Trading Tech
Ovum Reports on Mobile Call Recording in Capital Markets
With regulations on both sides of the Atlantic requiring firms to record and archive mobile phone conversations of traders, companies have to decide how to remain compliant as regulators look to make the increase communications transparency in the market.
Updata Revs V8 of Pro Analytics
UK-based technical analysis software provider Updata will this week release Version 8 of its Professional analytics program, which can handle five times the number of data points as previous incarnations of the software, and includes new functionality…
A/S/L?
Chat pushes, Sibos, and regulatory moves lead this week's coverage.
Poland Switches to T+2
The Central Securities Depository of Poland (KDPW) has shortened its settlement cycle to T+2, or two days after trade date, as of today.
Sibos 2014: SmartStream CEO on Data and Transaction Management
Philippe Chamabdal, CEO of SmartStream, speaks about the company's data and transaction lifecycle management offerings at Sibos 2014 in Boston
Revamped Ticker Plant, API, Data Appliances Up Exegy Throughput
St. Louis, Mo.-based hardware ticker plant vendor Exegy has released versions 3.3 of its hardware-accelerated Ticker Plant, Market Data System appliances and Exegy Client API, which will provide customers with expanded order book information on the…
Markit Launches Chat Rooms on Collaboration Services
Markit has launched a new software component of its Collaboration Services open messaging initiative that will enable investment banks and other financial institutions to create instant message chat rooms—and to proactively monitor who can access them,…
TFG Financial Systems to Acquire RTS
TFG Financial Systems (TFG) has announced it has acquired US-based Risk Technology Solution (RTS) to support its portfolio risk management system and expand in the US.
Barchart Launches 'EDM' Service, Revamped Content Portal
Chicago-based data vendor Barchart has officially unveiled Barchart EDM──a new integrated solution that combines components of its various content and data delivery mechanisms into a managed service for market data capture, management and distribution─…
Sibos 2014: Growing KYC Demands Have Industry Revisiting Models
Know Your Customer (KYC) screening is as far from a differentiating function as possible for banks, but bloating costs and a messy process for clients have caused a new push among the major sell sides and technology providers to build out managed service…
SROs Submit Plan for Audit Trail, Initial Costs Estimates Average $53 Million
A group of self-regulatory organizations (SROs) selected by the Securities and Exchange Commission (SEC) submitted its plan to build, implement and maintain the Consolidated Audit Trail (CAT) that will track activity in every National Market System (NMS)…
Symphony CEO David Gurle Discusses Goldman Sachs/Consortium Deal, New Platform
Yesterday it was announced that a consortium of 14 financial institutions led by Goldman Sachs had acquired Palo Alto-based software vendor Perzo for $66 million. The resulting acquisition led to the new company Symphony Communication Services, whose…
Symphony CEO David Gurle Discusses Goldman Sachs/Consortium Deal, New Platform
Yesterday it was announced that a consortium of 14 financial institutions led by Goldman Sachs had acquired Palo Alto-based software vendor Perzo for $66 million. The resulting acquisition led to the new company Symphony Communication Services, whose…
Esma Consults on NDF Clearing
The European Securities and Markets Authority (Esma) has opened a consultation on the clearing of foreign-exchange (FX) non-deliverable forwards (NDFs).
NetDania Preps HTML5 Charts, Mobile Trading App
NetDania, a Danish provider of foreign exchange data display and analytics workstations, is rolling out a new HTML5 charting solution and an upgraded version of its NetDania mobile app in response to customer demand for more functionality, officials say.
Options Expands Into CME, Completes US Co-Lo Map
Infrastructure-as-a-service provider Options (formerly Options IT) said it has expanded into CME Group's co-location facility in Aura, Illinois, completing its coverage of all US exchange co-location facilities.
IEX Taps First Derivatives for Market Surveillance
Alternative trading system IEX has selected the Delta software platform from First Derivatives for its trade surveillance and analytics capabilities.
Gurle: Goldman Consortium's $66M Symphony Will Make Harmony with Markit Messaging
Symphony, the secure messaging platform being created by the $66 million acquisition of Palo Alto-based software vendor Perzo by 14 major financial firms, will complement──rather than compete with──data vendor Markit's Collaboration Services suite of…
Abacus Adds Transparency into its Cloud
Buy-side focused Abacus Group has launched Abacus Client Portal, which is designed to give clients greater control of and transparency into their AbacusFLEX cloud services.
Stock Order Worth $617 Billion Cancelled in Japan's OTC Market
Shares in 42 companies adding up to $617 billion were canceled in Japan's over-the-counter market thanks to a trading error, according to a report from Bloomberg.
Esma Releases Final Draft Standards for IRS Clearing
The European Securities and Markets Authority (Esma) has released its final draft regulatory technical standards (RTS) for the central clearing of interest-rate swaps (IRS).
Goldman-Led Consortium Unveils Symphony Communication Services
In what's seen as an effort to compete with the likes of Bloomberg, Thomson Reuters and Markit, Goldman Sachs and 13 other industry partners have invested in a new company called Symphony Communication Services Holdings, after it acquired Perzo Inc.,…
Top Banks, Hedge Funds Buy Perzo Messaging Platform for $66M
A consortium of 14 major financial firms has acquired Palo Alto, Calif.-based messaging platform provider Perzo and renamed it Symphony with a $66 million investment to provide an open-source, secure and compliant messaging platform for financial…
Managing Compliance from a Single Platform
Northern Trust says it has improved post-trade OTC reporting for clients since deploying Sapient's Compliance Management Reporting System