just now

Liquidity Finder Ltd is incorporated in England and Wales, company number 10610740, registered address 167-169 Great Portland Street, Fifth Floor, London W1W 5PF, United Kingdom.
Published: just now

Clear Street announced today its plans to acquire the Fox River algorithmic trading business from Instinet. The acquisition is expected to significantly enhance Clear Street's equity trading capabilities for both buy-side and sell-side customers.
Fox River, known for its comprehensive suite of algorithmic execution solutions in US and Canadian equities, has built a reputation serving a diverse clientele, including some of the industry's leading quant-driven funds. The acquisition is set to bolster Clear Street's offerings in the quantitative trading space.
Chris Pento, CEO and Co-Founder of Clear Street, emphasised the strategic importance of the acquisition. "Fox River's leading algorithmic trading capabilities add another key component to the value chain we offer," Pento stated. "Known for their high-performance algos, white-glove service and flexible platform, Fox River has a longstanding and loyal client base, built on proven and respected products and services."
The move appears to be mutually beneficial for both companies. Gerry Milligan, President & Head of the Americas at Instinet, commented on the transaction: "This transaction provides clear benefits to both firms. It allows Instinet to streamline our existing Execution Services offering and continue to concentrate our investment efforts on our core Algorithmic platform. Additionally, we believe that the Fox River platform will be a great complement to Clear Street's product suite."
Clear Street plans to integrate Fox River into its existing business, complementing the firm's cloud-native prime brokerage platform and enhancing its electronic trading capabilities. This integration aligns with Clear Street's mission to modernise the brokerage ecosystem, which began with the development of a cloud-native clearing and custody system designed for today's complex, global market.
The transaction, advised by Clear Street Investment Banking, is expected to close in Q3 2024, subject to customary closing conditions. Financial details of the deal were not disclosed.
We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.
Select the categories and companies you wish to follow directly to your person rss feed.
Create Custom RSS FeedSign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!
Retail futures trading leader NinjaTrader Group has appointed Mark Omens as Senior Vice President, Commercial Strategy, bringing a 25-year veteran of derivatives marketplace CME Group into a newly created role focused on exchange partnerships and enterprise growth.
Gold Price Action Forecast: Will XAU/USD Drop to $3930? Meta Description: Read our Gold price action forecast to see if XAU/USD will drop to $3930.
BitDelta Securities Financial Services LLC (“BitDelta Securities”) today announced that it has received full regulatory approval from the Capital Market Authority (“CMA”) of the United Arab Emirates under the Category 5 — Arrangement and Advice license framework (License No. 20200000439). The approval follows the firm's receipt of In-Principal Approval earlier this year and represents the successful conclusion of the CMA's full licensing process, including the satisfaction of capital requirements, governance appointments, and operational setup.
Crypto.com has received a $400 million strategic investment from Citadel Securities, valuing the firm at $20 billion. It marks the first institutional funding round in the company's history, aimed at accelerating its expansion into tokenised securities, derivatives and other asset classes.
WTI’s pullback into $79–82 is the first major test of the bullish Elliott Wave count, with buyers targeting a renewed break above $85.
BitDelta Securities has secured a full CMA Category 5 licence in the UAE and opened a regulated office in Business Bay, Dubai. The firm operates as an introducing broker, connecting investors with licensed international brokers across multiple asset classes, with CEO Dr. Demetrios Zamboglou commenting on the milestone.
Index volatility is asleep while single stocks fight it out underneath, credit refuses to confirm the equity rally, and a bare macro calendar hands next week to oil.
Digital assets and FX brokerage GC Exchange FZE (GCEX) has appointed Mohammed A. Mulla as a Board Member of its Dubai-based entity, part of the wider GCEX Group.
Learn what Blockchain-as-a-Service is, how it works, and why businesses are using BaaS to build blockchain applications without managing infrastructure.
CFDs vs stocks compared on leverage, ownership, costs, dividends, taxes, and risk. Learn the differences between stocks and CFDs and discover which suits your investing or trading goals.