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Archax Raises $28.5m in Series A Funding
Archax, the UK FCA-regulated digital asset exchange, brokerage and custodian, has closed a Series A funding round of $28.5 million, with investors including abrdn as lead strategic investor, alongside Bitrock Capital, Blockchain Coinvestors, CE Innovation Capital, Keiretsu Capital, Lingfeng Capital, Mathrix AG, SGH Capital, The Tezos Foundation and others. Archax is the UK’s first digital…
LightPoint Launches LightPoint 360 ‘Hedge Fund in a Box’ Solution
LightPoint Financial Technology, the SaaS-based trading solutions provider, has launched LightPoint 360, a new all-in-one solution that targets new launch hedge funds, combining LightPoint’s existing SaaS-based trading, order management, portfolio management, and accounting product with Microsoft 365. The new ‘hedge fund in a box’ offering also comes with a comprehensive set of outsourced operational and…
OpenFin Expands to Government Sector
OpenFin, the operating system of enterprise productivity, has expanded out outside of the finance sector for the first time by entered into a strategic partnership with, and securing investment from, In-Q-Tel (IQT), the not-for-profit strategic investor serving the U.S. intelligence and national security community. The company has also announced record growth for the first half…
IEX Group Launches cloudSwXtch, Bringing Multicast to Cloud Networks
IEX Group, through its wholly-owned subsidiary swXtch.io LLC, has announced the commercial launch of cloudSwXtch, a cloud-native software product that aims to bring bare-metal performance capability to the major cloud networks. cloudSwXtch is a virtual overlay network that adds high-performance networking to cloud or edge deployments with no code changes to existing applications. The product…
BMLL Secures $26m Series B Investment to Fuel Further Growth
BMLL, the independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, has secured a Series B investment of USD 26 million. The funding round was led by Nasdaq Ventures, FactSet and IQ Capital’s Growth Fund, and supported by ACF Investors and other new and existing investors. BMLL provides…
CQG Partners with Lime to Offer Trade Execution on US Equities
Trading technology solutions provider CQG has expanded its partnership with technology-driven broker-dealer Lime Trading Corp. CQG’s front-end trading platforms are now integrated and certified into Lime’s back end for trade execution, giving CQG clients the ability to seamlessly access Lime’s low-latency gateways to US exchanges and dark pool venues for equity trading. CQG clients also…
Colt Completes Proof of Concept for Multicast Data in the Cloud
In a further indication of the industry’s interest in finding ways to utilise the cloud for distribution of market data, connectivity and colocation provider Colt Technology Services has announced the successful completion of a cloud colocation Proof of Concept (PoC), demonstrating the viability of hosting and distributing multicast data in the cloud. According to the…
Adaptive Partners with Google Cloud to Reinforce Cloud Capabilities for Clients
Adaptive Financial Consulting (Adaptive), the technology solutions provider that builds and operates bespoke trading systems for its clients, has entered into a partnership with Google Cloud. The partnership will enable Adaptive to further leverage Google Cloud’s processing power and analytical capabilities, and will also bolster resilience for services built on Google Cloud. The partnership follows…
3d innovations Partners with BST to Upgrade Abacus Market Data Inventory
3d innovations (3di), the data management product and services company, has partnered with Swiss-based fintech Banking Software Training AG (BST), to launch a new version of its Abacus Market Data inventory, which will be based on BST’s FinOffice componentry. “Abacus, which has been around for a number of years, was starting to get a bit…
Sustainable Trading Adds Seven New Firms to its Membership Network
Sustainable Trading, the non-profit organisation aiming to transform environmental, social and governance (ESG) practices in the financial markets trading sector, has added seven new firms from across the trading industry to its membership network. Joining the 41 firms already participating in the industry initiative are Barclays, Liquidnet, Mizuho International, Rand Merchant Bank, Schroders, State Street…