Fintech, Finance, Technology, Banking Highlights – 7 May 2018
Gemini joins Caspian crypto trading network
Caspian, the full-stack crypto trading and risk management platform for institutional and sophisticated investors, has partnered with Gemini, the licensed digital asset exchange, as part of its strategy to connect institutional investors and active traders with multiple exchanges from a single interface.
This partnership comes as Caspian – which is a joint venture between Tora, the leading global provider of advanced investment management technologies, and Kenetic, the blockchain firm committed to expanding the development and adoption of blockchain platforms – implements its strategy of adding 40 trading platforms by the end of June to its existing exchange connections.
“Our aim at Caspian is to drive exponential growth in crypto-trading participation amongst institutional and sophisticated investors. Our new partnership with Gemini will help us to not only increase our user base but also provide sophisticated connectivity and interoperability across various cryptocurrency exchanges,” said Robert Dykes, CEO of Caspian.
Caspian provides professional-grade trade order, execution, compliance and risk management features to meet investors’ regulatory and operational needs. It currently connects to over 10 major crypto-exchanges, including Gemini (FIX), BitMEX, GDAX (FIX), Bitfinex, Poloniex, BitFlyer and Binance.
Cathay Capital and Bpifrance to acquire majority stake in NeoXam
Cathay Capital and Bpifrance announced that they have signed an agreement to acquire a majority stake in global financial software company NeoXam from BlackFin Capital Partners.
The deal comes off the back of a sustained period of growth for NeoXam, a provider of data management and transaction solutions to financial institutions. Over the past two years, the French based firm’s (62.5 M€) revenue has increased by +25% and it has signed more than 32 deals and hired over 150 employees.
In close liaison with BlackFin, the executive committee at NeoXam chose Cathay Capital due to its resources and ecosystem developed in Europe, China and the U.S. and Bpifrance for its institutional footprint.
With these new partners, NeoXam’s management intends to leverage on the strong growth of the market and the technological assets of its data management, portfolio management system and back office solutions to position the Group as a global leader. With the global footprint of Cathay Capital, Neoxam will develop its presence in key markets, particularly APAC and the U.S.
Commenting on this signing agreement, Serge Delpla, Founder and CEO at NeoXam, said: “Since 2014, we have been creating with BlackFin a new leader, aggregating together established software and seasoned teams with fast-growing French gems. This audacious and entrepreneurial partnership has been fully successful. Now, Cathay Capital’s proven track record and Bpifrance’s institutional strength will be pivotal in providing us with the resources needed for NeoXam’s expansion plans. Our global business will undoubtedly benefit from the Cathay Capital network, particularly in China and North America, to continue to deliver world-leading financial solutions to our customers.”
Cobalt FX post-trade network secures investment from SGX
Cobalt, the foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, has secured a strategic investment from Singapore Exchange (SGX), which operates Asia’s largest, most diverse and fastest growing FX exchange.
SGX’s investment will support the continued expansion of Cobalt’s footprint into the FX space, further accelerating technology development and build out of the team.
Cobalt’s unique solution leverages highly optimised technology alongside an in-house immutability service based on distributed ledger technology (DLT) to deliver a shared back and middle office infrastructure that is scalable, secure and fast.
