “FlexONE simplifies the coding and back-end efforts needed to support our high volume, international, multi prime broker business. We can now
Exberry, a marketplace and exchange technology pioneer, has partnered with Arcadier, a marketplace builder company, to provide technology for the next generation of marketplaces.
Many marketplace clients today are looking for a turnkey solution that is quick and easy to deploy, while still having all of the robust features of an established exchange. The growing trend of alternative marketplaces stem from the fact that businesses and consumers today are looking for a more transparent way to make purchases and smarter buying decisions. They want control and choice, to pay a fair price by placing a bid or reserve on a
Hazeltree, a provider of integrated treasury management and portfolio finance solutions for investment managers, has formed a strategic alliance with Lionpoint Group, a global consulting firm for digital transformation in the alternative investments industry.
Read the full story at Private Equity Wire…
The global user base of Trading Technologies International (TT), a provider of high-performance professional trading software, infrastructure and data solutions, can now access derivatives products listed on the Warsaw Stock Exchange (WSE), through the TT platform.
Read the full story at Institutional Asset Manager…
More than a quarter of decision-makers in buy-side financial firms (28 per cent) cite fragmented and unreliable data management infrastructure that struggles to cope with increasing data volumes as the biggest data management challenge they face, according to the results of a survey by market data integration and analytics solutions provider Alveo.
A further 8 per cent meanwhile, highlighted a problem with IT bandwidth, stating: “Our IT teams are overrun and cannot focus on strategic initiatives or improvements”, according to research conducted by Alveo, the leader in market data integration and analytics solutions for financial services.
Many also report low
Chronicle Software (Chronicle), a provider of low-latency technology solutions for the financial services industry, has expanded Chronicle FIX connectivity providing simplified access to additional pools of FX and cryptocurrency liquidity.
Read the full story at Institutional Asset Manager…
A London based alternative investment manager with in excess of USD1 billion of assets under management has signed an annual license for Insig AI’s proprietary Data Tool.
This contract win follows successful client testing and enables the client to structure and categorise both proprietary and third-party data and builds upon the Company’s recent success in delivering data science products to Royal London Asset Management.
Insig AI is also pleased to announce strong progress on the development of its ‘Insig ESG’ product; designed to enable asset managers to develop and execute a data-led ESG investing strategy by providing transparent and
Grayscale Investments, the world’s largest digital currency asset manager, and CoinDesk Indexes, a subsidiary of CoinDesk Inc, have launched the Grayscale Decentralized Finance (DeFi) Fund, a new diversified investment product, and the CoinDesk DeFi Index.
Grayscale DeFi Fund (the Fund) provides investors with exposure to a selection of industry-leading DeFi protocols through a market-capitalisation weighted portfolio designed to track the CoinDesk DeFi Index. The Grayscale DeFi Fund is Grayscale’s fifteenth investment product, and its second diversified fund offering.
“Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem,” says Grayscale
Hedge funds betting against UK blue chip stocks saw their negative wagers pay off on Monday as investor fears over rising coronavirus cases sent the FTSE 100 tumbling some 2.3 per cent.
Hopes that the easing of most Covid-19 restrictions in England this week – with 19 July having been dubbed ‘Freedom Day’ – would help accelerate the UK’s nascent economic recovery were soured as travel, manufacturing and retail names were all dented.
Travel and tourism-related stocks were among the hardest hit amid continued uncertainty surrounding the UK’s traffic-light quarantine system for travellers, which threatens summer holidays for many. EasyJet
