RFQ

Convergence RFQ is Set to Pioneer Institutional DeFi Trading with Public Testnet Launch

Retrieved on: 
Friday, March 29, 2024
Culture, Ambassador, Environment, Dame Alice Owen's School, AMM, RFQ, CLOB, Treasury, Decentralized finance, TWAP, Request for quote, DAO, Convergence, Cryptocurrency

Singapore, Singapore--(Newsfile Corp. - March 29, 2024) - Convergence RFQ, an on-chain liquidity network tailored for institutions, market makers, and protocols, announced the launch of its highly anticipated public testnet.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - March 29, 2024) - Convergence RFQ, an on-chain liquidity network tailored for institutions, market makers, and protocols, announced the launch of its highly anticipated public testnet.
  • "Our public testnet represents a pivotal moment in our journey towards democratizing institutional access to any on-chain actor in the Solana ecosystem," said Uwe Cerron, Founder of Convergence RFQ.
  • Institutions, market makers, and DeFi enthusiasts are invited to join the Convergence RFQ public testnet, explore the platform's capabilities, and experience the platform first-hand.
  • Together, Convergence RFQ aims to redefine the standards of institutional trading within the decentralized finance (DeFi) landscape.

Trumid Reports March Performance and Q1 2024 Trading Highlights

Retrieved on: 
Monday, April 8, 2024
RFQ, Growth, Calendar, Bond credit rating, ADV, Cryptocurrency

NEW YORK, April 8, 2024 /PRNewswire-PRWeb/ -- Trumid, a financial technology company and fixed income electronic trading platform, today announced trade volume and user participation highlights for March and Q1 2024.

Key Points: 
  • NEW YORK, April 8, 2024 /PRNewswire-PRWeb/ -- Trumid, a financial technology company and fixed income electronic trading platform, today announced trade volume and user participation highlights for March and Q1 2024.
  • Over 500 users initiated a Trumid RFQ in Q1 and over 600 users responded to an RFQ in Q1.
  • The daily average number of users trading in Trumid RFQ has grown over 3x since the launch of Trumid Disclosed RFQ in May 2023.
  • Trumid Swarms and Trumid Attributed Trading (AT) enjoyed a record quarter for traded volumes and number of clients executing trades.

eIndustrify Launches to Eliminate Friction from Industrial Procurement

Retrieved on: 
Thursday, March 21, 2024
Automation, CRM, POS, Friction, Growth, Metal, Sale, RFQ, B2B, Marketing, Hearing, Mining, Online shopping

HOUSTON, March 21, 2024 (GLOBE NEWSWIRE) -- Today eIndustrify , a new B2B e-marketplace platform, launches to streamline procurement processes and reduce lead times for buyers.

Key Points: 
  • HOUSTON, March 21, 2024 (GLOBE NEWSWIRE) -- Today eIndustrify , a new B2B e-marketplace platform, launches to streamline procurement processes and reduce lead times for buyers.
  • “Launching eIndustrify is our response to the exponential growth in demand from buyers - 10 times more growth than traditional procurement methods.
  • eIndustrify aims to empower the industrial procurement market through the people and companies already looking to expand their reach.
  • Industrial buyers need quality procurement solutions that give them a competitive edge.

Tradeweb Reports March 2024 Total Trading Volume of $36.2 Trillion and Average Daily Volume of $1.81 Trillion

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Technology, Data Analytics, Finance, Software, Banking, MTF, TBA, EUR, RFM, Growth, ETF, RFQ, Credit, Federal, Yoy, ADV

European government bond volumes continued to be strong in March, with strong growth in average daily trading volume in the institutional EUR and UK Gilts businesses.

Key Points: 
  • European government bond volumes continued to be strong in March, with strong growth in average daily trading volume in the institutional EUR and UK Gilts businesses.
  • Primary market issuance remained robust across Europe and the UK, which generated heavy trading activity from all client types using a wide range of trading protocols.
  • Strong U.S. credit volumes were driven by increased client adoption of Tradeweb protocols, most notably in request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade®.
  • Record European credit volumes were supported by continued growth in client use of Tradeweb Automated Intelligent Execution (AiEX) and portfolio trading.

Zycus develops Generative AI powered source to pay platform in collaboration with Microsoft

Retrieved on: 
Thursday, April 4, 2024
Payments, Data Management, Security, Technology, Software, Networks, Artificial Intelligence, Microsoft, Synthetic media, Organization, Algorithm, Risk management, Platform, Microsoft India, Policy, AI, Risk assessment, RFQ, Suite, RFP, Microsoft Teams, Request for quotation, Multimedia, Merlin, Generative

This integration is a step towards an ongoing effort to build the world’s first generative AI powered S2P platform .

Key Points: 
  • This integration is a step towards an ongoing effort to build the world’s first generative AI powered S2P platform .
  • View the full release here: https://www.businesswire.com/news/home/20240401357521/en/
    Zycus launched world's first Generative AI powered S2P platform in collaboration with Microsoft (Graphic: Business Wire)
    Zycus has already incorporated various Generative AI capabilities in the existing S2P Suite under the Merlin Assist offering.
  • It is available both through an App published on Microsoft Teams and via Zycus web app.
  • “By combining the strengths of Azure OpenAI with Zycus’ native source to pay platform, we are setting a new standard in the industry.

MarketAxess Announces First Casada Trade Via RFQ

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Finance, Long time no see, MarketAxess, Liver function tests, RFQ, NTN, ADV, LATAM, Market, Emerging market, Security (finance)

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the first client Casada trade executed via Request-for-Quote (RFQ) protocol on their Emerging Markets (EM) platform, with Safra as the buyside client.

Key Points: 
  • MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the first client Casada trade executed via Request-for-Quote (RFQ) protocol on their Emerging Markets (EM) platform, with Safra as the buyside client.
  • MarketAxess now provides trading in the complete spectrum of Brazilian sovereign debt instruments – including LFTs, LTNs, NTN-Fs and NTN-Bs.
  • As the dominant protocol for fixed income electronic trading globally, the introduction of trading Casada via RFQ by MarketAxess supports greater liquidity discovery for local and international investors trading Brazilian debt strategies.
  • “We are extremely proud that we were able to support the first-ever Casada trade via RFQ,” said Maria Calderon, Head of Latin America Sales at MarketAxess.

MIAC Analytics Announces the Release of MIAC Market Monitor (MMM)

Retrieved on: 
Tuesday, April 2, 2024
API, RFQ, MIAC, MMM, TBA

NEW YORK, April 2, 2024 /PRNewswire/ -- MIAC Analytics™ announced immediate availability of MIAC Market Monitor (MMM)™, enabling TBA market participants a compelling information advantage against their trading counterparties.

Key Points: 
  • NEW YORK, April 2, 2024 /PRNewswire/ -- MIAC Analytics™ announced immediate availability of MIAC Market Monitor (MMM)™, enabling TBA market participants a compelling information advantage against their trading counterparties.
  • "MMM informs subscribers with 100% of the TBA market's cleared prices," said Fuad Nasir, Director at MIAC Analytics.
  • TBA market participants using MIAC Market Monitor (MMM) have near complete visibility into the actual trade history including the cleared (traded) price, the time of the transaction, and the size1 of the trade.
  • MIAC Market Monitor (MMM) is available with any browser and has an API (application programming interface) option.

RiNo Art District Issues Request for Qualifications for Consultant to Support Business Improvement District Renewal Process

Retrieved on: 
Friday, March 22, 2024
RFQ, BID, Culture, Business improvement district, Economic development, Consultant, Communication, Rino, Construction

DENVER, March 22, 2024 /PRNewswire/ -- RiNo Art District, a 501(c)(6) nonprofit arts organization dedicated to fostering a welcoming, creative community where a diversity of artists, residents and businesses thrive, has issued a request for qualifications for consultants to guide the renewal process for the organization's Business Improvement District (BID). The RiNo BID was founded in 2015 and must be renewed after ten years.

Key Points: 
  • "Now, it's time to evaluate the purpose and priorities of the RiNo BID if it were renewed for another 10 years.
  • We look forward to engaging a consultant to support the organization with the BID renewal process."
  • The BID's Board of Directors includes property owners, business owners, artists, creatives, and residents of the RiNo BID.
  • Collaboratively with the RiNo Art District staff, board members and the broader community, the consultant will strategically manage the BID renewal process.

BRKZ Secures $8M in Series A Funding to Revolutionize the Building Materials Sector in MENA

Retrieved on: 
Wednesday, March 6, 2024
Manna, Growth, KSA, Construction, WhatsApp, RFQ, Kingdom, Building material, Arms industry

New Funds to help BRKZ establish as a One-Stop-Shop for the construction sector and expand its footprint across Saudi Arabia and the MENA region

Key Points: 
  • Riyadh, Saudi Arabia--(Newsfile Corp. - March 6, 2024) - BRKZ, a trailblazing construction tech startup, has successfully secured $8 million in Series A funding to revolutionize the building materials sector across Saudi Arabia and the broader Middle East and North Africa (MENA) region.
  • This significant financial boost is set to position BRKZ as a comprehensive one-stop-shop for the construction industry, facilitating a major expansion of its operations within the sector.
  • Ibrahim Manna, Founder of BRKZ, commented: "The investment underscores BRKZ's commitment to digitizing buying and selling building materials, promoting transparency, and fostering efficient contractor financing.
  • Thus, contributing to the growth and efficiency of the construction sector in the Kingdom of Saudi Arabia and the MENA region.

Tradeweb Reports February 2024 Total Trading Volume of $37.9 Trillion and Average Daily Volume of $1.87 Trillion

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Technology, Data Analytics, Finance, Software, Banking, ADV, Growth, RFM, Government, ETF, Yoy, MTF, RFQ, Federal, Treasury, Credit, Cryptocurrency

Average daily volume (ADV) for the month was $1.87tn, an increase of 31.1 percent (%) year-over-year (YoY).

Key Points: 
  • Average daily volume (ADV) for the month was $1.87tn, an increase of 31.1 percent (%) year-over-year (YoY).
  • Increased adoption across a wide range of trading protocols, along with sustained rates market volatility, contributed to the increase in volume.
  • Strong U.S. credit volumes were driven by increased client adoption of Tradeweb protocols, most notably in request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade®.
  • Strong European credit volumes were supported by continued growth in client use of Tradeweb Automated Intelligent Execution (AiEX) and portfolio trading.