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JEFFERIES & CO. DEPLOYS CLARIFI

Global investment bank Jefferies & Co. has adopted ModelStation from Boca Raton, Fla.-based ClariFI, a quantitative portfolio management software vendor. The investment bank will use ModelStation to support its quantitative strategies group. ModelStation offers back-testing and strategy simulation designed to decrease the time required to research and test trading strategies, ClariFI officials say. The software integrates with Jefferies' third-party data

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Crypto exchange EDX takes its tech into its own hands

The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.

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