GM GM talks about team’s acquisition of Algorithmic Trading platform

NHL GM Jim Benning is set to talk about the team’s deal with Alibaba to acquire the popular algorithm-trading platform, Algorithmia, during a panel discussion on Monday.The New York Times reported the news Tuesday, citing an unnamed source familiar with the talks.The story noted that the deal, which is expected to close this month, would…

Published by admin inAugust 8, 2021
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NHL GM Jim Benning is set to talk about the team’s deal with Alibaba to acquire the popular algorithm-trading platform, Algorithmia, during a panel discussion on Monday.

The New York Times reported the news Tuesday, citing an unnamed source familiar with the talks.

The story noted that the deal, which is expected to close this month, would give Alibaba the largest market share in China for trading algorithms and could boost the stock price of the Boston Bruins.

Benning told the Times that Alibaba was the “largest player in the world in the market for the algorithms and they are going to be a huge player in this market.”

Benning will appear on CNBC Monday afternoon at 8 p.m.

ET, the same time as the live broadcast of the first live NHL game on NBCSN.

In addition to the Algorithmias acquisition, Benning’s new team is expected by some analysts to be looking to make another acquisition of algorithm-based trading platforms this summer.

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