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QuantCube Launches Liquefied Natural Gas Commodity Trade Indicator
Alternative data specialist QuantCube Technology has launched a new QuantCube Liquefied Natural Gas (LNG) Commodity Trade Indicator, which aims to provide supply side commodity and energy futures traders with crucial insights at least one month in advance of official data, by tracking the import and export in volume of Liquefied Natural Gas. Harnessing automatic identification…
Overbond Secures New Round of Funding from Fitch Ventures and Aims for International Expansion
Overbond, the API-based credit trading automation and execution service for the global capital markets, has secured funding from Fitch Ventures, the equity investment arm of Fitch Group, the financial information services provider. The capital will help Overbond grow its sales and marketing division as it plans to open an office in London and double its…
The Electronification of Credit Markets: What’s Fuelling the Uptake
By Tommaso Di Grazia, Head of Fixed Income Product Development at ION Markets. In recent years, the credit market has become increasingly complex and fragmented, making it harder for firms to find liquidity and offer customers fast and accurate services. However, simultaneously, the market has seen a growth in electronic trading; according to industry analysts…
Genesis Receives $20m in New Investments from Bank of America, BNY Mellon and Citi
Genesis Global, the low-code application development platform purpose-built for financial markets organizations, has followed its $200 million Series C funding announced in February with $20 million in new investments from Bank of America, BNY Mellon and Citi. In 2021, Genesis tripled its revenue and the size of its team. Financial services firms use Genesis across…
Solving the Multicast Challenge of Distributing Market Data in the Cloud
As cloud becomes increasingly widely adopted in the financial markets sector, one area of cloud migration that remains elusive is that of market data distribution. The key stumbling block is the fact that the industry almost exclusively relies on multicast for distributing real-time market data. Multicast is tried and tested, it works, it is well…
ING Spins Out Pyctor Digital Assets Post-Trade Technology to GMEX Group
European banking group ING has spun out Pyctor, its institutional-grade custody solution for the digital asset ecosystem, to GMEX Group (‘GMEX’), the digital business and technology solutions provider for exchanges and post-trade market infrastructure. The Pyctor solution, incubated in ING Neo’s Amsterdam innovation lab, provides secure digital custody and transactional network services for a range…
TNS Launches Low-Latency Trading Services in JSE Colocation Facility
Transaction Network Services (TNS) has announced that it is now directly connected to the Johannesburg Stock Exchange (JSE) from within the JSE colocation facility, providing managed hosting services, Layer 1 order routing and market data connectivity. The company will serve as a vendor of record for South Africa’s principal stock exchange, offering JSE market data…
Recorded Webinar: Best Practices for Building High-Performance Data Infrastructures
The requirement for high-performance data systems to support trading analytics for hedge funds, high-frequency trading firms and electronic liquidity providers is well established. But the explosion in Big Data over the past several years has expanded the scope of inputs being used by these firms. At the same time, cloud technologies have added complexity to…
ING Makes Strategic Investment in OpenFin
ING Ventures, the venture capital arm of ING, has made a $10m strategic investment in OpenFin, the operating system of enterprise productivity, becoming the 7th major financial institution to not only buy OpenFin but also become a strategic partner. ING adopted OpenFin’s technology in 2021 to accelerate the bank’s desktop transformation strategy. Employees now have…
Optimising High Performance Infrastructure for Growing Market Data Volumes
As market data volumes continue to grow, firms across the industry – both market participants and their service providers – are having to think strategically about what kind of infrastructure they need in order to accommodate this growth, particularly under peak loads, whilst optimising for high performance. Given the rising volume, what kind of decisions…