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QUODD Unveils Enhanced Market Data Platform Post-Xignite Acquisition
QUODD, a provider of on-demand market data, has reintroduced its market data platform and API marketplace, integrating assets from its acquisition of Xignite in February 2023. QUODD’s two primary product sets, QX Digital Platform and QX Data, are powered by QX Technology, a modern cloud-based infrastructure and toolkit for the automation, control, and consumption of…
Pico Launches Next-Gen Corvil Analytics Appliances for Enhanced Financial Market Performance
Pico has unveiled its Next-Gen Corvil Analytics Appliances, powered by Intel’s latest 4th Gen Xeon scalable processors, designed to provide analytics for 40/100Gbps networks. The new appliances offer sustained 30Gbps packet capture, with Intel Quick Assist Technology (QAT) used to optimise capture data compression at speeds up to 100Gbps. According to the company, the NVMe…
Exegy and BMLL Technologies Team Up for Historical Data and Analytics
Front-office trading solutions provider Exegy has formed a strategic partnership with BMLL Technologies, the independent provider of harmonised Level 3 historical data and analytics. The collaboration enables clients to use BMLL’s granular, historical data to fine-tune algos and to derive alpha through Exegy’s back-testing and simulation solutions. The partnership aims to free up much of…
Endoxa Consortium Partners with Droit for Innovative Position Reporting Utility
Following its $23 million Series B investment earlier this year, Droit, the technology firm specialising in computational law and regulation, has been chosen by the Endoxa Consortium, a new collaboration of five major global banks, to develop a position reporting and shareholder disclosure utility. The consortium, which includes Barclays, BNP Paribas, Goldman Sachs, HSBC, and…
Post-trade AI Insights Must be Built on Solid Data Foundations – Not Quicksand
By Marion Leslie, head of Financial Information, SIX Group. When you strip away the hysteria surrounding artificial intelligence (AI), what remains are numbers. Some of these tell a captivating story of relentless AI demand. For instance, computer chip developer Nvidia this year added $220bn to its market capitalisation in only an hour after reporting earnings…
BMLL Secures Investment and Partnership with Snowflake to Democratise Access to Level 3 Data
BMLL, the independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, has announced a strategic investment from Snowflake Ventures. This comes on the heels of a $26 million Series B investment from Nasdaq Ventures, FactSet, and IQ Capital in Q4 2022. The new partnership with Snowflake aims to…
Bloomberg Launches Alternative Data Function, ALTD < GO >
Bloomberg has introduced a new alternative data function, ALTD <GO>, offering customers an early read on company performance, side-by-side with traditional fundamental data on the Bloomberg Terminal. Through ALTD <GO>, users can incorporate consumer transaction data analytics, location analytics and other types of alternative data into their research workflows. The flagship data analytics source for…
CJC and Calero Strengthen Partnership to Enhance Technology Expense Management Solutions
Market data technology consultancy CJC has strengthened its collaboration with Calero, a global provider of technology expense management solutions. The enhanced partnership follows several mutual clients making use of CJC’s vendor-neutral expertise for consulting and integrating with Calero’s Market Data Management (MDM) solution. Services involved include data discovery, licensing management, telecom expense management, and cloud-based…
SDX Adopts Digital Token Identifier
SIX Digital Exchange (SDX) had become the first private distributed ledger technology (DLT) based financial market infrastructure to adopt the Digital Token Identifier Foundation’s ISO 24165 Digital Token Identifier (DTI) standard. The DTI standard provides a unique identifier for digital ledgers, tokens, and cryptocurrencies, and has been recommended by ESMA as a risk management measure for the…
How Should Stock Analysts Use Prompts for ChatGPT?
Daniel Philps, Head of Rothko Investment Strategies and Co-Leader of Machine Learning at the Gillmore Centre for Financial Technology at Warwick Business School. 2023, termed Generative AI’s ‘breakout year,’ has seen generative AI techniques continually advancing, researchers are exploring new applications and pushing the boundaries of what can be generated. The latest annual McKinsey Global…