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.
Technology
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.
China Minsheng Bank enhances market-making capabilities through adoption of Bloomberg sell-side solutions
The move will support the bank’s RMB cash bond market-making under Bond Connect and its USD interest rate swap (IRS) market-making in Hong Kong.
Liquidnet to launch multi-asset trading desk
As part of the new expanded offering Liquidnet has appointed a new head of multi-asset services as well as a head of multi-asset execution alongside several other trading-focused hires, The TRADE can reveal.
Baton Systems launches real-time intraday liquidity management and analysis tools
New tools claim to reduce intraday liquidity buffers and help meet prudential intraday liquidity obligations.
UOB becomes first Singaporean bank to join LSEG NDF matching platform
The London Stock Exchange Group’s (LSEG) non-deliverable forwards matching platform went live last November.