Tech
Data Centralization Key to Effective Compliance, CTOs Argue
Panelists at the Buy-Side Technology European Summit 2013 in London debated growing levels of transparency and reporting required by regulatory agencies and clients, saying that in order to stay compliant, a thorough data strategy was essential to any…
Man Group's Wright Says CIO, CDO Roles Should be Linked
The roles of chief information officer (CIO) and chief data officer (CDO) should be one and the same, according to Man Group's Mike Wright, global head of technology, in delivering the keynote address at the Buy-Side Technology European Summit 2013 in…
GFI Builds Out SEF, DCM Capacity with Violin Memory
Wholesale brokerage and electronic execution provider GFI will deploy Violin's solid-state Flash Memory Arrays for increased speed and capacity across all its trading platforms.
Aquis Exchange Teams with FixSpec for FIX Certification
Aquis Exchange, a proposed pan-European equities trading exchange, has teamed up with FIX certification and connectivity provider FixSpec to allow prospective Aquis members to access its online automated certification platform.
FPL Working Groups Update Post-Trade Guidelines
FIX Protocol Ltd. (FPL) has published its updated guidelines for using the messaging language in post-trade processing, incorporating non-US markets for the standard.
Misys Rolls Out Sophis Value, Version 5
Software provider Misys has unveiled version 5 of its portfolio and risk management platform, Sophis Value. This upgrade includes an updated user interface and has more functionality for risk management.
SunGard Consolidates Protegent into Single Platform
SunGard has announced the integration of its various Protegent market surveillance products into a single platform, to provide a consolidated view for compliance officers across a firm.
The Order Machine Moves from Stockholm to London
Derivatives trading platform, The Order Machine (TOM), has moved its matching engine from Stockholm and is now operating from London, to better service UK-based interest.
Hong Kong Mercantile Exchange Forced to Close its Doors
The Hong Kong Mercantile Exchange (HKMEx) has handed back its trading license two years after opening, as the exchange is no longer able to meet required regulatory financial conditions.
Much Ado about RFQ
The reduction in the so-called RFQ 5 rule was seen as a shallow victory for the industry during the final rulemaking for swap execution facilities (SEFs) last week, but how much of an issue will it prove to be?
Improving Operations Through Automated Reconciliation
Spending on reconciliation solutions is set to increase steadily over the next five years, with a compound annual growth rate of 6.4 percent globally, according to CEB TowerGroup. In fact, spending on integrated reconciliation and exception management…
Bloomberg Screws Up with Spying Scandal, But the End Ain't Near
Bloomberg has certainly suffered an embarrassing episode recently, but Anthony says no one should expect a sea change in the terminal market anytime soon.
CFTC SEF Rules Garner Mixed Reactions as Tech Picture Gets Clearer
Yesterday’s vote on final rules governing the operation of swap execution facilities (SEFs) by the US Commodity Futures Trading Commission (CFTC) was well-received by a cross section of the industry, but some disagree with elements of the provisions…
CFTC Passes Final SEF Rules with an Eye to the Future
The US Commodity Futures Trading Commission (CFTC) passed a series of final rules yesterday, designed to govern how swap execution facilities (SEFs) will operate, and how instruments will trade through them.
ConvergEx Launches Tax Solution for Brokers
ConvergEx Prime Services, the company's prime brokerage unit, has released Tax Optimizer, which will allow users to better understand their tax liabilities.
CLS AS Adds Mizuho Corporate Bank
Mizuho Corporate Bank has joined the CLS Aggregation Service (CLS AS), operated by CLS Group and Traiana, for trade compression in the foreign exchange (FX) market.
South Korean Fragmentation Pushes Koscom to Turn to SmartTrade for Smart Order Routing
Koscom, a Seoul-based solutions provider, has selected the Liquidity Management System (LMS) from Paris-based SmartTrade to offer aggregation and smart order routing to their clients.
Trading Technologies Connects to Nasdaq OMX's NLX
The new link to Nasdaq's London-based derivatives market will allow TT's clients to trade in short- and long-term interest rate futures products denominated in either sterling or euro.
Goldman Sachs Eyes Internal Messaging Services
After the discovery that Bloomberg's reporting staff were monitoring information from terminals—including JPMorgan's $6 billion “London Whale” trading debacle last year—Goldman Sachs is reportedly considering reduced reliance on the ubiquitous market…
Arialytics Unveils New Analytics Platform
Rye, NY-based analytics vendor Arialytics has launched Aria, a new investment discovery platform that will allow analysts to cull vast quantities of data to find investment opportunities.
ADI Implements Misys Sophis
Al Dhabi Investment PJSC (ADI) has announced that it will implement Misys Sophis for an expansion in instrument coverage and trading in different asset classes.
SAP Unifies Cloud Under HANA
SAP has announced that it will bring its portfolio of cloud offerings into alignment with the HANA platform, giving a single point for cloud-based technology from the vendor.
New UK Regulator Goes Live With Nasdaq Surveillance Tool
The Financial Conduct Authority (FCA), a UK regulator formed in April, has gone live with Nasdaq OMX's Smarts Integrity market surveillance platform to enhance its monitoring of transaction reports across the UK's financial markets.
CloudRisk Takes on AlphaKinetic's Glide for Risk and Valuations
CloudRisk, a Manchester, UK-based provider of valuations and risk analysis focusing on derivative transactions, selected AlphaKinetic’s Glide Fund Manager’s cloud tools for its client base of investment and trading organizations.