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American Financial Exchange Names John Shay as CEO Following 7RIDGE Acquisition
The American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for US banks and financial institutions, has appointed veteran financial services executive John Shay as CEO. The announcement comes after the recent acquisition of AFX by 7RIDGE, a growth equity firm investing in transformative financial services technologies. With decades of experience in…
Cboe Selects Broadway Technology as Infrastructure Service Provider for New U.S. Treasuries Trading Platform
Cboe Global Markets, Inc., the global market infrastructure and exchange operator, has chosen Broadway Technology, the high-performance front-office solutions provider, as an Infrastructure Service Provider (ISP) for its new U.S. Treasuries trading platform. Broadway has become a prominent name in the fixed income market over the years, and recently entered into an agreement to be…
Recorded Webinar: Modernising Legacy Data Infrastructure to Create Agile and Accessible Digital Platforms
In a highly competitive trading environment with little room for manoeuvre, financial institutions are looking to move on from legacy data infrastructure and build proprietary high-speed, low-latency trading systems offering agility, accelerated time-to-market, and potentially, competitive advantage. This is a sizeable undertaking and a shift from dependence on third-party trading services and solutions that has…
TS Imagine Partners with Crypto Finance to Offer Enhanced Crypto Trading Connectivity for Institutional Clients
TS Imagine, the global provider of cross-asset trading, portfolio, and risk management solutions, has announced a successful partnership with Crypto Finance, a European prime broker for digital assets. The collaboration will allow institutional clients to access greater connectivity and liquidity in cryptocurrency trading, with TS Imagine’s clients benefiting from Crypto Finance’s advanced trading infrastructure and…
SteelEye Partners with Enfusion for Streamlined Order Management and Trade Supervision
SteelEye, the integrated surveillance solutions provider, has partnered with Enfusion, a provider of cloud-native investment management software and services, to provide joint clients with a seamless experience, allowing trade and order data from Enfusion’s investment management solutions to flow automatically into SteelEye’s integrated compliance platform, which recently integrated ChatGPT 4 for enhanced market surveillance capabilities….
42Markets Group Secures $10m Investment from Convergence Partners for Fintech Portfolio Expansion
42Markets Group, a fintech investment group, has raised $10m in growth funding from Convergence Partners, a prominent private equity investor focusing on sub-Saharan Africa’s technology sector. The funds will be used to accelerate the development and expansion of 42Markets’ portfolio companies: Mesh, Andile, and FX Flow. Convergence Partners’ investment in 42Markets is supported by 14…
TP ICAP Invests in ipushpull to Accelerate Fintech’s Growth and Enhance Data Workflow Solutions
Real-time data sharing and workflow platform ipushpull has announced a Series A investment from TP ICAP, the liquidity and data solutions provider. This marks the first institutional funding for ipushpull, which will utilise the investment to expand its workforce and develop its platform to capitalise on the significant demand for its services. ipushpull has experienced…
LIST Facilitates Seamless Migration of Borsa Italiana Clients to Euronext’s Optiq Trading Platform
LIST, an ION company, has successfully upgraded its market making and trading FastTrade solution, enabling the migration of Borsa Italiana trading clients to Euronext’s Optiq technology trading platform. This follows Euronext’s acquisition of the Borsa Italiana Cash and Derivatives markets exchange in April 2021 and offers clients advanced trading functionalities specific to Optiq. To ensure…
7RIDGE Acquires American Financial Exchange to Accelerate Growth and Enhance AMERIBOR Adoption
The American Financial Exchange (AFX), an electronic exchange facilitating direct lending and borrowing for American banks and financial institutions, has announced its acquisition by 7RIDGE, a specialised growth equity firm investing in transformative technologies for financial services. The acquisition, which closed last week, aims to accelerate AFX’s growth trajectory, expand its network of members borrowing…
Nasdaq Enhances Risk Technology Platform to Further Support Real-time Risk Management
Nasdaq has announced a series of enhancements to its widely-used risk technology platform, which helps the banking and broker-dealer community manage liquidity and market risk. The upgrades aim to assist firms in navigating extreme market conditions by providing a live view of risk across proprietary and client trading portfolios, along with detailed analytics to support…