Tech
NLX Gains Regulatory Approval for Launch
Nasdaq OMX NLX and LCH.Clearnet have announced that they have received the prerequisite regulatory approval to launch trading and clearing on the new NLX derivatives venue, commencing Friday May 31.
JC Rathbone Taps Quantifi for CVA Analytics
The risk management and advisory services consultancy firm, JC Rathbone Associates (JCRA), has selected Quantifi’s credit valuation adjustment (CVA) product as its primary solution for counterparty risk analytics.
BI-SAM to Expand Asia-Pacific Operations
Paris-based vendor BI-SAM is expanding its operations in Asia-Pacific to support the growth occurring in the region.
Interbolsa Takes Swift VAN for T2S
Portugal's central securities depository (CSD) operator, Interbolsa, has signed on for Swift's value added network (VAN), a key aspect of connectivity to the Target2-Securities (T2S) platform
Q&A With Wolverine's Kevin Kernan
Kernan, director of product development at Wolverine Execution Services (WEX), dishes on his firm's algorithmic adaptations.
Cleartrade Exchange Launches Reporting Service for OTC Derivatives
Cleartrade Exchange (CLTX) has launched a third-party reporting service, through an electronic connection to the swap data repository (SDR) owned by the Depository Trust & Clearing Corporation (DTCC).
Cranking Up To Eleven
The attitudes, vicissitudes and verisimilitude of big-data arguments.
KPMG Selects SunGard’s Adaptiv to Help German Clients with CVA
KPMG has selected SunGard’s Adaptiv Analytics to support its German clients with assessments of credit valuation adjustment (CVA), and derivatives exposures for default-risk steering and regulatory capital calculations under Basel III.
Nasdaq Banks on Mid-East Sukuk Platform
Nasdaq Dubai is preparing to launch a platform dedicated to the trading of Islamic bonds, known as sukuk, and conventional bonds.
Rapid Addition Partners with Azul Systems to Enhance its Java Virtual Machine
Trading technology provider Rapid Addition has announced its partnership with Azul Systems to offer low latency, jitter-free Java trading engines.
A Look at this Year's BST European Summit
Across the pond in London this week, Incisive Media held its annual Buy-Side Technology European Summit. Anthony looks at the coverage.
BGI’s IBOR System Offered Strengths, But Also Weaknesses
During a case study presentation at the recent Buy-Side Technology European Summit 2013, Jon Rushman, professor of practice in the finance group at Warwick Business School, outlined construction methods for an Investment Book of Record (IBOR) system,…
Société Générale Bank & Trust Migrates to Private Cloud
Société Générale Bank & Trust (SGBT), the Luxembourg-based private banking arm of Société Générale, has completed a two-year project to migrate its core banking system to a cloud-based architecture.
ConvergEx Upgrades MillenniumSM ATS
New York-based agency broker, ConvergEx Group, has upgraded its MillenniumSM Alternative Trading System (ATS), reducing its trading latency by 75 percent.
Bloomberg Releases IB Dealing for FX Traders
The chat-based platform, called Instant Bloomberg (IB) Dealing, is now being used for trade negotiation and execution by more than 100 banks globally.
Westpac Taps Broadway Technology for Global FX
The Sydney-based bank's institutional arm says it will deploy Broadway's high-performance TOC software platform to back increased trading activities in Australian (AUD) and New Zealand (NZD) dollars, key Asian currencies, and the mainstay G3: US dollars,…
Technology and People Make Cross-Asset Platforms Challenging, Panelists Say
Panelists at the Buy-Side Technology European Summit 2013 in London this week debated the challenges associated with developing and deploying single platforms to support cross-asset trading operations. Some argued that smaller buy-side firms are better…
Swedbank Robur Expands Business Intelligence with Graz Implementation
Scandinavia’s largest fund manager, Swedbank Robur, has expanded its relationship with data warehouse provider Graz Sweden by taking the first installation of Sales Navigator, Graz’s business intelligence module.
Calypso Opens Beijing Office
Treasury and capital markets software vendor Calypso Technology has announced the opening of a new presence in Beijing.
SunGard Extends FoxRiver Algo Suite to Japanese Equities
SunGard Financial Systems has extended the international reach of its Fox River algorithm suite to support trading in the Japanese equities market.
Gill appointed CEO of Millennium IT
Trading technology firm Millennium Information Technologies (MillenniumIT) has appointed Mack Gill as its new CEO to support the firm's global expansion.
Temasek Officially Takes Stake in Markit
The deal signed by the Singaporean sovereign wealth fund, which had been speculated upon for a couple weeks, was previously reported by the Financial Times and Reuters to be worth about $500 million, with the stake bought from existing investment banking…
Hoppe Joins b-next
Market surveillance and compliance software provider b-next has added Stefan Hoppe as a sales manager.
RSJ Implements Kx Systems' kdb+
The Prague-based proprietary trading shop, among the leaders in derivatives trading on NYSE Liffe, will use Kx's database and time-series analysis platform to support modeling for its algorithmic trading systems.