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 20<strong>23</strong> e-FOREX
Institutional EMBARK POWERFUL LIQUIDITY SOLUTIONS Combine power and tailor-made for best-in-class execution on FX Spot, Metals, Swaps, Forwards and Commodities. With a deep liquidity pool, custom streams, a hybrid execution model and the best trading environments, you are ready to expand your counterparty network. Partner with the Swiss leader in online banking (SIX:SQN). swissquote.com/fx-prime MAY 20<strong>23</strong> e-FOREX 7
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