Web Balancer and Web Manager tools seamlessly combine complex data streams and systems into a single process
Brings unrivalled performance, speed and scale to award-winning AMI platform
Manages access for thousands of users on a global 24/6 basis
New York, London, Singapore – 15 December 2021 – 3forge, a leader in real-time and historical data visualization technology and complex workflows, has expanded its product platform with an integrated web balancer and web manager. These platform additions ensures that there is no downtime of mission critical use cases. Furthermore, these new components work hand in hand to make sure that the platform is impervious to growing number of users and data.
3forge’s web balancer is fully integrated with their AMI web server, automatically routing and distributing users across multiple web servers and removing the need for third-party tools or multiple interface layers. The enhanced functionality of the AMI server, combined with the dynamic expansion of web nodes, delivers a platform that is able to scale the number of live streaming users.
Ideally suited to support the needs of 3forge’s Tier 1 Banking clients, who require both centralized and distributed capabilities for users across the globe, the latest web manager has centralized storage of both user preferences and dashboards. Business users now benefit from one platform through which all settings are collated, managed and maintained. Their core reference data can be configured in one place and accessed globally, removing previous data siloes and encouraging user self-sufficiency.
Robert Cooke, Founder and CTO, commented: “We are excited to deliver the web balancer and web manager applications, to support the global needs of our clients. These tools, combined with the newly enhanced webserver capabilities allows for global realtime deployments with thousands of end-users with unparalleled performance while reducing cost”
After two years of development and rigorous internal testing, Caduceus is excited to launch its public testing phase.
Caduceus Metaverse Protocol revolutionises work, entertainment and lifestyle
The Caduceus metaverse incorporates augmented reality, virtual reality, 3D holographic avatars, video, gaming and NFTs – it’s a hyper-real alternative world (complete with its own digital economic systems) that we can all co-exist in.
However, to fully engage with friends, family and colleagues in the metaverse space, the development of VR and AR technology such as immersive glasses, state-of-the-art networks and edge computing is key.
These enable a deeper level of engagement as users’ digital avatars connect with each other through work, travel and entertainment. Caduceus Metaverse Protocol enables users to be fully immersed in the experience, not just observing it. In addition, the Caduceus Creation Platform is a brand new virtual reality tool which enables users to enjoy seamless communication and collaboration along with cloud rendering and XR extended-reality technology.
Version 1.0.1 released on 12 December 2021
Ahead of the official main network launch, Caduceus Metaverse Protocol is releasing multi-stage network iterations on an invite-only basis to selected developers. They will be able to participate in the Caduceus network test environment, complete tasks and win high-value rewards, prizes and utilities.
On 12.12.2021 Caduceus Metaverse Protocol launched Version 1.0.1 for public testing. It’s an open blockchain platform for Metaverse and Digital Twins providing secure highspeed meta power for developers and users, and it represents a breakthrough in metaverse development. Caduceus revolutionises the use of a multi-level, distributed Metaverse Graph structure, with unlimited expansion and large-scale parallel processing capabilities beyond the data structure of ordinary blockchains. With BigBang’s programmable acceleration blockchain consensus system, StarRing’s transaction parallel execution engine and Nebula’s unlimited expansion of the block database, Caduceus is capable of maximum processing capacity in highly concurrent and complex environments. It will help end-users supplement local computing power, improve processing efficiency and reduce the risk of network delay and congestion by adopting an open platform close to the data source.
The Metaverse requires high synchronisation, low latency and rapid transmission of large amounts of data. Identity management, certificate storage, traceability, resistance from tampering and digital assets are indispensable parts of the Metaverse economic system, and Caduceus makes all of this accessible in the public chain, with the potential for it to become the core infrastructure of all future metaverses.
St Louis, MO – December 8, 2021 – Continuing the mission to be the most innovative, dynamic and trusted provider of market data and trading infrastructure to the financial services industry, Exegy Incorporated announced today the addition of two experienced industry leaders to its global sales organization.
Devry Ross joins Exegy as Global Head of Partners. In this pivotal role, Ross will take ownership of existing global partnerships and further engage with technology providers, outsourcers, data aggregators, consultancies, and system integrators to create new opportunities in multiple channels. “In today’s financial services industry, we must look to all avenues for providing value to our existing and prospective customers. Working closely with our partner ecosystem, Devry will ensure that we offer access to the best combination of Exegy solutions and partner capabilities while creating exciting opportunities to develop new offerings,” said Craig Schachter, Chief Revenue Officer for Exegy.
Ross comes to Exegy from Bizagi as Director of Partners and Alliances – North America where she developed and strengthened relationships for the past two years. Prior to joining Bizagi, Ross was the Strategic Partner and Alliance Director at Finastra. Ross has a B.S. in Electrical Engineering from Howard University and holds an MBA in Finance from New York University School of Business.
In addition, Jared Singer has joined Exegy as Head of Sales – Americas. “As we scale our business, it is important to bring talented and dynamic sales and account management leaders to build upon the great team we already have here at Exegy. Our focus is on putting our customers first in everything that we do. We must deepen our relationships with customers and prospects in order to help them achieve their goals. Jared has built his reputation on leading sales teams that directly engage with customers to ensure their success is a focal point,” commented Schachter.
Singer has many years of experience learning both the art and science of building trusted relationships and selling critical technology infrastructure to financial services companies. Singer has spent more than seven years at FIS where he served most recently as Vice President of Growth Accounts. He also held roles including Vice President, Head of Channel Sales as well as Program Manager, Global Sales Operations where he led sales teams and designed go-to-market strategies that aligned with evolving industry trends. Prior to FIS’ acquisition of SunGard, Singer spent three years as a Senior Sales Executive at SunGard, where he started his career in the finance sector as an intern. Singer holds a B.S. degree in Economics from the University of Vermont.
Both Ross and Singer will report to Schachter.
Further commenting on the new additions to the team, Schachter said, “I am excited to have both Devry and Jared join our team as their competencies and arrival will greatly enhance the relationships and support we provide to our partners and customers during this exciting chapter of Exegy’s global growth and transformation.”
Market-leading layer 1 infrastructure delivers lowest latency solutions
Reston, VA, Dec 2, 2021 – Transaction Network Services (TNS), a market leader in capital markets client and counterpart connectivity and the first to market with a Layer 1 network solution, has invested significantly in its backbone to provide high performance global connectivity for clients tapping the plethora of opportunities developing in Asia.
The TNS network boasts 247 regional financial community endpoints, including exchanges and data centers, which benefit from TNS’ low latency infrastructure. In total, coupled with the Layer 1 in-data center solution, the TNS global network now covers 11 countries and 23 exchanges in the region.
TNS has partnerships with key institutions including SGX, JPX and HKEX and this continued network deployment shows TNS’ commitment to its service development in the region. Asia is consistently proving to be a global engine for growth and the level of competition amongst exchanges is driving innovation. Of the top 20 exchanges in the world, 8 are now in Asia, making it a strategic necessity for traders.
“Asia provides significant opportunity and growth with fast developing as well as emerging markets for traders,” said Jeff Mezger, TNS’ Vice President of Product Management for its Financial Markets business. “We recognize the need to provide the quality of Asian connectivity, to match the present and future needs of clients. We have designed the network to have sufficient capacity to provide streaming of market data globally, with the ability to deliver APAC sourced market data to the US and Europe and vice versa,” Mezger continues.
TNS provides ultra-low latency access to the markets and market data through its Layer 1 technology, offering clients access to execution speeds up to 10 times faster than traditional layer 3 architectures. TNS Layer 1 is the first and most advanced global solution in the market, eradicating the need for multiple switches, using a simple, single hop architecture to deliver connectivity in as little as 5 to 85 nanoseconds.
Brokerages and trading clients both globally and regionally need the diversification offered by Asian financial instruments and TNS is focused on offering the best possible infrastructure to do this. TNS provides global connectivity and Layer 1 infrastructure solutions with a managed service which offers a more flexible and cost-effective option. Clients benefit from the local presence and support in all markets and the ability to lease hardware and obtain a level of access that meets actual requirements.
Each market within the Asia region is developing at its own rate, offering different trading opportunities, and operating with its own local nuances. Due to the flexible model and on the ground presence in all active markets, TNS is a single point of contact with the ability to offer locally focused advice to firms that are operating in Asia but still need a global perspective.
3forge selects Singapore to support Tier 1 global banking growth
Singapore, New York, London, 18th November 2021 – 3forge, a leader in real-time and historical data visualization technology and complex workflows, announced their expansion in Asia-Pacific today with the opening of a new Singapore office. Following last year’s London expansion, this new addition significantly increases 3forge’s global footprint.
Asia Pacific markets and businesses play an increasingly important role in the global economy and supply chains. This provides 3forge a spectrum of opportunities, enabling expansive technology investment and fostering innovation. The Singapore office will firmly establish 3forge’s Asia-Pacific sales and support presence and enable the team to continue to expand the client base across the globe. The firm is also launching a recruitment program across all offices to support continued growth.
Over 20% of global equities flows through 3forge’s software every day. Adding on-the-ground support in Asia, in combination with their existing US and European presence, enables 3forge to provide true 24 hour “follow the sun” support for their award-winning performance platform clients.
Robert Cooke, Founder and CTO, commented: “We are delighted that so many financial firms and other industry participants around the globe have adopted the 3forge platform” He continued “Establishing a local presence in Singapore allows us to provide our clients with the best possible service while enabling us to access new and exciting dynamic markets.”
GMEX MultiHub facilitates collaboration across major institutions, regulatory regimes and start-ups as a ‘multi-asset network of networks’ powered by Amazon Web Services (AWS)
LONDON – November 17, 2021— GMEX MultiHub Limited (GMEX), a new business unit of the GMEX Group, is pleased to announce the launch of Digital MultiHub (MultiHub). MultiHub is a global cloud-enabled trading and post-trade digital market infrastructure platform which facilitates 3rd party trading and post-trade services across traditional and digital asset markets. Delivered through a Platform-as-a-Service, microservices distribution model, MultiHub enables capital markets participants to gain simple access to regulated digital assets and market infrastructure.
Digital assets are becoming increasingly relevant in capital markets portfolios. According to recent research from Fidelity Digital Assets, 84% of US and European institutional investors are interested in purchasing institutional investment products that hold digital assets. However, a lack of standards, platform interoperability and time to market challenges remain across multiple blockchains and traditional infrastructure. MultiHub addresses this fragmentation, providing the growing global market of institutional participants with a faster and safe clearing and settlement solution for hybrid digital and traditional trading.
MultiHub provides global access to turnkey digital asset exchange, custody, and governance solutions. The platform facilitates credit allocation and checking, collateral management and margin trading, order routing, netting and settlement across multiple trading venues, custodians and participants.
To develop MultiHub, GMEX worked with AWS and with Luxoft as a development partner, to implement and deploy the MultiHub platform powered by AWS Cloud and core ledger technology. AWS and GMEX jointly developed the business case, and together created a go-to-market plan to help GMEX grow their business.
Other initial partners and customers include: Trustology, a UK FCA registered digital asset custodian incubated and backed by ConsenSys and also backed by Two Sigma Ventures; GCEX, a regulated UK based traditional and digital assets broker; SECDEX Group, a Seychelles licensed securities, commodities and derivatives exchange; and Arabian Bourse, an Abu Dhabi Global Market based crypto asset exchange and custodian. They are all part of a continuously expanding capital markets infrastructure ecosystem of partners, backers, and customers. These companies provide access to some of the fastest growing regulated digital asset markets and regions.
GMEX chose to build MultiHub on AWS Cloud so that it could benefit from a diverse array of tools and harness reliable, scalable and highly secure infrastructure. Using AWS also ensures that the solution is flexible, easy to access and cost effective.
GMEX Group CEO, Hirander Misra commented: “MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both industries, which negates the need to integrate across venues. This complements our mission to cost-effectively drive the accelerated institutional take-up of digital assets by making it easier to trade, clear, settle and pledge them alongside traditional assets, heralding the new age of Exchange 4.0.”
“This marks a significant move in capital markets. The GMEX MultiHub will drive digital transformation within the space and at the same time allows for accelerated execution and custody for institutional players as they get into or scale their digital assets activity”, said Alex Batlin, Founder & CEO of London-based digital assets custodian Trustology, which has brought its scalable on-chain and on-exchange capabilities to GMEX MultiHub on AWS Marketplace.
Lars Holst, CEO of GCEX, a digital assets broker, added, “I am now able to have a broader range of customers access our execution capabilities more efficiently and am able to convert that gain in velocity to an increase in liquidity confidence for our partners and their customers within the GMEX MultiHub community.”
Anoop Nannra, Global Blockchain Lead at AWS, commented: “The portability of digital assets has become an increasing challenge impacting trading and volumes.” He added, “GMEX MultiHub makes it easier for customers to access, trade and settle digital assets with a reduced carbon footprint, compared to trades that use the blockchain. This is because digital assets can be pledged by custodians without moving onto a blockchain. That alone means that the carbon created by the trade is far reduced when compared to trades that use the blockchain which is compute intensive.”
Hugh Richards, MD, Products & Solutions, Luxoft, added: “As institutions increasingly adopt digital assets as part of their digital transformation agenda, the need for hybrid (both traditional and digital) settlement and custody solutions is required to simplify this adoption. Luxoft is pleased to be the development support partner for GMEX MultiHub, responding to the increasing demand for such decentralised trading solutions.”
GMEX Digital Multi-Hub will be globally available via AWS Marketplace (an online software store that helps customers find, buy, and immediately start using the software and services that run on AWS), with plans to broaden regional coverage to meet the needs of different jurisdictions. For more information, please visit https://www.gmex-group.com/multihub-digital-market-infrastructure-platform/
St. Louis, Missouri, November 16, 2021
The merger of Exegy Incorporated and Vela Trading Systems, financially backed by Marlin Equity Partners and announced in May, has reached a key point in the combination of the companies. With the development of the “new” Exegy advancing, the company announced today additions to its Integration Management team including the appointment of David (“Dave”) Foster to the leadership team as Chief Financial Officer.
Foster comes to Exegy with over 30 years of accounting and financial experience representing a wide variety of vertical industries and ownership structures. In his most recent role within the FinTech space at Giact Systems (a Refinitiv company), Foster led and managed all the finance and accounting functions of this PE-backed company focusing on driving overall growth through strategic planning and increasing operational efficiencies, ultimately leading to a successful exit.
Foster brings a number of core competencies to Exegy including the pre-IPO, merger/acquisition and divestiture processes, and the associated follow-on integration activities that are centered around the alignment of strategic goals and their respective metrics.
Foster has an MBA in Finance, Marketing, and International Business from Northwestern University, Kellogg School of Management, and presently resides in McKinney, Texas a suburb of the Dallas–Fort Worth metroplex.
In parallel, Exegy also announced the departure of Jen Nayar (previous CEO of Vela Trading Systems), who has served as Exegy’s Chief Integration Officer. Since the commencement of the merger Nayar, working with Exegy’s CEO Jim O’Donnell and the leadership team, has been responsible for charting and monitoring the progress of the company’s integration efforts.
O’Donnell stated, “Jen has been a valued business partner and sounding board throughout the merger and integration process for the entire leadership team. Jen had previously conveyed her intentions to me to depart with the goal of spending more time with her family, and to evaluate and determine the next chapter of what has been a stellar career in the Financial Technology industry. Jen’s experience, insights, and influence have been instrumental in the positive progression of the merger. I thank her for the guidance she has provided throughout the process and her overall friendship that I look forward to maintaining.”
To provide both near- and long-term consistency in the critical role of the Chief Integration Officer, and to help shape the ongoing responsibilities and growth objectives of the integration office well into the future, Krista Steward has been named to the position of Chief Integration Officer. Steward’s previous tenure as Chief Financial Officer at Exegy has equipped her with a broad working knowledge of the organization that will serve as a vital springboard in continuing the integration process. In addition, Steward will aid in the going forward definition of the integration position and its capacity, as it will be a key stakeholder role as future merger and acquisition opportunities are presented.
In closing, O’Donnell conveyed, “While we welcome Krista and Dave to their newly appointed responsibilities, the leadership joins me in thanking Jen for her many contributions to the company and for her continued success in future endeavors. I am confident these organizational moves will further bolster our mission to be the most innovative, dynamic, and trusted provider of market data and trading infrastructure to the financial services industry. “
Partnership will consolidate all issued products and their liquidity across the fragmented landscape
09 November, 2021: London / Zurich – big xyt, the independent provider of smart data and analytics solutions to the global trading and investment community, is pleased to announce its partnership with ETFbook, a leading ETF information and analytics platform, to provide daily fund data for their Liquidity Cockpit for ETFs solution.
big xyt’s Liquidity Cockpit for ETFs solution provides a consolidated view of security metrics for global exchange traded funds (ETFs), derived from multiple sources, encapsulating national regulated trading venues, multilateral trading facilities (MTFs) including Request for Quote (RFQ) volume, and OTC/SI reported transactions, all disseminated through a single, standardised data feed.
This partnership provides granularity of the fund classification along multiple dimensions making it easier to identify available products across any segment or exposure. Combined with additional insights regarding tradability across virtually all European venues, investors get a more holistic picture on the full set of investment options.
Robin Mess, CEO and Co-founder of big xyt, commented: “Navigating these fragmented ETF markets remains a challenge for participants needing easily digestible information on available products with independent trading analysis and this partnership with ETFbook has enabled us to provide a unique insight into both primary and secondary market liquidity.”
Pawel Janus, PhD, CEO and Co-Founder of ETFbook said: “Pawel Janus, PhD, CEO and Co-Founder of ETFbook said: “We are very pleased to partner with big xyt on their ETF solutions. The ETF/ETP landscape evolves very rapidly in Europe with new products and new issuers, as well as with new asset classes such as cryptocurrencies, being launched all the time. Leveraging our expertise in classifying fund exposures and capturing primary activities enables big xyt to offer a unique service and great value add to the European ETF trading community.”
London, November 2, 2021 – Transaction Network Services (TNS) has invested significantly in its European backbone and data solutions in 2021, offering expanded market data from all major European equities exchanges and ultra-low latency TNS Layer 1 in-datacentre architecture connected to TNS’ points-of-presence (PoPs) across Europe.
The organisation enhanced its already extensive market data portfolio adding Wiener Boerse AG, which operates the stock exchanges in Vienna and Prague. TNS is also working with Deutsche Börse to provide access to Eurex and Xetra market data for non-member organizations, leveraging its established presence at the datacentre in Frankfurt.
“This strengthening of our European backbone is part of our commitment to provide premium infrastructure-as-a-service (laaS) across Europe,” comments Alastair Watson, Managing Director of TNS’ EMEA Financial Markets business. “Access to streaming market data globally is critical to the operations of financial firms. Coupled with our proven, reliable, low latency technology, we can deliver data in an efficient and cost-effective manner. This provides a far less complex alternative to firms sourcing and maintaining their own dedicated exchange connectivity for data sourcing.”
Eurex is a leading derivatives exchange for futures and options, while Xetra is the exchange for German institutional organisations and the premier ETF trading venue in Europe. In Vienna, Wiener Boerse AG operates at one of the oldest exchanges in the world. These additions complement TNS’ existing European equities data portfolio which includes Cboe Europe, Euronext, Aquis, LSE and SIX Swiss, among others.
The TNS infrastructure brings together over 2,800 financial community endpoints to address the needs of financial market participants worldwide. TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its laaS portfolio.
Traders using the company’s Managed Hosting solution benefit from TNS’ global point-of-presence footprint and extensive existing on-net connections, which include uninterrupted access to more than 100 exchanges with local, physical support around the globe. Additionally, real-time monitoring is provided by TNS’ Network Operation Centres in the UK, US and Australia.
World’s first tier one Bitcoin ETF becomes a part of the Nukkleus family
Launching Nukkleus digital finance into regulated exchange-traded crypto assets
Jacobi Asset Management will further its mission to offer safe and secure investment opportunities presented by the digital economy
New York, October 21, 2021: Crypto payments specialist Nukkleus Inc (OTC: NUKK), formally acquires a 5% interest (for an eight figure sum) in Jacobi Asset Management Limited (Jacobi), a company focused on digital asset management that has received regulatory approval to launch the world’s first tier one Bitcoin ETF. Jacobi brings together decades of expertise from Banking, Regulation, and Fintech to shape the future of digital asset management by designing, issuing and managing institutional crypto products and funds connected to digital assets.
Given its experience in the crypto industry, Nukkleus’ leadership team recognize the opportunity presented by having a stake in the future of digital asset management. Jacobi is spearheaded by Nukkleus COO Jamie Khurshid, former Goldman Sachs leader and veteran of financial markets regulation.
Nukkleus CEO Emil Assentato said: “Jacobi Asset Management is leading the way towards greater mainstream investment in Bitcoin in a way that is safe, secure and familiar to institutional investors. Given our belief in the promising future for digital assets and our faith in Jamie Khurshid’s track record, taking a share in Jacobi is a logical and positive next step for Nukkleus.”
Emil’s career spans over 30 years of Wall Street leadership with a passion for pioneering new financial models, including as a founding shareholder of FXDD in 2002.
Custody provided by Fidelity Digital AssetsSM
Authorised by the Guernsey Financial Services Commission (GFSC)
Administrators: Sigma Asset Management (Guernsey) Limited
Fund Architecture/Consultancy: Midshore Consulting Limited
London, October, 2021
Jacobi Asset Management has received approval to launch the world’s first tier one Bitcoin ETF. The Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument, authorised by the Guernsey Financial Services Commission (GFSC) and with custody provided by Fidelity Digital AssetsSM. It is Jacobi’s intention to list the Jacobi Bitcoin ETF on Cboe Europe, one of the largest pan-European equity exchanges, subject to Financial Conduct Authority (FCA) listing approval.
Launched in May 2021 to shape the future of digital asset management, Jacobi brings together decades of expertise from Banking, Regulation, and Fintech to shape the future of digital asset management by designing, issuing and managing institutional crypto products and funds connected to digital assets.
Jacobi is spearheaded by CEO Jamie Khurshid, a former Goldman Sachs investment banker and pioneer of regulatory transparency in financial markets. Jamie was named by Financial News as one of the top 40 under 40 in European trading and technology and ranked in the ‘Exchange invest’ Top 1000 most influential people in global financial markets. He has appointed a team with extensive financial services, regulatory and crypto asset expertise.
CEO Jamie Khurshid said: “We are excited to be launching a new secure, transparent and accessible product to track the performance of Bitcoin. We are de-risking investments in crypto by removing the technology risk associated with the physical asset and the counterparty risk associated with traditional funds or tracker products that are unregulated leveraged debt instruments. We are proud to collaborate with Europe’s leading regulated firms for a truly tier 1 offering to service market demand, subject to the necessary regulated approval. This is an exciting moment for Europe as regulatory approval comes ahead of those waiting for a decision from the U.S. Securities and Exchange Commission.”
“The Jacobi Bitcoin ETF will finally bring digital assets wholly into the mainstream investment infrastructure with the support of the leading firms we are working with. It will provide investors with the opportunity to participate directly in physically-settled Bitcoin. This new ETF provides simple, secure, accessible investing into one of the world’s most exciting asset classes via some of the world’s leading regulated entities,” commented Roy McGregor, Chairman of Jacobi Asset Management and former CEO of Credit Suisse Channel Islands.
Jacobi Bitcoin ETF investors will benefit from the security of Fidelity Digital Assets’ enterprise-grade custody and execution services, designed to enable institutional investors to safely secure, trade and support investments in digital assets. Chris Tyrer, Head of Fidelity Digital AssetsSM in Europe, commented: “Greater diversity of investor interest has created significant demand for additional vehicles for exposure to help provide broader access to digital asset markets. While safekeeping of assets is a top priority for investors and asset managers in all asset classes, the highly technical nature of digital assets places even more emphasis on this and underscores the need for institutional-grade custody solutions like ours.”
The Jacobi Bitcoin ETF was developed to meet regulatory standards by Christopher Jehan, Head of Fund Architecture and former Chair of the Guernsey Investment & Funds Association (GIFA). Christopher led the team at Midshore Consulting in designing the Fund with legal work performed by Collas Crill led by Partner Wayne Atkinson and Senior Associate Gareth Morgan.
Prior to FCA listing approval, Jacobi Bitcoin ETF investments will be facilitated through Sigma Asset Management (Guernsey) Limited (“Sigma”), the fund manager providing management and administration. Fund consultancy support will continue through Midshore Consulting.
London, 14 October 2021: The Digital Pound Foundation has been launched today by a core group of founding members as an independent forum to support the implementation of a well-designed digital Pound and digital money ecosystem.
The Foundation believes that a digital Pound will underpin the UK’s transition to an innovative, inclusive digital economy and society. If the UK is to maintain its globally-competitive lead in fintech and financial innovation, it needs to create a digital Pound, and a healthy ecosystem for digital money. Research from the Bank for International Settlements shows that 10% of central banks surveyed representing 20% of the world’s population are likely to issue a Central Bank Digital Currency (CBDC) for the general public in the next three years or less.
CBDCs and other new forms of digital money can leverage frontier technologies for development of features such as programmable money, more inclusive payments services, and more robust and resilient payments infrastructure, enabling the UK’s transition to a digital economy. The Foundation will draw on the expertise & practical experience of its members to conduct research, advocacy, ‘hands on’ exploratory projects and multi-stakeholder collaboration in the design, development, implementation and roll-out of a digital Pound as a means of securing the UK’s place in the emerging global digital landscape.
Recognising that both public and private sector have a role to play in the new digital money landscape, the Foundation’s remit will include advocacy for an inclusive, well-regulated, secure and transparent ecosystem that encompasses both CBDCs and privately-issued forms of digital money.
Originating members of the group include: Jeremy Wilson, Jannah Patchay, Lee Schneider (Ava Labs), Victoria Thompson, Phil Kenworthy, Jim Ford and Melanie Budden. Foundation and Associate members include Accenture, Avalanche, Billon Group, CGI Group, Electroneum, Quant and Ripple. Partners include Herbert Smith Freehills and The Realization Group.
In addition to its research and policy activities, the Foundation will also act as a hub to collate and share a comprehensive set of resources about the progress towards a digital Pound and movements towards the creation of other CBDCs globally.
Commenting on the launch, Digital Pound Foundation Chairman Jeremy Wilson, said: “Technology is transforming human interaction and money must adapt to that. The world has become a global laboratory realising the benefits of a new form of money. The social ramifications of this shift will affect everyone. The Digital Pound Foundation seeks to support the UK in bringing that about for the benefit of all”.
London and Berlin, 12th October, 2021: Chronicle Software (Chronicle), a specialist provider of low-latency technology solutions for the financial services and other industries, today announced that innovative Berlin-based AdTech firm Kayzen, the first mobile in-house bidder, has adopted its new Enterprise Map Solution.
Kayzen’s demand-supply platform negotiates with providers, via an ad-enabled app, and uses anonymised user profiles to determine which ad content to display. Kayzen enables mobile advertisers and their technology partners to run mobile programmatic in-house, helping to democratise programmatic marketing.
Chronicle Software has been used across many industries including payments, IOT and gaming. Its ability to move and process large amounts of data quickly and efficiently means that it is well placed to help companies within the AdTech sector.
Chronicle Map Enterprise builds on Chronicle’s open-source product, Chronicle Map, and enables Maps to be distributed over a replicated cluster of networked hosts, providing a platform for both High Availability and Disaster Recovery (HA/DR).
Kayzen’s core on-demand criteria-matching is built on a collection of approximately 5 billion user profiles stored in Chronicle Map. The service currently handles over 100 billion daily ad requests, with around a million updates per second.
After a preliminary proof-of-concept using open-source Chronicle Map, Kayzen migrated to Map Enterprise in order to provide a fully replicated and distributed HA/DR platform, with the data shared across multiple hosts in various locations.
As part of this integration Chronicle worked closely with Kayzen to review existing capacity, replication, and distribution controls within Map, and changes were made to provide effectively unlimited capacity.
Peter Lawrey, CEO of Chronicle Software, said “AdTech is a fast-growing part of our portfolio of clients, and we are delighted that Kayzen has adopted our new Enterprise Map solution to support their growing business”.
Servesh Jain, Kayzen CTO added: “Integrating Chronicle’s new Enterprise Map solution into our platform has enabled us to increase the volume of ad requests and the speed at which they are handled. We are now able to store additional user data and reach a greater number of clients faster, supporting the continuing growth of our business.”
Managed hosting solution delivering lowest latency trading services
London, October 5, 2021 – Transaction Network Services (TNS) is expanding its Managed Hosting solution to enable firms wanting to co-locate and directly access the Euronext exchange matching engine to seamlessly move trading operations from Basildon to Bergamo.
Euronext is planning to migrate its primary datacentre and related colocation services to the Aruba Global Datacentre IT3 in Bergamo, Italy in Q2, 2022, with TNS securing infrastructure capacity in the new site. As with TNS’ other global colocation sites, TNS will leverage its Layer 1 switching solution to deliver ultra-low latency mutualised market access while also deploying the lowest latency network connectivity to bring Bergamo onto its global network.
“Relocating from Basildon to Bergamo with TNS will allow traders to focus on their core business, safe in the knowledge that they can experience uninterrupted, seamless trading from day one of the switch over,” said Jeff Mezger, TNS’ Vice President of Product Management. “We will provide a full suite of low latency services, including order routing, market data access, and the procuring, installing and management of trading infrastructure.
“Accessing IT3 through TNS is cost effective for traders, as it avoids having to research, acquire and maintain their own exchange connections, datacentre space and equipment,” added Mezger. “We can deliver a lower total cost of ownership, with clients benefitting from TNS’ cost efficiencies, rack-optimised cabling and design. We offer differentiated services to help all traders effortlessly make the move, from small firms requiring a partial rack, to international banks requiring multiple contiguous cabinets.”
TNS’ Managed Hosting solution utilises the company’s ultra-low latency Layer 1 technology inside the datacentre. This enables firms to access execution speeds that are 10 times faster than traditional layer 3 architectures. TNS Layer 1 was the first of its kind and remains the most advanced solution in the market, eradicating the need for multiple switches by using a simple, single hop architecture to deliver connectivity in as little as 5 to 85 nanoseconds.
The TNS infrastructure brings together over 2,800 financial community endpoints to address the needs of financial market participants worldwide. TNS offers a range of connectivity, colocation, cloud, market data and VPN solutions within its Infrastructure as a Service (laaS) portfolio.
Traders using the company’s Managed Hosting solution benefit from TNS’ global point-of-presence footprint and extensive existing on-net connections, which includes uninterrupted access to more than 60 exchanges with local, physical support around the globe. Additionally, real-time monitoring is provided by TNS’ Network Operation Centres in the UK, US and Australia.
Appointment of Gilles Meyruey increases big xyt footprint in the region
23 September, 2021: Paris, London: big xyt, the independent provider of smart data and analytics solutions to the global trading and investment community, is pleased to announce Gilles Meyruey has joined their executive team as Head of Business Development (Continental Europe).
Gilles’ 35-year career in Europe covers senior positions in equities, derivatives, and bonds trading, execution services management and client management for leading firms including Société Générale Corporate and Investment Banking (SGCIB), Dexia Securities France, Exane and Deutsche Bank.
Gilles Meyruey commented, “I’m excited to join the talented and highly skilled team at big xyt. I have been watching their success in Europe over the past few years with great interest and have been impressed as their security analytics and execution analytics solutions have evolved and been adopted by global firms including leading exchanges, Tier 1 banks and buy-side clients. I’m looking forward to further driving expansion in Continental Europe and introducing our unique solutions to firms in the region.”
Robin Mess, CEO and Co-founder of big xyt, said “I’m pleased to welcome Gilles to our global leadership team, which covers EMEA, the Americas and Asia Pacific. The combination of Gilles’ experience with big xyt’s expanding portfolio of analytics solutions will be of tremendous value to the financial services industry, and will enable us to accelerate our growth and to develop our global capabilities across asset classes in partnership with our clients.”
Navigating fragmented markets remains a challenge for participants needing easily digestible information on trading analysis. The big xyt data analytics platform responds to these market challenges, and provides clients access to independent, accurate and transparent results, transforming their trading performance and analysis, and reducing the complexity and costs of their technology and operational requirements.
Successful implementation provides exchange with independent data analytics to further enhance market quality and performance reporting
London, 15 September 2021: big xyt, the independent provider of smart data and analytics solutions to the global trading and investment community, is pleased to announce that Equiduct, the pan-European equities and ETFs exchange, has implemented big xyt’s Liquidity Cockpit to gain new insights into the pan-European liquidity landscape and the quality of execution achieved via Equiduct’s Apex service.
The project implementation was recently completed and already Equiduct are seeing the benefits. big xyt’s completely independent data analytics enables Equiduct to showcase the unique strengths of their market model, where they can demonstrate better and deeper liquidity, as well as monitor the performance of the market and ultimately continue to improve their value proposition.
The project scope included the delivery of the Liquidity Cockpit, big xyt’s flagship product for security analytics, which provides an independent, consolidated view of trading activity to reflect the ongoing changes of market structure, along with an additional nine customised metrics.
Matt Stupple, CTO at Equiduct, commented: “The quality and breadth of the Liquidity Cockpit data analytics platform, along with the industry expertise and support they provide, has meant that we are using independent data to better understand the pan-European market landscape in which we operate. These insights enable us to demonstrate our competitive edge in a more pragmatic way, giving direct proof points to our clients and helping us attract more business to our trading venue.”
Richard Hills, Head of Client Engagement at big xyt, said: “We’re pleased to add Equiduct onto our growing list of international exchange clients, which is continued evidence of the market’s need for innovative data analytics solutions to deliver tangible benefits for the industry. Banks, asset managers, exchanges and market participants across the globe consistently rely on big xyt as an independent reference for equity market structure, illustrating our ability to deliver a strong and transparent platform to our clients.”
Proven as only choice for high-volume institutional client flow
Unique infrastructure gives first mover advantage for institutional business
Adds another significant high volume business to its pipeline
New York, September 14, 2021: Nukkleus Inc (OTC: NUKK) has partnered with Monogram Network, a leading public ledger blockchain, supporting the issuance of their MG Token. This exclusive partnership via crypto firm Digital RFQ Limited is another step forward in providing institutional investors with the security they need to enter the crypto market and benefit from the performance of digital assets and crypto payments.
The MG Token represents an interest in appreciating global assets with plans to expand into renewable energy and real estate. Investors will be able to leverage the Monogram Network with immutable logging, tracking, and tracing of maturing real world assets. The token will be facilitated through Digital RFQ, ensuring all payouts are made to MG Token holders in a highly secure and efficient manner.
Whilst crypto has gained momentum in unregulated retail markets over the past decade, institutional investors have faced numerous risk, technology and banking infrastructure barriers. Digital RFQ’s services overcome these hurdles, representing the only UK institutional focused crypto firm that is registered with the Financial Conduct Authority (FCA) for the handling of client money.
“From the outset, Digital RFQ’s strategy has been to service institutional clients only. For that reason we spent years establishing the appropriate infrastructure and regulated fiat capabilities to support institutional size volume for cross border payments, all the time, addressing the risks associated with cryptocurrencies. Today that hard work is paying off with corporate client contracts being signed with prestigious firms like Monogram. With our client volumes increasing through partnerships like Monogram, we will naturally start considering our options to uplist and entertain acquisition opportunities that strengthen and extend our crypto footprint globally” commented Jamie Khurshid, COO, Nukkleus.
Monogram CEO Debra Domeyer said: “We are delighted to be working with the team at Digital RFQ to facilitate our Monogram Token payments. Unlike other crypto platforms focused on small retail flow, the team at Digital RFQ, with their backgrounds in tier one investment banks and brokers, clearly understand what it takes to securely move and settle the sort of volumes we need for our investments. This is an unmatched service in institutional crypto.”
Match Financial, recently acquired by Nukkleus, operates six crypto product lines through Digital RFQ. The Monogram partnership benefits from the second and third product outlined below:
- NFT: Partnering with leading UK auction houses for 24-hour auction price-fixing to safely sell high end digital art with the real world physical assets of our tier one customers.
- Fiat to Crypto: Acquiring cryptocurrencies, DeFi and securities token investments with deep liquidity through partnerships with global exchanges and brokers.
- Crypto to fiat: Offering UK FCA regulated fiat gateways and a full suite of global institutional crypto banking services with capacity that exceeds $50m daily.
- Card Payments: Providing multi-currency and multi-token wallet management for a convertible crypto debit card at any point of sale using MasterCard and Visa.
- Remittance: Facilitating cross-border fiat-to-fiat payments, completed within 30-60 minutes using our unique crypto rails that deliver an incredibly efficient, superior and cost-effective alternative.
- NGO Services: Fulfilling social responsibility by providing humanitarian aid and disaster relief.
For further information: https://digitalrfq.com/
London 8 September 2021: Greengage today announced that it has received a second institutional investment, in addition to its recent £2.5m investment from IOVLabs.
Aquis-listed Blockchain and Open Finance venture builder, Coinsilium Group Limited (“Coinsilium”) has invested £200K in convertible notes and taken £300k equity in a secondary stake sale at a £27.3m valuation for Greengage’s business. The transaction has been conducted via Coinsilium’s wholly owned Gibraltar registered subsidiary, Seedcoin Limited (“Seedcoin”).
Commenting on the agreement, Greengage CEO, Sean Kiernan said: “We are thrilled to have a further Gibraltar-based institution investing in Greengage. Our expansion demonstrates the growth of the jurisdiction as a thriving crypto-hub and a great place to invest, do business and grow. We look forward to exploring together the development of a suite of regulatory-compliant decentralised finance (DeFi) solutions”.
Greengage is also exploring engagement in a research project looking at opportunities surrounding DeFi within a regulatory perimeter. It is looking into working with a consortium of industry participants to develop a set of proposed standards for regulated DeFi participants. While Greengage does not have any active direct involvement in DeFi products at present it is interested in exploring the potential offered by this space as the market matures. Upon completion of the Transaction, it is the vision of both parties to explore entering into strategic relationships with the objective of pursuing opportunities to develop new services and products aligned with regulatory compliant decentralised Finance (De-Fi) solutions.
Malcolm Palle, Executive Chairman of Coinsilium, said: “We are delighted to support Greengage in its mission to expand banking and lending opportunities to cryptocurrency and crypto-asset companies, and more broadly SMEs. Our investment in the business provides us with an opportunity to access best-in-class industry experts who are pioneering the future of digital assets”.