StoneX has selected Chronicle Software (Chronicle), a specialist provider of low-latency microservices and technology solutions for financial services, to enhance its equities trading performance. StoneX selected Chronicle’s software in a competitive process to replace incumbent trading technology.     The Chronicle FIX engine is a core trading technology built to meet the most stringent performance and resilience requirements. It offers exceptional low latency, high throughput (c1m messages per server/second), rule-based routing for ease of scalability, multi-level security and a robust design supporting uninterrupted trading.

London-headquartered information services company, Dialectica, has launched a B2B Surveys service to enhance its comprehensive portfolio of bespoke insights services. The proposition is designed to enable Dialectica’s clients – the world’s leading consulting, hedge fund, and private equity companies – to gather proprietary quantitative insights utilising research methods that have historically been limited to the B2C insights world.  The product development has been born out of client requests for a bespoke survey offering that matches the firm’s expert interview proposition.

Spectrum Markets, a pan-European trading venue for securitised derivatives, has widened its product offering to include cryptocurrencies as an underlying, with turbo warrants on bitcoin and ether now available. The new products expand Spectrum’s existing suite of Turbo24s and allow brokers to offer their clients long or short leveraged exposure to the price of the two most popular cryptocurrencies.  

Brooklands a specialist in operational and regulatory compliance, has extended its services to provide a robust AML Infrastructure. The new offering includes an Anti-Money Laundering Compliance Officer and an Anti-Money Laundering and Counter Terrorist Financing Manual, Policies and Procedures.

Online Blockchain, the administrator, co-ordinator and adviser to Umbria Network, has reported ‘excellent progress’ with the platform’s cross-chain asset bridge ‘Narni’. Since its beta launch on 16 August, 2021, Narni has quickly expanded its scope from an Ethereum to Polygon bidirectional bridge – supporting the transfer of $ETH, $USDC, $USDT, $MATIC, $WBTC, $GHST and Umbria’s native token $UMBR – to a multichain bridge, which also includes the Avalanche, Fantom, Binance Smart Chain (BNB) and Arbitrum networks. Transaction volume has consistently risen on Narni with average transactions per day now totalling 600, and transaction values ranging anywhere between $3 and $50,000.

Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has unveiled its new corporate brand identity reflecting the company’s evolution into a modern technology partner for more than 800 alternative investment funds and their portfolio companies. The rebrand caps a period of continued hyper growth and technology advancements that have enabled Drawbridge to deliver the industry’s leading all-in-one cybersecurity platform to help its global clients navigate the dynamic cybersecurity landscape. Built and led by fintech industry pioneers and cybersecurity experts, Drawbridge enables alternative investment firms to bolster their cybersecurity posture to minimise risk, meet evolving regulatory

Deutsche Börse is expanding the market data offering on its cloud-based online analytics platform A7 to include historical market data from global derivatives marketplace CME Group. The two firms recently reached a licensing agreement, which will enable market participants to test their trading strategies and make highly-informed trading decisions by subscribing to market data sets from either, or both, exchanges via the A7 platform. Historical data from CME Group will be available daily on a T+1 basis, and, initially, will include data from each of its four designated contract markets – the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange

Cboe Global Markets, a provider of global market infrastructure and tradable products, has acquired Eris Digital Holdings (ErisX), an operator of a US-based, digital asset spot market, a regulated futures exchange and a regulated clearinghouse. Ownership of ErisX allows Cboe to enter the digital asset spot and derivatives marketplaces through a digital-first platform developed with industry partners to focus on robust regulatory compliance, data and transparency.    Cboe plans to operate the ErisX business as a subsidiary with Thomas Chippas, Chief Executive Officer of ErisX, remaining as head of the digital asset business, reporting to Chris Isaacson, Executive Vice President

Bitfinex Derivatives, a derivatives platform accessible through digital token trading platform Bitfinex, has launched perpetual contracts for JasmyCoin (JASMYF0:USTF0), Stargate Finance (STGF0:USTF0) and Kyber Network Crystal v2 (KNCF0:USTF0). JASMYF0:USTF0, STGF0:USTF0 and KNCF0:USTF0 went live on 2 May at 12:00 PM CET. The contracts offer users up to 100x leverage and will be settled in tether tokens (USDt). 

Reactive Markets, provider of Switchboard, a cross-asset trading and price streaming network, has added 15 top tier FX Liquidity Providers (LPs), which include eight of the top 10 Euromoney FX LPs. Launched in August 2021, Switchboard is the backbone for institutional crypto and FX liquidity, providing the infrastructure to allow LPs to efficiently distribute prices to large numbers of clients. It is the first open and transparent liquidity network for Crypto and FX trading, where clients can trade on a fully disclosed basis with their relationship LPs at no cost, connecting via a single high performance API or front end trader desktop.