Robinhood's Revenue Increased By 514% YoY- $682M In 2020
- 3 years 1 month ago
- Trading Systems, Investment
The FinTech industry is one of the fastest-growing industries despite the effects of COVID-19 slowing down its momentum. One of the more recent successes to come out of the FinTech industry is Robinhood Markets, Inc. or simply known as Robinhood. The company was founded in 2013 and officially launched its mobile-app that allowed investors to invest in commission-free trades of stocks and exchange-traded funds in 2015.
SH Capital Ltd Selects FinIQ as Digital Trading Platform
- 3 years 1 month ago
- Trading Systems
Newly launched digital treasury services management provider SH Capital Ltd (SHC), has appointed FinIQ as its digital trading platform. The company selected FinIQ, a leading Singapore-based capital markets technology provider, following a competitive search for a partner to support its expanding services across Dubai and the UAE region.
Horizon Extends Trading Solutions and Algos Offering to Vietnam
- 3 years 1 month ago
- Trading Systems
Horizon Software a leading provider of electronic trading solutions and algorithmic technology, is making its trading and algo solutions available in the fast-growing Vietnam market. Throughout the pandemic, capital has poured into the Vietnamese stock market – surging 20% to US$16.64 billion last year. With average transaction value estimated at US$304.8 million per session, up 51.5% year-on-year, the market is set for greater electronification.
Contour Partners with Thoughtworks to Ramp Up Digital Trade Finance in China
- 3 years 1 month ago
- Trading Systems
Contour, the global trade finance network, has partnered with international software consultancy ThoughtWorks in China. This marks Contour’s latest milestone in its expansion in the region and in the digitisation of international trade.
MODIFI Announces New 60M USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111M USD to Fuel Global Expansion
- 3 years 1 month ago
- Trading Systems, Payments
Global fintech MODIFI announces a new 60m USD debt facility with Silicon Valley Bank (SVB), bringing its total raised capital to 111m USD. The facility from SVB's German Branch will be used to address increasing demand in existing markets, as well as fuel MODIFI's continuing growth and finance buyers and sellers in new geographies, particularly the US.
DTCC Proposes Way Forward to Achieving Global Data Harmonization in Derivatives Trade Reporting
- 3 years 1 month ago
- Trading Systems, Security
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today outlined a three-prong plan to further harmonize derivatives trade reporting requirements and deliver against the objectives that were originally established by the Group of 20 (G20) at its historic 2009 summit in Pittsburgh.
SoftSolutions! Appoints James Della-Porta as Head of Client Engagement
- 3 years 1 month ago
- Trading Systems, People Moves
SoftSolutions!, the high performance multi-market fixed income trading technology provider, today announced that industry veteran James Della-Porta has joined as Head of Client Engagement. In his role, James will help clients take full advantage of the flexible approach that SoftSolutions! offers to the fixed income marketplace.
Fulton Bank Streamlines Foreign Exchange and Trade Finance Operations with Finzly FX STAR and EXIM STAR
- 3 years 1 month ago
- Online Trading, Payments, Banking
Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, announced that Lancaster, Pa.-based Fulton Bank, N.A. ($25 billion asset) has gained significant operational efficiencies in its foreign exchange initiatives through the use of Finzly’s FX STARTM and EXIM STARTM solutions.
Bitfinex Launches Paper Trading for Honey Framework
- 3 years 1 month ago
- Trading Systems, Risk Management
Bitfinex, a state-of-the-art digital token trading platform, has launched paper trading for the Honey Framework, enabling users to test drive automated trading strategies in a simulated environment without putting real funds at risk. Bitfinex’s launch of paper trading on the Honey Framework serves to further democratise access to sophisticated algorithmic trading tools and data that has historically been the exclusive preserve of traders at... more
Smart Comparison Fintech Firm MONVA Announces Second Fundraising Campaign
- 3 years 2 months ago
- Fundraising News, Trading Systems, Investment
Fintech MONVA has today launched its latest round of fundraising, returning to Crowdcube one year after smashing its last fundraising target. MONVA is now targeting a further £200,000 investment via Crowdcube, ahead of a larger institutional round expected to take place towards the end of 2021.
Aquarius Financial Technologies Partners with CQG
- 3 years 2 months ago
- Trading Systems, Data
Aquarius Financial Technologies Ltd. (Aquarius), a next generation trading technology provider, today announced a strategic partnership with CQG a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges. The partnership will support Aquarius’ vision to launch an institutional-grade global cryptocurrency exchange using CQG’s proprietary technology.
MCA FINANCE Chooses NeoXam to Support Its Growth
- 3 years 2 months ago
- Trading Systems
NeoXam, the leading technology company in the finance sector, today announces that MCA Finance has chosen the Nx Tracker3 technology to manage its Front and Middle Office activities. With this choice, MCA Finance obtains the most advanced standards in order placing automation via Fix and Swift standards.
LME Selects Itiviti for Automated Client Onboarding as Part of Trading Infrastructure Overhaul
- 3 years 2 months ago
- Trading Systems, Infrastructure
Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that the London Metal Exchange (LME) has chosen Itiviti’s FIX Conductor and VeriFIX Enterprise solutions to automate the onboarding process for their clients.
StoneX Selects Genesis Low-Code Application Platform to Digitize Their Middle Office Workflows
- 3 years 2 months ago
- Trading Systems
Genesis, the global financial markets software firm, has been selected by StoneX (formerly known as INTL FCStone), to fully automate and digitise middle office workflows for its equities and fixed income trading business.
Avelacom Extends Low Latency Connectivity and Data Solutions to AWS US West (N. California) Region
- 3 years 2 months ago
- Trading Systems
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, continues to enhance global trading speeds, through the deployment of a new point-of-presence (PoP) in San Jose, California. The new PoP is located in Equinix SV1, San Jose data center and Avelacom has also set up AWS Direct Connect aimed at providing direct access to AWS-based crypto trading platforms, pricing feeds and other... more
