Trading Systems

Freetrade Closes on $15Million Funding in 2019

Commission-free stockbroking app Freetrade has closed a $15m fundraising round, comprising a $7.5m Series A investment from Draper Esprit and an equity crowdfunding rise of $7.5 million completed earlier this year. Targeting the millennial market, Freetrade claims to have picked up 50,000 customers in the year since launch. The UK-based company is currently working on the development of a new investment platform that will give users the option... more Read more »

Trayport to Provide Trading Platform Connectivity for Nodal Exchange

Trayport Limited (Trayport), a wholly owned subsidiary of TMX Group, and Nodal Exchange, a Washington D.C.-based derivatives exchange serving North American commodities markets, today announced an agreement to offer Trayport’s core trading screen, Joule, to trading participants of Nodal Exchange. Read more »

Trading Technologies Hires COO and Chief Growth Office

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced the hiring of two new executives: Russ Cotton as chief operating officer and Craig Mohan as chief growth officer. Both hires will start work next month. Read more »

IHS Markit Brings Electronic Trade Settlement to Distressed Leveraged Loans

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that ClearPar has introduced electronic trade settlement to the distressed leveraged loan market.  Deutsche Bank was the first to close a trade using the new technology.  Read more »

Cassa Depositi e Prestiti Migrates to Murex SaaS and Expands its Use of The MX.3 Platform

Murex, a global leader in trading, risk and back-office solutions for treasury and capital markets is pleased to announce that Cassa Depositi e Prestiti (CDP), the Italian National Promotional Institute with group assets in excess of €420 billion, has optimized its capital markets activities with Murex SaaS. Read more »

Horizon Software strengthens position in Vietnam and provides covered warrants market making

Ho Chi Minh, Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology, announced today its full capacity to support covered warrants on the fast-growing Vietnamese market.    Read more »

Axiom Alternative Investments Selects Quantifi’s Cloud Portfolio Risk Management Solution to Support its New Credit Fund

Quantifi, a provider of risk, analytics and trading solutions, today announced that it has been selected by Axiom Alternative Investments (Axiom), a leading investment boutique, to support the launch of its new credit fund.  The long/short fund invests in credit instruments and aims to capture the value created by structural price anomalies.  Read more »

StormGain Has Launched Trading Signals for Crypto

The cryptocurrency platform StormGain, the official sponsor of the Newcastle United Football Club, has launched a trading signal service for its registered clients. Trading signals do not require special skills and are available to all StormGain traders. Simply open the “Markets” section in the StormGain application and select the appropriate cryptocurrency for trading.  Read more »

DriveWealth Partners with Chaka, New Global Trading Platform in Nigeria, to Increase Access to U.S. Stock Market

DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced today a new partnership with Chaka, a global trading platform based in Nigeria that launched Oct. 15. Chaka’s technology-enabled platform, offering customers access to Nigerian and global financial assets, is using the DriveWealth platform to provide Nigerian clients access to U.S. stocks. Read more »

QuantHouse brings critical Historical Data on-Demand capabilities to the global algo trading community

QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products and part of Iress (IRE.ASX), today announced the launch of Historical Data on-Demand designed to dramatically speed up the research, development and backtesting phase of any trading strategy. Read more »

Horizon Software and ULTUMUS Extend their Partnership with Dividend Forecast Data

Horizon Software (Horizon), a leading provider of electronic trading solutions and algorithmic technology, and ULTUMUS, a provider of data services for index and ETF products, announced today they extended their partnership to enable the pricing, sourcing and trading of ETFs with a comprehensive dividend dataset integrated within the Horizon solution. Read more »

Global Bank Consortium to Build New Pech Platform for Primary Markets

A group of leading financial institutions have come together to develop a new technology platform to streamline communications within the primary market. The backers of the new DirectBooks platform include Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. DirectBooks aims to bridge the communications gap between underwriters and investors, allowing for more transparency and... more Read more »

Digital Vega Appoints Head of Asia, Head of Product Development and EMEA Relationship Manager

Digital Vega, the leading FX Options e-trading platform and provider of FX Options trading solutions, today announced three senior appointments, which support its ongoing product development and global expansion strategy. Simon Nursey, Head of Asia. Simon joins from Standard Chartered Bank, where he was Head of FX Options Trading in Asia since 2012. Prior to this he was Global Head of Currency Options trading at BNP Paribas for 17 years, working... more Read more »

Copper is the first institutional custodian to generate secure keys for Gram investors

Copper, the London-based custodian for digital assets, is the first institutional custodian to integrate the Telegram Open Network (TON) key generator. This allows investors that took part in the $1.7 billion fundraise to receive their Gram tokens from Telegram. This news follows an email sent on Wednesday, 2nd October from Telegram announcing to investors that the Telegram Open Network is planned to be launched in late October. Read more »

DTCC Exception Manager Growth Brings Efficiency and Cost Savings to Post-Trade Lifecycle

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Exception Manager platform has passed an important milestone, managing more than 2 million records related to 849,556 transactions/trades/exceptions and representing over $100 billion in market activity. Read more »

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