Tech
Volumes an Increasing Problem for Asia-Pac Exchanges
While the world is gradually transitioning to electronic trading, critical parts of market infrastructure in Asia-Pacific are being challenged in keeping up with the increase in volumes, panelists at the Asia-Pacific Trading Architecture Summit said last…
Squeeze on Cost Changes Technology’s Role
While the pressures of cuts and budget reductions affect all areas of a firm, the technology function is experiencing a change in how it operates and the level of importance it’s given as a direct result. That was the message from panelists at the Asia…
Network Glitch Halts Trading on BSE
Asia's oldest stock exchange, the Bombay Stock Exchange, experienced an outage Thursday morning that halted trading for three hours.
CAT Bid List Shrinks to Six
The national securities exchanges and the Financial Industry Regulatory Authority (Finra) have selected six bids from the list of ten request-for-proposal (RFP) responses that were submitted to build and maintain the Consolidated Audit Trail (CAT).
Canid AM Appoints Hughes as Technical Director, Partner
The boutique long-short equities shop based in Silicon Valley has brought on Fred Hughes to lead its technology strategy.
New Clients Join BATS Chi-X Europe Reporting Service
BATS Chi-X Europe has announced that four new participants have joined BXTR, its recently-launched suite of on- and off-exchange trade reporting service.
In Six Months, Ransomware Fear Has Grown
Successful cyber attacks on financial institutions have traditionally resulted in a theft of data, disruption of trading activity or websites - as in a DDOS attack - or a manipulation of internal company operations as a means of hurting the business.
Fatca Goes Live—Massive Mess, or Much Ado About Nothing?
This week's deadline for compliance with the Foreign Account Tax Compliance Act, or Fatca as it's better known, came and went with a relative whimper—if also with a little purple prose. What to make of it, Tim wonders?
Eze Software's Keller on New Cloud Offering
Eze Software Group has launched a new cloud-based offering. The first service receiving the cloud treatment is Eze Data Services, a data hub and integration service that supports position and transaction interfaces.
Investit Adds John Boyce to its Roster
London-based consultancy Investit has hired John Boyce to help grow its technology consulting, data and benchmarking services.
Fidessa Launches Affirmation Management Service
Technology vendor Fidessa has debuted its new Affirmation Management Service (AMS), designed to automate affirmation processes between the buy and sell sides.
Markit Announces Confirmation Service for FX Options
London-headquartered technology provider Markit has announced the development of a new electronic service for foreign-exchange (FX) options confirmations and exercise management, in conjunction with a number of investment banks.
Cinnober Takes Helm of Boat
Cinnober has acquired Markit Trade Reporting, dubbed Boat, from Markit. Starting today Cinnober will take control of Boat's European trade reporting service after Markit earlier this year announced it would no longer support the service.
Aréas Assurances Selects Linedata Chorus For Fund Management
Aréas Assurances, a French independent group made up of mutual insurance companies, has selected Linedata fund accounting and administration software solution, Linedata Chorus.
Clear Peak Capital Chooses IMS From Cymba Tech
Clear Peak Capital, the investment management arm of Clear Peak Capital Master Fund, has selected Cymba Technologies’ Investment Management Solution (IMS), Athena, to support its portfolio and order management, pre- and post-trade compliance, as well as…
Macquarie Futures to Use CTC Reconciliation
Macquarie Futures has opted to use Gresham Computing’s Clareti Transaction Control solution (CTC) in the Amazon Web Services (AWS) cloud, to deliver automated reconciliation and exception management services to clients that use its brokerage services in…
Philippine Stock Exchange Adopts Nasdaq Tech
The Philippine Stock Exchange (PSE) will adopt X-stream Trading technology from Nasdaq OMX for trading equities and ETFs. It is expected to go live in mid-2015.
Thomson Reuters Adds MyVest to BETA Ecosystem
The global information provider has integrated MyVest's Strategic Portfolio System (SPS) into its BETA systems suite, allowing users to automate and scale transactions processing related to managed accounts.
BlueBay AM Taps Confluence for Regulatory Reporting
Blue Bay Asset Management has selected Confluence's Unity NXT regulatory reporting suite of solutions to comply with a raft of upcoming regulations currently affecting the buy side, such as the Alternative Investment Fund Managers Directive (AIFMD)
Industrial Alliance Takes Eagle for ABOR, IBOR Integration
Eagle Investment Systems has announced that Industrial Alliance Investment Management has selected its accounting and analytics platforms, and plans a further integration project.
The Acquisition: Japan Exchange Group CIO Yoshinori Suzuki
Yoshinori Suzuki, CIO of Japan Exchange Group, has overseen a massive technology overhaul during his tenure at the organization—but it’s an overhaul that he never expected to be in charge of just a few years ago. By Anthony Malakian, with photos by James…
At Integral, New Appointments for Barker, Farrell Ahead of Product Refresh
The FX platform has given new responsibilities to Jon Barker, now managing director of products, and hired Richard Farrell as managing director, who replaces Barker as global head of sales.
Ingage Signs Four Asset Managers
Ingage, a new IT platform that aims to connect companies and investors directly to ease corporate access restrictions, has announced that Newton Investment Management, Majedie Asset Management, Pelham Capital and Union Bancaire Privee have joined the…
Omgeo Adds ProtoColl Link to DTCC Repository
Post-trade vendor Omgeo has announced that its ProtoColl software now connects to the Depository Trust and Clearing Corporation’s (DTCC) Global Trade Repository (GTR).