This Week: Clear Street, Hudson River Trading/Google Cloud, Alveo and more

A summary of the latest financial technology news.

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Clear Street to acquire Fox River Algorithmic Trading from Instinet

Cloud-based financial technology firm Clear Street will acquire Fox River Algorithmic Trading from Instinet. Fox River provides algorithmic execution solutions in US and Canadian equities. The offerings cater to buy-side and sell-side firms, including a number of quant-driven funds.

Clear Street COO Andrew Volz says acquiring Fox River was an easy decision after Instinet approached Clear Street earlier this year about a potential

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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