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BlackRock to Acquire Global Infrastructure Partners in $3 Billion Cash and Stock Deal
BlackRock, Inc. has agreed to acquire independent infrastructure fund manager Global Infrastructure Partners (GIP), for a total consideration of $3 billion in cash and approximately 12 million shares of BlackRock common stock. This strategic acquisition is set against the backdrop of a rapidly growing $1 trillion infrastructure market, driven by increasing global demand for advanced…
Four Key Trends Shaping Institutional Blockchain Adoption in 2024
By Gilbert Verdian, Founder and CEO at Quant. Last year it was more important than ever to distinguish crypto from the technology that powers it. Although 2023 was tumultuous for cryptocurrencies – with the heads of several high-profile exchanges facing criminal proceedings, and the UK government announcing its plans to regulate the industry – blockchain…
LoopFX Collaborates with FactSet to Integrate Its FX Trading Technology into Portware System
LoopFX, the FX trading venue for large spot trades, has announced a strategic partnership with FactSet to integrate LoopFX’s unique ‘Peer-To-Bank’ matching engine technology into Portware, FactSet’s FX execution management system (EMS). Set to commence in early 2024, the integration is designed to streamline FX trading for FactSet’s clients, enabling them to access LoopFX’s services…
Delta Capita and Montis Group Enhance Partnership to Develop Advanced Digital Securities CSD Infrastructure
Delta Capita and Montis Group have announced the expansion of their commercial partnership, building on their initial success in developing the Montis Central Securities Depositary (CSD) system. This digitally-native CSD system, powered by Delta Capita’s MACH Distributed Ledger Technology (DLT) platform, is designed to provide the market infrastructure needed for regulated tokenised assets, in the…
Baton Systems Partners with J.P. Morgan to Automate Collateral Optimisation
Post-trade specialist Baton Systems has collaborated with J.P. Morgan’s Collateral Services to automate the optimisation of collateral for tri-party clients globally. The integration of Baton’s Core-Collateral solution into J.P. Morgan’s CCP Margin Exchange (CCPMx) went live with its first CCP in November. Baton now plans to extend the solution across its network of 13 major…
CoinAPI Introduces EMS Trading API
CoinAPI, the provider of cryptocurrency APIs, has added an execution management system (EMS) API to its suite, enabling clients to trade across markets, asset classes, and exchanges in one place, with the ability to carry out transactions directly on cryptocurrency exchanges in real time with sub-millisecond latency. The solution is geared towards algorithmic traders and…
Appital Announces Substantial Growth in Platform Liquidity and User Base
Appital, the equity markets technology solution vendor, has reported a significant increase in both its user base and liquidity, with liquidity on its platform surging to $800 million notional in November alone, compared to the $200 million recorded between August 2022 and August 2023, prior to the company launching Appital Insights, its liquidity access tool,…
Tech Trends in Trading: Industry Experts Review 2023 and Look Ahead to 2024
As 2023 draws to a close, it’s time to look back at some of the more interesting trends that have emerged in the trading technology space over the last twelve months, and to take a look ahead at what 2024 might have in store. With this in mind, TradingTech Insight reached out to a group…
DTCC Completes Acquisition of Securrency, Now Rebranded as DTCC Digital Assets
Following its announcement in October, agreeing to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure, DTCC today announced the completion of the transaction. The Securrency brand will now be retired and the business will operate as DTCC Digital Assets, headed by Lynn Bishop, Managing Director and Chief Information Officer. Frank La Salla, DTCC…
Re-imagining the User Experience: LSEG’s Workspace Strategy
Earlier this year, the London Stock Exchange Group (LSEG) announced that it was on track to transition all Refinitiv Eikon clients to Workspace, LSEG’s next generation workflow platform, by the end of 2024, and that it intended to shut down Eikon in 2025. Over 50% of clients have now been migrated to the new platform,…