Solutions
MarketAxess Holdings, the operator of an electronic trading platform for fixed-income securities, is to acquire Pragma, a quantitative trading technology provider specialising in algorithmic and analytical services in equities, FX and fixed-income.
Crossover Markets Group has become the first external technology venue to provide connectivity to Cboe Digital, a US-regulated exchange and real-time clearinghouse for spot cryptocurrencies and futures, via its flagship CROSSx product.
The collaboration provides a clearing solution for trades across multiple digital asset execution platforms.
CROSSx, an execution-only cryptocurrency electronic communications network (ECN) which was launched in in March and is backed by US-based hedge fund Two Sigma and Nomura, offers institutional and intermediary clients a platform to execute spot cryptocurrency trades, complementing Cboe Digital’s native exchange.
Cboe Digital Exchange’s clearing arm, Cboe Clear Digital, is a traditionally structured
London-headquartered restructuring firm Cork Gully has opened new offices in Luxembourg City and expanded its operations to the Grand Duchy to advise and manage challenged and tail-end investment funds, as either sub-advisors or replacement fund managers.
Transaction Network Services has extended the build out of its TNS Cloud platform with the introduction of TNS Cloud – Server Management, delivering full-suite trading infrastructure and support to buy- and sell-side institutions and their vendors.
Advantage Futures, one of highest volume clearing firms in the futures industry, has partnered with Validus, a global provider of multi-asset class trade surveillance, market risk and algo monitoring solutions, to meet its trade surveillance needs.
The Validus platform is used widely throughout the futures industry and other asset classes.
Validus’ use of automation, including machine learning, is aimed at speeding up alert triage and ensuring the most actionable alerts are escalated for further investigation. The platform handles alert generation covering billions of messages per day, around the clock, providing comprehensive coverage across trading flows.
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, is to launch Clearwater-GPT, which the company says is the world’s first generative AI technology for investment management.
The new offering, which is expected to be available to select customers during the second half of 2023, will deliver AI-created content for sales, service, marketing, IT and client interaction, and is aimed at accelerating the way Clearwater’s global clientele analyses investment data and responds to market changes.
Clearwater says Clearwater-GPT will complement its existing suite of products, which already includes investment management, accounting, reporting, and analytics solutions. By
Axioma, Qontigo’s analytics business and a global provider of factor risk models, portfolio construction tools, and enterprise risk solutions, has expanded its partnership with Equity Data Science, to provide hedge funds and asset managers with access to its Equity Factor Risk Model Suite.Â
Low latency market data specialist McKay Brothers International has launched its newest “lowest known latency” market data service, distributing Cboe UK cash equities raw data at the London Stock Exchange (LSE) via its wireless QRD service.Â
Automated global electronic broker Interactive Brokers has launched a Securities Lending Dashboard, which is designed to help sophisticated individual and institutional investors, including hedge funds, assess the short-selling activity for specific securities and inform trading decisions.
The new dashboard allows users to view an expanded universe of securities lending data across key metrics. This complements Interactive Brokers’ existing Securities Loan Borrow (SLB) system, which is a fully electronic and actionable self-service utility that allows clients to search for stocks available to short on the Interactive Brokers platform for free.
Powered by Orbisa, the new securities lending data includes information for
A focus on generating consistent returns coupled with a strong risk management framework is critical for emerging managers to stand out in the market. Addressing risk exposures through appropriate insurance policies is vital amid the evolving regulatory environment, says David Turner (pictured), Vice President, Alliant Financial Institutions.
