Tech
James Rundle: Prizing Open Markets
The introduction of competition, according to capitalist doctrine, is a pre-requisite for establishing an efficient and growing economy. But for the capital markets, James says, plans to open trading landscapes to new venues come with their own…
MacKay Shields Weathers Storms with Vigilante's Tech Vision
MacKay Shields has weathered some of the worst storms in recent memory, thanks to a forward-thinking approach to technology, which has been driven in part by its long-serving head of IT. By James Rundle, with photos by Amy Fletcher
For Regulators, Data Engineers in Demand
Regulators in the US have had to significantly increase not only their IT hardware and software, but their staffing as well, to meet Dodd-Frank-related demands.
US Regulators' Technology Burden
The passage of the Dodd–Frank Act in the US, while necessary, has not just stressed many Wall Street firms’ IT budgets—it has also required a substantial investment on the parts of the US regulators. Anthony Malakian charts the progress that has been…
SimCorp Updates Dimension with Trade-Processing Dashboard
The buy-side provider's asset management platform, version 5.4, will also include functionality for FX hedging overlaying multiple portfolios, trading limits capability for compliance managers, and enhancement to the strategy manager application for…
Eurex and Moscow Exchange Partner on FX Futures
Eurex and Moscow Exchange have announced that they will collaborate on the trading of foreign exchange (FX) derivatives, with the Deutsche Börse subsidiary hosting dollar/rouble and euro/rouble futures on its trading system later this year.
CSRC Widens Everbright Glitch Probe
The China Securities Regulatory Commission (CSRC) has announced that it will expand its investigation of trading systems to include all Chinese brokerages, following a glitch in Everbright Securities' high-frequency engine that caused it to mistakenly…
IBM Debuts Risk Manager
IBM has announced a new enterprise risk management solution for credit lifecycle management, featuring a dashboard that provides visibility into wholesale credit touchpoints.
Futures Trading Algorithms Find Traction
Equities and futures microstructures have always functioned differently—and in terms of algorithmic application, the latter has always benefited from the adventures of the former. From order placement optimization to a revived debate on pricing…
Nasdaq Separates Clearing and Exchange in Sweden
In order to comply with the European Market Infrastructure Regulation (EMIR), Nasdaq OMX has separated its clearing and exchange operations in its Swedish affiliate, Stockholm AB.
Envestnet Integrates HiddenLevers for Portfolio Stress-Testing
The wealth management platform provider will now include HiddenLevers' macro scenario portfolio testing tool, which uses algorithms to model the impact of economic events on asset classes as well as individual securities.
Quantifi Tapped for ICE Futures Price-Spread Calculator
The analytics provider has released a new tool for pricing credit index futures listed by IntercontinentalExchange (ICE) Futures U.S., backing increased demand for exchange-traded futures, which trade more cheaply than OTC derivatives under new global…
Interactive Data Tackles ETF Uncertainty With Vanguard Deal
Last month, Interactive Data announced a deal with Vanguard Asset Management, supporting the firm's European-domiciled exchange-traded fund (ETF) activities with indicative net-asset value (iNAV) calculations.
TMX Completes Quantum XA Implementation
TMX Group has announced that Quantum XA, its high-performance trading engine, has been successfully implemented for TMX Select.
BNY Mellon Adds Benda in Germany
BNY Mellon has hired Gesa Benda as Global Collateral Services (GCS) product segment manager for clearing houses, and she will be based in Frankfurt.
Financial Transaction Tax: Doomed to Fail?
The financial transaction tax, Tobin tax or even the Robin Hood tax—call it what you want—is here to stay. Or maybe not. By Marina Daras
Advent and Advise Team Up on Form PF and Form CPO Solutions
Advent Software and Advise Technologies are collaborating on an integrated platform that will address Form PF and Form CPO-PQR filing requirements for hedge funds, hedge fund administrators, and private equity managers.
Otkritie Online with Additional London Presence, Beckoning Global HFT
The new connection at Equinix's LD4 datacenter, located in Slough, offers closer proximity to colocated servers of over 80 exchange and trading platforms across 30 European markets. Otkritie now claims the lowest latency connection between Moscow and…
SIX Swiss Exchange Introduces Sponsored Access
SIX Swiss Exchange has announced the debut of its sponsored access program, allowing members to provide their clients with a direct route into the market.
Oanda Upgrades Mobile Analysis Tools
Foreign exchange (FX) service provider Oanda has announced a set of upgrades to its mobile suite, providing advanced analysis features for its fxTrade platform.
Information Mosaic CEO Byrne Steps Down
The post-trade software vendor's CEO, John Byrne, will move to the role of non-executive vice chairman, with current chairman Ulrich Kunz becoming a placeholder chief executive as the search for a replacement begins.
Millimeter Wave vs Microwave for Wireless Communication
Microwave is only now making waves in the capital markets, but already other forms of wireless are being investigated.
FPL Announces Re-brand to Fix Trading Community
Fix Protocol Limited (FPL) has undergone a major re-brand, changing the name of the organization to Fix Trading Community, in order to better reflect its expanded role in the industry outside of its messaging standard.
We Weren’t in Kansas to Begin With
A measured approach, in all senses of the phrase, tends to produce better results.