Trading Tech
DTCC and Euroclear to Create Collateral-Processing Joint Venture
The Depository Trust and Clearing Corp. (DTCC) and Euroclear have established a joint venture that will offer market participants access to the Margin Transit Utility (MTU) and Collateral Management Utility (CMU) services, in line with new collateral…
S&P Cap IQ, Kuberre Launch Event Fusion Real-Time Alerting
S&P Capital IQ, the data arm of McGraw Hill Financial, and Andover, Mass.-based financial technology provider Kuberre Systems will launch a new cloud-based platform, dubbed Event Fusion, today, Sept. 30, which provides real-time alerts on news and…
Nasdaq OMX Implements T+2 in Nordic and Baltic Markets
Nasdaq OMX is set to migrate to a shortened settlement period of T+2, where the settlement of securities transactions typically takes place two days after trades are executed, for securities traded on the Nasdaq OMX Copenhagen, Helsinki, Iceland,…
Pacific Life Insurance Taps Calypso for Collateral Optimization
Pacific Life Insurance Company, a life insurance company headquartered in Newport Beach, CA has selected Calypso Technology’s Calypso Collateral Management platform to automate and optimize its collateral allocation activities.
Soc Gen Unveils Buy-Side Outsourcing Service
Société Générale Securities Services (SGSS), a subsidiary of Paris-based multinational banking and financial services firm Société Générale, has launched an integrated wealth and investment management outsourcing service for the UK. Aimed at mid-tier…
Colt Launches Global FX Liquidity Service
Colt, the London-based telecoms giant, has unveiled its FX Liquidity Access service, connecting market participants to the London, New York and Tokyo FX markets. The service, which includes low-latency connectivity and proximity hosting, is designed to…
CenturyLink Opens First Mainland China Datacenter
Datacenter, internet and hosting provider CenturyLink has opened a datacenter in Shanghai to provide locally hosted infrastructure for multinational firms doing business in China, and to support "data sovereignty," officials say.
S&P Boss Eccleston Resurfaces as TMX CEO
Canadian exchange group TMX has appointed former S&P and Bloomberg exec Lou Eccleston as chief executive, effective Nov. 3, replacing Thomas Kloet, who announced his retirement earlier this year.
Study Shows Asian Firms Are Not Ready for Move to T+2 For European Securities
A recent whitepaper published by Celent has revealed that 58 percent of Asian firms are not ready to comply with the shorten settlement cycle that will be implemented across Europe on 6 October.
SunGard Unveils Solutions to Manage Corporate Actions Risk
SunGard announced the launch of XSPosure, a cloud-based risk dashboard designed to reduce corporate actions risk exposure.
McObject Taps C3S as Southeast Asia Distributor
Issaquah, Wash.-based in-memory database provider McObject has signed a deal for Singapore-based financial technology provider C3S to act as a local distributor for McObject's eXtremeDB Financial Edition database system and related product family in…
Guggenheim's Joseph Lodato Pulls Tech, Compliance Together
Anthony Malakian sits down with Joseph Lodato, chief compliance officer at Guggenheim Securities, to discuss the need for compliance and technology to work together in the current regulatory environment. Photos by Timothy Fadek
Tri-party Agents Ready Ahead of Eurosystem Collateral Management Deadline
The European Central Bank’s (ECB's) initiative to reduce collateral fragmentation and operational risk across Europe has taken another step forward today as firms are now allowed to use tri-party collateral services for cross-border pledges to national…
SmartStream Updates Exception Management Tool
SmartStream Technologies has released a new version of its TLM Exception Management solution to provide firms with a consolidated view of their resolution process via a single platform.
Zing Adds Java SE 8 Support
Java specialists Azul Systems have announced that Zing now supports Java 8.0.
CME Clearing Europe Selects globeSettle
The Chicago Mercantile Exchange (CME) Group has chosen globeSettle as a collateral location venue for its central counterparty (CCP), CME Clearing Europe.
SunGard XSP Launches Dashboard, BPaaS Services
The corporate actions services provider debuts its XSPosure dashboard and a business process as a service form of its data utility
Updata Integrates Eikon, Datastream Data
UK-based technical analysis software provider Updata has integrated data from Thomson Reuters’ real-time Eikon terminal and Datastream economic research tool into its Professional analytics workstation, to enable customers to carry out advanced analytics…
Morningstar Begins Historical Tick Database Revamp
The real-time data business of Chicago-based data and investment research provider Morningstar is in the middle of a project to make its database of historical tick data more flexible and accessible to different types of users and use cases.
Millistream Database Application Upgrade Targets Performance Gains
Swedish market data vendor Millistream has released an upgraded version of its Millistream Database Application (MDA), to provide clients with quicker access to market data and to simplify future upgrades, officials say.
Northern Trust Sets Up Delegated Reporting with Sapient
Northern Trust is now able to offer delegated reporting to its buy-side clients, after implementing the Compliance Management Reporting Service (CMRS) platform from Sapient Global Markets.
Windy Apple Tech Says Low-Latency Transatlantic Wireless Net Possible in 18 Months
Jersey City, NJ-based Windy Apple Technologies, which operates a low-latency microwave network between New York and Chicago for high-frequency traders, is claiming that it can construct a similar wireless network over the Atlantic Ocean, drastically…
Northern Trust Appoints Deustche Bank, Euroclear Ahead of T2S Implementation
Northern Trust has selected Deutsche Bank and Euroclear to support its strategy ahead of the implementation of Target2-Securities, or T2S, the centralized securities settlement system aiming at harmonizing settlement infrastructure across Europe.
Investor, Regulatory Demands Drive Latest Linedata Rollout
Yesterday, it was announced that Linedata had enhanced Linedata Global Hedge, its overarching platform for hedge fund managers.