TradingTech Insight Brief
OpenFin and Edgewater Markets Partner to Extend FX Trading Desktop Capabilities
OpenFin has partnered with technology provider Edgewater Markets to provide extended native desktop capabilities for FX traders. The full suite of products by Edgewater Markets is now available on OpenFin and is being distributed to clients globally. By leveraging OpenFin’s OS, Edgewater Markets now offers enhanced UX/UI across the desktop, including window management for efficient workflows and desktop real estate management, while maintaining enterprise grade security, zero install, memory retention and native desktop capabilities.
CMC Markets Connect Signs Distribution Agreement with Integral
Institutional trading and technology solutions provider CMC Markets Connect, has announced a distribution agreement with Integral, provider of cloud-based eFX workflow solutions. Under the agreement, CMC Markets will distribute its Spot FX and Indices, Treasuries and Commodity CFDs, including over 12,000 CFDs covering a range of single stocks and ETFs. Integral clients will have the ability to access pricing as well as execute trades.
Avelacom Offers New PoP at Bursa Malaysia
Infrastructure and data solutions provider Avelacom has deployed a new point-of-presence (PoP) at Bursa Malaysia, to extend its network footprint into Malaysia capital markets. Avelacom recently set up a PoP in Bangkok at the Stock Exchange of Thailand (SET), extended its partnership with Singapore Exchange (SGX), and became a Japan Exchange Group (JPX) arrownet-Global Partner Network provider.
Quant Insight Targets Retail Traders with iQbyQi Institutional-Grade Analytics
Analytics and trading insights provider Quant Insight has launched iQbyQi, providing retail traders in EMEA with what the company calls institutional-grade analytics, previously available only to asset managers and hedge funds. iQbyQi, which initially will be made available via online brokers, uses cloud-based AI to analyse millions of data points in real time in order to highlight opportunities and risks, then broadcast insights and analytics tailored specifically to individual traders. Coverage ranges from FX to single stocks, indices, commodities, cryptocurrencies and futures.
Mitsui Bussan Commodities Rolls Out MDXT to Metals Trading Desk
Mitsui Bussan Commodities (MBCL) has expanded its use of MDX Technology, the front office trader collaboration solution. Initially implemented to support real-time data sharing across MBCL’s global energy trading business, MDXT will soon be deployed to the metals team, who will use it to collaborate and share key data. This will support MCBL’s clients in managing the impact of price fluctuations across their value chains to reduce exposure, according to the company.
Instinet Joins as First Executing Broker on Appital Bookbuilding Platform
Instinet has collaborated with Appital to create a channel for buy-side firms to gain greater exposure to European deal flow and block trading opportunities. Instinet will be the first executing broker to work with the Appital Bookbuilding platform. Through the partnership, any deal flow that is formed and negotiated on the Appital platform can be executed via Instinet. The platform unlocks latent liquidity and drives a bookbuilding process providing deal originators with opportunities to execute large volumes with minimal market impact or risk of price erosion. Deal participants can set their own preferences to ensure they are only exposed and alerted to relevant liquidity. The platform is scheduled for launch in Europe in 2022, and is currently going through a formal onboarding process.
OpenGamma Secures $21 Million Funding Led by Allianz X
London-based OpenGamma has secured a total investment of $21 million in its latest funding round, led by Allianz X with participation from existing investors. OpenGamma will use the funding to expand its offering, including the launch of automated workflow solutions for treasury management for asset managers and other financial institutions. OpenGamma helps firms optimise the capital efficiency of their portfolios, particularly when it comes to posting collateral in derivative transactions. The company specialises in margin analytics and has developed coverage for a large inventory of derivatives products.
Macrobond Achieves Record Sales Following Introduction of New Collaboration Tools
Macrobond, a provider of global economic, aggregate financial and sector data, increased sales by a record 62% in 2021, with average recurring revenue growth of 22%. The company attributes its growth to the introduction of new collaboration tools that support the needs of remote teams needing to work more effectively together. In 2021, Macrobond onboarded 120 organisations globally – including some of the world’s largest banks, asset managers and owners, research houses and government institutions – with Asia Pacific and the US seeing significant growth.
Eventus Wins First Canadian Deal with Bitbuy Implementation
Bitbuy Technologies – the first Canadian cryptocurrency trading platform to be regulated as a marketplace – has implemented Eventus Systems’ Validus platform to meet all of its trade surveillance needs. With more than 375,000 users and $4.4 billion transacted through its platform, Bitbuy is also the first organization that is both a registered digital asset marketplace and a restricted dealer for Canadians to invest in cryptocurrency assets. Its compliance department is using Validus to help ensure its market operates with integrity, monitoring client trading behaviour and identifying any potentially problematic activity that requires further investigation. The deal is Eventus’ first in Canada.
Horizon Software Partners with Business France to Expand in Poland
Electronic trading solutions and algorithmic technology provider Horizon Software has collaborated with Business France Poland, part of a French national agency that supports the international development of the French economy, to expand the company’s services in the region. Through the collaboration, the company aims for its technology to be deployed on a larger scale, to a wider range of clients. The partnership builds on Horizon’s experience with Business France Middle East, where the agency played a major role in strengthening client relationships and facilitating business opportunities for Horizon in the MENA region.