News Nuggets | 29 March: OpenFin Adds Dow Jones; Quantile Taps SwapAgent FX

BitKeep Starts Rebranding, to Change Name to Bitget Wallet

BitKeep, a week after receiving a $30 million investment from cryptocurrency Bitget, has unveiled its roadmap for this year. This includes “revamping the brand, restructuring the management team and strengthening the overall security system,” the non-custodial cryptocurrency wallet platform announced through Twitter on Wednesday.

As part of the plan, BitKeep says it intends to change its name to Bitget Wallet. The wallet provider also intends to elevate Karry Cheung, its current Chief Product Officer to the position of CEO, taking over from Kevin Como, one of the wallet’s Co-Founders, who currently holds the position.

Broadridge, SDC Enhance Nordic Voting

Broadridge Financial Solutions has signed an agreement with SDC to provide its digital voting solutions to SDC's customers. Broadridge's solutions will help banks in Scandinavia to improve corporate governance and investor engagement using the latest API- and blockchain-based technologies.

SDC is the primary supplier of banking systems to over 100 banks in the Nordic region. Collaborating with Broadridge will enable them to meet regulatory requirements and support their customers.

"SDC is the main supplier of banking systems to more than 100 banks in the Nordic region and, therefore, it is of great importance that we can provide the system support that enables our banks to meet compliance requirements," Hilde Seljom, the Department Director at SDC, said.

Colt, Equinix Expand Singapore, Hong Kong Partnership

Colt Technology Services, a digital infrastructure company, is expanding its collaboration with Equinix, a digital infrastructure company, to provide businesses access to Colt's On Demand infrastructure interconnecting with Equinix Fabric in Singapore and Hong Kong.

This extends their commitment to a global partner ecosystem and meets growing demand across key regions. The Colt On Demand network seamlessly interconnects with Equinix Fabric, offering businesses flexibility and visibility of their infrastructure to succeed in the global digital world.

With Colt On Demand Interconnect, organizations can easily connect in near real-time to their own premises, delivering complex digital transformation programs with a flexible, resilient consumption-based infrastructure as a foundation, and accelerating their shift to the cloud while supporting ESG initiatives.

FX Broker to Offer GameFi and DeFi Features

Fxbox.io has unveiled its innovative trading platform for forex and crypto traders. The platform offers advanced trading tools, real-time quotes, and customizable charting tools, among other features.

Additionally, it is the first forex broker to offer crypto DeFi and GameFi features. Fxbox.io's platform has a user-friendly interface and advanced functionality, enabling traders to access the markets seamlessly across desktop, web, and mobile devices. The company also provides traders with educational resources, market analysis, and customer support.

OpenFin Adds Real-Time News from Dow Jones

OpenFin, an enterprise productivity operating system, partnered with Dow Jones to integrate news, insights and analysis into desktop solutions. It will allow financial firms and professional subscribers of OpenFin to directly access Dow Jones Newswires.

OpenFin's COO and CEO Europe, Adam Toms, said: "Dow Jones is one of the world’s largest and most respected providers of market-moving news and insights. With this new collaboration, Dow Jones Newswires can be embedded in an end user’s workflow, fully integrated with all the other apps they use."

Nasdaq to Launch Auction Model for Illiquid Shares

Nasdaq has announced a new auction-based model for less liquid shares listed on Nasdaq's First North Growth Market. The new model is scheduled for a January 2024 launch, which is expected to enhance market integrity and investor protection.

Nasdaq First North Growth Market has been in operation for the past 15 years but still faces liquidity challenges in the Nordic markets. The new auction-based model is supposed to ensure market safety as in times of wide spreads, even small orders move the markets dramatically.

Quantile Adds SwapAgent FX Forwards

Quantile, a portfolio optimization service provider, added support for SwapAgent FX Forwards to enhance its counterparty risk optimization service for FX. According to the company, it will simplify optimization hedge proposals, making the booking process more efficient.

"At Quantile we are continually looking for ways to enhance our multilateral services to make post trade risk reduction more efficient. Adding SwapAgent FX Forwards to our counterparty risk optimization runs significantly enhances the service operationally, as well as reducing risk and capital requirements across the network," said Andrew Williams, the CEO of Quantile.

Cboe Australia Completes Technology Migration

Cboe Global Markets announced the migration of Cboe Australia to the proprietary technology, a process completed on 27 March. The technology integration came after Cboe's acquisition of Chi-X Australia in July 2021 and its rebranding to Cboe Australia in February 2022.

In addition, Cboe scaled its Australia operations with the planned launch of Cboe BIDS Australia on the same day.

Read the full report here.

Signature Bank's Crypto Depositors Get April 5 Deadline

The FIDC has asked cryptocurrency clients of collapsed Signature Bank to close their accounts by April 5 by finding another banking partner. Otherwise, the regulator will close the accounts and mail a check to the registered addresses.

It came after Flagstar Bank acquired Signature Bank's business. However, the deal excluded "approximately $4 billion of deposits related to the former Signature Bank's digital banking business."

Read the full report here.

Broadridge Financial Solutions