Solutions
IHS Markit is developing a USD credit spread adjustment for SOFR which utilises transaction data on commercial paper, certificates of deposit and corporate bonds issued by banking institutions.
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Clearstream, a provider of post-trading services, will from 2021 onwards use software products from BearingPoint RegTech to meet most of their regulatory reporting requirements.
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Genesis, a global financial markets software firm, has launched FX Prime, a trade capture application developed for FX & rates trading desks with Prime Broker integration.
The application has been developed in partnership with XP Investments, United States based subsidiary of the Brazilian broker-dealer XP Investimentos, the largest broker-dealer in Brazil.
XP Investments selected Genesis as their low-code application provider and the collaboration has empowered the firm to successfully automate legacy manual workflows, optimise and digitise operational processes and also to develop and deploy new products and services.
XP Investments has further expanded its strategic partnership with Genesis to deliver
Bit.com, Matrixport’s secure derivatives exchange, is to launch bitcoin cash (BCH) perpetual swaps and options on 20 January, and 1 February, respectively.
By George Ralph (pictured), Managing Director, RFA – The coronavirus pandemic has brought considerable challenges to the way hedge funds and asset management firms do business, with far-reaching consequences for cybersecurity, data safety and business communications. The need for fully flexible working around the pandemic continues to change. Collaboration tools have been key to successful working environments as staff need to work in the same way and securely, regardless of location.
In the early stages of the pandemic, the major tech challenges centred around endpoint security. Individuals may have been using personal devices for professional purposes, and the prevalent model was
By Mark Coriarty (pictured), Chief Revenue Officer, Sentieo – Sentieo works with hundreds of hedge funds, mutual funds, private equity firms, and Fortune 500 Corporations. Each and every one of these organisations has felt the impact of the global pandemic. They also have something else in common: an accelerated focus on technology.
We’ve seen a major trend play out in the last year. Organisations that were already set up to enable their teams to work remotely didn’t skip a beat at the outset of the stay at home orders last spring. Efficiency and output of the research process are the lifeblood of
Digital token trading platform Bitfinex is to launch trading for ETH 2.0, allowing its users to exit or enter an ethereum (ETH) 2.0 staking position.
ETH 2.0 will be available to trade with US Dollars (ETH2/USD), ethereum (ETH2/ETH) and tether tokens (ETH2/USDt) on 21/01/21 at 14:00 PM UTC. ETH 2.0 tokens represent ETH holdings successfully staked on Bitfinex’s ETH 2.0 staking service, and thereby locked on the beacon chain.
“We’re pleased to launch trading of ETH 2.0 in our peer-to-peer markets,” says Paolo Ardoino, CTO at Bitfinex. “This will provide our growing customer base with another avenue to participate in
Pragma, an independent algorithmic trading technology provider, has launched a new generation of deep-learning enabled execution algorithms.
Pragma initiated the project in 2018 to see if deep neural networks could be applied to an execution algorithm’s micro-trading, engine–governing decisions such as the routing, sizing, pricing and timing of orders – and deal with complex multi-dimensional trading challenges more effectively.
Following a beta launch in 2020, Pragma managed a number of controlled trials with its clients. It observed a significant improvement to execution quality, with an average shortfall improvement of 33 per cent to 50 per cent across billions
Genesis, a specialists in digital currency prime brokerage services, has appointed Dr Derar Islim to the newly-created position of Chief Operating Officer (COO).
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New data released by Trading Platforms indicates that it costs USDF25.2 million per day in electricity to process bitcoin transactions. The consumption cost is based on bitcoin’s 30-day average transaction of 328,418 as of 17 January, 2021, and the energy footprint per 1 BTC transaction confirmation of 612 kWh equivalent to USD76.74.
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