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Simudyne Raises $6 Million to Develop Simulation Technology for Financial Services Firms
Simudyne, a simulation technology company, has closed $6 million Series A fundraising led by Barclays and including Graphene Ventures, an early investor in Snap and Lyft, and Gauss Ventures, an early investor in Revolut and Tandem, bringing total capital raised since Simudyne was formed to $10 million. The new funds will help Simudyne continue to…
Alternative Data Budgets Rise in 2019, But Providers and Buyers are Not in Step
Alternative data is gaining favour among investment firms seeking new ways to find alpha, but its lack of maturity as a data type is also leading to a dichotomy in the market between providers and buyers. While more than 90% of data providers expect prices to increase or remain the same through 2019, nearly 60%…
LCH Implements Three Solutions Built on Genesis’ Microservices Framework
genesis, a provider of trading technology products based on microservices, is gaining market traction with the implementation of three solutions at LCH following a recent deal with Linear Investments to develop a cash and margin management system. LCH has worked with genesis to design, build and implement the solutions, which will streamline and automate clearing…
Thasos Looks to the Future
Thasos, an alternative data intelligence firm that transforms real-time location data from mobile phones into actionable insights, has named Chris Metaxas as chief revenue officer. Metaxas comes on board as Thasos builds on growth in 2018 and 2019. Recent milestones at Thasos include partnerships with Bloomberg and FactSet, a new office in New York’s tech-focused…
Ensemble Capital Absolute Return AI Fund Goes Live with Numerix Oneview
Ensemble Capital, an absolute return global fund, has gone live with Numerix’s Oneview asset management solution for real-time risk and portfolio management. The hedge fund uses machine learning and deep learning AI algorithms to analyse market data, forecast moves, and trade currency and currency options to generate uncorrelated returns to traditional asset classes. The fund…
OpenGamma Raises $10 million in Growth Funding
OpenGamma, a derivatives analytics provider, has raised $10 million in funding led by early-stage fintech and B2B software venture capital firm Dawn. The funding round included participation from existing investors CME Ventures and ex-SunGard CEO and fintech angel investor, Cristóbal Conde. OpenGamma’s analytics solutions are designed to help global banks, hedge funds and asset managers…
Vela Provides Colo Services for JPX Markets
Vela, a provider of market access technology for global multi-asset electronic trading, has made its Direct Market Access (DMA) platform available at the Japan Exchange Group (JPX) site in Tokyo. By colocating in cabinets with premier access to JPX markets, Vela can offer ultra-low latency order routing and market data to Osaka Exchange (OSE). A…
FINOS Releases Version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium Standard
The Fintech Open Source Foundation (FINOS), a non-profit organisation promoting open innovation in financial services, has released version 1.0 of the Financial Desktop Connectivity and Collaboration Consortium (FDC3) standard. Founded and contributed to by OpenFin, the initiative brings connectivity and standards to the financial industry’s desktop applications. Gabriele Columbro, executive director of FINOS, says: “The…
RavenPack Offers Portfolio Ranking Tool Based on Sentiment
RavenPack, a provider of big data analytics to financial institutions, has released a portfolio ranking tool based on sentiment factors. Users can upload a stock portfolio and tailor their analysis to address risks detected across 19,000 sources including news, social media, regulatory filings, and transcripts. The portfolio ranking tool uses stock rankings to monitor users’…
Open:FactSet Marketplace Adds Thasos’ ConsumerStreams Geolocation Data
Thasos, an alternative data firm that transforms location information from mobile phones into real-time insights, has agreed with FactSet to offer its geolocation data on the Open:FactSet Marketplace (OFM). The OFM will feature Thasos’ ConsumerStreams product, which provides daily foot traffic data from US locations and includes historical data back to 2015 for time series analysis….