DE Shaw, Blackstone Upend Post-Trade for Alternatives, Eye Broader AM Space Next
Arcesium deal set for big results.
It would seem strange to introduce Arcesium—the new technology company formed this week by Blackstone and DE Shaw—by first talking about one of these firms' arch rivals, Chicago-based Citadel.
When Ken Griffin's tech team announced it would begin commoditizing its execution and order management technology around two years ago, it represented a major marker in the space.
Until then, and still today, the traditional thinking about leading hedge funds and proprietary systems usually goes in two
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