Tech
Data Auditing: Finding the Needle in a Haystack
As auditing demands increase, so does the need for storage solutions that can quickly retrieve trade data from exact moments in time.
Deep in the Heart of Chicago
Anthony previews some of the stories he'll be writing following his visit to Chicago.
NYSE Tech and Koscom to Cross-Connect Trading
NYSE Technologies, the commercial technology division of NYSE Euronext, have signed a Global Trading Hub Connectivity Agreement with Koscom, the technology firm created by the Korean Ministry of Finance and Korea Exchange, as a follow-up to their 2012…
CFTC Casts Wide Net on Futures HFT Curbs—Will the Catch Prove Deadly?
Statements of concurrence from Commodity Futures Trading Commission (CFTC) commissioners Scott O'Malia and Bart Chilton, and support from chairman Gary Gensler, quickly followed the CFTC's concept release on proposals to reduce systemic risk by curbing…
SEC Calls for Kill Switches Post-Nasdaq Outage
US Securities and Exchange Commission (SEC) chair Mary Jo White met with top industry executives today following the technology glitch on August 22 that saw the trading of Nasdaq-listed securities halted for three hours.
Tradeweb Takes Control of BondDesk
Tradeweb Markets has agreed to acquire bond trading platform provider BondDesk to extend its business interests into the fixed-income industry.
Aquis Exchange Connects to Savvis
Savvis, a Missouri-based cloud infrastructure and hosting specialist, will expand connectivity to Aquis Exchange, the proposed pan-European equities trading exchange and software developer, via Savvis Markets Infrastructure. The connection will provide…
DST Hires New Exec for North America
Boston-based DST Global Solutions has named Robert Leaper head of business development for North America, to expand its client base in the region.
BAML Debuts FX Prime Brokerage Platform
Bank of America Merrill Lynch (BAML) has announced that its new foreign exchange (FX) prime brokerage platform has launched on BAML Mercury.
The Case for Business Process Outsourcing
As security improves and cost pressures mount, more and more firms are getting comfortable with business process outsourcing (BPO).
SimCorp Study Notes Legacy Systems' Stubbornness, R&D Disparities
The research note from Ingo Walter, an NYU Stern Professor, surveyed 500 buy sides - finding that around a quarter of the world's top investment managers are still operating on legacy systems, despite their inherent challenges.
Nino Options Takes TBricks
Nino Options has selected Tbricks for its market-making software, covering options on German and Dutch equities and indices.
Royal London Asset Management Hits the Cloud Running
Rapid cloud adoption is almost unheard of in the asset management industry, which has traditionally held a conservative view of the technology. When it needed a swift replacement of its core performance engine, however, Royal London Asset Management …
SmartStream Debuts TLM SmartRecs
SmartStream has announced the release of TLM SmartRecs, a new system for the loading and delivery of documented reconciliation results.
QED Adds Varden Reporting to its Toolbox
QED Financial Systems, a portfolio management solutions provider based in Marlton, New Jersey, has signed an agreement with Boston-based Varden Technologies to resell Varden’s reporting and communications platforms.
Hao Sun on the Need for Change of Place, Time, Thought and Future
Hao Sun, COO of proprietary trading from Ketchum Trading, who delivered the keynote address at this year's Inside Market Data Chicago event, says that firms must change their perceptions of place, time, thought, and future to gain long-term alpha in…
Bloomberg Supplies Fixings Valuation for Tradition's Volatis
Volatis, the interdealer broker's newly-launched hybrid platform for negotiation and trading of realized volatility futures, will use daily fixing observations from Bloomberg.
Fenics to Provide FX Options Analysis to Shanghai Bank
Bank of Communications (BoC), a financial services group based in Shanghai, has licensed Fenics Professional, a pricing and risk management system for foreign exchange (FX) options from GFI subsidiary Fenics.
MarkitSERV Connects to Nasdaq for FX Clearing
MarkitSERV, Markit’s electronic trade processing service for over-the-counter (OTC) derivative transactions, will be the first middleware provider to deliver foreign exchange (FX) trades for clearing to Nasdaq OMX.
Top Sales Role at Misys for Brienzi
Misys, the Paris-headquartered provider of capital markets technology and services, has appointed Frank Brienzi as its new president and chief sales officer.
Financial Industry Faces Up to Cybersecurity Challenges
While the internet has revolutionized nearly every aspect of the financial markets, it carries with it an implicit level of risk that has only recently started to be properly examined by institutional trading firms. But when it comes to cybersecurity,…
DCCC Deal Extends Euroclear's Collateral Highway to Middle East
Euroclear has announced that the Dubai Commodities Clearing Corporation (DCCC) has joined its Collateral Highway network, the first firm from the Middle East to do so.
BCS Takes b-next for Market Abuse Surveillance
Russian brokerage BCS Financial Group has announced that it will implement b-next's CMC:Suite, in order to boost its market abuse surveillance and insider trading detection capabilities, at its London trading room.
Thomson Reuters Files SEF Application
Thomson Reuters has filed an application with the US Commodity Futures Trading Commission (CFTC) to register as a swap execution facility (SEF).