Acuity Trading, a financial technology firm, has announced that it has launched a new R&D center in Barcelona, Spain. According to a press release shared with Finance Magnates, Andrew Lane, CEO of the firm, signed the constitution for Acuity Analytics, earlier in the month.
The new research and development hub based in Spain is part of Acuity Trading’s plans to expand further into Europe, the firm said. The center seeks to dedicate research in data science and machine learning, aiming to develop emerging technologies and improve existing tech-based capabilities.
“We continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest in AI research and technology. To maintain this momentum and meet the need for new future-focused technologies to support the evolving fintech market, it is essential to invest and create an R&D collaborative hub that will enable us to fast track the development of successful technologies,” Lane commented.
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Also, the Spanish R&D hub of Acuity Trading will foster collaboration with its team of experts and academics from the Universitat Politècnica de Catalunya (UPC) to strengthen collaborative ties across academic and commercial sectors, the firm stated.
Choosing Spain as a Location for the Hub
“Establishing Acuity’s R&D hub in Spain fulfills a long-term personal goal of having an industrial lab associated with our faculty where we can apply our research in Computational Finance and witness our ideas turning into tangible, commercial products,” Professor Argimiro said, who heads up a team of Acuity Trading academics that work with the UPC.
“Acuity chose Spain as the location for its new hub for both its talent and its potential. Spain’s Start-Up Act, unveiled in December 2020 by the Prime Minister, Pedro Sanchez, is accompanied by a 10-year strategic plan to turn the country into an ‘Entrepreneurial Nation’ by 2030,” Acuity Trading added in the announcement.
Moreover, the financial technology firm looks forward to offering ‘better support’ to the banking and investment sectors by launching the hub in Barcelona. In April, Equity Group, a multi-asset brokerage, announced a three-way partnership with Acuity Trading and market news provider, Dow Jones Newswires.