Tech
Eze Castle's App Cloud Drops
Hedge funds solutions provider Eze Castle Integration (ECI) says its application delivery platform will enable app writers to give their clients faster time to value, while enabling app vendors themselves to transition to more of a Software-as-a-Service …
Electra Unveils New Fee Billing Solution
Electra Information Systems has launched a new fee calculation and revenue management system, dubbed Quantum, to help firms in the billing settlement arena. Doug Fritz, product manager at Electra, will head the initiative.
SS&C GlobeOp Unveils TNR Solution 2013
Windsor, CT-based SS&C Technologies has released the 2013 version of its TNR Solution, which it describes as an "important update" to SS&C GlobeOp's private equity technology platform.
Banchile Selects Fidessa for Sell-Side Trading
Chilean broker Banchile has chosen Fidessa's Latin American sell-side platform to support its trading activities, the UK-headquartered vendor has announced.
ADS Securities Chooses Corvil for FX Platform Monitoring
ADS Securities, an Abu Dhabi-based brokerage, has chosen Corvil to manage its new foreign exchange (FX) platform, which will launch later this year.
Congressman Lobbies SEC for HFT Crackdown
Representative Ed Markey (D-Mass.) has written to the Securities and Exchange Commission (SEC), advising it to curb the practice of high-frequency trading (HFT).
A Safe Pair of Hands
You can't help but feel a little bit sorry for Joe Ratterman, CEO of the beleaguered BATS exchange. Hot on the heels of its botched initial public offering (IPO), on its own system, the exchange has had to admit that it hasn't always been offering…
Kyte Group Integrates b-next Market Abuse System
Clearing and broking provider Kyte Group has rolled out b-next's multi-asset, multi-venue market abuse surveillance system, CMC:Suite.
The Case for a Data Czar
As firms struggle to manage their data needs, maybe it's time to consider adding another C-level executive to the Board of Directors: A Data CIO.
Peruvian Exchange Upgrades Electronic Trading Platform with MillenniumIT
Bolsa de Valores de Lima, the Peruvian exchange operator, has upgraded its electronic trading platform and smart order routing (SOR) system with MilleniumIT.
Nasdaq Takes Aim at Tech Crown, Appoints CIO
US exchange group Nasdaq OMX has announced that it will combine its market technology and corporate solutions business lines, in an attempt to create a technology unit that can compete with the world's top vendors.
Capco Opens Delivery Center in Florida
Capco announced that it has opened a delivery center in Orlando, Florida.
Mifid II Must Mind Market Microstructure
Regulation took center stage at a panel discussion in London on Tuesday as the nuts and bolts of the Markets in Financial Instruments Directive review (Mifid II) went under the microscope.
Fallout from Order-Handling Errors Unclear
Last week’s confessions by three top US execution services providers regarding failures to match the national best bid and offer (NBBO) came as a surprise, and the fallout is unclear.
Two More US Exchanges Admit Order Handling Errors
Direct Edge and the New York Stock Exchange (NYSE) have said that customer transactions may have been executed away from the best available price due to systems errors, bringing the total number of exchanges admitting price errors to three this month.
Euroclear Nederland Exits Paper Certificates
Dutch central securities depository (CSD) Euroclear Nederland has announced that it recently completed a full-scale dematerialization project for all securities in the country, moving stock certificates to electronic formats.
Belfius Bank Partners Clearstream for Collateral Management, OTC Derivatives
Belfius Bank, a banking and insurance group wholly owned by the Belgian state, has partnered with post-trade services provider Clearstream to develop a new collateral management activity for bilateral trades.
SEC Lines Up Analytics Firepower with Berman Hire
The US Securities and Exchange Commission (SEC) has announced that Gregg E Berman will take up the post of associate director in its Office of Analytics and Research.
Data is a Mess, So Why Not Unify it
As data volumes skyrocket, their efficacy is getting more opaque. Organizations need to get their data under control, in one location, so they can squeeze better value out of it.
MKS Chooses SmartTrade for Liquidity Management
Switzerland-based precious-metals service provider MKS SA has selected Paris-based smartTrade's liquidity management system (LMS) to handle its physical customer pricing.
TMX Atrium Increases European Capacity, Bandwidth
Luxembourg-headquartered TMX Atrium, a provider of infrastructure technologies, has increased the capacity of its ultra-low latency connectivity service in Europe.
Maitland Taps Milestone as South Africa Tightens Reporting Requirements
The Maitland Group, a Cape Town-based fund administrator with $145 billion under management, has selected Milestone Group's pControl software to respond to the stiffening reporting requirements in South Africa over the past year.
Principia Tweaks Platform for US Regulatory Support
Principia Partners, the Manhattan-based provider of buy-side and sell-side trading and risk management technology, has unveiled Version 6.8 of its Structured Finance Platform, which features enhancements aimed at addressing the US Basel 2.5 Market Risk…
Citadel Activates Bloomberg for Fixed-Income Trading
US hedge fund giant Citadel has selected Bloomberg's fixed income trading platform for its electronic execution and clearing of interest rate swaps (IRS).