42Markets Group, a fintech investment group, has raised $10m in growth funding from Convergence Partners, a prominent private equity investor focusing on sub-Saharan Africa’s technology sector. The funds will be used to accelerate the development and expansion of 42Markets’ portfolio companies: Mesh, Andile, and FX Flow.
Convergence Partners’ investment in 42Markets is supported by 14 global development finance institutions (DFIs) from Europe, the US, and Africa.
In a highly competitive trading environment with little room for manoeuvre, financial institutions are looking to move on from legacy data infrastructure and build proprietary high-speed, low-latency trading systems offering agility, accelerated time-to-market, and potentially, competitive advantage. This is a sizeable undertaking and a shift from dependence on third-party trading services and solutions that has...
Trading software, infrastructure, and data solutions provider Trading Technologies International, Inc. (TT), has formed a commercial partnership with Eurex Frankfurt AG, the European derivatives exchange, which will allow TT’s global distribution network to access Eurex EnLight, a selective request-for-quote (RFQ) solution, directly from within the TT platform. The partnership will enable buy-side institutions, banks, and...
TradingTech Insight Briefing New York will explore how trading firms are innovating and leveraging technology as a differentiator in today’s cloud and digital based environment.
This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.