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Pico Taps Frank Troise as Co-CEO
Markets technology and infrastructure specialist Pico has named electronic trading veteran Frank Troise as co-CEO in what current chairman, CEO and founder Jarrod Yuster terms the latest step toward taking the company to the next level of growth. The move – which will tap Troise’s operational expertise to support Pico’s expansion across its target market…
TNS Launches New York Upgrade for Ultra-low Latency Offering
US data communications provider TNS (Transaction Network Services) has upgraded its network in three New York Area data centres with the TNSXpress Layer 1 solution to speed up delivery of market data from NYSE, CBOE, and Nasdaq. The TNSXpress Layer 1, a single hop architecture that is up to 10 times faster than traditional Layer 3…
Boosted.ai Raises $8 Million in Series A Funding
Boosted.ai, a distributed machine learning platform for investment managers, has closed an $8 million USD Series A financing round, led by Portag3 Ventures. Dunamu & Partners and Polar Equity Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at $11 million. Boosted.ai will use the funding to enhance Boosted…
Rapid Addition’s RA Platform 3.0 Address ‘Buy and Build’ Imperative
London-based trading technology provider Rapid Addition has released version 3.0 of its RA Platform, a middleware solution for handling electronic trading messaging, allowing firms to customise their trading connectivity set-ups to best suit their requirements. The new version aims to support firms’ growing tendency toward ‘buy and build’ as they seek to optimise their use…
Nasdaq Launches Cloud Data Service
Nasdaq has finally launched its new long-awaited Cloud Data Service (NCDS), offering access to real-time exchange data, index, and fund data through cloud-based technology from Amazon Web Services (AWS). The solution makes Nasdaq data available through a suite of scalable, cloud-based Application Programming Interfaces (APIs), which utilise open-source delivery standards and a software development kit (SDK)…
WHSS-VendEx Tie-In Yields Superset of Market Data Management Capabilities
VendEx Solutions’ partnership with New York-based West Highland Support Services (WHSS) – announced this month – will allow both companies to market the superset of their combined offerings in financial data management, with a particular emphasis on market data. VendEx is seeking to shake up the market data inventory management space with its SaaS-based offerings….
Aquis Adds Market Structure Analytics via Big Xyt
Pan-European equities market Aquis Exchange is adding market structure analytics based on big xyt’s Liquidity Cockpit data analysis platform. Aquis will make the analytics available for use internally and by clients to power independent analysis of liquidity and market share. According to Jonathan Clelland, COO, Aquis Exchange will use Liquidity Cockpit “to understand and develop…
How Financial Markets are Maintaining Resilience During COVID-19
By David Brown, Chief Operating Officer, IPC. We are indeed living through unprecedented times, with the COVID-19 virus impacting all major trading locations around the globe simultaneously. Traders at financial institutions may already be working at home in self-isolation, or else unable to work as they are ill. Others, able to travel and classified as…
Diginex Partners with Itiviti on NYFIX Connectivity
Itiviti has partnered with Diginex, a digital asset financial services and advisory company, to provide its global NYFIX connectivity platform to Diginex clients: enabling them to access to a FIX-based order routing network that connects 1,600+ buy-side, sell-side and trading venues across all asset classes. According to the announcement, the partnership was driven by demand…
Altair Streamlines Panopticon Visualisation Deployment with New Release
Altair has simplified the deployment and expansion for users of its Panopticon visualisation tool with a major new version release. Panopticon 2020 for the first time offers users a singular view into the full application lifecycle, allowing them more easily to create user-generated content, dashboards and analytical applications. The Panopticon platform is used by financial…