GPP has formed a joint venture with Edgefolio to provide a Capital Introduction service to its prime brokerage clients. Edgefolio’s platform connects investors and hedge funds, creating technology-driven solutions for a traditionally conservative and fragmented industry.
The US CFTC has issued an Order of Registration (Order) to Dubai Mercantile Exchange Limited (DME), a Foreign Board of Trade (FBOT) located in the Dubai International Financial Centre of the United Arab Emirates, allowing DME to provide its identified members or other participants located in the US with direct access to its electronic order entry and trade matching system.
Up until recently, machine intelligence could only be used by large sell-side institutions and sophisticated quantitative trading groups to improve how they operated in the marketplace. But as technology advances continue to push the depth and breadth of machine learning capabilities, it is allowing financial firms of all shapes and sizes to improve their compliance and trading capabilities.