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BondWave Acquires Bitvore’s Fixed-Income Analytics Unit
Fixed income-focussed FinTech BondWave has completed its acquisition of Bitvore’s data analytics business, which uses artificial intelligence (AI) to scour unstructured data sources for bond market clients. The technology will be incorporated into BondWave’s Effi fixed income data and analytics platform to “provide users with enhanced transparency and further support our mission and vision as…
Trading the Middle East & North Africa: Connectivity, Data Systems & Processes
The MENA region is emerging as a compelling yet complex landscape for global investors, marked by rapid economic growth, evolving regulations, and unique infrastructural challenges. Within this environment, how are technological upgrades in exchanges transforming the trading landscape? And, importantly, what hurdles still exist for those looking to establish a foothold in these burgeoning markets?…
Market Data Startup Databento Boost Fund Raising to $30m
Market data vendor and technology startup Databento has boosted its fundraising to US$30 million with a recent $10m capital boost from investors including Belvedere Trading, Clear Street and Lightscape Partners. Databento builds APIs to better serve financial institutions with high-fidelity market data. The pay-as-you-go service enables clients to select data distributed from almost 50 exchanges…
Data Quality is Key to Unlocking Consolidated Tape Success for Fixed Income
By Thomas McHugh, Co-Founder and CEO of FINBOURNE, and Vincent Grandjean, Founder of Propellant Digital. The bond market is regarded by many as the bedrock of our global financial system, supporting everything from corporate financing to government spending. But the integrity of the asset class is under serious threat, not from volatility or macroeconomic challenges,…
Options Technology Secures Strategic Investment from Vitruvian Partners and Acquires Packets2Disk
Options Technology has announced a strategic investment from private equity firm Vitruvian Partners, to support the company’s ongoing global expansion and innovation initiatives in the capital markets sector. Known for backing high-growth companies, Vitruvian will provide both financial resources and strategic guidance to help Options accelerate growth in areas including high-performance networking, cloud computing, security,…
Finastra Partners with DXC Luxoft and RightClick Solutions to Enhance Managed Services for Treasury and Capital Markets Clients
Finastra has entered a strategic partnership with DXC Luxoft and RightClick Solutions to enhance managed services for its treasury and capital markets clients. The collaboration aims to improve operational efficiency and reduce risk for users of Finastra’s technology by leveraging combined expertise in service delivery and regional resource specialisation. The partnership will initially focus on…
Recorded Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes
In Partnership With 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 Arab Emirates (UAE), Saudi Arabia and beyond. Exchanges and market intermediaries trading in these centres are adopting cutting-edge technologies to cater to the growing…
TS Imagine Completes Acquisition of PrimeOne
TS Imagine, the global provider of trading, portfolio, and risk management solutions, has now completed its acquisition of PrimeOne, specialists in operational risk management for the prime brokerage sector. The combined entity will operate under the TS Imagine brand, maintaining its global headquarters in New York. TS Imagine provides a SaaS platform offering integrated front-office…
Aquis and Cboe Europe Announce Joint Bid for EU Equity Consolidated Tape Provider Role
Aquis Exchange PLC and Cboe Europe have announced plans to form a joint venture, SimpliCT, in a bid to become the EU’s equity consolidated tape (CT) provider. The project, which aims to create a comprehensive and cost-efficient view of market activity for European equities, will be based in the Netherlands and leverage the combined expertise…
BGC Group to Acquire OTC Global Holdings, Expanding Energy and Commodities Business
BGC Group, Inc., the global brokerage and financial technology company, has agreed to acquire OTC Global Holdings, LP (‘OTC’), the largest independent institutional energy and commodities brokerage firm. The acquisition will bolster BGC’s Energy, Commodities, and Shipping (ECS) division by diversifying and expanding its global footprint. OTC offers brokerage services across key sectors such as…