State Street Corporation announced that TradeNeXus, a GlobalLink digital platform for foreign exchange transactions and an integral part of State Street’s Digital Division, has partnered with Capitolis, the technology company reimagining capital markets, to launch an automated post-trade solution to optimize portfolios. This product culminates an ongoing collaboration to integrate TradeNeXus’ technology and network of asset management firms with Capitolis’ optimization, novation, and trade compression solutions. With this integrated offering, buy-side firms can utilize TradeNeXus to...

BNP Paribas has agreed to acquire Kantox, a fintech provider for automation of currency risk management. Kantox’s software solution has managed to successfully re-bundle the Corporate FX workflow, offering a one-stop-shop, API driven, plug-and-play solution which has emerged as a unique technology within the B2B cross-border payments sector. Kantox’s technology provides automation and sophistication to Corporates in setting up hedging strategies. By leveraging its integrated business model, BNP Paribas is positioned to accelerate and extend Kantox’s offering to a wide range of Corporate...

Jordan & Jordan, a Veteran owned financial technology company that provides market data solutions, technology, and industry regulatory and research collaboration through FIF and RIXML announced the launch of the Veteran Capital Markets Career Forum (VCMCF). The objective of the VCMCF is to provide no cost informational sessions on the various parts of the securities industry that can assist veterans in launching their careers, as well as to help them in interview preparation and identification of job opportunities. Through a series of webinar training sessions and interacting with...

Goldman Sachs announced the launch of Sonar Dark X, the newest algorithm on its Atlas equities trading platform. It is the first liquidity seeking algorithm powered by Atlas and is designed to maximize non-displayed liquidity capture and minimize price impact. Sonar Dark X leverages Goldman Sachs’ liquidity scoring framework for non-displayed liquidity, including scoring for distinct ATS liquidity segments, to help clients navigate the fragmented landscape. It is the newest algorithm on Atlas, Goldman Sachs’ equities trading platform that was introduced in 2019 as a result of a multi-year...

Chainlink, the Web3 services platform, announced that Two Sigma Securities, a systematic liquidity provider and trading business, has joined the Chainlink network as part of its effort to bring its market data to the blockchain ecosystem. Two Sigma Securities is contributing its high-quality proprietary data to Chainlink decentralized oracle networks (DONs) to generate tamper-resistant oracle reports. Developers in the Web3 ecosystem are now able to access Two Sigma Securities' premium market data to support a wide range of smart contract use cases that rely on...

BNY Mellon and Pirum announced the launch of a joint optimization service to offer collateral providers margining, risk management and inventory management to drive improved risk-return outcomes. The solution, ECPOConnect, combines BNY Mellon’s collateral management service, ECPO, which optimizes more than $4 trillion in assets globally, with Pirum’s CollateralConnect platform, a SaaS based solution supporting front-to-back cross-asset margin, collateral and inventory. The new service introduces a range of capital efficiency benefits by enabling industry participants to reduce...

Scotiabank celebrated the launch of its next generation algorithmic trading platform in Canada by ringing the Opening Bell at the Toronto Stock Exchange. The new platform is made available to clients through a strategic agreement with BestEx Research and features technology designed specifically to serve the unique needs of the Canadian equities market. Scotiabank's state-of-the-art platform provides institutional investors with a single-ticket order experience across the Americas.  

Intercontinental Exchange, Inc. announced it is expanding its wireless offering in Europe. ICE plans to offer market data and private bandwidth services over wireless between Bergamo, Frankfurt, London and within the London metro area. These new wireless networks are designed to provide market participants with a lower latency solution for connectivity between trading venues. According to a story in MarketsMedia news, following Euronext’s migration to Bergamo, ICE is planning to expand its wireless network and will connect markets in London and Frankfurt to the new Euronext location....

Cboe Global Markets Inc. is making some real-time market data freely available over blockchain, as the exchange operator makes its entry into decentralized finance. According to a story in Bloomberg news, the Chicago-based firm is joining the Pyth Network, the Jump Trading Group-backed decentralized publisher of crypto and other market data, as a contributor. It will provide data of 10 equities starting in the fourth quarter.