Tech
Tradency Partners with CFH Clearing
Financial technology developer Tradency has teamed up with CFH Clearing to integrate its Mirror Trader foreign exchange (FX) trading platform with CFH Clearing's interbank clearing technology.
Slovenian CSD Takes Swift for T2S
KDD Central Securities Clearing Corporation will connect to the pan-European Target2-Securities (T2S) platform using Swift's value-added network (VAN), the provider has announced.
Trapets Nabs Nylén from Burgundy
Trapets AB has announced that Peter Nylén, head of market surveillance at multilateral trading facility (MTF) Burgundy, will be joining the vendor.
New FIA Study Suggests Futures Volatility Not Influenced by HFT
Research conducted for the Futures Industry Association by Nicholas Bollen and Robert Whaley at Vanderbilt University's Owen School of Management suggests that recent trading in 15 futures contracts has not become more volatile, despite increased…
XP Investimentos Joins Perseus Network
Brazilian broker-dealer XP Investimentos has established a presence on the Perseus Telecom global exchange network.
Volta Chooses Optimum Group for London Datacenter
Datacenter provider Volta Data Centers has selected Optimum Group Services (OGS) as facilities provider for the maintenance of its central London facility.
Panel Discusses the Intersection of Risk and Regulation
At a panel hosted by SunGard and moderated by The Economist, Wells Fargo's Steve Ellis encouraged firms to look at compliance with a glass-half-full perspective.
ConvergEx Taps Ardell for CIO
ConvergEx Group has named Gary Ardell CIO. He will also be part of the vendor’s executive committee.
Tieto Takes on Länsförsäkringar Fund Systems
Tieto has announced that it has signed an agreement with Länsförsäkringar to manage the Swedish bank's fund-administration systems.
HKEx Picks Jones for LME Top Spot
Hong Kong Clearing and Exchanges (HKEx) has announced that Garry Jones will succeed Martin Abbott as the CEO of the London Metal Exchange (LME).
Tullett Prebon Files SEF Application with CFTC
New York-based interdealer broker Tullett Prebon has announced it is applying to the US Commodity Futures Trading Commission (CFTC) to become a swap execution facility (SEF).
FixSpec Announces Central Debut
London-based vendor FixSpec has announced the launch of Central, its enterprise platform for connection monitoring and operational analytics.
Malfunction! Malfunction!
It’s not been a great week for capital markets technology. For the past seven days, I’ve had the image of Robby the Robot in my head, being told by Doctor Mobius to go against his basic programming, and building up to a short circuit as a result. This,…
In Two Days, Signals of Change
Nasdaq's SIP-related glitch on Thursday seems a foil for today's news, that the boards of Bats and Direct Edge approved a merger deal on Friday creating a new entity that will surpass Nasdaq's market share. Both events may be long-remembered, and perhaps…
Direct Edge's William O'Brien on the Bats Merger
After much speculation on Friday last week, news broke today that Direct Edge would merge with Bats. Direct Edge's CEO William O'Brien hopes that this will help the newly combined entity, which will go forward under the Bats name, to break into the…
Eurex Halts Trading on Tech Glitch
The largest European derivatives market stopped trading in multiple index-based futures this morning at 8:15 am, with a subsequent delay of about 65 minutes as it investigated an unspecified technical malfunction.
SEC Chief to Summon Industry Heads After Tech Outages
Mary Jo White, chair of the US Securities and Exchange Commission (SEC), has said that she will convene a meeting of senior industry executives after an outage at Nasdaq OMX halted trading for three hours on Thursday.
Cetip Offers ICE Link for Brazilian Trading
Intercontinental Exchange (ICE) has announced that its ICE Link tool for post-trade processes in credit-default swap trading has been made available on Cetip|Trader, the service provider's platform for Brazilian fixed income.
Citisoft CEO: Back Office Derivatives System Overhaul is Open Heart Surgery
Any major overhauls to legacy systems in order to accommodate derivatives are going to happen primarily in the middle and back office, argued Paul Migliore, CEO of consultancy Citisoft, during a webcast on derivatives processing.
Multi-Asset Trading Platforms: Sweating Your Assets
As buy-side firms have looked to diversify their investment strategies and include new asset classes, their incumbent trading technologies have been found wanting. But, as Linedata’s Gene Mitchell explains, help is at hand in the form of cross-asset…
Updated: Nasdaq-Listed Equities, ETFs, and Options Resume Trading After 'Flash Freeze'
At 12:14 this afternoon, trading in Nasdaq OMX-listed equities and exchange-traded funds was paused across most American exchange venues after Nasdaq's market data feed, known as Tape C, ceased proper interaction with the operator's securities industry…
Max Bowie: In With the New (But Not Out With the Old)
With traditional datasets and tools no longer adequate for price discovery and risk management in today’s trading environment—as evidenced by the credit crunch and financial crisis—Max says real innovation requires revolution, not just evolution.
Anthony Malakian: Regulators Literally Doing the Best They Can
In an environment of budgetary constraints, regulators must invest in top-tier analytical technologies. But, as Anthony explains, there is no “try” when it comes to preventing another 2008.
Michael Shashoua: Confounding Interests
Following the twists and turns of the legal entity identifier story, Michael finds clashing regulatory authorities, political maneuvering, and attempts by outside interests to sort through the wreckage.