Axion4gstp Readies TFM for Tests Early Next Year

REPORT FROM SIBOS

SAN FRANCISCO--Northern Trust, Morgan Stanley Dean Witter and Nicholas-Applegate Capital Management are three of the firms piloting the GSTP’s Transaction Flow Monitor (TFM). At a Sibos session, representativesof GSTPA, GSTP and axion4gstp--which is building and operating the industry utility--as well as the three firms revealed a more detailed timeline.

A pilot set for next January will test connectivity to the utility. In April, official pilot tests will start, to go into full production in

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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