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Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes
In Partnership With Date: 20 May 2024 Time: 11am London / 1pm Egypt & Saudi Arabia / 2pm United Arab Emirates / 6am CET Duration: 50 minutes As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United…
QuantHouse Enhances Data Offering with BMLL Historical Order Book Data
QuantHouse, the API Data and Trading Solutions business of Iress, has entered into a new global partnership with BMLL, the independent provider of harmonised Level 3, 2 and 1 historical data and analytics for the equity and futures markets. This collaboration aims to merge QuantHouse’s real-time data services with BMLL’s comprehensive historical order book data,…
Bridgewise Raises $21M to Expand AI Financial Intelligence Platform for Global Securities
Bridgewise, the AI-powered investment analysis platform, has successfully completed a $21 million funding round, increasing its total capital raised to $35 million. The investment was spearheaded by SIX Group and included contributions from Group11 and L4 Venture Builder, along with other global financial institutions. The company provides advanced AI-driven solutions that serve a diverse client…
Central Asian Stock Exchange Implements QUIK Software from ARQA Technologies
The Central Asian Stock Exchange (CASE) in collaboration with ARQA Technologies, has successfully implemented QUIK software, significantly upgrading its trading platform in Tajikistan. ARQA Technologies was chosen through a competitive tender to replace the existing platform. The new system now serves as the matching backbone for CASE, handling client instructions, market data distribution, and pre-trade…
CTM Debuts New Tri-Party Matching Workflow for Prime Brokers with Société Générale as First to Go Live
The Depository Trust & Clearing Corporation (DTCC), the leading provider of post-trade market infrastructure for the global financial services industry, has announced Société Générale as the first Prime Broker to adopt the Central Trade Manager’s (CTM) automated tri-party trade matching workflow. This development comes as the financial services sector worldwide braces for T+1 and more…
DSB Announces 2024 Consultation Schedule for OTC Derivatives Reference Data Services
The Derivatives Service Bureau (DSB) has outlined its 2024 consultation plan focusing on the OTC International Securities Identification Number (ISIN), Unique Product Identifier (UPI), and Classification Financial Instrument (CFI) services. The consultation paper will be released on 30 April 2024, allowing for feedback until 31 May 2024, and concluding with a Final Report on 16…
SIX Extends Provision of Fixed Income Data with Acquisition of Majority Share in FactEntry
SIX has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics and solutions for financial market participants. The acquisition enhances SIX’s data offering and meets customer demand for the company to expand its global fixed income footprint. FactEntry’s fixed income data sets, including reference data and corporate actions, will…
Kasikorn Securities Selects ICE’s Portfolio Analytics for Enhanced Derivatives Management
Intercontinental Exchange, Inc. (ICE) has announced that Kasikorn Securities, under the Kasikorn Bank Group of Thailand, has selected ICE’s Portfolio Analytics-Derivatives for its derivatives management needs. The deal will provide Kasikorn Securities with ICE’s derivatives solution for pre-trade pricing, analytics, and post-trade risk management, which will be integrated into their Kasikorn’s OMS. By leveraging ICE’s…
Forge Launches OMS for Institutional Trading in Private Markets
Forge Global Holdings, the infrastructure, data services, and technology solutions provider, has publicly released Forge Pro, a trade order management system (OMS) specifically designed for institutional investors trading in private company securities. As the interest in private markets grows among institutions, Forge Pro aims to make private market data more accessible while providing investors with…
CJC Achieves Cyber Essentials Certification, Enhancing ICT Defence Capabilities
Crown Jewels Consultants (CJC), the market data consultancy and professional services provider, has attained the Cyber Essentials certification, underscoring its commitment to robust cyber defence mechanisms. CJC was assessed to have met the Cyber Essentials implementation profile, with ICT defences deemed satisfactory against a commodity-based cyber-attack. The UK government-backed certification aligns with the EU’s Digital…