Natasha Cocksedge examines some of the key insights from The TRADE’s latest Algorithmic Trading: Hedge Funds Survey, highlighting that ‘speed’ is no longer a top priority for the buy-side when it comes to the main drivers behind algo usage, with factors such as ‘greater anonymity’ increasingly coming to the fore.
The new offering integrates Tradeweb and is expected to support institutional investors trading ETFs to gain access to wider global liquidity pools, increase automation and improve risk management.
Ediphy has confirmed that it will continue with its claim for damages in the High Court in parallel; Etrading Software tells The TRADE that it welcomes the decision and endorses two complementary transparency initiatives.
The new product launch, developed in close collaboration with Societe Generale, comes off the back of the recent surge in ETFs across the industry.
The collaboration is expected to provide Aladdin users with greater flexibility to suit their operating models and technological needs when using cloud services.
The investment management giant has also invested in the fintech to support the firm’s next phase of growth.
The service launch follows a successful proof of concept involving 13 sell-side FX options desks.
Implementation marks an expansion of the strategic relationship between the two firms established in 2004.
The offering is operated through the Tradeweb Markets platform and is set to replace previously manual processes.
Pirum’s new pre-trade solution aims to provide a new operating model to enhance counterparty choice and provide greater transparency and resilience for industry participants.