News
ESMA Launches Hosted IT Tender Process
The European Securities and Markets Authority (ESMA) has launched a tender invite for firms to provide a managed IT infrastructure service.
Philippine Bourse Embraces Mobility
The Philippine Stock Exchange (PSE) has rolled out a fully mobile trading platform for brokers, in an attempt to stimulate the domestic investor base.
Fincad Upgrades F3 with Advanced CVA Functionality
Over-the-counter (OTC) derivatives pricing and risk management vendor Fincad has announced the upgrade of its F3 platform, featuring real-time portfolio analysis and advanced credit valuation adjustment (CVA) capabilities.
Bloomberg PolarLake Integrates Fitch Credit Rating Data
The managed enterprise data management service provider says it has integrated data from the unit of the ratings provider, which will save costs associated with onboarding, processing and managing data
GoldenSource Upgrades Products To Facilitate LEI Usage
The enterprise data management software vendor has begun mapping to the legal entity identifier, which its customers can choose to use as an additional entity identifier or as their primary entity identifier
Instinet Joins IPC's Connexus
The agency-only broker, a company of Nomura, will provide a variety of its trading tools, including its Newport 3 EMS, Execution Experts algorithms, and low-latency SmartRouter, to users of the extranet.
All Options Selects Tbricks for Market-Making
Market-maker All Options has chosen Tbricks' automated trading platform to support its equity options and stock-index options operations.
NYSE Retiring LRP Ahead of Limit Measures
The New York Stock Exchange has filed a plan to withdraw its Liquidity Replenishment Points program (LRP), a way of halting momentum in volatile stocks, with the US Securities and Exchange Commission (SEC).
Numerix, JPMorgan Eye Cross-Asset Application of Volatility Model
A new Unspanned Stochastic Local Volatility (USLV) model, an alternative to established Heath-Jarrow-Morton (HJM) methods for modeling options volatility, looks to build on pricing analytics for credit derivatives.
Aberdeen Australia Increases Fund Order Automation To 50% With Calastone
Australian arm of the asset management firm adopted Calastone's order routing service because it can accept messages of any size and format, and because the vendor has shown commitment to the local market
ITG Canada Colocates With TMX
ITG Canada and its crossing network, Match Now, have completed their technology migration into the TMX Datalink colocation facility.
CFN Launches WAN Advisory
The firm's Net Transform wide-area network offerings will help firms optimize large legacy networks connectivity.
Apogee Leadership Team Joins Gravitas
The management team of Chicago-based consultancy Apogee Strategies has joined Gravitas, an India-based technology provider to the alternative investment industry, following a joint venture launched in 2011.
Nasdaq OMX to Acquire eSpeed Platform from BGC
Nasdaq OMX has announced that it will purchase BGC Partners' US treasuries-trading platform, eSpeed,for $750 million and contingent stock issuance.
Finnish Banks Hand Compliance Burden to SunGard
A trio of private banks from Finland have signed SunGard for support with risk management and performance.
BNY Mellon Taps Sakati for Securities Financing Program
BNY Mellon has named Dean Sakati as head of strategy and business development for its securities finance division, which resides in the company's Global Collateral Services (GCS) business. GCS currently services $2 trillion in global collateral.