e-Forex-May-23

Bloomberg launches Hosting Solution for
Asia FX clients
Bloomberg has launched its Asia-Pacific
regional hosting solution in Singapore,
greatly improving FX pricing and trade
negotiation on its multi-bank FXGO
trading platform. Low-latency hardware
and software optimizations implemented
in Singapore have optimized pricing by
major international and regional liquidity
providers, improving best execution and
reducing transaction costs for regional
FX market participants. Several major
international investment banks have
already connected to the solution in
Singapore, delivering an enriched FX
trading environment for clients and
helping to contribute to the growth and
development of Singapore as an APAC
center of FX liquidity distribution. “We
are pleased to be supporting the region’s
FX community by consistently deploying
cutting-edge technology in areas that
matter most to our clients,” said Tod
Van Name, Global Head of FX Electronic
Trading at Bloomberg. “We cannot
underestimate the growth potential of
FX trading in the Asia-Pacific region,
especially as trading electronically
continues to gain momentum.” He
Tod Van Name
added, “We will continue to invest
in additional solutions that will bring
greater operational efficiencies
and transparency for our global FX
community.”
QubeAlgo being rolled out to broader market
NEWS
QubeAlgo, which has been live with
a select group of clients, is now being
rolled out to the broader market,
providing highly customizable solutions
that empower quants and developers
to build bespoke, multi-asset, electronic
trading applications, often with minimal
code.QubeAlgo’s asset-agnostic software
(Qube) is designed to significantly speed
up development of complex e-trading
applications, making it much easier
and more cost-effective to develop,
test, and deploy sophisticated e-trading
models and algorithms. Co-founders
Martin Zinkin and Jeff Leal have spent
their careers building award-winning
quantitative and algorithmic trading
frameworks inside top-tier investment
Martin Zinkin
banks, laying the foundation for the
launch of QubeAlgo. “We’ve built similar
solutions to Qube at our previous firms,
and now in its 5th generation, it is even
more powerful than its predecessors,”
says Zinkin. “We’ve spent a lot of time
over the years on low level technology, on
build and deployment issues, data and
environment, and cumbersome testing
processes. We had a vision of a system
that would allow quants and developers
to be much more productive and allow
them to focus instead on models and
business logic.”
KX and Options Technology partner
KX has nnounced a new partnership
with Options Technology, a leading
provider of capital markets services
and market data. Together, the two
companies will create a cloud-based,
market data analytics platform that will
deliver enhanced trading outcomes for
clients. Through this partnership, KX
will utilize Options’ extensive market
data footprint to enhance the analytics
platform, providing clients with realtime
and historical insights. Options
will provide KX with access to its vast
repository of market data, including
Equities, FX, Futures, Options, and Fixed
Income data, as well as advanced market
data analytics tools. “Our partnership
with KX marks a momentous occasion
for Options Technology and the financial
services sector as a whole,” said Danny
Moore, President and CEO of Options
Technology. “The integration of our
market data and analytics solutions with
KX’s market-leading time series database
and Data Timehouse technology will be
a game-changer, providing clients with
unparalleled insights and enabling them
to make informed trading decisions in
real-time.”
Danny Moore
6 MAY 2023 e-FOREX