Nasdaq wants to better weave itself into the financial technology ecosystem, which provides steadier revenue than its marketplace. Nasdaq’s evolution from stock exchange to comprehensive tech provider continues, as the firm announces plans to buy financial software firm Adenza. Adenza’s platform helps banks and brokerages manage trading, risk management, and data reporting, and would add […]
Tag: software
Clear Street has raised fresh funding – including from market maker IMC Financial – to replaced outdated infrastructure through its prime brokerage and clearing systems, which will help with “maximizing returns and minimizing risk and cost for clients.” Clear Street is building the “modern infrastructure” for capital markets – and just raised a boatload of […]
With funding from Vanguard and Insight Partners, among others, Altruist is betting that its all-in-one software stack can save registered investment advisors (RIAs) time, money, and manual work. The lesson for legacy players? Modernize or partner up. Watch out incumbents: Altruist aims to be the modern custodian for RIAs. It posits that “legacy custodians have […]
As the world undergoes the largest intergenerational transfer of wealth in human history, financial providers need to offer the digital access and real-time transparency that younger clients demand. Wealth management is at a time of major transition, and providers need to ensure that their technology infrastructure and features keep up. That’s why Masttro, a wealth […]