Pico Expands RedlineFeed to APAC with the Addition of Two Chinese Exchanges

Following its acquisition of Redline Trading Solutions earlier this year, Pico has expanded RedlineFeed’s global coverage beyond European and US markets into APAC, with the addition of normalised market data for Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE).

The service is available at Pico’s colocation facility at the Hosting Services Data Centre of Hong Kong Exchanges and Clearing Limited (HKEX), where Pico delivers SSE and SZSE market data over PicoNet, for receipt and consumption across global regions.

Horizon Adds Gateway to Binance Crypto Trading Platform

Automated trading solutions and algorithmic technology vendor Horizon Software has added crypto exchange Binance to its list of its cryptocurrency gateways, providing connectivity for its clients to trade crypto spot and futures contracts on the exchange. Through its algo framework and principal trading features, Horizon now enables users to trade a range of crypto strategies 24/7 on Binance, as well as other crypto platforms such as Coinbase, Kraken, Bitstamp and Bittrex.

Refinitiv Teams with Microsoft, ModuleQ to Launch AI Alerts

Refinitiv has launched a market-data powered intelligent assistant, Refinitiv AI Alerts, designed to provide personalized, timely and actionable market insights for financial professionals. The product is powered by AI specialist ModuleQ, and is the latest solution to be launched as part of Refinitiv’s collaboration with Microsoft, announced in 2020. User-specific content suggestions and alerts are driven by ModuleQ’s proprietary algorithms and Refinitiv’s  Intelligent Tagging service, and are linked back to Refinitiv Eikon and Workspace for deeper analysis and action.

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.