Solutions
Cowen has entered into an agreement to cooperate with Global Prime Partners (GPP) to transition GPP’s International Prime Brokerage business to Cowen. Cowen and GPP will work together to implement this transition efficiently and with a commitment to best serve GPP’s clients and personnel, as well as maintain the level of services current GPP clients have come to expect.
As part of the agreement, Cowen has hired GPP’s prime brokerage team, including personnel from the sales, operations, client service, onboarding and trading teams. GPP will also provide Cowen with Custody, Clearing and other related services. Additionally, Cowen will acquire from GPP
AiX has launched what it says is the world’s first natural language Artificial Intelligence (AI) broker platform, facilitating automated peer-to-peer trading in institutional over-the-counter (OTC) markets.AiX aims to transform OTC markets through its unique AI-driven negotiation and matching engine, executed through the AiX chatbot, which enables instant access to global liquidity, immediate price discovery, best execution and automatic settlement while ensuring anonymity. Facilitated through natural language processing and cognitive reasoning, the AiX chatbot serves the role of a human voice broker but uses technology that allows it to process thousands of orders accurately at a fraction of the cost for the end-user.
Initially live in global cryptocurrency markets, AiX’s first negotiated
Truss Edge, a specialist technology platform for ETF and hedge fund operations, has updated its true STP Safari platform, which grew out of the operational and reporting needs of a large macro hedge fund, and now serves the front, middle and back office automation requirements of both hedge funds and ETFs.
GMEX Group (GMEX), a specialist in digital business and technology solutions for exchange and post-trade operators, and Digital Partners Network (DPN), have launched the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX).SECDEX is a fully regulated, multi-asset, hybrid (both traditional and digital) exchange which aims delivers seamless trading, clearing and settlement by combining the market infrastructure experience of GMEX, as a founding shareholder, with the professional services of DPN, as a co-founding shareholder.
These include specialist legal, finance, compliance, corporate structuring services and investment opportunities through a tokenised digital fund.
This means that in addition to the listing of traditional securities
Pirum Systems has launched IM Instruct which is designed to help users of OTC Derivatives instruct IM to the various Triparty and Third-Party Custodian collateral venues and replace the multitude of instruction operating models by delivering a single, automated, exception-based solution.IM Instruct meets the industry’s need to standardise the various instruction flows across all collateral venues into a single instruction platform. Users simply integrate once with IM Instruct and achieve real-time two-way connectivity to all their Triparty and Third-party Custodian collateral venues. Pirum allows users to instruct, monitor and manage the full instruction and affirmation process to maximise STP and
Transaction Network Services’s (TNS) TNSXpress Managed Hosting solution is now live at the Hong Kong Exchanges and Clearing’s (HKEX) hosting data centre.Traders wishing to gain speed and cost efficiencies can now colocate their trading infrastructure close to the HKEX matching engine, thanks to TNS’ market leading technology.
“TNS is a welcome addition to our hosting services ecosystem,” says Andy Lee, Head of Hosting Services at HKEX. “We look forward to working together to further develop the ecosystem connecting Hong Kong’s iconic securities and derivatives markets.”
The TNSXpress Managed Hosting solution utilises TNS’ ultra-low latency Layer 1 technology which offers
AcadiaSoft, an industry provider of risk and collateral management services for the non-cleared derivatives community, is to launch a joint initial margin analytics service with Clarus Financial Technology (FT). The service, enabled by AcadiaSoft’s Access application (part of AcadiaPlus), allows Clarus FT to provide clients with margin analytics, calculations and modelling for non-cleared Initial Margin (IM).
Through the partnership, AcadiaSoft will make its IM data available via Access and provide the Common Risk Interchange Format (CRIF) data – which forms the input to the client’s SIMM calcuation – to Clarus FT. The service can be used by trading desks and treasury
The European Energy Exchange (EEX) has launched the “InsightCommodity” platform giving users the possibility to establish a comprehensive overview of available data products, services and providers around the energy and commodity markets of EEX Group. Dr Marcus Mittendorf, EEX Director Market Data Services, says: “With InsightCommodity, we are responding to the increased demand for individual data products and, in particular, forecasts and analytical evaluations. As a neutral exchange trading platform, we restrict our own offering to the provision of data and technology – however, we do not provide any recommendations which might be understood as forming the basis for trading decisions.
EQT is to make a significant growth investment in RIMES Technologies, a provider connected data insights to the investment industry.
Read the full story at Institutional Asset Manager…
The European Energy Exchange (EEX) will extend its global power product suite by offering Trade Registration services for the Japanese Power Derivatives market. The Go-Live date (18 May 2020), was announced in Tokyo as part of the EEX Group Japan Power Conference which was attended by more than 200 industry stakeholders from Japan and around the globe.
The new product offering, which is subject to standard European regulatory approval, will be the first Asian market area on the EEX Power Derivatives platform and the first EEX Group product specifically built for the Asian market. The EEX Japan Power launch follows a
