In accordance with Chainthink, on December 21, Swedish investment company Hilbert Group (HILB), which focuses on algorithmic trading in cryptocurrency markets, acquired high-frequency trading platform Enigma Nordic for $32 million. Hilbert Group stated it will gain the ability to use Enigma's proprietary trading system to execute market-neutral strategies on global cryptocurrency exchanges.
Swedish Investment Firm Hilbert Group Acquires High-Frequency Trading Platform Enigma Nordic for $32M
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Summary
Swedish investment firm Hilbert Group acquired high-frequency trading platform Enigma Nordic for $32 million on December 21. The move gives Hilbert access to Enigma's proprietary trading system for executing market-neutral strategies in the cryptocurrency market. Hilbert focuses on algorithmic trading and aims to boost efficiency amid rising trading volume. The deal expands its footprint in global crypto exchanges.
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