Solutions
Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m.
The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model.
“In the finance world, arbitrage is commonly known as the practice of taking advantage of a price difference between two or more markets,” said John Indelicato and Anthony Tuozzo, creators of the software. “Essentially what our software does is automates this process through the use of advanced sophisticated algorithms.”
Russell Armstrong, chief executive and managing director of Crescent Financial Partners adds: “We believe this algorithm is
Ridgemont Equity Partners, a middle market buyout and growth equity firm, has signed a definitive agreement for a majority investment in Unite Private Networks, a provider of high-bandwidth, fibre-based communications networks.
The financial terms of the transaction were not disclosed.
Unite Private Networks specialises in providing high-capacity data communications networks and related services to schools, government, carriers, data centres and enterprise business customers. It currently provides service in 12 states, primarily in the Midwest US.
“Our partnership with Ridgemont will help ensure that UPN has continued access to capital for growth and provide broader access to strategic and financial resources.
Telepo, an enabler of enterprise communication and collaboration software platforms, has secured EUR10m in its B round funding from Investor Growth Capital and existing investor Accel Partners.
It is the biggest software investment this year in the Nordics. Mikael Johnsson, vice president at Investor Growth Capital, will join Telepo’s board of directors.
Telepo will use the funding to fuel geographical expansion and to strengthen the breadth and depth of the Telepo Business Communication Solution.
Telepo chief executive Lars Wahlstrom says: "Telepo has been very successful from its start in 2004. Today, our innovative software enables 16 service providers in five
Peak Ridge Capital’s venture capital funds, the Avolte Venture Partners Midwest Fund, has made an investment in New River Technologies, a Wisconsin-based technology company that allows financial institutions to aggregate demand for purchased items.
New River develops a web-based software transaction platform that helps financial institutions, specifically banks, aggregate demand for items such as office products or collector coins, reducing cost and providing the power to allocate resources at the branch level.
In addition, those items, and any products sold through their branches, are inventoried and tracked to their customers.
Currently, many banks use basic spreadsheets and other low-tech methods
Research and consulting firm Carbon360 has launched the Fund Administration Market, a service designed to aid fund managers with the selection of fund administrators.
The free service matches fund managers with the best-qualified administrators for their needs.
It also aims to reduce the cost of search and implementation, and minimise the noise made during a typical selection process.
Upon registration, managers are requested to complete one service worksheet listing their requirements and preferences regarding administration services. The Carbon360 team then identifies the most compatible administrators using their knowledge of the fund administration industry.
All participating administrators, currently numbering over 30,
Advent Software, a provider of software and services for the investment management industry, is making Capital IQ and Tamale RMS data available via a single dashboard view.
The new dashboard combines fundamental and quantitative company data, offered by Standard & Poor’s Capital IQ, with the investment firm’s own proprietary research data through Tamale RMS.
The integration aims to help investment professionals to more effectively analyse companies across sectors, industries, portfolios and watch lists to quickly focus on investment opportunities with the highest potential return.
The Capital IQ platform is a web and Excel-based research product that combines information on companies,
Jive Software, a social business software provider, has closed USD30m in series C financing.
Kleiner Perkins Caufield & Byers led the investment, with continued participation from Sequoia Capital, the only venture investor in Jive up until now.
Ted Schlein (pictured), managing partner at Kleiner Perkins, will join Jive’s board of directors.
"Social business is the most important enterprise software category in a decade," says Schlein. "Jive is the clear market leader, with a strong customer base, best-in-class technology and a deep management team. Jive is poised to become the next great enterprise software company."
"We are thrilled to have Ted
SS&C Technologies, a provider of financial services software and software-enabled services, has launched Risk Analytics, an independent investment risk analysis solution for hedge funds, fund of funds, private equity funds and managed accounts.
The new risk management tools, fully integrated with SS&C’s proprietary accounting and derivatives platform, provide SS&C’s clients daily and monthly risk reporting as part of SS&C’s middle and back office fund administration services.
Risk Analytics is also available as an in-house solution.
"Fund managers and administrators continue to be challenged to manage risk, reduce costs and grow with transparency and control," says Bill Stone, chairman and chief
NYSE Euronext has launched a London-based securities market, NYSE Euronext London, aimed at attracting international issuers looking to list in London.
NYSE Euronext London is complementary to NYSE Euronext’s other European securities markets and will enhance the visibility and prominence of its Continental Europe listing and trading venues.
Dominique Cerutti, president and deputy chief executive of NYSE Euronext, says: “This is a natural next step in NYSE Euronext’s evolution and a logical extension of our European cash markets. NYSE Euronext London combines the strength and visibility of our global brand and our leadership position in European cash markets with NYSE
Hermes Fund Managers, an asset manager offering investment solutions for institutional clients, has selected client communications specialists Equipos to deliver its enterprise-wide client reporting infrastructure.
Hermes will use Equipos Coric to automate the production of client reports and streamline client communications.
The Coric suite enables end-to-end management of the client reporting process while providing dashboard control and workflow automation. Coric puts control of the reporting process into the hands of the client servicing team, enabling rapid response to ever-changing client reporting requirements.
Philip Keeler, executive director – operations and IT at Hermes Fund Managers, says: "When looking for a comprehensive
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12 November, 2026 – 8:00 am
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