Solutions
Celsius Network, a cryptocurrency lending platform with over USD6.22 billion in lending to date, has partnered with Stonegate Global Fund Administration, a cryptocurrency fund administrator.Stonegate Global CEO, John McCorvey, says: “Celsius is a pioneer and leader in the crypto market for crypto depository and lending. Our strategic partnership with Celsius provides an additional value-added service to our institutional clients and will further enhance Stonegate’s crypto ecosystem and comprehensive solutions.”
Alex Mashinsky, Celsius CEO, says: “We built Celsius Network by placing our customers first and by providing full transparency of our platform by publishing daily all our data on the app and
Chief Compliance Officers (CCOs) and compliance teams face mounting pressure as heightened levels of global regulation combine with increasing scrutiny and cost concerns. Over-burdened teams that are stretched too thinly are more likely to experience burnout and make mistakes, exposing firms to risk. This is where a pragmatic approach to outsourcing can help ease some of the burden, improve efficiency and could be a cost saving.
QuantConnect has launched free trial periods for all algorithms listed on the Alpha Streams alpha marketplace. Institutional clients can now try out the algorithms on Alpha Streams and prove their theories before paying to license them for a longer period.
QuantConnect provides its community of quants access to financial data, colocated infrastructure, and a coding environment where they can research, backtest, and live trade algorithmic trading strategies. Quants then have the opportunity to make these alphas available for licensing by Alpha Streams clients, which comprise leading US quantitative hedge funds with an aggregate AUM of more than USD50 billion.
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Kepler Cheuvreux, an independent European financial services firm specialising in research, execution services and advisory services, is implementing big xyt’s Analytics including Transaction Cost Analysis (TCA).big xyt takes execution analytics beyond Transaction Cost Analysis (TCA), transforming the traditional view of TCA with data science; applying advanced techniques to increase quality and deliver consolidated data views for its clients. TCA has transitioned away from being a routine compliance solution to being a critical business function. big xyt says its solutions capture, normalise, collate and store trade data at a granularity that has not previously been available in the market.
Kepler
Global Digital Finance (GDF), an industry body advocating and accelerating the adoption of digital assets, has partnered with Washington-based advisory and advocacy firm FS Vector, and made four new senior appointments.
John Beccia of FS Vector will lead US Regulatory Affairs for GDF. European public policy specialist Lavan Thasarathakumar of Thasa Consulting, who is also a consultant at GDF founding member Hogan Lovells, will take ownership of EMEA Regulatory Affairs.
Malcolm Wright, Chief Compliance Officer of digital asset financial services and advisory company Diginex, has been elected Chair of the GDF member based Advisory Council. He is joined by
Investcorp, a global provider and manager of alternative investment products, and HC Technologies (HC Tech), a global technology-driven quantitative and algorithmic trading firm, are partnering to launch HC Capital Advisors.
Triad Securities, a full-service, agency-only brokerage firm, has partnered with BestEx Research Group to provide Triad’s clients with access BestEx’s newly-launched, next-generation algorithmic trading platform.Founded and led by industry veteran Hitesh Mittal, who previously served as head of AQR’s Global Trading Strategies Group and before that ran ITG’s algorithmic trading business, BestEx Research Group is an independent, high-performance algorithmic trading software provider. The firm’s broker-neutral trading solution combines expert consultation with sophisticated execution algorithms, a back-testing platform and multi-asset TCA capabilities, allowing investment managers to access the liquidity they need while minimising trading costs and information leakage.
BestEx CEO Mittal
Simcorp has made an investment in start-up Alkymi as part of a new machine-learning initiative aimed addressing the current strain and costly challenge of processing unstructured data for alternatives investments
TrueFX, a purpose-built OTC market designed for the buyside, has launched the TrueFX Clearing Member network, with Axicorp, FXCM and Velocity Trade partnering with TrueFX to support customer access to the ecosystem.
Tradition has reported an increase in demand the for SOFR market data via its TraditionDATA offering to gain an accurate picture of market context and colour.
