Fintica AI Ltd., an Israeli artificial intelligence firm specializing in options for capital markets, has introduced a strategic partnership with Legend Arb Buying and selling Restricted, a proprietary buying and selling agency primarily based in Hong Kong.
The partnership, which features a strategic funding by Legend Arb, goals to boost the agency’s quantitative buying and selling capabilities and broaden Fintica AI’s presence in Hong Kong and the Larger China area.
Beneath the settlement, Legend Arb will make the most of Fintica AI’s superior unsupervised AI technology to innovate its buying and selling methods. The collaboration will even deal with launching new merchandise and options tailor-made to monetary markets within the area.
Increasing attain and advancing know-how
“This partnership with Legend Arb represents a major step ahead in our mission to revolutionize monetary markets with superior AI options,” stated Philippe Metoudi, CEO of Fintica AI. “By becoming a member of forces, we are able to harness our respective strengths and discover untapped alternatives in Hong Kong and Larger China’s monetary sector.”
Kace Lam, CEO of Legend Arb, emphasised the worth of the collaboration, stating, “Legend Arb is worked up to companion with Fintica AI’s world-class staff, famend for his or her developments in quantitative monetary modeling. Collectively, we intention to unlock vital worth and redefine quantitative buying and selling methods.”
In regards to the corporations
Fintica AI, headquartered in Tel Aviv, is a frontrunner in fintech innovation, providing cutting-edge predictive analytics and threat administration instruments by means of its Spectrum MRI platform. The corporate’s options span a number of asset courses, together with equities, fastened earnings, and commodities, empowering funding managers and quantitative analysts worldwide.
Legend Arb, primarily based in Hong Kong, operates throughout key monetary hubs reminiscent of Shanghai, Taiwan, and Singapore. The agency focuses on Chinese language-related merchandise, fairness index futures, and commodities futures and serves as a market maker for main exchanges, together with the Hong Kong Inventory Change and the Singapore Change.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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