Buy-side increasingly utilising TCA outside equities
While 76% of asset managers use TCA for regulatory and compliance purposes, more advanced and sophisticated use cases are continuing to gain traction, according to an Acuiti report.
Technology
FINBOURNE Technology increases funding total to over £100 million
Secondary funding round has enabled six investors to follow-on from their original investment and four additional investors to join the group of firms with a stake in FINBOURNE.
MarketAxess extends BlackRock partnership to enhance credit markets connectivity
Expanded partnership will see improved trading experiences through the integration of select MarketAxess credit protocols natively within the Aladdin platform.
JSE and DataBP collaborate on new cloud marketplace
New offering will serve as the central hub for all the Johannesburg Stock Exchange’s (JSE) data products and services.
Virtu rolls out new Switcher algo
New offering has been designed as a “co-pilot” for traders, allowing them to switch algorithms throughout the life of an order based on its characteristics and market conditions.
BlueX trading technology platform goes live with aim to bolster FX trading efficiency
Platform aims to simplify execution and make decision-making easier for traders, with data and analytics built into every trade.
3forge receives capital injection from Morgan Stanley
New start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – previously selected 3forge’s platform to support its trading activities.
Appital expands European equity coverage through addition of Virtu Financial’s POSIT MTF
The move will provide buy-side firms with execution capabilities for more than 21,000 equities across 24 European countries.
Appital adds pre-trade price discovery capability to boost natural buy-side liquidity
New offering is intended to allow buy-side traders to access liquidity at market levels, or outside of the spread, before committing to a bookbuild.
Tradefeedr and FactSet collaborate on FX trading data and analytics
Through the partnership, mutual clients will have access to a new decision-making suite in FactSet’s EMS to support pre-trade execution routing decisions for the buy-side.