Solutions
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
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
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.
ConsenSys, HENI Group, and Heyday Films, have launched Palm NFT Studio, an innovation lab set up to collaborate with artists, marketplaces, and rights holders to bring projects and platforms into the Palm ecosystem.
Palm is a joint venture between some of the brightest minds in blockchain working with two accomplished teams in fine art and filmmaking, brought together by ConsenSys founder and Ethereum co-founder Joseph Lubin; film producer and owner of Heyday Films, David Heyman; and founder of world class art house HENI Group, Joe Hage. The new venture will be led by co-founder and CEO Dan Heyman, currently General
The European Depositary Bank (EDB), a subsidiary of financial services provider the Apex Group, has partnered with Fund Recs to deploy its Cash Flow Monitoring Module.
Read the full story at Institutional Asset Manager…
Premialab, an independent data and risk analytics platform used by institutional investors looking to monitor, manage and diversify their global portfolios, has signed a strategic partnership with European VC firm Balderton Capital, as it opens its first office in the UK.
Allvue Systems (Allvue), a specialist alternative investment technology solutions provider, has agreed with GOT YOUR BACK to provide fund accounting software for its alternatives fund management clients. GOT YOUR BACK is a specialist fund and corporate services provider based in Sweden whose clients include managers of private equity and other alternative investment funds.
Leveraging on its existing offices in Hong Kong and Singapore, Privium will expand its business development activities to Shanghai on 5 April this year.
Given China’s continuing market reforms and gradual financial sector liberalisation, Shanghai’s role as international financial centre is taking shape. In light of the country’s rapidly growing asset management industry, Chinese fund managers are increasingly looking at expanding their operations abroad. Privium is able to facilitate their ambitions with business development support in Shanghai as well as fully licensed offices in Hong Kong and Singapore.
Privium’s Group CEO Clayton Heijman, says: “China has been a key focus
Delta Exchange, a cryptocurrency derivatives exchange, has raised USD5 million from industry-leading investors in a private sale for DETO, the platform’s native token.
Participating investors include Sino Global, Aave Ventures, CoinFund, Kyber Network, Spartan, QCP Soteria, LuneX Ventures, gumi Cryptos Capital, BR Capital etc.
Delta Exchange offers Perpetual Swaps, Futures, and Options on Bitcoin and over 60 altcoins with up to 100x leverage. The exchange also offers advanced derivatives products such as interest rate swaps and calendar spreads on Bitcoin and is the first to launch a marketplace for retail traders to discover and subscribe to battle-tested algo trading strategies.
