Back-Office Technology
Covid-19 Reveals Need for Better Comms Plug-Ins for Traders
Traders should have real-time voice modules in trading systems and the ability to add detailed notes to replicate trading floor experience.
Deutsche Bank Turns Attention to Production Engineering
DB's Stuart Gurr says past automation efforts have helped the bank weather the Covid outbreak, highlighting the need for further automation.
Goldman Sachs Revamps Virtualization Infrastructure
The investment bank is leveraging Red Hat's OpenShift technology to better manage its global footprint of virtual machines.
Buy Side Eyes Outsourced Trading Amid Covid Disruption
Pressure on trading continuity drives in-house desks to look outwards
This Week: IBM/Fenergo; BNP Paribas/BlackRock; SmartStream; Acquis/Big XYT & More
A summary of some of the past week’s financial technology news.
Covid-19 Piles Pressure on Fund Accounting
Fund administrators are dealing with unprecedented volumes of pricing information and exceptions.
Torstone to Integrate Risk Calculations into Inferno
The vendor will add trading position flow and risk calculations to the platform this year, as it continues to integrate functions from recent acquisition Percentile.
SEC Issues Another CAT Reprieve as Monday’s Milestone Passes Quietly
While the CAT is now live, few—if any—are reporting. Additionally, there are still concerns among large broker-dealers about the CAT Reporter Agreement.
MEMX Postpones Launch Due to Coronavirus
CEO Jonathan Kellner announced on April 17 that the exchange would have to push back its official launch date, as well as delay platform testing and member certification until later this year.
How Sarson Strover’s Outsourcing Policy Averted Virus Disruption
The newly fledged UK hedge fund has outsourced its portfolio management tech and operations to third parties, a move that has helped it through the coronavirus pandemic.
Gresham Technologies Expands Use of RPA for Reconciliations
The vendor's CTO says automation capabilities embedded within the company's Clareti platform can help with repetitive tasks.
Bloomberg Enhances Mapping Tool to Track Covid-19 Impact
The data giant is releasing regional features and functionality to more closely monitor the coronavirus across companies and sectors.
TP Icap Debuts Next-Gen Feed to Support Data Expansion
The new feed will provide the framework to support new data types that the broker plans to make available later this year.
State Street Incorporates Charles River into Outsourced Trading Service
State Street will also integrate BestX equity TCA into its outsourced trading desk.
Citco Migrates Accounting Platform Clients to AWS
The firm plans to complete the migration by the end of summer, as it learns from prior rebuilds.
Covid-19 Is Raising the ESG Stakes
Unlike in past financial crises, ESG is taking center stage as social and governance data is directly relevant to all companies weathering the coronavirus pandemic. That makes the holes in that data, which still remain, all the more apparent.
Former HSBC Transformation Head: Weathering the Crisis as a Start-Up
This is a difficult time for most businesses, but start-ups are particularly vulnerable as they struggle to manage cash flow.
Covid Drags NYSE Into the 21st Century
The coronavirus has achieved what decades of competition and automation could not, and has halted trading on the NYSE floor. With no end in sight to the spread of the virus, and with technology now running the show, Max asks whether the floor is likely…
Sluggish Back-Office Systems Added to Margin Pressures
Systems supplied by FIS struggled to handle a massive spike in March trading volumes, according to multiple sources.
Glue42 Open-Sources Web App Interoperability
The new solution uses progressive web applications, cutting out the need for containers.
TMX Forges Ahead to Offer Round-the-Clock Derivatives Trading
Despite the coronavirus, the exchange is on track with plans to offer near 24-hour derivatives trading, new interest rate contracts, and increased transparency into ESG risks.
Linedata Looks to Expand Public Cloud Strategy
Linedata has moved its applications to AWS and aims to have support for Microsoft Azure by the third quarter.
Lazard Asset Management Looks to Reinvent Asset Classifications
The firm is developing themed asset categories for investors by finding new correlations in alternative datasets.
ASX Reviews CHESS Replacement Timeline as Coronavirus Bites
The exchange will consult on a new schedule in June, but industry testing of the platform is still on track for July.