Fintech, Finance, Technology, Banking Highlights – 1 November 2018
Trading technologies partners with tradestation to offer its options-on-futures technology to tradestation customers
Trading Technologies International, a global provider of high-performance professional trading software, announced that the company has entered into a long-term agreement with TradeStation Securities, Inc. (TradeStation Securities) to provide TT’s advanced options-on-futures trading functionality to TradeStation customers via the TT trading platform.
In doing so, TradeStation Securities’ customer base will gain access to the most cutting-edge suite of world-class execution tools, superior risk management capabilities and the fastest commercially available derivatives trading platform.
Michael Kraines, President and CFO of Trading Technologies, offered, “TradeStation has a broad and highly sophisticated customer base, and we are pleased to be able to provide those users with the institutional-grade capabilities that the world’s top professional traders use for options on futures.”
“This agreement will enable us to significantly enhance the trading and analysis experience for our clients who currently trade options on futures, as well as attract new ones,” said John Bartleman, President of TradeStation Group, Inc. “Trading Technologies offers one of the industry’s most sophisticated suite of options-on-futures analysis, risk management and order-execution tools.”
Bitstamp acquired by NXMH
Luxembourg-based cryptocurrency exchange desk Bitstamp has been acquired by NXMH, a Brussels-based investment firm owned by the South Korean conglomerate Nexon Holdings (NXC), the company announces with this message:
“Today I am pleased to announce that Bitstamp has been acquired by NXMH, a Belgium-based investment company.
Bitstamp has been regularly approached by suitors for quite some time. The reason why we finally decided to sell the company is a combination of the quality of the buyer, the quality of the offer and the fact that the industry is at a point where consolidation makes sense. A major factor in agreeing to the sale is that the mission, leadership and vision of the company remains the same.
I want to assure you that Bitstamp remains Bitstamp. We will continue to innovate with the goal of giving our customers the absolute best trading experience. It is business as usual here. We do anticipate that this acquisition will strengthen Bitstamp’s positioning for growth, which will provide opportunities to better serve our customers. Customers should not have any concerns about their accounts or changes to the way we operate.
Bitstamp has come a long way since we started in a garage with two laptops and EUR 1000 seven years ago. We believe this acquisition is the logical next step in Bitstamp’s growth as a company and I look forward to the future with this team.”
RedBlack and SS&C extend alliance
RedBlack, LLC, the independent provider in investment management solutions for rebalancing, order management and trading, announced a multi-year extension of its alliance agreement with SS&C Advent, a division of SS&C Technologies.
“What matters to us is the success of our clients. We help them achieve that through our own rebalancing solutions and through partnerships with alternative providers. Our relationship with RedBlack and all of SS&C Advent’s Alliance Partners underscores this commitment. We’ve had a successful relationship with RedBlack for several years and we’re happy to see this partnership continue,” said Eli George, Senior Director of Partnerships and Data, SS&C Advent.
Daniel C. Potter, President and CEO of RedBlack, said, “We remain steadfast and focused on our vertical within the financial services industry. Our advanced portfolio rebalancing, trading and order management technology seamlessly integrates with a wide array of partners to provide their clients with best-of-breed solutions that automate existing workflows, streamline back office processes and scale their businesses through increased operational efficiencies. We are exceptionally proud of our alliance with SS&C Advent and look forward to delivering even more value to their clients going forward.”