Technology

The tool allows institutions to track market liquidity and quote size in over 20 futures contracts on four global exchanges, minimising price impact of their orders.

New buy-side sales head previously spent over eight years at Eze as a director in North American hedge fund sales and three years at Morgan Stanley in alternative investments.

The move will equip Pareto Securities with the necessary capabilities to continue the development of their execution service.

The merger of the two entities announced in May last year saw the pair consolidate their market data and execution platform offerings.

The renewal of its relationship with ION’s Fidessa platform builds on Peel Hunt’s existing 18-year relationship with the trading technology provider.

Banks are looking to one-stop-shop solutions to minimise costs and safeguard future buy-side business by digitising client workflows, particularly with Athena, said United Fintech CEO Frahm.

The new service is aimed at helping participants meet new requirements resulting from recent amendments to the Securities and Exchange Commission (SEC) rules.

The upgraded solution will provide Trumid with access to a broader range of market data sources, automation for axe and run management, and ION’s pricing engine.

The asset manager also helped the FinTech raise $56 million in Series C funding.