Crypto trading and risk management platform provider Caspian, has partnered with B2C2, the cryptocurrency market maker and liquidity provider, in a move that the firms claim, “makes life much easier for larger investors wanting to increase their exposure to cryptocurrency markets”.
The firms says the partnership is “significant: because of the liquidity that larger investors require if they are to move further into cryptocurrency markets. While Caspian provides a suite of tools designed to make accessing and trading these different markets much more easy, B2C2 is experienced in providing the OTC liquidity that this type of investor requires, they add.
The International Swaps and Derivatives Association (ISDA) and law firm Linklaters have launched a test version of a new online tool that will allow firms to electronically negotiate and execute initial margin (IM) documentation.
ISDA says the IM module is the first step in a broader push to make its documentation available online through ISDA Create, the association’s new digital documentation platform. ISDA Create – IM will enable users to produce, deliver, negotiate and execute IM documents with multiple counterparties simultaneously.
SmartTrade has been chosen by Seba Crypto to deliver its crypto and traditional assets trading platform.
Seba says it has the ambition to build a regulated bank to bridge the gap between the crypto and traditional financial economies. Headquartered in Zug, Switzerland, the company says it wants to give institutions, corporates and individuals the confidence to operate in both economies, enabling new thinking, creating solutions and managing digital wealth efficiently. SmartTrade will deliver a solution which encompasses connectivity to a large number of liquidity venues.
Charles River Development and Cassini Systems have formalised a business alliance to automate the calculation of margin estimates and provide pre- and post-trade analytics in the Charles River Investment Management Solution (IMS) for OTC and exchange-traded derivatives.
Emerging regulations and clearing rules mandate that investment firms post initial margin (IM) when trading cleared and non-cleared OTC derivatives, futures, and options on futures. Together with Charles River’s post-trade processing and settlements, IBOR, and GIPS-compliant performance measurement, expanded collateral management capabilities provide investment managers with a complete front and middle office solution, the firm says.
360T has announced the expansion of its algo suite.
“The need to enhance our integrated solutions with the continued innovation of our bank partners has never been more important for our clients, we are excited about this investment – now with over 60 Algo strategies, this will ensure our customers have access to market leading solutions in their execution decisions, as part of their 360T solution,” says Carlo Kölzer, CEO of 360T.
The 360T Algo suite is integrated into clients’ existing workflow via 360T TEX and the 360T EMS, which offers advanced workflow solutions, liquidity and compliance tools to the institutional and corporate market.
Exegy announces the availability of low-latency, normalised market data from the CME through its new Data Port point of presence in the Aurora, Illinois co-location data centre.
Data Port offers à la carte connections to pairs of Exegy hardware-accelerated appliances that process direct market data feeds in the major co-location data centres for global financial markets.
In addition to the new point-of-presence in the CME co-location data centre, Data Port is available in Secaucus, New Jersey, for US equities and options feeds, and London and Frankfurt for European equities and commodities feeds.
IHS Markit has announced that MarkitSERV will now offer integration with BidFX, an execution management system (EMS), for straight through post-trade processing of FX trades.
In working with BidFX and other FX trading venues on its network, MarkitSERV aims to deliver a comprehensive, flexible straight through processing (STP) solution for FX trading, which includes a hosted service to disseminate trades from execution venues to clients’ internal trade capture and risk systems. The low latency service is designed to eliminate manual trade booking and provides real-time trade notification, position and P&L updates, confirmation of dealt trades, and enhanced operation and risk control.
Gemini, the digital asset exchange and custodian founded by Tyler and Cameron Winklevoss, has launched a new cryptocurrency that is pegged to the US dollar.
The new cryptocurrency, called the Gemini dollar, is pegged 1:1 to the US dollar and is built on the Ethereum network according to the ERC20 standard for tokens.
Starting September 10, 2018 at 10am EST, it became possible to convert US dollars in a Gemini account into Gemini dollars and withdraw them to a specific Ethereum address. It is also possible to automatically convert Gemini dollars into US dollars by depositing them into a Gemini account.
Exegy and Transaction Network Services (TNS) have announced a partnership in offering a global FX trading platform.
The firms will combine TNS’ market connectivity and hosting solutions and Exegy’s Trade Port FX, which delivers normalised FX market data and execution services to major FX venues, to offer a fully managed and integrated FX trading platform.
“Exegy is excited to be working with TNS to create a global, state-of-the-art FX trading platform,” says Exegy sales director in Europe and Asia, Carlos Lansdowne. “TNS’ global presence, renowned reputation for superior customer service, coupled with Exegy’s FX market data and order execution solutions will deliver better performance, lower total cost, and a disruptive new model in the FX industry.”
FlexTrade has launched a new back-testing framework designed to gauge and adjust the performance of past trading strategies for real-time use in trading equities, FX and futures.
“Just because a trading strategy worked successfully in the past, doesn’t mean it will show the same results in the present,” says Vijay Kedia, president and CEO. “There are countless variables – old and new – that could impact performance in unanticipated ways. That’s why using an advanced back-testing framework can make all the difference in running a winning strategy.”