The Turquoise on OpenFin data feed will be delivered to FlexTrade via OpenFin’s message bus system as part of the pair’s newly announced collaboration.
Among those to depart is the asset manager’s former global director of trading, co-director of emerging markets, and its emerging markets portfolio manager.
The new firm, Radkl, will initially focus on quant trading across digital assets with plans to extend into decentralised finance (DeFi) later down the line.
The partnership will give buy-side users of SimCorp's Dimension platform fully managed portfolio optimisation and risk management services.
The integration meets demands from asset management firms to offer a more efficient and transparent way for the buy-side community to execute large orders.
Fidelity Investments’ head of FX technology has said getting applications to interact and collaborate with one another remains a key pain point for the buy-side.
Schroders’ Gordon Noonan said he would need to be sure who was operating in that liquidity pool before he committed to peer-to-peer.
Speaking at this year’s TradeTech FX event, Aegon Asset Management’s Kirstie MacGillivray said the level of data needed to maintain oversight of a counterparty had risen significantly.
The asset management giant will access the software through an integration with its flagship Aladdin platform.
Temenos study found that 56% of asset managers will focus investment on technology and data infrastructure in the next year.