Start-up uses ‘Magic’ to democratize access to AI for hedge funds

Spun out of Brevan Howard five years ago, SigTech hopes its new no-code generative AI offering can help smaller buy-siders even the odds with AI models.

SigTech, a Software-as-a-Service platform that provides portfolio analytics services to hedge funds and asset managers, is using large language models and generative AI tools to improve firms’ data retrieval times and increase efficiency.

Bin Ren, SigTech’s founder, is the former chief investment officer at Brevan Howard Asset Management’s Systematic Investment Group, and he originally developed the platform as an in-house system for the fund. But the hedge fund spun it out in 2019, following a

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CME: CFTC OKs clearing move to Google Cloud

The CFTC has given the Chicago-based exchange approval to run its clearing and settlement infrastructure on the Google Cloud Platform, while the exchange and vendor have extended their partnership to last until at least 2037.

Once a blockchain cheerleader, Axoni changes its playbook

The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.

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