News
NYSE Tech’s O’Sullivan Sets Up USAM Outsourced Data/Tech Sales Agency
Feargal O’Sullivan, a former sales and solutions executive at NYSE Technologies, Tervela, Reuters and Tibco Software, has set up USAM Group, a New York-based sales agency to represent startup financial technology and data vendors seeking to gain a…
Numerix Preps for IPO, Mulls Acquisitions
Over-the-counter derivatives pricing, analytics and risk management software vendor Numerix is gearing up to go public, and is weighing potential acquisitions that will help the vendor boost its scale ahead of an IPO, officials say.
Confluence Partners with Fundsquare for AIFMD Reporting
Confluence has announced its collaboration with Fundsquare to simplify regulatory filings within its AIFMD Transparency Reporting tool, as required by the Alternative Investment Fund Managers Directive (AIFMD).
Lombard Risk Enhances Collateral Management Solution
Lombard Risk has announced a new release of Colline, its collateral and clearing inventory management and optimization solution, to streamline operations across the firm and support its regulatory needs.
Frankfurt FIS 2014: For Regs, Prep Early and Coordinate
Firms must begin preparations to comply with new European and global regulation as soon as possible, setting up a priority-driven roadmap and boosting internal coordination, said panelists at this week's Frankfurt Financial Information Summit.
First Derivatives Takes Majority Stake in Database Vendor Kx Systems
First Derivatives has announced the acquisition of a further 46.47 percent stake in time-series database specialist Kx Systems, bringing its overall interest to a majority share of 65.2 percent on a fully diluted basis.
'Kill Switch' Capabilities Move Corvil Beyond Latency
Dublin-based network and latency monitoring technology vendor Corvil has adapted its monitoring tools to support the creation of automatic "kill switches" to protect trading firms' infrastructures and trading strategies, as part of its efforts to…
Trendrating Adds Three Probability Indicators
Swiss momentum ratings and analytics provider Trendrating has added Duration, Magnitude and Upside Potential Indicator (UPI) metrics to its Trendrating Momentum Analytics Platform, to provide "statistical measurability" to make end-users' investment…
Frankfurt FIS 2014: Flexible, Customizable Data Management Services Key to Successful Outsourcing, Panel Says
Outsourcing data management functions to services provided on a utility model may help firms enhance their data management processes, but firms should also adopt flexible solutions that combine in-house and external resources in order to make the most of…
Frankfurt FIS 2014: C-Level Exec Panel Says Tech Innovation Must Support Client Needs
Financial firms must adopt innovative technological solutions that make the most of internal resources while meeting customer needs and increasing staff productivity, according to a panel at this week's Frankfurt Financial Information Summit.
Unigestion Chooses AIM Software for EDM Needs
Targeted business applications are winning the enterprise data management game, says an AIM Software executive
DTCC Assembles Two Groups for T+2
Following in the footsteps of Europe, the DTCC has organized two industry group charged with leading the transition to T+2 in U.S. markets.
African Stock Exchange to Implement Deutsche Börse Tech
Deutsche Börse has entered into an agreement with the African Stock Exchange (AFSX), whereby the Mauritius-based venue will use the German operator's Xetra technology and support.
Your Next Security Threat is...POODLE
Three Google security researchers have discovered a new security hole in version 3 of the Secure Sockets Layer (SSL) protocol.
Trading Game Startup Nous Raises Funds to Boost Participation, Data Value
Nous, a provider of a mobile trading game and a feed of investor and active trader market sentiment, has raised $600,000 in new funding to expand the user base of its Spark Profit trading game from 79,000 users in 190 countries to 250,000 users over the…
ITG Releases Posit Marketplace 3.0 Dark Pool Algorithm
In an effort to effectively tap dark pool liquidity and leverage the tools dark venues provide, brokerage ITG announced the launch of the Posit Marketplace 3.0 algorithm.
Charles River Adds Thomson Reuters Data
Thomson Reuters follows other major data providers in making its information available through Charles River
Neonet Adds Aquis Access
Agency broker Neonet has joined Aquis Exchange, and will now offer clients access to the venue.
Buy-Side Firms Begin Trading Corporates Via MTS Bonds.com API
MTS Markets International announced liquidity-provisioned trades by buy-side institutions through its enhanced application program interface (API) on MTS Bonds.com have begun taking place.
Xignite Partners with FactSet
Cloud-based financial market data provider Xignite announced a partnership with data provider FactSet.
Solace Taps SL Corp to Monitor Message Routers
Ottawa-based hardware messaging appliance vendor Solace Systems has enlisted IT monitoring solutions provider SL Corp to provide an adapter for SL Corp's RTView Enterprise Monitor, to provide systems administrators and application support teams with…
CME Group Enacts Tech Jobs Cut
CME Group announced a company restructure that will cut five percent of its workforce, or about 150 jobs, the majority of which will come from the company's technology division.
EuroCCP Adds Traiana Platform to OTC Clearing Services
EuroCCP will now be able to match over-the-counter (OTC) transactions with Traiana’s Harmony platform.
Thomson Reuters Bows M&A Arbitrage Data
Thomson Reuters has unveiled a new collection of mergers and acquisitions data within its Deals database targeting the needs of event-driven hedge fund managers.