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FactSet and Quantopian Partner to Deliver Enterprise Data Analysis Platform for Quants

FactSet and Quantopian, a crowd sourced asset manager and provider of an open source quantitative finance platform, have formed a strategic relationship to deliver Quantopian Enterprise, a data analysis solution that allows quants to research, test and simulate how investment algorithms will perform in the real world. To support this, the relationship combines Quantopian’s open…

big xyt Hires Former Barclays Capital Executive Mark Montgomery

big xyt, a provider of data and analytics as a service, has appointed Mark Montgomery, formerly director of electronic trading sales at Barclays Capital, to support strategy and business development. In the newly created role, Montgomery will work closely with big xyt CEO Robin Mess and focus on alignment of business strategy with client needs…

TORA Introduces AlgoWheel to Help Firms Create Systematic Best Ex Processes

TORA has introduced an AI-powered AlgoWheel designed to help firms create scalable and systematic best execution processes in line with the requirements of Markets in Financial Instruments Directive II (MiFID II). The TORA AlgoWheel is a quantitative execution strategy optimiser that uses AI technology to automate low-touch order execution or provide real-time market intelligence for…

ION Trading Expected to Make Offer for Fidessa Ahead of 5pm Closing Deadline Today

The bidding battle for Fidessa has recommenced with ION Trading saying this morning that it has made a proposal to acquire Fidessa for £38.70 per share in cash. The proposal tops the offer of £35.67 per share made by Temenos on 21 February, but it is only a proposal and ION Trading must make a…

ION Trading Seals the Deal at Fidessa

ION Trading has agreed to acquire Fidessa just hours after it made a proposal to buy the company at a value of £1.5 billion and then transitioned the proposal into a formal offer. The offer trumps the bid for Fidessa made by Temenos in February and initially recommended by Fidessa to its shareholders. As we…

Potential and Pitfalls of Artificial Intelligence in the Trading Environment

Earlier this month, HSBC made headlines when it confirmed it will use UK start-up Quantexa’s artificial intelligence (AI) and machine learning technology to root out money laundering across its operations – the bank’s latest move in a multi-billion pound programme to fight financial crime. This seal of approval by HSBC has focused attention on the…

Estates and Infrastructure Exchange Selects Aquis Technologies Solutions

The Estates and Infrastructure Exchange (EIE) has selected Aquis Technologies, a division of Aquis Exchange, to supply solutions and services including a trading front end, the Aquis matching engine (AME), the Aquis market surveillance (AMS) solution, including a first-line surveillance service, as well as market operations and post-trade tools and services. The matching engine and…

Fidessa Plot Thickens

Fidessa has revealed that ION Trading, a vendor of trading software, and SS&C Technologies, a provider of investment management software and services, are the new suitors attempting to woo the firm away from its acquisition deal with Temenos, which was due to be voted in today – but as competition escalates, who will come out…

ITRS Adds Integrations to Monitor Big Data Platforms, Container Technologies to Follow

ITRS has added a set of six integrations to its Geneos solution that allow users to monitor open source, big data technologies – including Kafka, Hadoop, PostgreSQL, MongoDB, Cassandra and Elasticsearch – and troubleshoot, analyse and optimise the performance of applications running on each of these big data stacks. The company is also working on…

CQG Adds Quantitative Brokers’ Best Execution Algos to its Trading Platform

Quantitative Brokers (QB) has partnered CQG to offer its best execution algorithms for futures trading on the CQG platform. Guy Cirillo, head of partnerships sales at QB, an independent provider of algorithms and data driven analytics to clients in the futures and US cash treasury markets, says: “As one of few independent providers of fixed…