Solutions
Cowen has launched a new algorithmic trading solution, the “Inaccessible Liquidity Adjustment,” to address fundamental shifts in the US market structure and help clients accurately navigate an ever-evolving investment landscape.
The mix in trading volumes driven by retail and institutional investors has caused a fundamental shift in US equity markets over the past two years. Cowen has found that individual stocks with higher rates of inaccessible liquidity, often driven by retail trading, tend to have higher execution costs, which can have measurable impacts on institutional investors. Cowen’s new algorithmic trading solution directly addresses the market dynamic related to increased volumes
Umbria, a DeFi protocol that uses layer two technology developed by Polygon, has launched Umbria Farm.
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Glue42, a provider of integrated desktop solutions to financial institutions globally, and Velox, a data-centric, low-code application platform built for the front-office, have launched the ‘G42 Fidessa/Velox Appliance’.
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TORA, a provider of trading technology, has integrated its order & execution management system (OEMS) with BondCliQ’s US corporate bond consolidated quote and trade data.
The integration will greatly improve the contextual pricing data available to TORA customers evaluating corporate bond trading opportunities via the TORA OEMS.
Traders using the TORA OEMS can now access real time, centralised corporate bond quote data sourced from the 50,000-plus quotes which BondCliQ receives on a daily basis from 40-plus dealers. This quote data, in combination with real time pricing data, allows traders to better analyse the market and evaluate the quality of
Newly launched digital treasury services management provider SH Capital Ltd (SHC), has appointed FinIQ as its digital trading platform.
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Tether tokens (USDt) have climbed above a market capitalisation of USD40 billion, amid a surge in institutional and corporate demand.
As the most stable, liquid and innovative stablecoin, USDt is cementing its pivotal role within the digital token ecosystem. The ‘Tetherisation’ of trading continues at a pace with many digital token spot exchanges denominating pairs in USDt rather than bitcoin (BTC). Meanwhile, USDt is increasingly being used in remittances and innovative projects in the digital token ecosystem, including those in the nascent space of decentralised finance (DeFi).
“Crossing USD40 billion represents an important milestone for Tether,” says Paolo Ardoino, CTO
Horizon Software a provider of electronic trading solutions and algorithmic technology, is making its trading and algo solutions available in the fast-growing Vietnam market.
Throughout the pandemic, capital has poured into the Vietnamese stock market – surging 20 per cent to USD16.64 billion last year. With average transaction value estimated at USD304.8 million per session, up 51.5 per cent year-on-year, the market is set for greater electronification.
Since 2017, Horizon has established a strong partnership with Ho Chi Minh Stock Exchanges (HOSE) and has supported the stimulation of the Vietnamese markets through market making and the issuing of Covered
Sycamore Tree Capital Partners (Sycamore Tree) has selected Allvue Systems (Allvue), an alternative investment technology solutions provider, as the software provider across all of the firm’s strategies.
Sycamore Tree is a value-oriented investment firm, launched in November 2020 with a fully implemented Allvue platform technology solution, that specialises in private and alternative credit with strategies across traded credit, structured products and special situations.
Allvue is providing Sycamore Tree its full suite of credit solutions for the entire investment lifecycle, from portfolio management to research, trading, compliance, performance attribution and investment accounting. These products support Sycamore Tree across its varied and
BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has launched Relative Value (RV) Curve spread trading, allowing clients to trade cash US Treasury benchmark spreads in a single order for the first time.
As a result, market participants are able to trade spreads across the yield curve more efficiently and without legging risk.
“Following the successful migration of BrokerTec onto the CME Globex platform, we are pleased to launch the RV Curve product that creates a new, single order type to merge implied spreads from outright order books with true spread orders for
Danish-owned cryptocurrency hedge fund ARK36 has participated in a private sale of GTU tokens issued by Concordium, a new blockchain project built for business and focused on regulatory compliance and privacy.
Concordium, which is run by a team of Danish innovators and led by CEO Lone Fonss Schroder, has recently completed the second private sale round where they raised USD15 million and thus secured additional funding for further development. ARK36 saw the sale as an opportunity to further broaden its portfolio, recognising Concordium’s groundbreaking potential and a promising, asymmetric risk-to-reward ratio it may carry as an investment.
Concordium is a
