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Swedbank Robur Expands Business Intelligence with Graz Implementation
Scandinavia’s largest fund manager, Swedbank Robur, has expanded its relationship with data warehouse provider Graz Sweden by taking the first installation of Sales Navigator, Graz’s business intelligence module.
FPL Working Groups Update Post-Trade Guidelines
FIX Protocol Ltd. (FPL) has published its updated guidelines for using the messaging language in post-trade processing, incorporating non-US markets for the standard.
CFTC SEF Rules Garner Mixed Reactions as Tech Picture Gets Clearer
Yesterday’s vote on final rules governing the operation of swap execution facilities (SEFs) by the US Commodity Futures Trading Commission (CFTC) was well-received by a cross section of the industry, but some disagree with elements of the provisions…
CFTC Passes Final SEF Rules with an Eye to the Future
The US Commodity Futures Trading Commission (CFTC) passed a series of final rules yesterday, designed to govern how swap execution facilities (SEFs) will operate, and how instruments will trade through them.
FICWG Eyes Cross-Asset Standardization
The Fixed Income Connectivity Working Group (FICWG) has completed its cash bond trading connectivity specification, and signed a number of inter-dealer brokers, exchanges and dealer-to-client platforms as adopters of the standard, expanding the fixed…
Marathon CTO's Model for Building Your Own HPC
Klay Stack didn't let his firm's small size hold it back from an architecture upgrade. Marathon Asset Management has a new high-performance computing (HPC) system to show for his confidence.
The Art of Communication—Not So Easy Across an Enterprise
At this year's North American Trading Architecture Summit conference in Midtown Manhattan, end users discussed the challenges involved in keeping everyone throughout the development cycle in the loop.
The Art of Communication—Not So Easy Across an Enterprise
At this year's North American Trading Architecture Summit conference in Midtown Manhattan, end users discussed the challenges involved in keeping everyone throughout the development cycle in the loop.
Transparency and Consistency Drive Markit’s Risk Upgrade
Markit has announced the release of two significant new tools for its Portfolio Valuations Service, which deal with scenario analysis and the computation of Value-at-Risk (VaR).
Buy Side Still Not Ready for June 10 Swaps Deadline
Apparently one set of guinea pigs wasn't enough. Even though Category 1 swap participants─swap dealers and the largest hedge funds─have been clearing most of their interest rate and credit default swaps since March 11, Category 2 participants─a group…
Tradition Debuts Long-Awaited ParFX Platform
Broker-dealer Tradition has announced that its spot foreign exchange (FX) ParFX platform, formerly known as TraFXpure, has been launched.
After Lsoc Implementation, Talk of Algo-Enabled Portability
The legally-segregated, operationally-comingled (Lsoc) paradigm is designed to bring greater protection to futures on a customer and ecosystem basis. Futures Commissions Merchants (FCMs) and clearinghouses are pondering a pair of technology issues as…
Solving for Java's 'Mixed Blessing'
Azul Systems and LMAX Exchange illustrate that specific coding challenges such as Java garbage collection can be faced most effectively through close collaboration.
New Kid on the Block: Squawker Begins Phased Launch in Europe
Later this week, sell-side block negotiation venue Squawker will begin the first part of its phased roll out, following months of preparation, testing and implementation. Built using a mix of social media principles, intuitive connectivity and coverage…
Mobile ROI Hard To Quantify For Financial Firms
At a debate on the impact of consumer technology in the financial services industry, four mobile specialists expressed their opinions on what has been overhyped and what's been underhyped.
Waters Roundtable: Risk and Compliance Too Close, Stress Tests Overused
Risk and compliance have always been, if not married, then at least dating. Recently, though, they’ve become that weird, co-dependent couple that answers for each other, having to call home to check in every two hours. A few risk managers at a recent…
Circuit Breakers Adequate for Flash-Crash Prevention
A recent report by London-based consultancy GreySpark Partners has found that circuit breakers and venue controls on algorithms should be sufficient measures to control aberrant behavior related to algorithmic trading, without a need for further…
Outsourcing: An Example from Marriage
Gone are the days when buy-side firms could choose an outsourcing service provider and then "leave them to it." Today, the process is much more like a marriage, with both parties in it for the long haul.
First Derivatives Plans FX SEF Launch
First Derivatives has announced that it will register as a swap execution facility (SEF), dealing with foreign exchange (FX) swaps that fall under incoming US regulatory mandates.
EMCF to Combine with EuroCCP
European central counterparty clearing houses (CCPs) EuroCCP and EMCF will combine their operations this year to create a single entity for cash equities clearing, subject to regulatory approvals.
SEF Infrastructure Unaffected by RFQ Rules Kerfuffle
A joint ISDA–Sifma poll shows near universal dislike for a CFTC proposal on SEFs, but it turns out the regulator has already changed its tune. In this respect, at least, SEFs are safe from a mass exodus.
Infrastructure Isn't Everything, But It Helps
High-frequency traders continue to find value in emerging markets, but just how important is a city's existing infrastructure?
Banks, Broker-Dealers Falling Behind on T2S Preparation
A recent Celent report has found that while parts of the European financial services industry are getting ready for the implementation of the Target2-Securities (T2S) settlement platform, others are lacking preparedness and facing large costs.
OMSs, EMSs Need to Embrace Data Visualization
At the TradeTech conference in New York last week, a panel discussed transparency, multi-asset capability, and the future of trade management systems.