Tech
June 2014: HFT: No Longer a Whale of a Time
Despite recent buzz, high-frequency trading does not present opportunities to just anyone, as Victor points out that the feeding frenzy has shut out all but the most highly advanced firms.
Michael Shashoua: Basel Didn’t Start the Fire
The Basel Committee’s BCBS 239 risk data aggregation principles, intended to spur a response from major financial firms by January 2016, are actually the final step in a long-running industry development, Michael writes.
Max Bowie: Same Cloud, Different Crowd
With still as many viewpoints on cloud computing as there are implementations, can cost benefits trump security concerns? Max asks whether recent cloud migrations by US regulators Finra and the Securities and Exchange Commission will help overcome these…
James Rundle: Ahead of the Curve
James sees recent pushes by the sell side toward embracing new technologies as a sign that a more intelligent approach is being taken, both by regulators and by banks.
Anthony Malakian: An Offer Technologists Can’t Refuse
Anthony says the business should drive new systems and software implementations. Technologists need to have an ear in the room and serve as advisors, but they shouldn’t be steering the decision-making process.
European Firms Grapple with Algo-Tagging Rules
Although the flagging and tagging of algorithms is only currently required in Germany, under the German HFT Act, it is slowly making its way into Pan-European law. Marina Daras looks at the German rule to see how the algo labeling requirement under Mifir…
Finra CIO Randich Says Hands On Cloud, Hands Off HFT
By his own admission, Finra CIO Steve Randich is engaged in a public relations campaign. Finra, the huge self-regulatory organization (SRO) overseeing most of the US market, isn't well-thought of in banking circles despite boasting an IT staff of 1,000…
Advent Unveils Plethora of Product Suite Enhancements
For the first time in 2014, Advent Software has rolled out new product enhancements for Advent Geneva, Advent Portfolio Exchange (APX), Moxy, Advent Rules Manager and Advent Revenue Center.
SROs Deploy Advanced Tech to Keep Up with Members
Self-regulatory organizations can’t tap into company profits like banks, nor can they rely on taxpayer funding like government regulators. Still, using only membership dues, they must carry out their registration and surveillance functions of national…
Traiana to Provide Pre-Trade Credit Checks to Buy-Side Firms Trading on SEFs
Traiana has added capabilities to its pre-trade credit checking hub CreditLink to enable streamlined post-trade processing for buy-side firms trading electronic credit default swaps (CDSs) and interest rate swaps.
BT Partners With Korean Koscom to Build Liquidiity Hub
BT has partnered with Korean financial technology provider Koscom to provide new trading opportunities on the Korea Exchange (KRX) and help attract global investors to the region.
Maitland Taps StatPro for Portfolio Analytics Tool
Maitland Fund Services has implemented StatPro Revolution, the vendor’s cloud-based portfolio analysis platform, in order to provide daily performance, risk, contribution, and attribution analysis to its clients.
Eurex to Launch FX Contracts in July
Eurex, the German exchange operated by Deutsche Boerse, has announced it will offer foreign-exchange (FX) futures and FX options on six currency pairs beginning on July 7 2014.
Sprott Asset Management Picks SS&C for Settlement Notification
California-based Sprott Asset Management has selected SS&C's Technologies' SSCNet for automated settlement notification. The global network will enable trade communication between Sprott and its broker-dealers, custodian and prime brokers.
Horizon Integrates Azul’s Zing to its Trading Platform
Front-end trading solutions provider Horizon Software has partnered with Azul Systems to integrate Zing, Azul’s Java runtime product, to its electronic trading platform in order to enhance application productivity.
eSpeed Completes Migration to Nasdaq OMX Data Center
eSpeed, the electronic trading platform for the US fixed-income market, acquired by the Nasdaq OMX group in April 2013, has completed its migration to the Nasdaq OMX data center in Carteret, New Jersey.
Pragma Launches Spot FX Trading Tools
Pragma, a New York-based algo technology specialist, has released Pragma360, a suite of spot FX trading tools. Pragma360 includes algorithms, transaction cost analysis (TCA), smart order routing, risk controls, and an EMS front end.
DoubleLine Chooses Vichara for CLOs
Los Angeles-based fixed income manager DoubleLine Capital has licensed the V*CLO platform from Hoboken-based Vichara Technologies for analysis of collateralized loan obligations (CLOs) and their underlying collateral pools.
Boutique Options Shops Ponder Exit, Improvements as Opportunities Narrow
Citing fragmented markets, IT costs, and larger market makers' increasing dominance, a panel of proprietary traders discussed what ails options firms at this year's Options Industry conference, recently held outside Austin, Texas. Though not every…
Don't Bother Joining the Low-Latency Arms Race, Say Low-Latency Traders
Low-latency trading, which has dominated the equities conversation for years, seems to have hit an unceremonious wall. Asked if there is still an opportunity to make money in latency arbitrage, a panel at the North American Financial Information Summit…
Esma Opens Consultation on Mifid II, Refines HFT Scope
The European Securities and Markets Authority (Esma) has opened its consultation on the review of the Markets in Financial Instruments Directive (Mifid II) and Regulation (Mifir), the two most important pieces of legislation issued by European…
Lessons from the Buy Side
Conferences from our sister brand have resonance for Sell-Side Technology's readership, this week.
ICE Confirms Euronext IPO Details
The IntercontinentalExchange Group (ICE) has released plans for the intial public offering (IPO) of Euronext, the European exchange arm of NYSE Euronext, which the Atlanta-headquartered venue operator acquired in November 2013
Athens Exchange Selects Cinnober for Surveillance
The Athens Stock Exchange (Athex) has selected Cinnober's Scila Surveillance suite to handle a multi-asset monitoring environment.